Centre Lane Partners Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Centre Lane Partners has acquired 2 companies.

Centre Lane Partners’ most common sectors for investment are consumer products (22%) and distribution (15%). The Firm’s most common investment types include secondary buyout (36%) and buyout (lbo, mbo, mbi) (29%). In total, Centre Lane Partners has invested in 8 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2014 when it acquired Candle-lite for $28M.

In the last 3 years, Centre Lane Partners has exited 3 companies. The Firm’s most common exit type is secondary buyout (50%). Centre Lane Partners’ largest (disclosed) exit occurred in 2015 when it sold CLP Towne for $125M.

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M&A Summary

  • M&A Total Activity20
    • M&A Buy Activity14
    • M&A Sell Activity6
  • Total Sectors Invested 11
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 5
  • M&A Advisors 2

Centre Lane Partners LLC

One Grand Central Place, 60 East 42nd Street, Suite 1250,
New York, New York 10165
United States
(646) 843-0710
www.centrelanepartners.com
info@centrelanepartners.com

Centre Lane Partners is a private investment firm focused on making credit and equity, control and non-control, investments in North American middle-market companies. Centre Lane targets companies with revenues between $20 and $500 million that have leading market positions and sustainable competitive advantages in their respective niches. The Firm does not have any sector preferences and seeks to invest $5 to $250 million per transaction. Centre Lane Partners was formed in 2007 and is headquartered in New York City.


Investment Criteria

Sectors of Interest: Aerospace, Consumer Products, Distribution, Environmental, Food, Manufacturing, Marketing, Packaging, Restaurants, Transportation

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

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

Transaction Criteria Min Max
Target Revenue 20 500
Target EBITDA - -
Investment Size 5 250
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (1.2/yr) # 8 2 - 2 2 - 14
vol $28M $25M $53M
Sell (0.6/yr) # 3 - 2 - 1 - 6
vol $125M $125M
  20

Most Recent M&A

Company Date Value Type
Hollander Sleep Products LLC 2019-09-13 - Special Situations/Distressed
Boca Raton, Florida · www.hollander.com
The Merit Group, Inc. 2019-04-04 - Secondary Buyout
Spartanburg, South Carolina · www.lancasterco.com
Turning Technologies LLC 2019-01-02 - Secondary Buyout
Youngstown, Ohio · www.turningtechnologies.com
Infobase Learning 2018-01-08 - Secondary Buyout
New York, New York · www.infobasepublishing.com
Alternative Biomedical Solutions LLC 2018-01-04 - Buyout (LBO, MBO, MBI)
Carrollton, Texas · www.altbio.com
Staci SAS 2017-09-11 - Secondary Buyout
Saint-Ouen-l'Aumône, France · www.staci.com
Vitamin World, Inc. 2017-09-01 - Bankruptcy
Bohemia, New York · www.vitaminworld.com
Clickbooth.com LLC 2016-08-05 - Buyout (LBO, MBO, MBI)
Sarasota, Florida · www.clickbooth.com
Vitamin World, Inc. 2016-02-02 25M USD Divestiture
Bohemia, New York · www.vitaminworld.com
Coverall North America, Inc. 2015-11-02 - Secondary Buyout
Boca Raton, Florida · www.coverall.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Turning Technologies LLC 2019-01-02 Knowbly Learning Systems, Inc. 2020-05-28 1
Youngstown, Ohio · www.turningtechnologies.com San Rafael, California · www.knowbly.com
Lancaster Colony Corp. 2014-01-31 Omni Baking Co. LLC 2018-11-19 3
Westerville, Ohio · www.lancastercolony.com Vineland, New Jersey · www.omnibaking.com
Focus Products Group International LLC 2012-08-03 West Bend Electrics 2017-03-03 2
Vernon Hills, Illinois · www.focuspg.com Vernon Hills, Illinois
Lancaster Colony Corp. 2014-01-31 Angelic Bakehouse, Inc. 2016-11-03 2
Westerville, Ohio · www.lancastercolony.com Cudahy, Wisconsin · www.angelicbakehouse.com
Focus Products Group International LLC 2012-08-03 Focus Products Group - Kitchen Division 2016-09-16 1
Vernon Hills, Illinois · www.focuspg.com Vernon Hills, Illinois
Lancaster Colony Corp. 2014-01-31 Flatout, Inc. 2015-03-13 1
Westerville, Ohio · www.lancastercolony.com Saline, Michigan · www.flatoutbread.com
Lancaster Colony Corp. 2014-01-31 Candle-lite 2014-01-31 1
Westerville, Ohio · www.lancastercolony.com Cincinnati, Ohio · www.candle-lite.com
Focus Products Group International LLC 2012-08-03 Sure Fit, Inc. 2012-12-21 1
Vernon Hills, Illinois · www.focuspg.com Alburtis, Pennsylvania · www.surefit.net
LLFLEX LLC 2012-01-31 Oracle Packaging 2012-08-15 1
Louisville, Kentucky · www.llflex.com Winston-Salem, North Carolina · www.oraclepackaging.com

M&A by Sector

Sector Current # Value All-time # Value
Consumer Products 2 (18%) - 3 (21%) 25M (47%)
Distribution 1 (9%) - 2 (14%) -
Manufacturing 1 (9%) 28M (100%) 1 (7%) 28M (53%)
Food 1 (9%) - 1 (7%) -
Internet Software and Services 1 (9%) - 1 (7%) -
Marketing 1 (9%) - 1 (7%) -
Packaging 1 (9%) - 1 (7%) -
Restaurants 1 (9%) - 1 (7%) -
Software 1 (9%) - 1 (7%) -
Test/Measurement Equipment 1 (9%) - 1 (7%) -
Transportation - - 1 (7%) -
Total 11 $28M 14 $53M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 11 (100%) 28M (100%) 13 (93%) 53M (100%)
  Ohio 3 (27%) 28M (100%) 3 (21%) 28M (53%)
  Florida 2 (18%) - 2 (14%) -
  Texas 2 (18%) - 2 (14%) -
  New York 1 (9%) - 2 (14%) 25M (47%)
  Kentucky 1 (9%) - 1 (7%) -
  Illinois 1 (9%) - 1 (7%) -
  Pennsylvania 1 (9%) - 1 (7%) -
  South Carolina - - 1 (7%) -
France - - 1 (7%) -
Total 11 $28M 14 $53M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 4 (36%) - 5 (36%) -
Buyout (LBO, MBO, MBI) 4 (36%) - 4 (29%) -
Divestiture 2 (18%) 28M (100%) 3 (21%) 53M (100%)
Special Situations/Distressed 1 (9%) - 2 (14%) -
Total 11 $28M 14 $53M

Exits by Deal Type

Type Total # Value
Secondary Sale 3 (50%) -
Trade Sale - Public Company 1 (17%) 125M (100%)
Bankruptcy 1 (17%) -
Trade Sale 1 (17%) -
Total 6 $125M

Top M&A Advisors

Financial Deals
Alvarez & Marsal
 1
Legal Deals
Katten Muchin Rosenman LLP
 2

Deal Values

buy # Total
< $100M 2 $53M
TOTAL $53M
Largest Candle-lite
$28M (2014-01-31)
sell # Total
$100M to $1B 1 $125M
TOTAL $125M
Largest CLP Towne, Inc. (dba Towne Air Freight)
$125M (2015-03-09)

M&A Connections

Deals %
Acquired from
PE Firm(s)
73%
8 73%
Strategic(s)
27%
3 27%
Exited to
PE Firm(s)
60%
3 60%
Strategic(s)
40%
2 40%

Investor Summary

Size

Small

Established

2007

Specialist/Generalist

Generalist

Leadership

Quinn Morgan

Co-Founder & Managing Director

Kenneth Lau

Co-Founder & Managing Director

Luke Gosselin

Managing Director

Upacala Mapatuna

Managing Director

Mayank Singh

Managing Director

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