M&A Deal Summary

Gen Cap America and Tenth Street Capital Acquire Van Pool

On October 1, 2008, private equity firm Gen Cap America and mezzanine finance firm Tenth Street Capital acquired transportation company Van Pool

Acquisition Highlights
  • This is Gen Cap America’s 1st and Tenth Street Capital’s 1st transaction in the Transportation sector.
  • This is Gen Cap America’s 20th and Tenth Street Capital’s 11th transaction in the United States.
  • This is Gen Cap America’s 1st and Tenth Street Capital’s 2nd transaction in Massachusetts.
Investment Fate
  • Van Pool was sold to a consortium of financial buyers in 2014.
  • Van Pool was sold to a consortium of financial buyers in 2018.

M&A Deal Summary

Date 2008-10-01
Target Van Pool
Sector Transportation
Buyer(s) Gen Cap America
Tenth Street Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Van Pool

Wilbraham, Massachusetts, United States
Van Pool is a provider of transportation services for special needs and homeless students in Massachusetts, Connecticut, and New Hampshire. Van Pool was founded in 1980 and is based in Wilbraham, Massachusetts.

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Buyer(S) 2

Buyer

Gen Cap America

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor


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 $10 to $200 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 21 of 57
Sector: Transportation M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 18 of 44
State: Massachusetts M&A 1 of 3
Country: United States M&A 20 of 56
Year: 2008 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-01 Thomas Pipe & Supply

Phoenix, Arizona, United States

Thomas Pipe & Supply LLC is a value added distributor of industrial pipe, valves, fittings and flanges (PVF) to the MRO and industrial markets. The company is the largest PVF distributor in the state of Arizona. Customers include industrial contractors, manufacturing facilities, hospitals, schools, service contractors, power plants and original equipment manufacturers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-01 Advantage Medical Professional

Metairie, Louisiana, United States

Advantage Medical Professional is an operator of a nurse staffing company that has offices throughout Louisiana, Texas, and Mississippi. Advantage Medical Professional has helped thousands of registered nurses and licensed nurses find ideal positions that fit their lifestyles. Advantage Medical Professional was founded in 1984 and is based in Metairie, Louisiana.

Buy -
Buyer

Tenth Street Capital

Chattanooga, Tennessee, United States

Investor Investor


Category Mezzanine Finance Firm
Founded 2005
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tenth Street Capital is an independent investment firm that seeks to invest in lower middle-market companies operating in a broad range of industries. The Firm provides mezzanine and equity co-investments to profitable businesses with strong market positions and diverse customers. Areas of interest include manufacturing, distribution, and services. Investment proceeds are generally used to support acquisitions, buyouts, and recapitalizations. Tenth Street Capital was formed in 2005 and is based in Chattanooga, Tennessee.


DEAL STATS #
Overall 11 of 35
Sector: Transportation M&A 1 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 25
State: Massachusetts M&A 2 of 2
Country: United States M&A 11 of 35
Year: 2008 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-01 Thomas Pipe & Supply

Phoenix, Arizona, United States

Thomas Pipe & Supply LLC is a value added distributor of industrial pipe, valves, fittings and flanges (PVF) to the MRO and industrial markets. The company is the largest PVF distributor in the state of Arizona. Customers include industrial contractors, manufacturing facilities, hospitals, schools, service contractors, power plants and original equipment manufacturers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-01 Advantage Medical Professional

Metairie, Louisiana, United States

Advantage Medical Professional is an operator of a nurse staffing company that has offices throughout Louisiana, Texas, and Mississippi. Advantage Medical Professional has helped thousands of registered nurses and licensed nurses find ideal positions that fit their lifestyles. Advantage Medical Professional was founded in 1984 and is based in Metairie, Louisiana.

Buy -