21st Century Group Mergers and Acquisitions Summary

Private Equity Profile

21st Century Group’s most common sectors for investment are media (19%) and packaging (19%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (73%) and secondary buyout (19%). In total, 21st Century Group has invested in 8 US states. Its largest (disclosed) acquisition occurred in 2011 when it acquired Milk Specialties for $340M.

The Firm’s most common exit type is trade sale (38%). 21st Century Group’s largest (disclosed) exit occurred in 2011 when it sold Paris Packaging for $26M.

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M&A Summary

  • M&A Total Activity18
    • M&A Buy Activity10
    • M&A Sell Activity8
  • Total Sectors Invested 8
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 15

21st Century Group

2100 McKinney Avenue, Suite 1600,
Dallas, Texas 75201
United States,
(214)965-7999
www.21stcgfund.com
info@21stcgfund.com

21st Century Group is a private equity firm that targets lower middle-market company investments. The Firm looks for businesses generating annual sales of $15 to $150 million and valued between $15 and $100 million. Sectors of interest include manufacturing, value-added distribution, services, and media. Prospective transactions include divisions or subsidiaries of public or private companies, private companies seeking liquidity, family owned companies seeking intergeneration transfer of wealth, and take privates. 21st Century was formed in 1998 and is based in Dallas, Texas.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Business Services, Consumer Products, Consumer Services, Distribution, Food, Healthcare Services, Information Technology, Insurance, Machinery, Manufacturing, Media, Packaging, Publishing

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Going Private, Recapitalization

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue 15 150
Target EBITDA 5 20
Investment Size - -
Enterprise Value 15 100
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.0/yr) # 10 - - - - - 10
vol $357M $357M
Sell (0.2/yr) # 7 1 - - - - 8
vol $26M $26M
  18

Most Recent M&A

Company Date Value Type
Milk Specialties Co. 2016-06-27 - Secondary Buyout
Eden Prairie, Minnesota · www.milkspecialties.com
Media Source, Inc. 2014-07-16 - Unknown
Plain City, Ohio · www.mediasourceinc.com
Media Source, Inc. 2011-11-09 - Secondary Buyout
Plain City, Ohio · www.mediasourceinc.com
Milk Specialties Co. 2011-11-07 340M USD Secondary Buyout
Eden Prairie, Minnesota · www.milkspecialties.com
Paris Packaging, Inc. 2011-09-02 26M EUR Add-on Acquisition
Paris, Texas · www.parispackaging.com
Conley Lott Nichols of Texas, Inc. 2010-01-01 - Trade Sale
Dallas, Texas · www.conleylottnichols.com
Spencer N. Enterprises, Inc. 2009-08-26 - Recapitalization
El Monte, California · www.spencerhomedecor.com
Banks Broadcasting, Inc. 2009-06-01 - Trade Sale
Winnetka, Illinois
Innovative Creative Packaging Solutions, Inc. 2008-03-25 - Add-on Acquisition
South Plainfield, New Jersey · www.innovativecps.com
SirsiDynix, Inc. 2006-12-27 - Secondary Buyout
Lehi, Utah · www.sirsidynix.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Media - - 2 (20%) 17M (5%)
Packaging - - 2 (20%) -
Food - - 1 (10%) 340M (95%)
Consumer Products 1 (100%) - 1 (10%) -
Insurance - - 1 (10%) -
Machinery - - 1 (10%) -
Publishing - - 1 (10%) -
Software - - 1 (10%) -
Total 1 - 10 $357M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 2 (100%) - 11 (100%) 357M (100%)
  Texas 1 (50%) - 4 (36%) -
  California 1 (50%) - 1 (9%) -
  Minnesota - - 1 (9%) 340M (95%)
  Florida - - 1 (9%) 17M (5%)
  Utah - - 1 (9%) -
  Ohio - - 1 (9%) -
  New Jersey - - 1 (9%) -
  Illinois - - 1 (9%) -
Total 2 - 11 $357M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 1 (50%) - 8 (73%) 17M (5%)
Secondary Buyout - - 2 (18%) 340M (95%)
Recapitalization 1 (50%) - 1 (9%) -
Total 2 - 11 $357M

Exits by Deal Type

Type Total # Value
Trade Sale 3 (38%) -
Trade Sale - Public Company 2 (25%) 26M (100%)
Secondary Sale 2 (25%) -
Unknown 1 (13%) -
Total 8 $26M

Deal Values

buy # Total
$100M to $1B 1 $340M
< $100M 1 $17M
TOTAL $357M
Largest Milk Specialties Co.
$340M (2011-11-07)
sell # Total
< $100M 1 $26M
TOTAL $26M
Largest Paris Packaging, Inc.
$26M (2011-09-02)

M&A Connections

Deals %
Acquired from
PE Firm(s)
100%
2 100%
Exited to
PE Firm(s)
40%
2 40%
Strategic(s)
60%
3 60%