Convergent Capital Mergers and Acquisitions Summary

Private Equity Profile

Convergent Capital’s most common sectors for investment are business services (19%) and manufacturing (15%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (43%) and growth capital (26%). In total, Convergent Capital has invested in 21 US states.

In the last 3 years, Convergent Capital has exited 5 companies. The Firm’s most common exit type is recapitalization (29%). Convergent Capital’s largest (disclosed) exit occurred in 2007 when it sold Healthy Pet for $153M.

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M&A Summary

  • M&A Total Activity91
    • M&A Buy Activity53
    • M&A Sell Activity38
  • Total Sectors Invested 26
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 42

Convergent Capital

505 N. Highway 169, Suite 245,
Minneapolis, Minnesota 55411
United States
(612) 800-6480
www.cvcap.com
businessplans@cvcap.com

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.


Investment Criteria

Sectors of Interest: Aerospace, Apparel/Textiles, Automotive, Building Materials, Business Services, Chemicals, Communications, Consumer Products, Consumer Services, E-Commerce, Energy Services and Equipment, Environmental, Food, Healthcare Services, Information Technology, Leisure, Machinery, Manufacturing, Marketing, Media, Medical Products, Packaging, Plastics, Real Estate, Renewable Energy, Restaurants, Retail, Safety/Security, Software, Staffing, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Growth Capital, Recapitalization

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

Transaction Criteria Min Max
Target Revenue 10 -
Target EBITDA - -
Investment Size 3 12
Enterprise Value - 18
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.0/yr) # 53 - - - - - 53
Sell (1.8/yr) # 29 4 1 - 3 1 38
vol $153M $153M
  91

Most Recent M&A

Company Date Value Type
Innovative Flexpak LLC 2020-01-23 - Recapitalization
Springville, Utah · www.innovativeflexpak.com
Versare Solutions LLC 2019-12-02 - Secondary Buyout
Minneapolis, Minnesota · www.versare.com
Custom Profile, Inc. 2019-04-25 - Secondary Buyout
Grand, Michigan · www.custom-profile.com
Best Security Industries, Inc. 2019-03-01 - Add-on Acquisition
Delray Beach, Florida · www.bsi-eas.com
Staff One, Inc. 2017-12-05 - Add-on Acquisition
Dallas, Texas · www.staffone.com
Rolloffs Hawaii LLC 2016-12-09 - Bankruptcy
Honolulu, Hawaii · www.rolloffshawaii.com
Midwest Supplies, Inc. 2016-10-14 - Merger
Minneapolis, Minnesota · www.midwestsupplies.com
America's Powersports 2016-06-30 - Add-on Acquisition
Allen, Texas · www.americaspowersports.com
ERP Power LLC 2016-06-01 - Secondary Buyout
Moorpark, California · www.erppowerllc.com
Versare Solutions LLC 2015-08-01 - Buyout (LBO, MBO, MBI)
Minneapolis, Minnesota · www.versare.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Staging Concepts, Inc. 2010-08-01 Architectural Railings & Grilles, Inc. 2015-09-16 1
Minneapolis, Minnesota · www.stagingconcepts.com Fort Mill, South Carolina · www.aluminum-rails.com
Reel Power International, Inc. 2008-09-09 Radoil, Inc. 2010-01-01 2
Oklahoma, Oklahoma · www.reelpowerind.com Houston, Texas · www.radoil.com
Reel Power International, Inc. 2008-09-09 Reel-O-Matic, Inc. 2009-11-06 1
Oklahoma, Oklahoma · www.reelpowerind.com Oklahoma City, Oklahoma · www.reelomatic.com

M&A by Sector

Sector Current # Value All-time # Value
Business Services 3 (21%) - 10 (19%) -
Manufacturing 1 (7%) - 8 (15%) -
Food 1 (7%) - 4 (7%) -
Healthcare Services 2 (14%) - 4 (7%) -
Machinery 1 (7%) - 3 (6%) -
Energy Services and Equipment 1 (7%) - 2 (4%) -
Environmental - - 2 (4%) -
Software 1 (7%) - 2 (4%) -
Transportation 1 (7%) - 2 (4%) -
Aerospace - - 1 (2%) -
Apparel/Textiles - - 1 (2%) -
Automotive - - 1 (2%) -
Building Materials - - 1 (2%) -
Consumer Products 1 (7%) - 1 (2%) -
Consumer Services - - 1 (2%) -
E-Commerce 1 (7%) - 1 (2%) -
Electrical Equipment - - 1 (2%) -
Furniture - - 1 (2%) -
Marketing - - 1 (2%) -
Media - - 1 (2%) -
Packaging - - 1 (2%) -
Real Estate 1 (7%) - 1 (2%) -
Retail - - 1 (2%) -
Safety/Security - - 1 (2%) -
Staffing - - 1 (2%) -
Technology Hardware - - 1 (2%) -
Total 14 - 54 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 14 (100%) - 54 (100%) -
  California 6 (43%) - 12 (22%) -
  Minnesota 2 (14%) - 10 (19%) -
  Texas 1 (7%) - 6 (11%) -
  Illinois 2 (14%) - 4 (7%) -
  Wisconsin 1 (7%) - 3 (6%) -
  Nevada 1 (7%) - 2 (4%) -
  Michigan - - 2 (4%) -
  Florida - - 2 (4%) -
  Oklahoma 1 (7%) - 1 (2%) -
  South Dakota - - 1 (2%) -
  New Jersey - - 1 (2%) -
  Missouri - - 1 (2%) -
  Massachusetts - - 1 (2%) -
  Indiana - - 1 (2%) -
  Hawaii - - 1 (2%) -
  Georgia - - 1 (2%) -
  Connecticut - - 1 (2%) -
  Colorado - - 1 (2%) -
  Vermont - - 1 (2%) -
  Utah - - 1 (2%) -
  Tennessee - - 1 (2%) -
Total 14 - 54 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 9 (64%) - 23 (43%) -
Growth Capital 1 (7%) - 14 (26%) -
Recapitalization 4 (29%) - 10 (19%) -
Acquisition Financing - - 4 (7%) -
Secondary Buyout - - 1 (2%) -
Special Situations/Distressed - - 1 (2%) -
Venture - - 1 (2%) -
Total 14 - 54 -

Exits by Deal Type

Type Total # Value
Recapitalization 11 (29%) -
Trade Sale 9 (24%) -
Secondary Sale 8 (21%) -
Trade Sale - Public Company 4 (11%) 153M (100%)
Sold to Management 3 (8%) -
Bankruptcy 2 (5%) -
Merger 1 (3%) -
Total 38 $153M

Deal Values

sell # Total
$100M to $1B 1 $153M
TOTAL $153M
Largest Healthy Pet Corp.
$153M (2007-06-01)

M&A Connections

Deals %
Acquired from
PE Firm(s)
100%
3 100%
Exited to
PE Firm(s)
58%
15 58%
Strategic(s)
42%
11 42%

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