M&A Deal Summary

Chatham Capital Partners and EdgeStone Capital Partners Acquires Custom Direct

On June 2, 2007, mezzanine finance firm Chatham Capital Partners and private equity firm EdgeStone Capital Partners acquired business services company Custom Direct LLC for 199M CAD

Acquisition Highlights
  • This is Chatham Capital Partners’ 3rd and EdgeStone Capital Partners’ 1st transaction in the Business Services sector.
  • This is Chatham Capital Partners’ 0th and EdgeStone Capital Partners’ 0th largest (disclosed) transaction.
  • This is Chatham Capital Partners’ 9th and EdgeStone Capital Partners’ 2nd transaction in the United States.
  • This is Chatham Capital Partners’ 1st and EdgeStone Capital Partners’ 1st transaction in Maryland.
Investment Fate
  • Custom Direct was sold to a publicly-traded strategic buyer in 2010 for 98M USD.

M&A Deal Summary

Date 2007-06-02
Target Custom Direct LLC
Sector Business Services
Buyer(s) Chatham Capital Partners
EdgeStone Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 199M CAD

Target

Custom Direct LLC

Joppa, Maryland, United States
website
Custom Direct is a provider of consumer checks, selling under multiple brands including the Check Gallery(R), Styles Checks(R) and Artistic Checks(R) names

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Buyer(S) 2

Buyer

Chatham Capital Partners

Atlanta, Georgia, United States

Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Chatham Capital Partners is a mezzanine finance firm that provides capital to lower middle-market companies. Chatham looks for investments in healthcare, manufacturing, and service companies with revenues of $10 to $50 million. Chatham will consider opportunities across the US with a preference for companies located in the Eastern and South regions of the US. Chatham will not consider early-stage, venture capital or real estate investments. Chatham was formed in 2001 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 9 of 17
Sector (Business Services) 3 of 5
Type (Buyout (LBO, MBO, MBI)) 3 of 6
State (Maryland) 1 of 1
Country (United States) 9 of 17
Year (2007) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 Fresh Frozen Foods LLC

Jefferson, Georgia, United States

Fresh Frozen is a family-owned, full-service processor and supplier of more than 60 varieties of frozen vegetables and fruits to retail outlets throughout the Southeast United States and the Caribbean Islands. In addition to a bulk packaging facility in Jefferson, Georgia, the business has a processing facility in Thomasville, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-17 OmniSYS LLC

Dallas, Texas, United States

OmniSYS LLC is a provider of medical claims management and compliance IT services for pharmacies, durable medical equipment providers, managed care organizations, and commercial retiree plans. OmniSYS was founded in 1988 and is based in Dallas, Texas.

Buy -
Buyer

EdgeStone Capital Partners

Toronto, Ontario, Canada

Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 2.5B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

EdgeStone Capital Partners, Inc. is a private equity firm that targets middle market companies located in the Canada. The Firm targets to invest in companies with an EBITDA range $10 - $50 million and Enterprise value of $50 - $250 million. It seeks to invest in equity and equity related instruments and seeks to hold majority position and board seat in portfolio companies. Specific areas of interest include light manufacturing, business services, and consumer services. Type of transaction includes MBO, recapitalizations, growth capital, divestiture or non-core business and succession planning. EdgeStone Capital Partners, Inc. is based in Toronto, Ontario.


DEAL STATS #
Overall 15 of 24
Sector (Business Services) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 6 of 8
State (Maryland) 1 of 2
Country (United States) 2 of 4
Year (2007) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-23 RapidMind, Inc.

Waterloo, Ontario, Canada

RapidMind provides a software development platform that allows software vendors to deliver high performance on multi-core and stream processors, including the GPU and the Cell BE. Without sacrificing development simplicity, RapidMind-enabled applications experience a dramatic leap in performance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-18 Stephensons Rental Services, Inc.

Mississauga, Ontario, Canada

Stephenson's Rental Services Inc. is the leading equipment rental provider in Toronto and its surrounding areas . Stephenson's offers its commercial, industrial, residential, renovation and restoration customers a broad range of construction related equipment and merchandise including general tools, light construction equipment, heavy construction equipment, heating equipment and scaffolding.

Buy -