M&A Deal Summary

Charger Investment Partners Acquires Unitech Composites

On November 7, 2023, private equity firm Charger Investment Partners acquired aerospace company Unitech Composites from The Edgewater Funds, Caltius Structured Capital and Acorn Growth Companies

Acquisition Highlights
  • This is Charger Investment Partners’ 1st transaction in the Aerospace sector.
  • This is Charger Investment Partners’ 5th transaction in the United States.
  • This is Charger Investment Partners’ 1st transaction in Idaho.

M&A Deal Summary

Date 2023-11-07
Target Unitech Composites
Sector Aerospace
Buyer(s) Charger Investment Partners
Sellers(s) The Edgewater Funds
Caltius Structured Capital
Acorn Growth Companies
Deal Type Secondary Buyout
Advisor(s) KAL Capital Markets LLC (Financial)

Target

Unitech Composites

Hayden, Idaho, United States
website
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.

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Buyer(S) 1

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 5 of 6
Sector (Aerospace) 1 of 1
Type (Secondary Buyout) 2 of 3
State (Idaho) 1 of 1
Country (United States) 5 of 6
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-17 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-21 SBG Holdings

Rockford, Tennessee, United States

SBG Holdings is a holding company of subsidiary trade brands providing consumables and associated equipment for the ongoing maintenance, conversion and placement of concrete flooring and other hardscapes through its industry-leading brands of SASE and Bartell Global. SBG Holdings is based in Rockford, Tennessee.

Buy -

Seller(S) 3

SELLER

The Edgewater Funds

Chicago, Illinois, United States

website


Category Private Equity Firm
Founded 1991
PE ASSETS 2.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Edgewater Funds is a private equity firm that targets investments in profitable, middle-market growth companies. Target companies typically have revenues of $20 to $500 million in revenue and EBITDA of $5 to $30 million. The Firm will consider minority and control investments in the form of growth capital financings and traditional buyouts. Edgewater looks for North American businesses operating in a variety of industries. Sectors of interest include business services; financial and government services; consumer products and services; healthcare; IT services and software; and industrial/manufacturing. Edgewater was formed in 1991 and is based in Chicago, Illinois.


DEAL STATS #
Overall 40 of 40
Sector (Aerospace) 1 of 1
Type (Secondary Buyout) 16 of 16
State (Idaho) 1 of 1
Country (United States) 39 of 39
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-01 Turbine Engine Specialists

Fort Worth, Texas, United States

Turbine Engine Specialists is an aftermarket solutions provider of inventory-supported maintenance, repair, overhaul, rental, and distribution services to the global private aviation market. TES was founded in 2001 and is based in Fort Worth, Texas.

Buy -
SELLER

Caltius Structured Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Caltius Structured Capital is an investment firm focused on providing junior debt and minority equity to lower middle-market companies throughout North America. The Firm looks to invest between $7 to $50 million in companies with revenues of $15 to $250 million. The Firm pursues a variety of transaction types, including management buyouts, growth financings, and acquisition financings. Sectors of interest include business services, consumer products/services, healthcare services, manufacturing, tech-enabled services, and staffing. Caltius Structured Capital was formed in 1997 and is based in Los Angeles, California.


DEAL STATS #
Overall 32 of 32
Sector (Aerospace) 1 of 1
Type (Secondary Buyout) 13 of 13
State (Idaho) 3 of 3
Country (United States) 32 of 32
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-05 Profitable Ideas Exchange

Bozeman, Montana, United States

Profitable Ideas Exchange is a provider of business development services for consulting and professional services firms. Profitable Ideas Exchange was founded in 2001 and is based in Bozeman, Montana.

Buy -
DESCRIPTION

Acorn Growth Company is a private equity group focused on aerospace and defense opportunities. Acorn looks specifically for companies engaged in aerospace parts manufacturing, aircraft modification and upgrades, engineering services, logistics, procurement and maintenance, repair, and overhaul. Acorn Growth was established in 2005 and is headquartered in Oklahoma City, Oklahoma.


DEAL STATS #
Overall 6 of 6
Sector (Aerospace) 2 of 2
Type (Secondary Buyout) 3 of 3
State (Idaho) 3 of 3
Country (United States) 5 of 5
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-11 EirTrade

Dublin, Ireland

EirTrade is a global aviation asset managers, leasing companies, airlines, and other industry participants, a full suite of end-of-life solutions for aviation assets with expertise and a robust track record across multiple aeroengine and airframe models. EirTrade was formed in 2010 and is based in Dublin, Ireland.

Buy -