Charter Oak Equity Mergers and Acquisitions Summary

Private Equity Profile

Charter Oak Equity’s most common sectors for investment are manufacturing (20%) and chemicals (10%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (71%) and venture (17%). In total, Charter Oak Equity has invested in 18 US states and 2 different countries.

In the last 3 years, Charter Oak Equity has exited 3 companies. The Firm’s most common exit type is unknown (50%). Charter Oak Equity’s largest (disclosed) exit occurred in 2012 when it sold Milwaukee Gear for $80M.

Join Mergr to view Charter Oak Equity’s full profile and discover more middle-market private equity firms just like it.

M&A Summary

  • M&A Total Activity53
    • M&A Buy Activity31
    • M&A Sell Activity22
  • Total Sectors Invested 16
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 16
  • M&A Advisors 2

Charter Oak Equity

10 Wright Street, Suite 220,
Westport, Connecticut 06880
United States
(203) 221-4752
www.charteroak-equity.com
proughan@charteroak-equity.com

Charter Oak Equity LP is a private equity group focused on control investments in lower middle-market companies valued between $25 and $150 million. The Firm looks for businesses operating large markets with significant room for growth. Target sectors include packaging, specialty industrial, pharmaceuticals, medical products, consumer goods, insurance services, and specialty financial services. Charter Oak generally targets family-owned companies or non-core divisions of larger companies. Charter Oak Private Equity was formed in 1992 and is based in Westport, Connecticut.


Investment Criteria

Sectors of Interest: Aerospace, Automotive, Building Materials, Business Services, Chemicals, Consumer Products, Distribution, Engineering, Financial Services, Healthcare Services, Insurance, Machinery, Manufacturing, Medical Products, Metals/Mining, Packaging

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Venture

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

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 5 20
Investment Size - -
Enterprise Value 25 150
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.0/yr) # 31 - - - - - 31
Sell (0.6/yr) # 19 - 2 1 - - 22
vol $128M $128M
  53

Most Recent M&A

Company Date Value Type
ShelterLogic Corp. 2018-06-22 - Secondary Buyout
Watertown, Connecticut · www.shelterlogic.com
Brook & Whittle Ltd. 2017-10-18 - Secondary Buyout
North Brandford, Connecticut · www.brookandwhittle.com
The Crown Group, Inc. 2017-07-20 - Add-on Acquisition
Warren, Michigan · www.thecrowngrp.com
AxioMed Spine Corp. 2015-03-24 - Add-on Acquisition
Garfield Heights, Ohio · www.axiomed.com
Seaboard Folding Box Company 2014-08-13 - Buyout (LBO, MBO, MBI)
Fitchburg, Massachusetts · www.seaboardbox.com
EiKO Global LLC 2013-11-07 - Growth Capital
Shawnee, Kansas · www.eiko.com
The Crown Group, Inc. 2013-05-10 - Buyout (LBO, MBO, MBI)
Warren, Michigan · www.thecrowngrp.com
Milwaukee Gear Co. 2012-02-03 80M USD Add-on Acquisition
Milwaukee, Wisconsin · www.milwaukeegear.com
CytoPherx, Inc. 2011-11-15 - Venture
Ann Arbor, Michigan · www.cytopherx.com
ShelterLogic Corp. 2011-09-16 - Secondary Buyout
Watertown, Connecticut · www.shelterlogic.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Seaboard Folding Box Company 2014-08-13 Imperial Packaging, Inc. 2017-04-13 1
Fitchburg, Massachusetts · www.seaboardbox.com Huntingdon Valley, Pennsylvania · www.imperial-packaging.com

M&A by Sector

Sector Current # Value All-time # Value
Manufacturing 3 (30%) - 6 (19%) -
Chemicals 1 (10%) - 3 (10%) -
Healthcare Services 1 (10%) - 3 (10%) -
Medical Products 1 (10%) - 3 (10%) -
Automotive 1 (10%) - 2 (6%) -
Consumer Products - - 2 (6%) -
Machinery - - 2 (6%) -
Metals/Mining - - 2 (6%) -
Aerospace 1 (10%) - 1 (3%) -
Building Materials 1 (10%) - 1 (3%) -
Electrical Equipment 1 (10%) - 1 (3%) -
Electronics - - 1 (3%) -
Financial Services - - 1 (3%) -
Food - - 1 (3%) -
Packaging - - 1 (3%) -
Software - - 1 (3%) -
Total 10 - 31 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 9 (90%) - 30 (97%) -
  Michigan 2 (20%) - 6 (19%) -
  Ohio 1 (10%) - 4 (13%) -
  Massachusetts 1 (10%) - 2 (6%) -
  Arkansas 1 (10%) - 2 (6%) -
  Minnesota - - 2 (6%) -
  Connecticut - - 2 (6%) -
  Pennsylvania 1 (10%) - 1 (3%) -
  Nebraska 1 (10%) - 1 (3%) -
  Kansas 1 (10%) - 1 (3%) -
  Georgia 1 (10%) - 1 (3%) -
  Wisconsin - - 1 (3%) -
  North Carolina - - 1 (3%) -
  New York - - 1 (3%) -
  Montana - - 1 (3%) -
  Maine - - 1 (3%) -
  Indiana - - 1 (3%) -
  Delaware - - 1 (3%) -
  Alabama - - 1 (3%) -
Canada 1 (10%) - 1 (3%) -
  Ontario 1 (10%) - 1 (3%) -
Domestic 9 (90%) - 30 (97%) -
Cross-border 1 (10%) - 1 (3%) -
Total 10 - 31 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 4 (40%) - 22 (71%) -
Venture 4 (40%) - 5 (16%) -
Secondary Buyout 1 (10%) - 2 (6%) -
Growth Capital 1 (10%) - 1 (3%) -
Recapitalization - - 1 (3%) -
Total 10 - 31 -

Exits by Deal Type

Type Total # Value
Unknown 11 (50%) -
Trade Sale 3 (14%) 48M (38%)
Trade Sale - Public Company 2 (9%) 80M (63%)
Merger 2 (9%) -
Secondary Sale 2 (9%) -
IPO 1 (5%) -
Recapitalization 1 (5%) -
Total 22 $128M

Top M&A Advisors

Financial Deals
Robert W. Baird & Co., Inc.
1
Legal Deals
Thompson Hine LLP
1

Deal Values

sell # Total
< $100M 2 $128M
TOTAL $128M
Largest Milwaukee Gear Co.
$80M (2012-02-03)

M&A Connections

Deals %
Acquired from
PE Firm(s)
100%
4 100%
Exited to
PE Firm(s)
30%
3 30%
Strategic(s)
70%
7 70%

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