M&A Deal Summary |
|
|---|---|
| Date | 2018-12-06 |
| Target | TCI |
| Sector | Electrical Equipment |
| Buyer(s) | Allient |
| Sellers(s) |
Centerfield Capital Partners
Prism Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 64M USD |
| Advisor(s) | CIBC Cleary Gull (Financial) |
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| Category | Company |
|---|---|
| Founded | 1962 |
| Sector | Manufacturing |
| Employees | 2,254 |
| Revenue | 503M USD (2022) |
Allient is a designer and manufacturer of motor and servo motion products for the commercial, industrial, and aerospace and defense markets. Allient was founded in 1962 and is based in Amherst, New York.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 15 |
| Sector (Electrical Equipment) | 5 of 7 |
| Type (Add-on Acquisition) | 4 of 12 |
| State (Wisconsin) | 1 of 2 |
| Country (United States) | 5 of 13 |
| Year (2018) | 2 of 2 |
| Size (of disclosed) | 3 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-19 |
Maval Industries - Original Equipment Steering Business
Twinsburg, Ohio, United States Maval Industries LLC - Original Equipment Steering Business provider of a streamlined supply base and single point of contact for all their steering needs. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-03-09 |
Invacare - Dynamic Controls Business
Elyria, Ohio, United States Invacare Corp.'s Dynamic Controls Business is a manufacturer of electromotive technology products. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2001 |
| PE ASSETS | 800M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.
| DEAL STATS | # |
|---|---|
| Overall | 29 of 39 |
| Sector (Electrical Equipment) | 1 of 1 |
| Type (Add-on Acquisition) | 16 of 21 |
| State (Wisconsin) | 2 of 2 |
| Country (United States) | 29 of 39 |
| Year (2018) | 2 of 3 |
| Size (of disclosed) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-01 |
WF Cabinetry
Alexander City, Alabama, United States WF Cabinetry is a designer and manufacturer of semi-custom cabinets serving the single-family residential market exclusively through the dealer channel. Wellborn provides kitchen and bathroom cabinetry to the new construction and remodeling markets directly through independent sales agencies to a large network of kitchen and bath dealers. WF Cabinetry is based in Alexander City, Alabama. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-12-13 |
Simply Fresh Foods
Buena Park, California, United States Simply Fresh Foods produces fresh, all-natural foods for fast-growing segments of the refrigerated products market across a wide range of channels. The company markets its products under several brands. The Rojo’s brand encompasses innovative salsas and dips and is a top label of fresh salsa and layered dips. The company’s San Francisco brand covers a line of seafood salads and has been on the market since 1987. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 190M USD |
| Size | Small |
| Type | Sector Agnostic |
Prism Capital is a licensed SBIC investment firm focused on providing equity and mezzanine capital to lower middle market companies. Prism's Mezzanine practice looks to provide up to $7 million in financing for Midwest based mature industrial companies. Mezzanine capital is typically invested to support internal growth, recapitalizations, mergers, acquisitions and ownership changes. Prism also provides equity of $2 to $15 million through an Opportunity Fund. The Opportunity Fund invests in expansion stage IT companies as well as traditional manufacturing and service businesses with growth opportunities. Prism Capital was formed in 1999 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 28 of 30 |
| Sector (Electrical Equipment) | 1 of 1 |
| Type (Add-on Acquisition) | 17 of 18 |
| State (Wisconsin) | 3 of 3 |
| Country (United States) | 28 of 30 |
| Year (2018) | 2 of 3 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-08-21 |
Vandor
Salt Lake City, Utah, United States Vandor LLC is a designer and distributor that creates licensed home products including drinkware, sculpted collectibles, kitchenware, and home décor. Vandor introduces hundreds of new designs annually for distribution in the United States and Canada. Founded in 1957, they have over 60 years of industry experience. Based in Salt Lake City, Utah, with offices in China and the Philippines, Vandor has built an organization dedicated to exceptional quality in products and service. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-12-10 |
Via seating
Sparks, Nevada, United States Via seating is a manufacturer of chairs in the categories of executive, conference, task, multipurpose, lounge, and motion. Via seating was founded in 1987 and is based in Sparks, Nevada. |
Sell | - |
