M&A Deal Summary

Hillcrest Capital Partners Acquires DP Doors & Millwork

On October 1, 2018, private equity firm Hillcrest Capital Partners acquired building materials company DP Doors & Millwork

Acquisition Highlights
  • This is Hillcrest Capital Partners’ 2nd transaction in the Building Materials sector.
  • This is Hillcrest Capital Partners’ 5th transaction in the United States.
  • This is Hillcrest Capital Partners’ 1st transaction in Montana.

M&A Deal Summary

Date 2018-10-01
Target DP Doors & Millwork
Sector Building Materials
Buyer(s) Hillcrest Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

DP Doors & Millwork

Bozeman, Montana, United States
DP Doors & Millwork offers prepped, pre-cut and pre-finished door and trim packages to builders and homeowners primarily in the Gallatin Valley region of Montana. The Company was founded in 2005 and headquartered in Bozeman, Montana.

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Buyer(S) 1

Buyer

Hillcrest Capital Partners

Minneapolis, Minnesota, United States

Investor Investor


Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Hillcrest Capital Partners is a Midwest private equity firm focused on lower middle-market acquisitions in the Midwest US. The Firm targets businesses generating sales of $6 to $20 million and EBITDA of $1 to $3 million. Hillcrest typically looks to acquire controlling interests in family-owned businesses or companies where the founder is looking for liquidity. Hillcrest does not have any sector preferences, as long as the market is stable/growing and non-regulated. Hillcrest does not invest in turnarounds or venture investments. Hillcrest Capital was formed in 2002 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 5 of 5
Sector (Building Materials) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 5 of 5
State (Montana) 1 of 1
Country (United States) 5 of 5
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-26 Premier Restaurant Equipment Company

Minneapolis, Minnesota, United States

Premier Restaurant Equipment Company LLC is a provider of foodservice design services and dealer of heavy commercial kitchen equipment, fixtures, millwork and furniture. Premier provides equipment to venues with food and beverage needs such as restaurants, casinos, senior care and healthcare facilities, airports, hotels, schools, prisons and convention centers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-01 Bedford Technology

Worthington, Minnesota, United States

Bedford Technology is a manufacturer of recycled plastic products, including lumber, pilings, site furnishings (benches, seats, and tables), signs, and a variety of other products. Bedford Technology was founded in 1998 and is based in Worthington, Minnesota.

Sell -