M&A Deal Summary

Charger Investment Partners Acquires CMI

On January 17, 2023, private equity firm Charger Investment Partners acquired manufacturer CMI from Heartwood Partners

Acquisition Highlights
  • This is Charger Investment Partners’ 2nd transaction in the Manufacturing sector.
  • This is Charger Investment Partners’ 4th transaction in the United States.
  • This is Charger Investment Partners’ 1st transaction in Georgia.

M&A Deal Summary
Date 2023-01-17
Target CMI
Sector Manufacturing
Buyer(s) Charger Investment Partners
Sellers(s) Heartwood Partners
Deal Type Secondary Buyout
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)

Target

CMI

Marietta, Georgia, United States
CMI is a manufacturer of marine vinyl sheet piling and benefits. CMI’s product line includes vinyl, composite, and aluminum sheet piling for cut-off & containment, flood protection, and water control as well as aluminum docks and access bridges used primarily for access to marine locations. CMI customers include distributors, contractors, engineering firms, commercial institutions (hotels, oil refineries, etc), and government entities. CMI was founded in 1987 and is based in Marietta, Georgia.

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Buyer(S) 1

Buyer

Charger Investment Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Charger Investment Partners is a private investment firm focused on middle-market private and public transactions across North America. The Firm will consider a variety of transaction situations including corporate divestitures, recapitalizations, management buyouts and private sales. Prospective companies are generally profitable with sales up to $350 million and EBITDA up to $35 million. Charger Investment Partners is based in Hermosa Beach, California.

DEAL STATS #
Overall 4 of 7
Sector (Manufacturing) 2 of 2
Type (Secondary Buyout) 1 of 4
State (Georgia) 1 of 1
Country (United States) 4 of 7
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-03 PerTronix

San Dimas, California, United States

Pertronix is a designer and manufacturer of performance aftermarket automotive products with market-leading brands in Ignition, Exhaust, and Fuel Systems categories including PerTronix Ignition, Aeromotive Fuel Systems, Waterman, Taylor Cable Products, Doug’s Original Headers, JBA Performance Exhaust, Patriot Exhaust, Compu-Fire, and Spyke. PerTronix was founded in 1962 and is based in San Dimas, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-07 Unitech Composites

Hayden, Idaho, United States

Unitech Composites designs develop and manufacture high-performance parts and assemblies for the aerospace and defense industries. Unitech Composites specializes in composite and metal parts for all segments of the aircraft industry, including new production and aftermarket service for both commercial and defense aircraft. Unitech Composites was founded in 1980 and is based in Hayden, Idaho.

Buy -

Seller(S) 1

SELLER

Heartwood Partners

Norwalk, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Heartwood Partners is a private equity firm focused on partnerships with middle-market companies across the US. The Firm prefers to invest in family owned and managed companies where it can leverage strategic resources for long-term growth. Target companies are typically profitable with $5 to $30 million of EBITDA with up to $400 million in revenue. Sectors of interest include agriculture, automotive, consumer products, distribution, food, industrial services, niche manufacturing, packaging, and chemicals. Heartwood Partners was formed in 1982 and is headquartered in Norwalk, Connecticut.

DEAL STATS #
Overall 18 of 20
Sector (Manufacturing) 5 of 5
Type (Secondary Buyout) 8 of 9
State (Georgia) 1 of 1
Country (United States) 18 of 20
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-22 Amlon Group

Plano, Texas, United States

Amlon Group is a provider of recycling, processing, treatment, and management of metal and non-metal bearing industrial and hazardous waste streams. Amlon Group is comprised of two closely integrated operating segments that play to this macro trend Amlon Resources Group LLC ("ARG") and Alpha Omega Recycling Inc. (AORI). Amlon Group is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-27 NativeSeed

Carpinteria, California, United States

NativeSeed is a provider of native seeds and erosion control products used in land reclamation and conservation, as well as various construction, commercial, and consumer applications. The Company goes to market under various brands, including Granite Seed, S&S Seeds, and Pacific Coast Seed, among others, each of which provides native seeds to a diverse group of landowners, energy companies, state & federal agencies, environmental engineers, and contractors, with a particularly strong presence throughout the Western U.S. Additional brands such as Kamprath Seed and Bruce Seed serve the agriculture market with cover crop seed blends to assist in pollination and soil health. Its Nature’s Seed brand sells flower, turf, hunting, and grazing seed blends to homeowners, hobby farmers, and smaller rural landowners throughout the United States. NativeSeed is based in Carpinteria, California.

Buy -
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