Altus Capital Partners Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Altus Capital Partners has acquired 3 companies.

Altus Capital Partners’ most common sectors for investment are building materials (22%) and automotive (11%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (43%) and secondary buyout (32%). In total, Altus Capital Partners has invested in 12 US states. Its largest (disclosed) acquisition occurred in 2017 when it acquired MGC Diagnostics for $50M.

In the last 3 years, Altus Capital Partners has exited 2 companies. The Firm’s most common exit type is trade sale (50%). Altus Capital Partners’ largest (disclosed) exit occurred in 2010 when it sold Gichner Shelter Systems for $133M.

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M&A Summary

  • M&A Total Activity29
    • M&A Buy Activity19
    • M&A Sell Activity10
  • Total Sectors Invested 12
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 13
  • M&A Advisors 3

Altus Capital Partners

10 Westport Road, Suite C204,
Wilton, Connecticut 06897
United States,
(203)429-2000
www.altuscapitalpartners.com
rgreenberg@altuscapitalpartners.com

Altus Capital Partners is a private equity firm focused on acquiring and investing in medium sized North American-based manufacturing companies. Altus looks for businesses with EBITDA of at least $4 million and valued between $25 and $100 million. Typical transaction types include buyouts, recapitalizations, consolidations, and divestitures. Alta Capital was formed in 2003 and has offices in Wilton, Connecticut and Lincolnshire, Illinois.


Investment Criteria

Sectors of Interest: Aerospace, Building Materials, Chemicals, Construction, Consumer Products, Distribution, Electronics, Engineering, Machinery, Manufacturing, Metals/Mining, Plastics, Test/Measurement Equipment

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Recapitalization, Stake Purchase

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

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 4 -
Investment Size - -
Enterprise Value 25 100
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (1.0/yr) # 14 1 2 1 1 - 19
vol $67M $50M $117M
Sell (0.6/yr) # 7 1 1 1 - - 10
vol $285M $117M $402M
  29

Most Recent M&A

Company Date Value Type
Thermal Solutions Manufacturing, Inc. 2019-03-04 - Secondary Buyout
Nashville, Tennessee · www.thermalsolutionsmfg.com
International Imaging Materials, Inc. 2018-12-11 - Secondary Buyout
Amherst, New York · www.iimak.com
ChoiceSpine LP 2018-11-20 - Buyout (LBO, MBO, MBI)
Knoxville, Tennessee · www.choicespine.com
MGC Diagnostics Corp. 2017-11-27 50M USD Going Private
Saint Paul, Minnesota · www.mgcdiagnostics.com
Prism Plastics, Inc. 2017-04-03 - Add-on Acquisition
Chesterfield, Michigan · www.prismplastics.com
MAX Environmental Technologies, Inc. 2017-02-07 - Buyout (LBO, MBO, MBI)
Pittsburgh, Pennsylvania · www.maxenvironmental.com
Rocla Concrete Tie, Inc. 2016-12-05 117M USD Add-on Acquisition
Denver, Colorado · www.roclatie.com
Nichols Portland 2016-03-10 - Divestiture
Portland, Maine
GED Integrated Solutions, Inc. 2015-06-11 - Secondary Buyout
Twinsburg, Ohio · www.gedusa.com
Aqua-Chem, Inc. 2014-08-28 - Secondary Buyout
Knoxville, Tennessee · www.aqua-chem.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Thermal Solutions Manufacturing, Inc. 2019-03-04 Alfa Laval Champ, Inc. 2020-01-09 1
Nashville, Tennessee · www.thermalsolutionsmfg.com Sarasota, Florida · www.alfalaval.com

M&A by Sector

Sector Current # Value All-time # Value
Building Materials - - 4 (21%) -
Medical Products 2 (22%) 50M (62%) 2 (11%) 50M (43%)
Plastics 1 (11%) 31M (38%) 2 (11%) 31M (26%)
Automotive 2 (22%) - 2 (11%) -
Manufacturing 1 (11%) - 2 (11%) -
Machinery - - 1 (5%) 36M (31%)
Aerospace 1 (11%) - 1 (5%) -
Business Services - - 1 (5%) -
Engineering - - 1 (5%) -
Environmental 1 (11%) - 1 (5%) -
Information Technology 1 (11%) - 1 (5%) -
Metals/Mining - - 1 (5%) -
Total 9 $81M 19 $117M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 9 (100%) 81M (100%) 19 (100%) 117M (100%)
  Tennessee 2 (22%) - 3 (16%) -
  Pennsylvania 1 (11%) - 3 (16%) 36M (31%)
  Michigan 1 (11%) - 3 (16%) -
  Ohio 1 (11%) - 2 (11%) -
  Minnesota 1 (11%) 50M (62%) 1 (5%) 50M (43%)
  Georgia 1 (11%) 31M (38%) 1 (5%) 31M (26%)
  Maine 1 (11%) - 1 (5%) -
  Texas 1 (11%) - 1 (5%) -
  New York - - 1 (5%) -
  New Jersey - - 1 (5%) -
  Indiana - - 1 (5%) -
  Colorado - - 1 (5%) -
Total 9 $81M 19 $117M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 3 (33%) - 8 (42%) 36M (31%)
Secondary Buyout 3 (33%) - 6 (32%) -
Divestiture 1 (11%) - 2 (11%) -
Going Private 1 (11%) 50M (62%) 1 (5%) 50M (43%)
Recapitalization 1 (11%) 31M (38%) 1 (5%) 31M (26%)
Stake Purchase - - 1 (5%) -
Total 9 $81M 19 $117M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 4 (40%) 346M (86%)
Secondary Sale 4 (40%) 56M (14%)
IPO 1 (10%) -
Trade Sale 1 (10%) -
Total 10 $402M

Top M&A Advisors

Financial Deals
P&M Corporate Finance LLC
 1
Legal Deals
Benesch, Friedlander, Coplan & Aronoff LLP
 2
Miller, Johnson, Snell & Commiskey, PLC
1

Deal Values

buy # Total
< $100M 3 $117M
TOTAL $117M
Largest MGC Diagnostics Corp.
$50M (2017-11-27)
sell # Total
$100M to $1B 2 $250M
< $100M 2 $152M
TOTAL $402M
Largest Gichner Shelter Systems, Inc.
$133M (2010-05-10)

M&A Connections

Deals %
Acquired from
PE Firm(s)
83%
10 83%
Strategic(s)
17%
2 17%
Exited to
PE Firm(s)
50%
5 50%
Strategic(s)
50%
5 50%

Investor Summary

Size

Middle-Market

PE Assets

280M USD

Established

2003

Specialist/Generalist

Specialist

Leadership

Russell J. Greenberg

Co-Founder & Managing Partner

Gregory L. Greenberg

Co-Founder & Senior Partner

Peter Polimino

Partner & CFO, CCO

Heidi M. Goldstein

Partner

Thomas R. Groh

Partner

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