M&A Deal Summary

Sidereal Capital Group and Ocean Avenue Capital Partners Acquire Qwinstar

On August 20, 2018, private equity firms Sidereal Capital Group and Ocean Avenue Capital Partners acquired manufacturer Qwinstar

Acquisition Highlights
  • This is Sidereal Capital Group’s 1st and Ocean Avenue Capital Partners’ 1st transaction in the Manufacturing sector.
  • This is Sidereal Capital Group’s 4th and Ocean Avenue Capital Partners’ 6th transaction in the United States.
  • This is Sidereal Capital Group’s 1st and Ocean Avenue Capital Partners’ 2nd transaction in Minnesota.

M&A Deal Summary

Date 2018-08-20
Target Qwinstar
Sector Manufacturing
Buyer(s) Sidereal Capital Group
Ocean Avenue Capital Partners
Deal Type Consolidation
Advisor(s) Paramax Corp. (Financial)

Target

Qwinstar

St. Paul, Minnesota, United States
website
Qwinstar's corporate headquarters in St. Paul, Minnesota.
Qwinstar's corporate headquarters in St. Paul, Minnesota.
Qwinstar provides parts, supplies, implementation, and maintenance services for a comprehensive portfolio of client solutions including cash automation, intelligent safes, bank branch automation, remittance processing, printing, and high-speed document imaging equipment. Qwinstar is based in St. Paul, Minnesota.

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Buyer(S) 2

Buyer

Sidereal Capital Group

Summit, New Jersey, United States

Investor Investor Investor

website


Category Private Equity Firm
Founded 2012
Size Small
Type Sector Agnostic
DESCRIPTION

Sidereal Capital Group is a private equity firm that invests in small and lower middle-market companies operating within niche segments of the specialty manufacturing, industrial services, business services, and information services sectors. The Firm pursues profitable companies with $2 to $8 million in revenue and will consider opportunities throughout North America. Prospective transaction situations include family-owned companies, corporate carve-outs, recapitalizations, and consolidations. Sidereal Capital Group was formed in 2012 and is based in Summit, New Jersey.


DEAL STATS #
Overall 4 of 7
Sector (Manufacturing) 1 of 1
Type (Consolidation) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 4 of 7
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-10 U-C Coatings

Buffalo, New York, United States

U-C Coatings is a manufacturer and supplier of wood protection products for the logging, lumber, furniture, and woodworking industries. Its products include ANCHORSEAL end sealer for logs and lumber, GEMPAINT lumber tagging paints, and SEAL-ONCE waterproofers. U-C Coatings was founded in 1971 and is based in Buffalo, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-14 Flexo Transparent

Buffalo, New York, United States

Flexo Transparent, Inc. provides multi-colored flexible packaging including custom-printed rollstock, bags, pouches, and sleeves primarily for food grade and retail consumer products with a focus on private label accounts with short to medium-sized production runs. Flexo Transparent, Inc. was founded in 1954 and is based in Buffalo, New York.

Sell -
DESCRIPTION

Ocean Avenue Capital Partners is a private equity firm focused on special situation investments in the US and Canada. The Firm targets businesses facing transition, either in need of operational assistance, facing ownership transition, or in need of restructuring. Ocean Avenue will consider minority or majority positions and looks to commit $6 to $15 million per investment. The Firm does not have any sector preferences. Ocean Avenue Capital Partners was founded in 2010 and is based in Santa Monica, California.


DEAL STATS #
Overall 7 of 8
Sector (Manufacturing) 1 of 1
Type (Consolidation) 1 of 1
State (Minnesota) 2 of 2
Country (United States) 6 of 7
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-03 Stauer

Burnsville, Minnesota, United States

Stauer is a direct marketer specializing in affordable, historically-inspired watches, jewelry and collectibles. Stauer has travelled the globe in search of unique products and designs with rich heritage and captivating stories, and delivered them to their customers at affordable prices. Stauer was founded in 2003 and is based in Burnsville, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-12 BrandShare

Berwyn, Pennsylvania, United States

BrandShare is a provider of omnichannel brand experiences through product sampling and digital engagement. Brandshare partners with consumer packaged goods manufacturers, retailers, and others to bring to life e-commerce, venue-based and event-based sampling; digital marketing campaigns; and consumer engagement initiatives, such as reward bags. BrandShare was founded in 1984 and is based in Berwyn, Pennsylvania.

Sell -