Investment Summary

Exits Glass America

On July 1, 2013, invested in consumer services company Glass America from Founders Equity and Main Street Resources

Investment Highlights
  • This is transaction in the Consumer Services sector.
  • This is transaction in the United States.
  • This is transaction in Illinois.

Investment Summary

Date 2013-07-01
Target Glass America
Sector Consumer Services
Sellers(s) Founders Equity
Main Street Resources
Deal Type Trade Sale

Target

Glass America

Chicago, Illinois, United States
website
Glass America conducts an automobile glass repair and replacement business in 22 states.

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Seller(S) 2

SELLER

Founders Equity

New York, New York, United States

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1969
PE ASSETS 160M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Founders Equity is a private equity firm that looks to lead lower middle-market company investments. Founders looks to invest up to $10 million of equity in companies with revenues between $20 and $150 million and cash-flow between $2 and $15 million. Sectors of interest include business and marketing services, outsourcing and logistics, healthcare services, environmental services, security systems, oilfield services, consumer products and services, food/food Services, franchising, and niche manufacturing. Prospective transactions are generally located East of the Rocky Mountains and include management buyouts, recapitalizations, turnarounds, growth financings, take privates, and corporate divestitures. Founders Equity was formed in 1969 and is based in New York City.


DEAL STATS #
Overall 3 of 6
Sector (Consumer Services) 1 of 1
Type (Trade Sale) 1 of 1
State (Illinois) 2 of 2
Country (United States) 3 of 6
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-01 In The Swim

West Chicago, Illinois, United States

In The Swim is a multi-channel direct marketer of swimming pool supplies and equipment to the residential and commercial swimming pool markets in the United States. Products include chemicals, covers and liners, equipment, parts, and accessories, which are sold through a catalog, internet, telesales, retail, and wholesale channels. In The Swim was founded in 1982 and is based in West Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-23 Stone Source

New York, New York, United States

Stone Source provides natural stone, porcelain tile, ceramic tile, glass tile, engineered stone, and reclaimed wood. Stone Source also distributes products for residential applications. Stone Source was founded in 1988 and is based in New York City.

Sell -
SELLER

Main Street Resources

Westport, Connecticut, United States

Investor

website


Category Private Equity Firm
Founded 1998
Size Small
Type Sector Agnostic
DESCRIPTION

Main Street Resources is a private equity firm that targets controlling or minority investments in middle-market businesses located in the Northeast US. Main Street typically invests $2 to $10 million in companies with $10 to $75 million of revenue. Prospective transaction situations include privatizations, management buy-outs, the funding of growth capital and add-on acquisitions, and buyouts of passive or unproductive shareholders. Main Sreet will not invest in startups, technology companies or turnarounds. Main Street Resources was formed in 1998 and is based in Westport, Connecticut.


DEAL STATS #
Overall 7 of 8
Sector (Consumer Services) 1 of 1
Type (Trade Sale) 1 of 1
State (Illinois) 1 of 1
Country (United States) 6 of 7
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-15 Morgan Contracting

Knoxville, Tennessee, United States

Morgan Contracting is a construction contractor for water and wastewater infrastructure. MCI’s services include pipeline installation, design/build of wastewater treatment plants and pump stations, and tunneling for local municipalities and water authorities across the United States. Morgan Contracting was established in 1989 and is based in Knoxville, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-04 The Roberts Company

Winterville, North Carolina, United States

The Roberts Company, Inc. is an industrial construction, fabricator, and plant maintenance contractor. TRC's field services division specializes in providing plant maintenance, plant retrofits and expansion services largely in the Mid-Atlantic region, while its fabrication division manufactures ASME code pressure vessels, heat exchangers, reactors, columns, conveyors, skids/ducts/piping, high purity equipment and storage tanks for customers in the United States and abroad.

Sell $500K