Centerfield Capital Partners Mergers and Acquisitions Summary

Mezzanine Finance Firm Profile

In the last 3 years, Centerfield Capital Partners has acquired 2 companies. It has also invested in 2 others.

Centerfield Capital Partners’ most common sectors for investment aredistribution (13%) and business services (11%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (49%) and recapitalization (18%). In total, Centerfield Capital Partners has invested in 20 US states. Its largest (disclosed) acquisition occurred in 2004 when it acquired Bell Automotive Products for $60M.

In the last 3 years, Centerfield Capital Partners has exited 3 companies. The Firm’s most common exit type is trade sale (57%). Centerfield Capital Partners’ largest (disclosed) exit occurred in 2011 when it sold The D.S. Brown for $96M.

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M&A Summary

  • M&A Total Activity88
    • M&A Buy Activity56
    • M&A Sell Activity32
  • Total Sectors Invested 26
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 59
  • M&A Advisors 3

Centerfield Capital Partners

10 West Market Street, 3000 Market Tower,
Indianapolis, Indiana 46204
United States
(317) 237-2323
www.centerfieldcapital.com
troy@centerfieldcapital.com

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 $4 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.


Investment Criteria

Sectors of Interest: Aerospace, Automotive, Building Materials, Business Services, Chemicals, Communications, Consumer Products, Consumer Services, Defense, Distribution, Electrical Equipment, Engineering, Environmental, Food, Furniture, Healthcare Services, Information Technology, Machinery, Manufacturing, Marine, Marketing, Media, Medical Products, Metals/Mining, Packaging, Plastics, Software, Technology Hardware, Test/Measurement Equipment, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Recapitalization, Special Situations/Distressed, Secondary Buyout, Stake Purchase

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

Transaction Criteria Min Max
Target Revenue 15 100
Target EBITDA 4 15
Investment Size 7 35
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (1.2/yr) # 50 2 - 3 - 1 56
vol $60M $60M
Sell (1.2/yr) # 26 3 1 - 1 1 32
vol $114M $64M $178M
  88

Most Recent M&A

Company Date Value Type
Battery Solutions LLC 2022-03-09 - Add-on Acquisition
Howell, Michigan · www.batterysolutions.com
Automotive Systems Warehouse LLC 2022-02-07 - Growth Capital
Pittsburgh, Pennsylvania · www.asw-partner.com
Cosmic Pet LLC 2021-10-25 - Add-on Acquisition
Wichita, Kansas · www.cosmicpet.com
BlueAlly Technology Solutions 2020-09-03 - Buyout (LBO, MBO, MBI)
Cary, North Carolina · www.blueally.com
Midwest Equipment Sales, LLC 2020-04-27 - Recapitalization
Columbus, Ohio · www.mwesales.com
Flat River Group LLC 2020-01-09 - Growth Capital
Belding, Michigan · www.flatrivergroup.com
Banner Service Corp. 2019-01-09 - Secondary Sale
Carol Stream, Illinois · www.bargrind.com
Simply Fresh Foods 2018-12-13 - Add-on Acquisition
Buena Park, California · www.simplyff.com
TCI LLC 2018-12-06 64M USD Add-on Acquisition
Milwaukee, Wisconsin · www.transcoil.com
EMPI, Inc. 2018-10-11 - Growth Capital
Anaheim, California · www.empius.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Distribution 5 (25%) - 7 (13%) -
Business Services 4 (20%) - 6 (11%) -
Consumer Products 1 (5%) - 4 (7%) -
Food 2 (10%) - 4 (7%) -
Aerospace 1 (5%) - 3 (5%) -
Building Materials 1 (5%) - 3 (5%) -
Transportation 1 (5%) - 3 (5%) -
Automotive 1 (5%) - 2 (4%) 60M (100%)
Chemicals - - 2 (4%) -
Environmental - - 2 (4%) -
Furniture - - 2 (4%) -
Healthcare Services - - 2 (4%) -
Information Technology 2 (10%) - 2 (4%) -
Metals/Mining - - 2 (4%) -
Apparel/Textiles - - 1 (2%) -
Communications - - 1 (2%) -
Electrical Equipment - - 1 (2%) -
Machinery - - 1 (2%) -
Manufacturing - - 1 (2%) -
Marketing - - 1 (2%) -
Media - - 1 (2%) -
Packaging - - 1 (2%) -
Plastics - - 1 (2%) -
Retail 1 (5%) - 1 (2%) -
Software - - 1 (2%) -
Technology Hardware 1 (5%) - 1 (2%) -
Total 20 - 56 $60M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 20 (100%) - 56 (100%) 60M (100%)
  Indiana 2 (10%) - 9 (16%) -
  California 3 (15%) - 6 (11%) -
  Michigan 2 (10%) - 6 (11%) -
  Ohio 1 (5%) - 6 (11%) -
  North Carolina 3 (15%) - 4 (7%) -
  Illinois 1 (5%) - 4 (7%) -
  New York - - 3 (5%) -
  Colorado 2 (10%) - 2 (4%) -
  Pennsylvania 1 (5%) - 2 (4%) -
  Kansas 1 (5%) - 2 (4%) -
  Wisconsin - - 2 (4%) -
  Minnesota - - 2 (4%) -
  Washington 1 (5%) - 1 (2%) -
  Texas 1 (5%) - 1 (2%) -
  Massachusetts 1 (5%) - 1 (2%) -
  Georgia 1 (5%) - 1 (2%) -
  Arizona - - 1 (2%) 60M (100%)
  Oregon - - 1 (2%) -
  Iowa - - 1 (2%) -
  Florida - - 1 (2%) -
Total 20 - 56 $60M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 6 (30%) - 27 (48%) -
Recapitalization 5 (25%) - 10 (18%) -
Growth Capital 7 (35%) - 9 (16%) -
Secondary Buyout 1 (5%) - 4 (7%) 60M (100%)
Divestiture - - 2 (4%) -
Venture - - 2 (4%) -
Consolidation - - 1 (2%) -
Stake Purchase 1 (5%) - 1 (2%) -
Total 20 - 56 $60M

Exits by Deal Type

Type Total # Value
Trade Sale 13 (41%) -
Secondary Sale 11 (34%) -
Trade Sale - Public Company 6 (19%) 178M (100%)
Bankruptcy 1 (3%) -
Recapitalization 1 (3%) -
Total 32 $178M

Top M&A Advisors

Financial Deals
Confluence Advisors LLC
1
Legal Deals
Clark Hill PLC
1
Metz Lewis Brodman Must OKeefe LLC
1

Deal Values

buy # Total
< $100M 1 $60M
TOTAL $60M
Largest Bell Automotive Products, Inc.
$60M (2004-12-09)
sell # Total
< $100M 3 $178M
TOTAL $178M
Largest The D.S. Brown Co., Inc.
$96M (2011-04-04)

M&A Connections

Deals
Acquired from
Investor(s)
9%
5 (9%)
Strategic(s)
4%
2 (4%)
Exited to
Investor(s)
28%
9 (28%)
Strategic(s)
56%
18 (56%)

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