Capitala Group Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Capitala Group has acquired 1 company. It has also invested in 1 other.

Capitala Group’s most common sectors for investment are business services (12%) and manufacturing (9%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (51%) and growth capital (17%). In total, Capitala Group has invested in 23 US states and 3 different countries. Its largest (disclosed) acquisition occurred in 2008 when it acquired Media Market Group for $9M.

In the last 3 years, Capitala Group has exited 8 companies. The Firm’s most common exit type is trade sale (37%). Capitala Group’s largest (disclosed) exit occurred in 2011 when it sold FURminator for $140M.

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M&A Summary

  • M&A Total Activity92
    • M&A Buy Activity59
    • M&A Sell Activity33
  • Total Sectors Invested 30
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 57
  • M&A Advisors 1

Capitala Group

4201 Congress Street, Suite 360,
Charlotte, North Carolina 28209
United States,
(704)376-5502
www.capitalagroup.com
info@capitalagroup.com

Capitala Group is an asset manager that provides equity and mezzanine capital to mid-sized companies valued up to $250 million. Funds are generally used to support growth needs, add-on acquisitions, management/leveraged buyouts, and recapitalizations. Capitatala will invest across the US, but generally targets opportunities located in the Southeast. Industry preferences include building products, business services, consumer/reteail, general industrial, healthcare, and technology. Prospective companies typically have revenues greater than $10 million and EBITDA of at least $3 million. Capitala was formed in 1998 and is headquartered in Charlotte, North Carolina.


Investment Criteria

Sectors of Interest: Agriculture, Beverages, Building Materials, Business Services, Chemicals, Communications, Consumer Products, Consumer Services, Diversified, Education, Electrical Equipment, Energy Services and Equipment, Financial Services, Food, Healthcare Services, Information Technology, Internet Software and Services, Leisure, Life Science, Machinery, Manufacturing, Marketing, Medical Products, Oil/Gas Exploration, Plastics, Restaurants, Retail, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Recapitalization, Acquisition Financing, PIPE, Secondary Buyout

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

Transaction Criteria Min Max
Target Revenue 10 -
Target EBITDA 3 -
Investment Size 2 50
Enterprise Value - 250
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.8/yr) # 55 2 - - 2 - 59
vol $9M $9M
Sell (2.2/yr) # 22 3 3 2 3 - 33
vol $140M $88M $228M
  92

Most Recent M&A

Company Date Value Type
Source Support Services 2019-12-12 - Growth Capital
Lawrenceville, Georgia · www.sourcesupport.com
Fresh Dining Concepts LLC 2019-12-03 - Unknown
Miami, Florida
BTM Company LLC 2019-11-13 - Unknown
Marysville, Michigan · www.btmcomp.com
US Bath Group LLC 2019-06-19 - Secondary Buyout
Fairland, Indiana · www.mplcompany.net
Jurassic Quest Holdings LLC 2019-05-22 - Buyout (LBO, MBO, MBI)
Spring, Texas · www.jurassicquest.com
Simply Fresh Foods 2018-12-13 - Add-on Acquisition
Buena Park, California · www.simplyff.com
City Gear LLC 2018-10-29 88M USD Add-on Acquisition
Memphis, Tennessee · www.citygear.com
The Penray Companies, Inc. 2017-06-01 - Add-on Acquisition
Downers Grove, Illinois · www.penray.com
Matilda Jane Clothing 2017-05-04 - Secondary Buyout
Fort Wayne, Indiana · www.matildajaneclothing.com
Highwinds Network Group, Inc. 2017-02-06 - Add-on Acquisition
Winter Park, Florida · www.highwinds.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Xirgo Technologies LLC 2016-12-01 UAB Baltic Car Equipment Ltd. 2019-06-19 1
Camarillo, California · www.xirgotech.com Kaunas, Lithuania · www.bce.lt
Medical Depot, Inc. (dba Drive Medical) 2011-10-11 Sidhil Ltd. 2017-01-09 16
Port Washington, New York · www.drivemedical.com Halifax, United Kingdom · www.sidhil.com
Medical Depot, Inc. (dba Drive Medical) 2011-10-11 AMG Medical, Inc. - DME Brand Business 2016-10-17 15
Port Washington, New York · www.drivemedical.com , Quebec
Medical Depot, Inc. (dba Drive Medical) 2011-10-11 HurryWorks LLC 2015-08-25 14
Port Washington, New York · www.drivemedical.com Port Washington, New York · www.hurrycane.com
Medical Depot, Inc. (dba Drive Medical) 2011-10-11 DeVilbiss Healthcare LLC 2015-07-02 13
Port Washington, New York · www.drivemedical.com Somerset, Pennsylvania · www.devilbisshealthcare.com
Medical Depot, Inc. (dba Drive Medical) 2011-10-11 Columbia Medical 2015-04-10 12
Port Washington, New York · www.drivemedical.com Santa Fe Springs, California · www.columbiamedical.com
Medical Depot, Inc. (dba Drive Medical) 2011-10-11 Park House Healthcare Ltd. 2015-04-01 11
Port Washington, New York · www.drivemedical.com Birkenshaw, United Kingdom · www.parkhouse-hc.com
Medical Depot, Inc. (dba Drive Medical) 2011-10-11 Specialised Orthotic Services Ltd. 2015-01-26 10
Port Washington, New York · www.drivemedical.com Tutbury, United Kingdom · www.specialisedorthoticservices.co.uk
Medical Depot, Inc. (dba Drive Medical) 2011-10-11 Primus Medical LLC 2014-12-15 9
Port Washington, New York · www.drivemedical.com Boardman, Ohio · www.primusmedical.com
Medical Depot, Inc. (dba Drive Medical) 2011-10-11 Dupont Médical S.A. 2014-07-08 8
Port Washington, New York · www.drivemedical.com Frouard, France · www.dupont-medical.com

M&A by Sector

Sector Current # Value All-time # Value
Business Services 5 (22%) - 7 (12%) -
Manufacturing 3 (13%) - 5 (8%) -
Apparel/Textiles - - 3 (5%) -
Building Materials 1 (4%) - 3 (5%) -
Distribution 1 (4%) - 3 (5%) -
Food 1 (4%) - 3 (5%) -
Internet Software and Services - - 3 (5%) -
Agriculture 1 (4%) - 2 (3%) -
Chemicals - - 2 (3%) -
Consumer Products - - 2 (3%) -
Electrical Equipment 1 (4%) - 2 (3%) -
Machinery 1 (4%) - 2 (3%) -
Marketing 1 (4%) - 2 (3%) -
Media 2 (9%) - 2 (3%) -
Medical Products 2 (9%) - 2 (3%) -
Retail - - 2 (3%) -
Leisure 1 (4%) 9M (100%) 1 (2%) 9M (100%)
Aerospace 1 (4%) - 1 (2%) -
Consumer Services - - 1 (2%) -
Electronics - - 1 (2%) -
Energy Services and Equipment 1 (4%) - 1 (2%) -
Environmental - - 1 (2%) -
Franchising - - 1 (2%) -
Healthcare Services - - 1 (2%) -
Information Services - - 1 (2%) -
Information Technology - - 1 (2%) -
Plastics - - 1 (2%) -
Restaurants - - 1 (2%) -
Software - - 1 (2%) -
Technology Hardware 1 (4%) - 1 (2%) -
Total 23 $9M 59 $9M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 23 (100%) 9M (100%) 57 (97%) 9M (100%)
  North Carolina 4 (17%) - 7 (12%) -
  Florida 3 (13%) - 7 (12%) -
  Georgia 4 (17%) - 6 (10%) -
  California 3 (13%) 9M (100%) 6 (10%) 9M (100%)
  Texas 2 (9%) - 4 (7%) -
  Tennessee - - 3 (5%) -
  South Carolina - - 3 (5%) -
  Connecticut 2 (9%) - 2 (3%) -
  Missouri - - 2 (3%) -
  Louisiana - - 2 (3%) -
  Indiana - - 2 (3%) -
  Colorado - - 2 (3%) -
  Wisconsin 1 (4%) - 1 (2%) -
  Washington 1 (4%) - 1 (2%) -
  New York 1 (4%) - 1 (2%) -
  Mississippi 1 (4%) - 1 (2%) -
  Kentucky 1 (4%) - 1 (2%) -
  Ohio - - 1 (2%) -
  New Jersey - - 1 (2%) -
  Nevada - - 1 (2%) -
  Michigan - - 1 (2%) -
  Kansas - - 1 (2%) -
  Illinois - - 1 (2%) -
United Kingdom - - 1 (2%) -
Canada - - 1 (2%) -
  Ontario - - 1 (2%) -
Domestic 23 (100%) 9M (100%) 57 (97%) 9M (100%)
Cross-border - - 2 (3%) -
Total 23 $9M 59 $9M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 13 (57%) 9M (100%) 30 (51%) 9M (100%)
Growth Capital 3 (13%) - 10 (17%) -
Recapitalization 3 (13%) - 6 (10%) -
Secondary Buyout 2 (9%) - 5 (8%) -
Stake Purchase 1 (4%) - 3 (5%) -
Venture - - 3 (5%) -
Divestiture 1 (4%) - 2 (3%) -
Total 23 $9M 59 $9M

Exits by Deal Type

Type Total # Value
Secondary Sale 11 (33%) -
Trade Sale 10 (30%) 140M (61%)
Unknown 7 (21%) -
Trade Sale - Public Company 2 (6%) 88M (39%)
IPO 2 (6%) -
Recapitalization 1 (3%) -
Total 33 $228M

Top M&A Advisors

Legal Deals
K&L Gates LLP
1

Deal Values

buy # Total
< $100M 1 $9M
TOTAL $9M
Largest Media Market Group
$9M (2008-01-29)
sell # Total
$100M to $1B 1 $140M
< $100M 1 $88M
TOTAL $228M
Largest FURminator, Inc.
$140M (2011-12-22)

M&A Connections

Deals %
Acquired from
PE Firm(s)
89%
8 89%
Strategic(s)
11%
1 11%
Exited to
PE Firm(s)
58%
18 58%
Strategic(s)
42%
13 42%