M&A Deal Summary

Capital Partners and Argosy Private Equity Acquires American Leather Operations

On July 23, 2012, private equity firms Capital Partners, Inc. and Argosy Private Equity acquired furniture company American Leather Operations LLC

Acquisition Highlights
  • This is Capital Partners’ 1st and Argosy Private Equity’s 1st transaction in the Furniture sector.
  • This is Capital Partners’ 12th and Argosy Private Equity’s 45th transaction in the United States.
  • This is Capital Partners’ 1st and Argosy Private Equity’s 4th transaction in Texas.

M&A Deal Summary

Date 2012-07-23
Target American Leather Operations LLC
Sector Furniture
Buyer(s) Capital Partners, Inc.
Argosy Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

American Leather Operations LLC

Dallas, Texas, United States
website
American Leather Operations LLC is a designer and manufacturer of high-end, made-to-order, upholstered furniture sold through private label, retail, and hospitality channels. American Leather Operation was founded in 1990 and is based in Dallas, United States.

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Buyer(S) 2

Buyer

Capital Partners, Inc.

Norwalk, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1982
PE ASSETS 600M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Capital Partners is a private equity investment firm that specializes in the acquisition and development of small and mid-sized companies. The Firm looks for North American businesses with revenues of $20 to $250 million with operating profits of $4 to $25 million. Prospective companies generally have low capex requirements with the ability to maintain or grow profit margins. Target sectors include Manufacturing, Services, Distribution, Consumer, Food, and general service companies. Capital Partners was formed in 1982 and is based in Norwalk, Connecticut.


DEAL STATS #
Overall 12 of 23
Sector (Furniture) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 6 of 10
State (Texas) 1 of 1
Country (United States) 12 of 23
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-01 Linen Holdings LLC

Gibbsboro, New Jersey, United States

Linen Holdings is a high service supplier of bath, bed and table linens and other textile products primarily on a replacement basis to small and mid-sized U.S. accounts in the hospitality, health care, government and school sectors.

Sell $105M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-19 AMES Group LLC

Wilmington, North Carolina, United States

AMES is a specialty maintenance company which provides critical valve inspection and testing, preventative maintenance and repair solutions to the U.S. commercial nuclear power industry.

Sell -
Buyer

Argosy Private Equity

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1990
PE ASSETS 575M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Argosy Private Equity is the private equity arm of Argosy Capital, an asset management firm. Argosy Private Equity provides both debt and equity capital to lower middle-market companies located throughout the US. Argosy focuses on growth companies with experienced management teams and revenues between $15 and $100 million and EBITDA of $3 to $9 million. Argosy looks to invest $5 - $20 million per transaction. Specific areas of interest include manufacturing, business services, franchising and Value added distributions. The Firm will consider a variety of transaction types, including MBO’s, recapitalizations, growth equity and acquisitions. Argosy was formed in 1990 and is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 45 of 72
Sector (Furniture) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 30 of 41
State (Texas) 4 of 7
Country (United States) 45 of 72
Year (2012) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-12 Kmco LLC

Houston, Texas, United States

Kmco LLC is an operator of specialty chemical company serving the automotive, petroleum, industrial, and agricultural markets. Kmco was founded in 1975 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-06 Atlantic Diagnostic Laboratories LLC

Bensalem, Pennsylvania, United States

Atlantic Diagnostic Laboratories is a provider of clinical testing laboratory specializing in high-end toxicology tests, including drug testing for methadone clinics, behavioral centers and pain management treatment, and clinical testing for hospitals and physician offices. Atlantic Diagnostic Laboratories was founded in 1979 and is based in Bensalem, Pennsylvania.

Buy -