First Capital Partners Mergers and Acquisitions Summary

Private Equity Profile

First Capital Partners’ most common sectors for investment are manufacturing (25%) and business services (13%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (44%) and recapitalization (32%). In total, First Capital Partners has invested in 10 US states.

In the last 3 years, First Capital Partners has exited 3 companies. The Firm’s most common exit type is trade sale (63%). First Capital Partners’ largest (disclosed) exit occurred in 2016 when it sold Sun Water Systems for $87M.

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M&A Summary

  • M&A Total Activity24
    • M&A Buy Activity16
    • M&A Sell Activity8
  • Total Sectors Invested 11
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 18

First Capital Partners LLC

1620 Dodge Street, Suite 800,
Omaha, Nebraska 68102
United States,
(402)718-8850
www.firstcapitalpartners.com
info@fcpcapital.com

First Capital Partners is an Omaha, Nebraska-based private investment firm that provides equity and subordinated debt financing to lower middle-market companies. First targets businesses with revenues of $10 to $100 million and EBITDA up to $10 million. Investments are generally used to fund management buyouts, growth capital financings, recapitalizations, divestitures, and generational transfers of ownership. Broad areas of interest include manufacturing, business services, and value-added distribution. First Capital will not invest in startups, early stage companies, high technology, real estate, or retail. First Capital Partners is based in US.


Investment Criteria

Sectors of Interest: Business Services, Communications, Distribution, Energy Services and Equipment, Manufacturing, Packaging, Real Estate, Retail, Safety/Security

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Recapitalization, Special Situations/Distressed, Stake Purchase

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

Transaction Criteria Min Max
Target Revenue 10 100
Target EBITDA 2 10
Investment Size 2 8
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.4/yr) # 14 2 - - - - 16
Sell (1.0/yr) # 3 2 1 1 1 - 8
vol $87M $87M
  24

Most Recent M&A

Company Date Value Type
Bestronics, Inc. 2019-10-30 - Recapitalization
San Jose, California · www.bestronicsinc.com
Century Tool & Gage Co. 2018-04-25 - Add-on Acquisition
Fenton, Michigan · www2.centurytool.com
Labriola Baking Co. 2017-08-17 - Add-on Acquisition
Alsip, Illinois · www.labriolabaking.com
Color Craft Graphic Arts, Inc. 2016-11-28 - Recapitalization
Manitowoc, Wisconsin · www.ccga.com
Advantage Engineers LLC 2016-10-03 - Growth Capital
Mechanicsburg, Pennsylvania · www.advantageengineers.com
Sun Water Systems, Inc. (dba Aquasana) 2016-08-08 87M USD Add-on Acquisition
Haltom City, Texas · www.aquasana.com
UPF Services LLC 2016-07-28 - Add-on Acquisition
Spokane Valley, Washington · www.upfservices.com
Wisconsin Film & Bag, Inc. 2015-10-01 - Add-on Acquisition
Shawano, Wisconsin · www.wifb.com
Koontz Wagner Services 2014-01-01 - Buyout (LBO, MBO, MBI)
South Bend, Indiana · www.kwservices.com
Labriola Baking Co. 2013-06-17 - Buyout (LBO, MBO, MBI)
Alsip, Illinois · www.labriolabaking.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Qcc LLC 2012-04-23 Numerical Precision 2018-01-17 2
Harwood Heights, Illinois · www.qccorp.com Wheeling, Illinois · www.numericalprecision.com
Qcc LLC 2012-04-23 Qualiseal Technology, Inc. 2017-06-01 1
Harwood Heights, Illinois · www.qccorp.com Harwood Heights, Illinois · www.qualiseal.com
Qcc LLC 2012-04-23 A&K C.N.C. Machining LLC 2015-01-22 1
Harwood Heights, Illinois · www.qccorp.com Northbrook, Illinois

M&A by Sector

Sector Current # Value All-time # Value
Manufacturing 2 (33%) - 4 (25%) -
Business Services - - 2 (13%) -
Packaging 1 (17%) - 2 (13%) -
Chemicals 1 (17%) - 1 (6%) -
Communications - - 1 (6%) -
Electrical Equipment 1 (17%) - 1 (6%) -
Engineering 1 (17%) - 1 (6%) -
Food - - 1 (6%) -
Safety/Security - - 1 (6%) -
Semiconductors - - 1 (6%) -
Utilities - - 1 (6%) -
Total 6 - 16 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 6 (100%) - 16 (100%) -
  Wisconsin 2 (33%) - 4 (25%) -
  Iowa 1 (17%) - 2 (13%) -
  Indiana 1 (17%) - 2 (13%) -
  Illinois 1 (17%) - 2 (13%) -
  Pennsylvania 1 (17%) - 1 (6%) -
  Washington - - 1 (6%) -
  Texas - - 1 (6%) -
  Michigan - - 1 (6%) -
  Colorado - - 1 (6%) -
  California - - 1 (6%) -
Total 6 - 16 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 2 (33%) - 7 (44%) -
Recapitalization 1 (17%) - 5 (31%) -
Growth Capital 3 (50%) - 3 (19%) -
Secondary Buyout - - 1 (6%) -
Total 6 - 16 -

Exits by Deal Type

Type Total # Value
Trade Sale 3 (38%) -
Trade Sale - Public Company 2 (25%) 87M (100%)
Recapitalization 2 (25%) -
Secondary Sale 1 (13%) -
Total 8 $87M

Deal Values

sell # Total
< $100M 1 $87M
TOTAL $87M
Largest Sun Water Systems, Inc. (dba Aquasana)
$87M (2016-08-08)

M&A Connections

Deals %
Acquired from
PE Firm(s)
100%
1 100%
Exited to
PE Firm(s)
29%
2 29%
Strategic(s)
71%
5 71%