M&A Deal Summary

ShoreView Industries Acquires Crown

On June 7, 2022, private equity firm ShoreView Industries acquired distribution company Crown from WILsquare Capital

Acquisition Highlights
  • This is ShoreView Industries’ 5th transaction in the Distribution sector.
  • This is ShoreView Industries’ 39th transaction in the United States.
  • This is ShoreView Industries’ 2nd transaction in Minnesota.

M&A Deal Summary

Date 2022-06-07
Target Crown
Sector Distribution
Buyer(s) ShoreView Industries
Sellers(s) WILsquare Capital
Deal Type Secondary Buyout
Advisor(s) Stephens Investment Banking (Financial)
Winston & Strawn (Legal)

Target

Crown

Bloomington, Minnesota, United States
website
Crown is a holding company comprised of Cartwright Distributing and Walcro, LLC. Crown Products was founded in 2019 and is based in Bloomington, Minnesota.

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Buyer(S) 1

Buyer
DESCRIPTION

ShoreView Industries is a middle-market private investment principally focused on partnering with family or entrepreneurial-owned companies. ShoreView will consider a variety of investment situations, including buyouts, leveraged recapitalizations, minority investments, and industry consolidations. Areas of interest include engineered products, distribution, industrial services, business services, and niche consumer products. ShoreView industries was established in 2002 and is headquartered in Minneapolis, Minnesota.


DEAL STATS #
Overall 40 of 43
Sector (Distribution) 5 of 5
Type (Secondary Buyout) 7 of 7
State (Minnesota) 2 of 3
Country (United States) 39 of 42
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 Burton

Omaha, Nebraska, United States

Burton offers replacement, repair, and maintenance services to a large and growing customer base. The Company is a multi-brand platform that has completed six add-on acquisitions since inception, expanding its operations in Nebraska, Colorado, Wisconsin, and Kansas. Burton partners with regional HVAC, plumbing, and electrical services providers to help them grow their businesses through follow-on M&A along with additional organic growth tools and capabilities. Burton is based in Omaha, Nebraska.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Rollease Acmeda

Stamford, Connecticut, United States

Rollease Acmeda is a designer, manufacturer, and value-added distributor of components and fabrics for custom window coverings. The company is the market leader in clutch-based operating systems for roller shades and is at the forefront of the industry for innovation in motorization and child safety. Rollease Acmeda was established in 1980 and is based in Stamford, Connecticut.

Sell -

Seller(S) 1

DESCRIPTION

WILsquare Capital is a private equity firm focused on acquiring closely held lower middle-market companies. WILsquare will consider opportunities throughout the Midwest and South US and has a preference for businesses whose owners are looking for a partner to help pursue growth strategies. Sectors of interest include business services, technology products and services, distribution, niche manufacturing, and e-commerce. WILsquare Capital was formed in 2015 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 2 of 3
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Minnesota) 2 of 2
Country (United States) 2 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 TekBrands

Omaha, Nebraska, United States

TekBrands is a designer and eCommerce-based marketer of branded products to quilting and crafting enthusiasts and retailers. TekBrands was founded in 1990 and is based in Omaha, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-28 OuterBox Solutions

Akron, Ohio, United States

OuterBox Solutions is a provider of search engine optimization (“SEO”), paid search (“pay-per-click” or “PPC”) and website development services to B2B and B2C brands, with a specialization in eCommerce. OuterBox Solutions is based in Akron, Ohio.

Buy -