M&A Deal Summary |
|
|---|---|
| Date | 1997-07-01 |
| Target | Petro Stopping Centers |
| Sector | Transportation |
| Buyer(s) | Chartwell Investments Entrepreneur & Founder Capital |
| Deal Type | Buyout (LBO, MBO, MBI) |
| Deal Value | 310M USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 700M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Chartwell Investments is a private equity firm that invests in US-based, mid-sized companies with 'strong market positions, sound business models, and meaningful growth prospects'. Areas of interest include consumer products, light manufacturing, distribution, infrastructure, natural resources, energy, building products, and business services. Chartwell seeks to invest $10 to $200 million of equity in transactions that include buyouts, recapitalization, and growth equity financings. The Firm has a special interest in solving family succession issues, intricate tax and public securities problems, as well as creating strategic partnerships. Chartwell will also consider turnaround situations or companies requiring operational improvement. Chartwell Investments was formed in 1992 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 15 |
| Sector (Transportation) | 2 of 3 |
| Type (Buyout (LBO, MBO, MBI)) | 1 of 5 |
| State (Texas) | 1 of 3 |
| Country (United States) | 2 of 15 |
| Year (1997) | 1 of 2 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1996-10-24 |
TA Operating
West Lake, Ohio, United States TA Operating LLC d/b/a Petro Stopping Centers is a leading operator of large, full-service truck stops with a nationwide network of facilities in 27 states. Through an investment banking firm, Petro’s founder and chairman, Jack Cardwell, Sr. contacted Chartwell. Cardwell wanted to replace his existing partner with someone who would work with him to enhance management and refinance the company for growth. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1997-10-15 |
Sunpark
Buffalo, New York, United States SunPark operates off-site airport parking facilities throughout the U.S. offering storage, transportation and car care services to airline passengers at locations around the U.S. Working with the Snyder family who own SunPark, Chartwell conducted an extensive analysis of the industry to verify the opportunity, and then recapitalized the business and positioned it for growth. |
Buy | - |
