M&A Deal Summary

Brighton Partners Acquires Ray Allen Manufacturing

On May 24, 2024, private equity firm Brighton Partners acquired manufacturer Ray Allen Manufacturing from Benford Capital Partners and Coppermine Capital

Acquisition Highlights
  • This is Brighton Partners’ 1st transaction in the Manufacturing sector.
  • This is Brighton Partners’ 9th transaction in the United States.
  • This is Brighton Partners’ 3rd transaction in Colorado.

M&A Deal Summary
Date 2024-05-24
Target Ray Allen Manufacturing
Sector Manufacturing
Buyer(s) Brighton Partners
Sellers(s) Benford Capital Partners
Coppermine Capital
Deal Type Secondary Buyout
Advisor(s) Mesirow Financial Holdings, Inc. (Financial)
Ice Miller (Legal)

Target

Ray Allen Manufacturing

Colorado Springs, Colorado, United States
Ray Allen Manufacturing is a manufacturer and direct marketer of professional canine training products to the law enforcement, military, and working dog niche markets. Ray Allen Manufacturing was founded in 1948 and is based in Colorado Springs, Colorado.

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Buyer(S) 1

Buyer

Brighton Partners

Atlanta, Georgia, United States

Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 21M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Brighton Partners is a private equity firm that targets investments in smaller companies with annual revenues of $10 to $30 million. Brighton looks to make control investments in later-stage companies not driven by rapid changes in technology. The Firm prefers opportunities located in the Southeast, Mid-Atlantic, or Midwest US. Prospective transaction situations include buyouts and recapitalizations. Brighton Partners was formed in 2003 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 9 of 9
Sector (Manufacturing) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Colorado) 3 of 3
Country (United States) 9 of 9
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-19 PSA Worldwide

Colorado Springs, Colorado, United States

PSA Worldwide create awareness for programs which educate on sexual assault prevention, domestic and dating violence prevention, substance abuse prevention, child abuse, bullying, suicide prevention, and overall wellness! PSA Worldwide is based in Colorado Springs, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-16 US Tarp

South Haven, Michigan, United States

US Tarp is a designer, manufacturer, and distributor of load containment and cargo protection tarping systems, controls, and tarps for commercial vehicle applications. US Tarp was established in 2001 and is based in South Haven, Michigan.

Sell -

Seller(S) 2

SELLER

Benford Capital Partners

Chicago, Illinois, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Benford Capital Partners is a private equity investment firm focused on leveraged buyouts and recapitalizations of smaller, lower middle-market companies in the US and Canada. Benford targets niche manufacturers, unique service companies and specialty distributors with minimum sales of $3 million, and at least $1 million in EBITDA. Avoided industries/transactions include retail, restaurants, software, start-ups, real estate, commodity products, and biotech. Benford Capital Partners was formed in 2004 and is based in Chicago, Illinois.

DEAL STATS #
Overall 9 of 9
Sector (Manufacturing) 1 of 1
Type (Secondary Buyout) 4 of 4
State (Colorado) 3 of 3
Country (United States) 9 of 9
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-03 R.M. Young

Traverse City, Michigan, United States

R.M. Young is a manufacturer of precision meteorological instrumentation offering a portfolio of products used to measure wind speed and direction, temperature, humidity, precipitation, pressure, visibility, and other critical environmental parameters. The Company sells its products to a diverse set of customers in the U.S. and internationally. R.M. Young was formed in 1964 and is based in Traverse City, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-05 Turri’s

Roseville, Michigan, United States

Turri’s provides IQF (“individually quick frozen”) pasta and rice to a diverse customer base, including food manufacturing companies, large CPGs, restaurant chains, national retailers, and distributors. Turri’s is based in Roseville, Michigan.

Buy -
SELLER

Coppermine Capital

Concord, Massachusetts, United States
Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Coppermine Capital LLC is a private investment firm that invests in small to mid-size manufacturing and service companies located in the US and Canada. Coppermine focuses on companies with strong management teams and unique market positions with revenues between $5 and $25 million and EBITDA greater than $1 million. Coppermine invests in the range of $2 to $8 million per transaction. The Firm will consider a variety of transaction types, including buyouts, growth capital, recapitalizations and corporate divestitures. Coppermine Capital LLC was formed in 2002 and is based in Concord, Massachusetts.

DEAL STATS #
Overall 7 of 7
Sector (Manufacturing) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Colorado) 2 of 2
Country (United States) 7 of 7
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-03 U.S. Underwater

Mansfield, Texas, United States

U.S. Underwater is a provider of underwater inspection and maintenance & repair services. The company serves inland and offshore markets. U.S. Underwater was founded in 1988 and is based in Mansfield, Texas.

Sell -
Mergr

Product

Company

Legal