Granite Equity Partners Mergers and Acquisitions Summary

Private Equity Profile

Granite Equity Partners’ most common sectors for investment are environmental (19%) and machinery (19%). The Firm’s most common investment types include growth capital (37%) and buyout (lbo, mbo, mbi) (28%). In total, Granite Equity Partners has invested in 3 US states. Its largest (disclosed) acquisition occurred in 2004 when it acquired Dezurik for $30M.

In the last 3 years, Granite Equity Partners has exited 1 company. The Firm’s most common exit type is trade sale (67%). Granite Equity Partners’ largest (disclosed) exit occurred in 2012 when it sold Hoonuit for $19M.

Join Mergr to view Granite Equity Partners’ full profile and discover more small private equity firms just like it.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity11
    • M&A Sell Activity6
  • Total Sectors Invested 8
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 10

Granite Equity Partners

122 12th Avenue North, Suite 201,
St. Cloud, Minnesota 56303
United States
(320) 251-1800
www.graniteequity.com
info@graniteequity.com

Granite Equity Partners is a private equity firm that invests in established companies headquartered in the upper Midwest, with a preference for Minnesota based opportunities. Granite looks for businesses in a wide range of industries and targets management buyouts, recapitalizations, and growth capital financing transactions. Prospective companies generally have revenues between $10 to $100 million and EBITDA between $1 to $5 million. Granite Equity Partners was formed in 2002 and is based in St. Cloud, Minnesota with additional office in Northfield, Minnesota.


Investment Criteria

Sectors of Interest: Agriculture, Building Materials, Communications, Consumer Services, Distribution, Education, Electrical Equipment, Electronics, Environmental, Financial Services, Internet Software and Services, Life Science, Machinery, Manufacturing, Marketing, Media, Software, Test/Measurement Equipment

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization

Geographic Preferences: Midwest US

Transaction Criteria Min Max
Target Revenue 10 100
Target EBITDA 1 5
Investment Size - -
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.2/yr) # 10 - 1 - - - 11
vol $30M $30M
Sell (0.4/yr) # 4 1 - 1 - - 6
vol $19M $19M
  17

Most Recent M&A

Company Date Value Type
Aeration Industries International LLC 2018-03-06 - Add-on Acquisition
Chaska, Minnesota · www.aireo2.com
Altimate Medical, Inc. 2017-12-07 - Secondary Buyout
Morton, Minnesota · www.easystand.com
XL Specialized Trailers, Inc. 2016-02-05 - Add-on Acquisition
Manchester, Iowa · www.xlspecializedtrailer.com
Circuit Check, Inc. 2015-12-23 - Secondary Buyout
Maple Grove, Minnesota · www.circuitcheck.com
WebEquity Solutions LLC 2014-06-09 - Add-on Acquisition
Omaha, Nebraska · www.webequitysolutions.com
Hoonuit LLC 2012-04-12 19M USD Secondary Sale
Minneapolis, Minnesota · www.hoonuit.com
Asset Recovery Corp. 2012-02-27 - Add-on Acquisition
St. Paul, Minnesota · www.assetrecoverycorp.com
Aeration Industries International LLC 2010-12-31 - Growth Capital
Chaska, Minnesota · www.aireo2.com
GEOTEK, Inc. 2009-02-04 - Growth Capital
Stewartville, Minnesota · www.geotekinc.com
WebEquity Solutions LLC 2008-05-09 - Growth Capital
Omaha, Nebraska · www.webequitysolutions.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Dezurik, Inc. 2004-12-31 Hilton Valve, Inc. 2012-06-29 1
Sartell, Minnesota · www.dezurik.com Redmond, Washington · www.hiltonvalve.com

M&A by Sector

Sector Current # Value All-time # Value
Machinery 1 (20%) 30M (100%) 2 (18%) 30M (100%)
Environmental - - 2 (18%) -
Semiconductors 1 (20%) - 2 (18%) -
Internet Software and Services - - 1 (9%) -
Life Science 1 (20%) - 1 (9%) -
Manufacturing 1 (20%) - 1 (9%) -
Medical Products 1 (20%) - 1 (9%) -
Test/Measurement Equipment - - 1 (9%) -
Total 5 $30M 11 $30M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 5 (100%) 30M (100%) 11 (100%) 30M (100%)
  Minnesota 5 (100%) 30M (100%) 9 (82%) 30M (100%)
  Nebraska - - 1 (9%) -
  Iowa - - 1 (9%) -
Total 5 $30M 11 $30M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 1 (20%) - 4 (36%) -
Secondary Buyout 2 (40%) 30M (100%) 3 (27%) 30M (100%)
Buyout (LBO, MBO, MBI) 1 (20%) - 3 (27%) -
Recapitalization 1 (20%) - 1 (9%) -
Total 5 $30M 11 $30M

Exits by Deal Type

Type Total # Value
Trade Sale 3 (50%) -
Secondary Sale 2 (33%) 19M (100%)
Trade Sale - Public Company 1 (17%) -
Total 6 $19M

Deal Values

buy # Total
< $100M 1 $30M
TOTAL $30M
Largest Dezurik, Inc.
$30M (2004-12-31)
sell # Total
< $100M 1 $19M
TOTAL $19M
Largest Hoonuit LLC
$19M (2012-04-12)

M&A Connections

Deals %
Acquired from
PE Firm(s)
75%
3 75%
Strategic(s)
25%
1 25%
Exited to
PE Firm(s)
33%
2 33%
Strategic(s)
67%
4 67%

 Subscribe to unlock this and 151,932
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 3.9K Private Equity Firms
  • 139K M&A Transactions
  • 148K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.1K M&A Advisors
    (Investment Banks and Law Firms)
  • 41K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.