M&A Deal Summary

The Edgewater Funds, Caltius Structured Capital and Acorn Growth Companies Acquire Unitech Composites

On May 24, 2012, private equity firm The Edgewater Funds, mezzanine finance firm Caltius Structured Capital and private equity firm Acorn Growth Companies acquired aerospace company Unitech Composites

Acquisition Highlights
  • This is The Edgewater Funds’ 1st, Caltius Structured Capital’s 1st and Acorn Growth Companies’ 6th transaction in the Aerospace sector.
  • This is The Edgewater Funds’ 29th, Caltius Structured Capital’s 41st and Acorn Growth Companies’ 7th transaction in the United States.
  • This is The Edgewater Funds’ 1st, Caltius Structured Capital’s 3rd and Acorn Growth Companies’ 2nd transaction in Idaho.
Investment Fate
  • Unitech Composites was sold to a consortium of financial buyers in 2023.

M&A Deal Summary

Date 2012-05-24
Target Unitech Composites
Sector Aerospace
Buyer(s) The Edgewater Funds
Caltius Structured Capital
Acorn Growth Companies
Deal Type Buyout (LBO, MBO, MBI)

Target

Unitech Composites

Hayden, Idaho, United States
website
Unitech Composites designs develop and manufacture high-performance parts and assemblies for the aerospace and defense industries. Unitech Composites specializes in composite and metal parts for all segments of the aircraft industry, including new production and aftermarket service for both commercial and defense aircraft. Unitech Composites was founded in 1980 and is based in Hayden, Idaho.

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Buyer(S) 3

Buyer

The Edgewater Funds

Chicago, Illinois, United States

website


Category Private Equity Firm
Founded 1991
PE ASSETS 2.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Edgewater Funds is a private equity firm that targets investments in profitable, middle-market growth companies. Target companies typically have revenues of $20 to $500 million in revenue and EBITDA of $5 to $30 million. The Firm will consider minority and control investments in the form of growth capital financings and traditional buyouts. Edgewater looks for North American businesses operating in a variety of industries. Sectors of interest include business services; financial and government services; consumer products and services; healthcare; IT services and software; and industrial/manufacturing. Edgewater was formed in 1991 and is based in Chicago, Illinois.


DEAL STATS #
Overall 30 of 52
Sector (Aerospace) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 24 of 30
State (Idaho) 1 of 1
Country (United States) 29 of 50
Year (2012) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-19 Beverage House

Cartersville, Georgia, United States

Beverage House, Inc. is a manufactures and formulates liquid concentrates for iced tea and other healthy beverages. Beverage House’s end customers include major ready to drink tea brands, food service providers, supermarkets and national restaurant chains.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Bolder Healthcare Solutions

Louisville, Kentucky, United States

Bolder Healthcare Solutions LLC is a privately-held provider of revenue cycle management (RCM) solutions to hospitals, physician practices and other specialist healthcare organizations in the United States. RCM software and processes integrate and automate healthcare administrative and medical data to ensure benefit eligibility and accurate billing and collections, greatly reducing the time between delivery of service to payment received. Louisville, Kentucky-based Bolder Healthcare Solutions is one of the fastest growing RCM companies, serving many of the largest U.S. health systems. Their RCM offerings will further expand Cognizant's leading healthcare consulting, IT and business process services into more hospitals, hospital outpatient departments, physician practices, and other specialty care providers.

Buy -
Buyer

Caltius Structured Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Caltius Structured Capital is an investment firm focused on providing junior debt and minority equity to lower middle-market companies throughout North America. The Firm looks to invest between $7 to $50 million in companies with revenues of $15 to $250 million. The Firm pursues a variety of transaction types, including management buyouts, growth financings, and acquisition financings. Sectors of interest include business services, consumer products/services, healthcare services, manufacturing, tech-enabled services, and staffing. Caltius Structured Capital was formed in 1997 and is based in Los Angeles, California.


DEAL STATS #
Overall 41 of 53
Sector (Aerospace) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 23 of 27
State (Idaho) 3 of 3
Country (United States) 41 of 53
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Bulk Handling Systems

Eugene, Oregon, United States

Bulk Handling Systems is a designer, manufacturer and installer of premium conveying and screening systems for the solid waste and recycling materials processing industry. BHS develops and manufactures materials processing equipment for waste processing facilities. The company's systems sort solid waste and recyclable materials streams into resalable products. BHS' emphasis on reducing costs and improving processing efficiency for its customers has propelled it to the forefront of the materials processing industry and positioned the company as a leading global provider of recycling equipment. Bulk Handling Systems was founded in 1976 and is based in Eugene, Oregon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-10 Insight Global

Atlanta, Georgia, United States

Insight Global is a provider of employment solutions to Fortune 500 customers across the United States and Canada. Insight Global provides long-term, short-term, temporary-to-permanent, placement staffing, and enhanced staffing services. Insight Global was founded in 2001 and is based in Atlanta, Georgia.

Sell -
DESCRIPTION

Acorn Growth Company is a private equity group focused on aerospace and defense opportunities. Acorn looks specifically for companies engaged in aerospace parts manufacturing, aircraft modification and upgrades, engineering services, logistics, procurement and maintenance, repair, and overhaul. Acorn Growth was established in 2005 and is headquartered in Oklahoma City, Oklahoma.


DEAL STATS #
Overall 7 of 17
Sector (Aerospace) 6 of 10
Type (Buyout (LBO, MBO, MBI)) 7 of 14
State (Idaho) 2 of 3
Country (United States) 7 of 14
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-24 Unitech Composites and Structures

Hayden, Idaho, United States

Unitech Composites is a manufacturer of structural and nonstructural laminates, qualified to handle complex and demanding projects for defense and aerospace customers. Unitech Composites and Structures was founded in 1979 and is based in Hayden, Idaho.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-18 Aircraft Logistics Group

Oklahoma City, Oklahoma, United States

Aircraft Logistics Group provides turn key aircraft finance and leasing solutions for discriminating customers with unique requirements.

Sell -