Investment Summary

Exits Advanced Machine & Stretchform International

On September 1, 2012, invested in aerospace company Advanced Machine & Stretchform International from Convergent Capital

Investment Highlights
  • This is transaction in the Aerospace sector.
  • This is transaction in the United States.
  • This is transaction in California.

Investment Summary

Date 2012-09-01
Target Advanced Machine & Stretchform International
Sector Aerospace
Sellers(s) Convergent Capital
Deal Type Trade Sale

Target

Advanced Machine & Stretchform International

Gardena, California, United States
website
AMSI manufactures rolled and stretch formed metal components such as wing panels and fuselages, sections for aircraft, fuel tanks for space booster rockets, and helicopter hub and rotor assemblies for the aircraft and aerospace industries.

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Seller(S) 1

SELLER

Convergent Capital

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1998
PE ASSETS 225M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Convergent Capital is a private investment firm that provides growth and debenture financing to late-stage growth companies. Convergent prefers to commit $2 to $8 million per transaction in businesses with at least $5 million in revenues. Convergent is a generalist investor and will consider businesses in a wide range of industries. Investment funds are typically used to assist growth, but the firm can also structure investments around buyouts, recapitalizations, consolidations, and add-on acquisitions. Convergent is licensed as a SBIC. Convergent Capital was formed in 1998 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 24 of 39
Sector (Aerospace) 1 of 1
Type (Trade Sale) 3 of 3
State (California) 5 of 7
Country (United States) 24 of 39
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-21 Custom Profile

Grand Rapids, Michigan, United States

Custom Profile is a manufacturer of plastic profile extruded products primarily for the office furniture, appliance, medical, recreational and RV industry, and point-of-purchase markets. Custom Profile has diverse and flexible manufacturing capabilities with the ability to satisfy a variety of customer demand requirements. Custom Profile was founded in 1992 and is based in Grand Rapids, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-01 Multiband

Minnetonka, Minnesota, United States

Multiband Corporation is a provider of software and integrated billing services including video, voice, data and other value-added local services to multiple dwelling units (MDU's).

Sell -