Constitution Capital Partners Mergers and Acquisitions Summary

Private Equity Profile

Constitution Capital Partners’ most common sectors for investment are food (12%) and staffing (8%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (52%) and secondary buyout (28%). In total, Constitution Capital Partners has invested in 16 US states and 3 different countries. Its largest (disclosed) acquisition occurred in 2008 when it acquired ConvaTec for $4.1B.

In the last 3 years, Constitution Capital Partners has exited 4 companies. The Firm’s most common exit type is trade sale (54%). Constitution Capital Partners’ largest (disclosed) exit occurred in 2015 when it sold Armored AutoGroup for $1.4B.

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M&A Summary

  • M&A Total Activity40
    • M&A Buy Activity25
    • M&A Sell Activity15
  • Total Sectors Invested 18
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 32

Constitution Capital Partners

,
www.concp.com
info@concp.com

Constitution Capital Partners is a private equity firm focused on buyouts of North American companies. Constitution typically invests in private equity partnerships, however the Firm also makes direct private equity and credit investments. Constitution Capital Partners does not have any sector preferences. The Firm was formed in 2008 and is headquartered in Andover, Massachusetts.


Investment Criteria

Sectors of Interest: Aerospace, Automotive, Business Services, Communications, Construction, Electrical Equipment, Electronics, Energy Services and Equipment, Environmental, Financial Services, Food, Healthcare Services, Media, Medical Products, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Special Situations/Distressed

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

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.0/yr) # 25 - - - - - 25
vol $5.9B $5.9B
Sell (1.2/yr) # 9 2 1 3 - - 15
vol $3.7B $855M $4.6B
  40

Most Recent M&A

Company Date Value Type
Hojeij Branded Foods 2018-12-11 330M USD Trade Sale - Public Company
Atlanta, Georgia · www.hbfairports.com
Telular Corp. 2018-11-01 525M USD Add-on Acquisition
Chicago, Illinois · www.telular.com
Alegeus Technologies LLC 2018-08-07 - Secondary Buyout
Waltham, Massachusetts · www.alegeus.com
Doskocil Manufacturing Co., Inc. (dba Petmate) 2017-05-22 - Secondary Buyout
Arlington, Texas · www.petmate.com
ConvaTec, Inc. 2016-10-31 - IPO
Skillman, New Jersey · www.convatec.com
Light Tower Rentals, Inc. 2016-10-11 - Recapitalization
Odessa, Texas · www.lighttowerrentals.com
WideOpenWest LLC (dba WOW!) 2015-12-11 - Secondary Buyout
Englewood, Colorado · www.wowway.com
Vision-Ease Lens, Inc. (Vision Ease) 2015-11-04 - Add-on Acquisition
Ramsey, Minnesota · www.vision-ease.com
Armored AutoGroup, Inc. 2015-05-22 1.4B USD Add-on Acquisition
Danbury, Connecticut · www.armoredautogroup.com
Creative Circle LLC 2015-05-11 570M USD Add-on Acquisition
Los Angeles, California · www.creativecircle.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Acino International AG 2013-10-02 Takeda Pharmaceutical Co.,Ltd. - Primary Care Portfolio 2019-10-15 4
Zurich, Czech Republic · www.acino.swiss Osaka, Japan
OmniSYS, LLC 2013-11-21 STRAND Clinical Technologies LLC 2019-07-08 3
Dallas, Texas · www.omnisys-inc.com Evans, Georgia · www.strandrx.com
OmniSYS, LLC 2013-11-21 Rx-Net, Inc. 2019-06-05 2
Dallas, Texas · www.omnisys-inc.com Shawnee, Kansas · www.rx-net-inc.com
Canada Cartage Diversified ULC 2007-07-09 Doyle Transportation 2017-11-07 3
Mississauga, Ontario · www.canadacartage.com Guelph, Ontario · www.doyletransportation.ca
OmniSYS, LLC 2013-11-21 voiceTech, Inc. 2017-03-01 1
Dallas, Texas · www.omnisys-inc.com Sarasota, Florida · www.voicetechinc.com
Acino International AG 2013-10-02 Litha Healthcare Group Ltd. 2017-02-28 3
Zurich, Czech Republic · www.acino.swiss Midrand, South Africa · www.lithahealthcare.co.za
Acino International AG 2013-10-02 Acino Holding AG - Transdermal Drug Delivery Systems Business 2016-11-30 1
Zurich, Czech Republic · www.acino.swiss Aesch, Czech Republic
Acino International AG 2013-10-02 Norgine - Middle East & North Africa Operations & Product Right 2016-06-28 2
Zurich, Czech Republic · www.acino.swiss , Netherlands
Video Equipment Rentals 2014-01-01 DPS, Inc. 2016-01-19 2
Glendale, California · www.verrents.com Burbank, California · www.dpsinc.com
Acino International AG 2013-10-02 Pharma Start 2015-10-07 1
Zurich, Czech Republic · www.acino.swiss Kyiv, Ukraine · www.phs.ua

M&A by Sector

Sector Current # Value All-time # Value
Food 1 (9%) - 3 (12%) -
Medical Products 1 (9%) - 2 (8%) 4.1B (69%)
Information Technology - - 2 (8%) 253M (4%)
Staffing - - 2 (8%) 165M (3%)
Consumer Products - - 2 (8%) -
Environmental 1 (9%) - 2 (8%) -
Financial Services 1 (9%) 1.0B (71%) 1 (4%) 1.0B (17%)
Life Science 1 (9%) 414M (29%) 1 (4%) 414M (7%)
Aerospace 1 (9%) - 1 (4%) -
Automotive - - 1 (4%) -
Business Services 1 (9%) - 1 (4%) -
Communications - - 1 (4%) -
Construction 1 (9%) - 1 (4%) -
Energy Services and Equipment - - 1 (4%) -
Media 1 (9%) - 1 (4%) -
Metals/Mining 1 (9%) - 1 (4%) -
Retail - - 1 (4%) -
Transportation 1 (9%) - 1 (4%) -
Total 11 $1.4B 25 $5.9B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 9 (82%) 1.0B (71%) 23 (92%) 5.5B (93%)
  Texas 3 (27%) - 5 (20%) -
  California 1 (9%) - 2 (8%) -
  Illinois - - 2 (8%) 253M (4%)
  Minnesota - - 2 (8%) -
  New York 1 (9%) 1.0B (71%) 1 (4%) 1.0B (17%)
  Ohio 1 (9%) - 1 (4%) -
  Louisiana 1 (9%) - 1 (4%) -
  Delaware 1 (9%) - 1 (4%) -
  Alabama 1 (9%) - 1 (4%) -
  New Jersey - - 1 (4%) 4.1B (69%)
  Georgia - - 1 (4%) 165M (3%)
  Virginia - - 1 (4%) -
  Michigan - - 1 (4%) -
  Massachusetts - - 1 (4%) -
  Connecticut - - 1 (4%) -
  Colorado - - 1 (4%) -
Czech Republic 1 (9%) 414M (29%) 1 (4%) 414M (7%)
Canada 1 (9%) - 1 (4%) -
  Ontario 1 (9%) - 1 (4%) -
Total 11 $1.4B 25 $5.9B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 7 (64%) 1.0B (71%) 13 (52%) 1.0B (17%)
Secondary Buyout 2 (18%) - 7 (28%) 165M (3%)
Going Private 1 (9%) 414M (29%) 2 (8%) 667M (11%)
Divestiture - - 1 (4%) 4.1B (69%)
Growth Capital - - 1 (4%) -
Stake Purchase 1 (9%) - 1 (4%) -
Total 11 $1.4B 25 $5.9B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 6 (40%) 4.2B (91%)
Secondary Sale 4 (27%) -
Trade Sale 3 (20%) 410M (9%)
IPO 1 (7%) -
Recapitalization 1 (7%) -
Total 15 $4.6B

Deal Values

buy # Total
> $1B 2 $5.1B
$100M to $1B 3 $832M
TOTAL $5.9B
Largest ConvaTec, Inc.
$4.1B (2008-08-02)
sell # Total
> $1B 1 $1.4B
$100M to $1B 6 $3.2B
TOTAL $4.6B
Largest Armored AutoGroup, Inc.
$1.4B (2015-05-22)

M&A Connections

Deals %
Acquired from
PE Firm(s)
92%
12 92%
Strategic(s)
8%
1 8%
Exited to
PE Firm(s)
43%
6 43%
Strategic(s)
57%
8 57%