M&A Deal Summary

Upstream Capital and North Haven Capital Acquire Chamberlain Group

On September 28, 2022, private equity firm Upstream Capital and family office North Haven Capital acquired electronics company Chamberlain Group from The Blackstone Group

Acquisition Highlights
  • This is Upstream Capital’s 1st and North Haven Capital’s 1st transaction in the Electronics sector.
  • This is Upstream Capital’s 4th and North Haven Capital’s 3rd transaction in the United States.
  • This is Upstream Capital’s 1st and North Haven Capital’s 1st transaction in Illinois.

M&A Deal Summary

Date 2022-09-28
Target Chamberlain Group
Sector Electronics
Buyer(s) Upstream Capital
North Haven Capital
Sellers(s) The Blackstone Group
Deal Type Secondary Buyout

Target

Chamberlain Group

Oak Brook, Illinois, United States
website
Chamberlain Group designs and engineers residential garage door openers, commercial door operators, and gate entry systems. Company products are connected through innovative MyQ technology which empowers users to control or monitor their entry points through smartphone access. Chamberlain Group is based in Oak Brook, Illinois.

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Buyer(S) 2

DESCRIPTION

Upstream Capital is a private equity firm focused on acquiring small, profitable ($300k to $10 million) businesses that are at an inflection point. Sectors of interest include healthcare, consumer products, distribution, business services, and training. The Firm prefers companies with low capex needs, recurring revenue and defensible market positions. Upstream Capital was formed in 2015 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 4 of 4
Sector (Electronics) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Illinois) 1 of 1
Country (United States) 4 of 4
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-14 TenderHeart Health Outcomes

Austin, Texas, United States

TenderHeart Health Outcomes is a provider of care management solutions, in partnership with managed care organizations, for patients with incontinence issues. TenderHeart Health Outcomes was founded in 2005 and is based in Austin, Texas.

Buy -
DESCRIPTION

North Haven Capital is a multi-family backed private investment group focused on acquiring small businesses in the Northeast US. The Firm does not have any stated sector preferences and looks for profitable (> $1 million of EBITDA) owner operated companies. North Haven Capital is based in Portland, Maine.


DEAL STATS #
Overall 3 of 4
Sector (Electronics) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Illinois) 1 of 1
Country (United States) 3 of 4
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-08 The Chamberlain Group

Great Barrington, Massachusetts, United States

Chamberlain Group designs, develops, and manufactures high-fidelity mimetic anatomy for surgical and interventional training, research, device development, and sales and marketing. The team collaborates with medical device companies and teaching hospitals in over 60 countries, developing and manufacturing products that span all levels, from simple suturing to complex procedural instruction. Chamberlain Group is based in Great Barrington, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-03 Morgan Records Management

Nashua, New Hampshire, United States

Morgan Record Management is a full-service records and information service provider with a track record of making advancements and innovations. Morgan Record Management is based in Nashua, New Hampshire.

Buy -

Seller(S) 1

SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 168 of 170
Sector (Electronics) 1 of 1
Type (Secondary Buyout) 20 of 20
State (Illinois) 4 of 4
Country (United States) 102 of 102
Year (2022) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-22 Tangerine Confectionery

Pontefract, United Kingdom

Tangerine Confectionery is engaged in the production of sugar confectionery and popcorn in the United Kingdom. The company is the largest manufacturer of private label sugar confectionary in the United Kingdom and owns a number of heritage brands, such as Barratts, Henry Goode's, Wham and Butterkist, the number one popcorn brand in the United Kingdom.

Sell £100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-31 Copeland

St. Louis, Missouri, United States

Copeland is a global climate technologies company. Copeland creates sustainable residential, commercial and industrial spaces through HVACR technologies and maintains the integrity of goods throughout the cold chain. Copeland was formerly known as Emerson Climate Technologies. The Company is based in St. Louis, Missouri.

Buy $14.0B