M&A Deal Summary

Focus Products Group International Acquires Sure Fit

On December 21, 2012, Focus Products Group International acquired consumer products company Sure Fit from Argosy Private Equity and Guardian Capital Partners

Acquisition Highlights
  • This is Focus Products Group International’s 2nd transaction in the Consumer Products sector.
  • This is Focus Products Group International’s 5th transaction in the United States.
  • This is Focus Products Group International’s 1st transaction in Pennsylvania.
Investment Fate
  • Sure Fit was divested to a consortium of strategic buyers in 2021.

M&A Deal Summary
Date 2012-12-21
Target Sure Fit
Sector Consumer Products
Buyer(s) Focus Products Group International
Sellers(s) Argosy Private Equity
Guardian Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

Sure Fit

Alburtis, Pennsylvania, United States
Sure Fit is a provider of ready-made slipcovers and related accessories. The company's longstanding position as the premier producer of ready-made slipcovers and coordinating accessories is based on its history of providing value-added decorating solutions in a broad range of styles to meet the needs of the widest range of purchasers. Sure Fit's product line includes slipcovers for sofas, loveseats, chairs, oversized chairs, wing chairs, dining room chairs, recliners, ottomans, and futons as well as furniture throws and coordinating decorative pillows. It provides an attractive and affordable solution for consumers who need to protect furniture from children, pets, and general wear or want to quickly and cost-effectively enhance the appearance of a room. Sure Fit has operations in New York, New York, and Allentown, Pennsylvania.

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Buyer(S) 1

Buyer

Focus Products Group International

Vernon Hills, Illinois, United States
Category Company
Founded 2001
Sector Consumer Products
DESCRIPTION

Focus Products Group LLC to acquire the business and assets of AMCO Houseworks and Sensible Storage. AMCO Houseworks is a designer and manufacturer of houseware products that are sold to customers such as Crate and Barrel, Williams-Sonoma, and Bed Bath & Beyond. Sensible Storage is a designer, importer and distributor of storage products that are sold into mass-market retailers and club outlets, as well as smaller hardware and household stores.

DEAL STATS #
Overall 5 of 5
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 5 of 5
State (Pennsylvania) 1 of 1
Country (United States) 5 of 5
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-22 Excello Products

Chicago, Illinois, United States

Excello Products LLC designs and manufactures textile products that make your home more convenient and elegant.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-16 Focus Products Group - Kitchen Division

Vernon Hills, Illinois, United States

Focus Products Group - Kitchen Division includes a wide variety of kitchenware and bakeware products under the Amco Houseworks®, Chicago™ Metallic and Swing-A-Way® brands.

Sell -

Seller(S) 2

SELLER

Argosy Private Equity

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1990
PE ASSETS 575M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argosy Private Equity is the private equity arm of Argosy Capital, an asset management firm. Argosy Private Equity provides both debt and equity capital to lower middle-market companies located throughout the US. Argosy focuses on growth companies with experienced management teams and revenues between $15 and $100 million and EBITDA of $3 to $9 million. Argosy looks to invest $5 - $20 million per transaction. Specific areas of interest include manufacturing, business services, franchising and Value added distributions. The Firm will consider a variety of transaction types, including MBO’s, recapitalizations, growth equity and acquisitions. Argosy was formed in 1990 and is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 16 of 52
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 12 of 38
State (Pennsylvania) 7 of 16
Country (United States) 16 of 52
Year (2012) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-05 AP Services

Freeport, Pennsylvania, United States

AP Services, Inc. is a supplier of fluid sealing technologies and services to the nuclear and fossil power generation markets, with proven performance in delivering solutions that improve plant reliability and safety, and also reduce operation and maintenance (O&M) costs.

Sell $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-14 Karl s Event Rental

Oak Creek, Wisconsin, United States

Karl's Event Rental, Inc. provides rental services for corporate, gala, industrial, festival, hospitality, disaster relief, private, trade shows, sporting, and exposition events in the United States.

Sell -
SELLER

Guardian Capital Partners

Wayne, Pennsylvania, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Guardian Capital Partners is a smaller private equity firm focused on control investments in family-owned companies and corporate divestitures. Guardian looks for profitable businesses with a 'history of stability' and a 'strong instaleed customer base'. Prospective opportunities are located in the US and typically generate sales of $20 to $150 million. Target sectors include industrial, manufacturing, business services, consumer products, and healthcare/medical devices. Guardian Capital Partners was formed in 2007 and is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 1 of 11
Sector (Consumer Products) 1 of 4
Type (Add-on Acquisition) 1 of 7
State (Pennsylvania) 1 of 3
Country (United States) 1 of 11
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-06 RIO Brands

Philadelphia, Pennsylvania, United States

RIO Brands, Inc. is a supplier of outdoor furniture products including beach chairs, backpack chairs, umbrellas, carts, coolers, and patio furniture. RIO Brands was formed in 1947 and is based in Philadelphia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-08 Kwik Tek

Denver, Colorado, United States

Kwik Tek, Inc. is a designer and supplier of outdoor branded products for the recreational watersports and winter sports markets. Its product line includes towables, inflatables, life jackets, wakeboards, kneeboards, snowshoes, trekking poles, snow sleds, pool floats, lounge items, and related accessories. Kwik Tek supplies products through their trusted consumer brands including Airhead, Sportsstuff, and Yukon Charlie's. Aaron Kramer, founder, CEO and President of Kwik Tek said, "I am excited to be partnering with Falconhead Capital and M3 Outdoor. Their market expertise makes them the perfect partners to help ensure that even more people can enjoy our exciting products.

Buy -
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