M&A Deal Summary

Eureka Equity Partners Acquires Montreal Maine & Atlantic

On January 9, 2003, private equity firm Eureka Equity Partners acquired transportation company Montreal Maine & Atlantic for 4M USD

Acquisition Highlights
  • This is Eureka Equity Partners’ 1st transaction in the Transportation sector.
  • This is Eureka Equity Partners’ largest (disclosed) transaction.
  • This is Eureka Equity Partners’ 5th transaction in the United States.
  • This is Eureka Equity Partners’ 1st transaction in Maine.

M&A Deal Summary

Date 2003-01-09
Target Montreal Maine & Atlantic
Sector Transportation
Buyer(s) Eureka Equity Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 4M USD

Target

Montreal Maine & Atlantic

Hermon, Maine, United States
website
Montreal, Maine & Atlantic Corporation operates a regional railroad system located in Maine, Vermont, Quebec and New Brunswick. MMA acquired out of bankruptcy most of the assets of the former Bangor & Aroostook Railroad Company. MMA transports a wide variety of commodities for its customers, with paper and wood related products being by far the biggest contributors to both volume and revenue.

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Buyer(S) 1

Buyer

Eureka Equity Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Eureka Equity Partners is a private equity firm focused on partnering with management in acquiring middle-market companies generating sales up to $100 million. The Firm will consider both control and non-control investments. Sectors of interest include communications, consumer products and services, healthcare, and transportation. Eureka invests in the range of $10 to $25 million per transaction. Eureka's geographic coverage is within the US with a preference for opportunities located in the Eastern and Mid-Atlantic US. Eureka was formed in 2004 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 5 of 30
Sector (Transportation) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 3 of 11
State (Maine) 1 of 1
Country (United States) 5 of 30
Year (2003) 1 of 5
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-23 Milestone Traditions

Exton, Pennsylvania, United States

Milestone provides products of tradition for universities, colleges and high schools including class rings, alumni association watches, graduation announcements, custom regalia and other school affiliation products. Milestone markets its commemorative products directly to students and alumni.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-16 Nailite International

Miami,, Florida, United States

Nailite International Inc. ('Nailite'), a niche manufacturer of molded polypropylene siding ('MPS') for the remodeling and new construction housing markets. Founded in 1978, Nailite International Inc. was the first company in the siding business to develop an injection molded siding product that replicates the appearance of the traditional siding materials of natural cedar, brick and stone, thereby offering homeowners the low cost and minimal maintenance benefits of artificial siding without having to sacrifice aesthetics.

Sell -