NewStar Financial - M&A Summary, Ownership, and Business Overview

Financial ServicesCompany

NewStar Financial M&A Summary

NewStar Financial has acquired 8 companies of its own. A total of 2 acquisitions came from private equity firms. It has also divested 11 assets.

NewStar Financial’s largest acquisition to date was in 2010, when it acquired Core Business Credit for $25M. It’s largest disclosed sale occurred in 2014, when it sold CGI Windows and Doors to PGT Innovations for $111M. NewStar Financial has acquired in 7 different US states. The Company’s most targeted sectors include building materials (38%) and business services (13%).

NewStar Financial Ownership

Who owns NewStar Financial?

NewStar Financial is owned by First Eagle Investment Management. It was acquired on October 17, 2017.

Was NewStar Financial formerly PE-backed?

Yes. NewStar Financial was formerly owned by 2 private investors.

NewStar Financial Business Overview

Where is NewStar Financial headquartered?

NewStar Financial is headquartered in Boston, Massachusetts.

What is NewStar Financial’s revenue?

NewStar Financial disclosed revenue of 220M USD for 2015 and 152M USD for 2014.

How many employees does NewStar Financial have?

NewStar Financial has 122 employees.

What sector is NewStar Financial in?

NewStar Financial is a financial services company.

When was NewStar Financial founded?

NewStar Financial was founded in 2004.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity8
    • M&A Sell Activity6
  • Total Sectors Invested 6
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 21

NewStar Financial, Inc.

500 Boylston Street, Suite 1250,
Boston, Massachusetts 02116
United States,
(617) 848-2500
www.newstarfin.com

NewStar Financial, Inc. is an internally-managed, commercial finance company with $7.3 billion of assets managed across two complementary business lines — middle market direct lending and asset management. The Company's direct lending activities are focused on meeting the complex financing needs of companies and private investors in the middle markets through specialized lending groups that offer a range of flexible debt financing options. Credit investments are originated directly through teams of experienced, senior bankers and marketing officers organized around key industry and market segments. Through its asset management platforms, NewStar offers a range of investment products employing credit-oriented strategies focused on middle market loans and liquid, tradeable credit.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 8 - - - - - 8
vol $25M $25M
Sell (0.0/yr) # 6 - - - - - 6
vol $111M $111M
  14

Most Recent M&A

Company Date Value Type
Custom Window Systems, Inc. 2019-10-03 - Trade Sale
Ocala, Florida · www.cws.cc
Radius Equipment Finance 2016-12-02 - Divestiture
Boston, Massachusetts
Katena Products, Inc. 2015-06-24 - Secondary Sale
Parsippany, New Jersey · www.katena.com
Custom Window Systems, Inc. 2014-07-31 - Secondary Buyout
Ocala, Florida · www.cws.cc
CGI Windows and Doors, Inc. 2014-07-28 111M USD Trade Sale
Miami, Florida · www.cgiwindows.com
HCPro, Inc. 2013-11-05 - Trade Sale
Middleton, Massachusetts · www.hcpro.com
Core Business Credit LLC 2010-11-02 25M USD Add-on Acquisition
Dallas, Texas
Katena Products, Inc. 2009-09-30 - Buyout (LBO, MBO, MBI)
Parsippany, New Jersey · www.katena.com
HCPro, Inc. 2008-02-14 - Secondary Buyout
Middleton, Massachusetts · www.hcpro.com
AL Solutions, Inc. 2007-03-28 - Growth Capital
New Cumberland, West Virginia · www.alsolutionsinc.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Building Materials 3 (38%) - 3 (50%) 111M (100%)
Business Services 1 (13%) - 1 (17%) -
Financial Services 1 (13%) 25M (100%) 1 (17%) -
Medical Products 1 (13%) - 1 (17%) -
Distribution 1 (13%) - - -
Media 1 (13%) - - -
Total 8 $25M 6 $111M

By Geo

State/Country Buy Value Sell Value
United States 8 25M 6 111M
  Florida 2 - 2 111M
  Massachusetts 1 - 2 -
  New Jersey 1 - 1 -
  Louisiana 1 - 1 -
  West Virginia 1 - - -
  Texas 1 25M - -
  Oregon 1 - - -
Total 8 $25M 6 $111M

Deal Values

buy # Total
< $100M 1 $25M
TOTAL $25M
Largest Core Business Credit LLC
$25M (2010-11-02)
sell # Total
$100M to $1B 1 $111M
TOTAL $111M
Largest CGI Windows and Doors, Inc.
$111M (2014-07-28)

M&A Connections

Deals
Acquired from
Investor(s)
25%
2 (25%)
Divested to
Investor(s)
33%
2 (33%)
Strategic(s)
67%
4 (67%)

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