M&A Deal Summary

Emigrant Capital and Heritage Growth Partners Acquires East West Manufacturing

On May 31, 2016, corporate investor Emigrant Capital Corporation and family office Heritage Growth Partners LLC acquired electrical equipment company East West Manufacturing LLC

Acquisition Highlights
  • This is Emigrant Capital’s 1st and Heritage Growth Partners’ 1st transaction in the Electrical Equipment sector.
  • This is Emigrant Capital’s 5th and Heritage Growth Partners’ 1st transaction in the United States.
  • This is Emigrant Capital’s 1st and Heritage Growth Partners’ 1st transaction in Georgia.

M&A Deal Summary

Date 2016-05-31
Target East West Manufacturing LLC
Sector Electrical Equipment
Buyer(s) Emigrant Capital Corporation
Heritage Growth Partners LLC
Deal Type Recapitalization
Advisor(s) Dentons (Legal)

Target

East West Manufacturing LLC

Atlanta, Georgia, United States
website
East West Manufacturing LLC is a manufacturer of complex, precision components, electronics, and motors. East West Manufacturing was founded in 2001 and is based in Atlanta, Georgia.

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Buyer(S) 2

Buyer

Emigrant Capital Corporation

New York, New York, United States

website


Category Corporate Investor
Founded 1998
PE ASSETS 200M USD
SizeSmall
Type Sector Agnostic
DESCRIPTION

Emigrant Capital Corp is the investment arm of family-owned Emigrant Saving Bank. Emigrant provides both debt and equity capital to lower middle-market companies headquartered in the US. Through its affiliation with Emigrant Saving Bank, Emigrant Capital provides financial solutions including traditional equity investments, hybrid debt/equity securities, mezzanine, and senior debt financing. Emigrant Capital focuses on profitable companies with strong management teams, large addressable markets, diversified revenues and customers, revenues between $15 - $100 million and EBITDA of $2 - $12 million. Emigrant looks to invest $5 to $25 million per transaction. Specific areas of interest include healthcare, technology, and manufacturing. The Firm will consider a variety of transaction types, including buyouts, recapitalizations, growth equity, turnarounds, and special situations. Emigrant Capital Corp was formed in 1998 and is based in New York City.


DEAL STATS #
Overall 5 of 6
Sector (Electrical Equipment) 1 of 1
Type (Recapitalization) 1 of 2
State (Georgia) 1 of 1
Country (United States) 5 of 6
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-24 Cascade Drilling LP

Woodinville, Washington, United States

Cascade Drilling LP is a provider of environmental and geotechnical services. Cascade’s services include track and truck-mounted sonic, air and mud rotary, auger, wire-line coring, and direct push drilling.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-15 Fire Door Solutions LLC

Stilwell, Kansas, United States

Fire Door Solutions LLC offers turnkey solutions for fire door, damper and barrier inspections, and repairs. Fire Door Solutions was founded in 2011 and is based in Stilwell, Kansas.

Buy -
Buyer

Heritage Growth Partners LLC

website


Category Family Office
Founded 2014
SizeSmall
Type Sector Agnostic
DESCRIPTION

Trail is a European private equity firm that has set-up an investment platform across Europe and Asia, with its two strategic partners, Silk Road Fund and CICC, a China-based investment bank. Trail’s team helps small and mid-size European companies scaling up, with a specific focus on innovation and China. Trail Management was formed in 2017 and is headquartered in Paris.


DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Recapitalization) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1