M&A Deal Summary

Gen Cap America and Midwest Mezzanine Funds Acquire L.W. Allen

On October 27, 2015, private equity firm Gen Cap America and mezzanine finance firm Midwest Mezzanine Funds acquired business services company L.W. Allen

Acquisition Highlights
  • This is Gen Cap America’s 3rd and Midwest Mezzanine Funds’ 5th transaction in the Business Services sector.
  • This is Gen Cap America’s 40th and Midwest Mezzanine Funds’ 50th transaction in the United States.
  • This is Gen Cap America’s 1st and Midwest Mezzanine Funds’ 4th transaction in Wisconsin.
Investment Fate
  • L.W. Allen was sold to a strategic buyer in 2021.

M&A Deal Summary

Date 2015-10-27
Target L.W. Allen
Sector Business Services
Buyer(s) Gen Cap America
Midwest Mezzanine Funds
Deal Type Buyout (LBO, MBO, MBI)

Target

L.W. Allen

Madison, Wisconsin, United States
website
L.W. Allen manufactures water and wastewater control systems and distributes industrial and heavy-duty pumps to municipal and industrial customers. The company’s electrical control solutions, marketed under the Altronex brand name, provide the hardware, software, and services used by operators to control water and wastewater systems. It also designs, distributes, installs, and services water and wastewater treatment pump systems. L.W. Allen was formed in 1961 and is based in Madison, Wisconsin.

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Buyer(S) 2

Buyer

Gen Cap America

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1988
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Gen Cap America, Inc. is a private investment firm focused on acquisitions and recapitalization of mid-sized businesses. Gen Cap looks to invest in privately held companies or non-core divestitures generating $5 to $100 million in annual revenues. Gen Cap prefers businesses operating in basic industries, such as manufacturing, distribution, and services. The Firm avoids investing in real estate or 'high-tech' businesses. Gen Cap America was formed in 1988 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 41 of 55
Sector (Business Services) 3 of 5
Type (Buyout (LBO, MBO, MBI)) 33 of 42
State (Wisconsin) 1 of 2
Country (United States) 40 of 54
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-17 Canfield Technologies

Sayreville, New Jersey, United States

Canfield Technologies, Inc. is a manufacturer of solder, pastes and preforms for metal joining, used in the electronics, plumbing and jewellery industries.

Buy $23M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-09 OFM

Holly Springs, North Carolina, United States

OFM, Inc. is a designer and distributor of branded office furniture. The Company sells and distributes a wide array of office furniture products throughout the United States and Canada.

Sell -
Buyer

Midwest Mezzanine Funds

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1992
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Midwest Mezzanine Funds (MMF) is a provider of junior capital to lower middle-market, US and Canadian companies. MMF looks to invest $4 to $15 million to support buyouts, acquisition financings, recapitalizations, and growth capital needs. Prospective companies generally have consistent profits ($3 million of EBITDA), low capital intensity, and sustainable competitive advantages. Broad areas of interest include manufacturing, value-added distribution, and services. MMF will not invest in high technology, energy, or real estate. Midwest Mezzanine was formed in 1992 and has offices in Chicago and Monroe, Michigan.


DEAL STATS #
Overall 50 of 81
Sector (Business Services) 5 of 11
Type (Buyout (LBO, MBO, MBI)) 24 of 32
State (Wisconsin) 4 of 4
Country (United States) 50 of 81
Year (2015) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-10 Driven Performance Brands

Santa Rosa, California, United States

Driven Performance Brands is a manufacturer of automotive aftermarket products. The Company was founded in 1953 and is based in Santa Rosa, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-08 JENSEN HUGHES

Baltimore, Maryland, United States

JENSEN HUGHES, Inc. is a consulting firm specializing in fire protection engineering, fire code consulting and related life safety services in commercial, institutional, and industrial facilities.

Sell -