M&A Deal Summary

Dubin Clark, Convergent Capital Partners and ZJM Equity Acquire Reel Power International

On September 9, 2008, private equity firm Dubin Clark, growth capital firm Convergent Capital Partners and private equity firm ZJM Equity acquired machinery company Reel Power International

Acquisition Highlights
  • This is Dubin Clark’s 1st, Convergent Capital Partners’ 3rd and ZJM Equity’s 1st transaction in the Machinery sector.
  • This is Dubin Clark’s 5th, Convergent Capital Partners’ 35th and ZJM Equity’s 1st transaction in the United States.
  • This is Dubin Clark’s 1st, Convergent Capital Partners’ 1st and ZJM Equity’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2008-09-09
Target Reel Power International
Sector Machinery
Buyer(s) Dubin Clark
Convergent Capital Partners
ZJM Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Reel Power International

Oklahoma, Oklahoma, United States
Reel Power International is a manufacturer of specialty, proprietary, branded material handling equipment used in the manufacturing and handling of wire, cable, hose, pipe, tube, and other flexible materials. End-users include cable and wire manufacturers and distributors, and equipment manufacturers that incorporate Reel Power components into their products (e.g., construction, mining, and drilling equipment manufacturers). Reel Power services the oil and gas, marine, telecom, power, hose, pipe, tube, and wire rope industries. Reel Power International was founded in 1973 and is based in Oklahoma City.

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Buyer(S) 3

Buyer

Dubin Clark

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Dubin Clark is a private equity firm that acquires and builds businesses in partnership with management. Following an acquisition, Dubin Clark typically invests additional capital to help fund acquisitions and grow the business. Target sectors include retail, healthcare services, manufacturing, and business services. The Firm is a long-term investor and does not formulate a pre-defined exit plan. Dubin Clark was formed in 1984 and is based in Jacksonville, Florida.

DEAL STATS #
Overall 5 of 23
Sector (Machinery) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 9
State (Oklahoma) 1 of 1
Country (United States) 5 of 23
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-10 CompUSA.com

Miami, Florida, United States

CompUSA.com, Inc. is a operator of computer and computer-product retail stores in the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-30 Artromick International

Columbus, Ohio, United States

Artromick International, Inc. is a manufacturer and supplier of medication carts and related drug packaging supplies and systems to the nursing home industry.

Sell -
Buyer

Convergent Capital Partners

Investor Investor Investor

Category Growth Capital Firm
Founded 1999
PE ASSETS 400M USD
Size Middle-Market
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 $3 to $12 million per transaction in businesses with at least $10 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 1999 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 35 of 62
Sector (Machinery) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 14 of 25
State (Oklahoma) 1 of 1
Country (United States) 35 of 62
Year (2008) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-01 We Are Alexander

St. Louis, Missouri, United States

We Are Alexander is a full service marketing solutions company that creates and produces promotions, events, visual merchandising, exhibits, packaging, and direct mail for blue chip clients. We Are Alexander was founded in 1956 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-01 Quality Rail Services

Golden, Colorado, United States

Quality Rail Services enables North American railroads to increase productivity and profitability by delivering industry leading fueling, mechanical and support services.

Sell -
Buyer

ZJM Equity

Centennial, Colorado, United States

Investor

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

ZJM Equity is a private equity firm focused on acquiring profitable manufacturing, distribution, and business services companies. The Firm will consider opportunities throughout the US and prefers businesses with defendable market positions, strong management willing to stay in place, and potential for growth. ZJM Equity was formerly known as Highline Equity. The Firm was originally established in 2008 and is based in Denver, Colorado.

DEAL STATS #
Overall 1 of 8
Sector (Machinery) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 6
State (Oklahoma) 1 of 1
Country (United States) 1 of 8
Year (2008) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 Bestronics

San Jose, California, United States

Bestronics, Inc. provides printed circuit board and box assembly services to a diverse base of OEMs in the industrial, medical, power and other markets. Bestronics, Inc. was founded in 1990 and is based in San Jose, California.

Buy -
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