M&A Deal Summary

Holleway Capital Partners, NewSpring Capital and Aldine Capital Partners Acquire Braner

On June 26, 2024, private equity firm Holleway Capital Partners, private equity firm NewSpring Capital and mezzanine finance firm Aldine Capital Partners acquired machinery company Braner

Acquisition Highlights
  • This is Holleway Capital Partners’ 3rd, NewSpring Capital’s 1st and Aldine Capital Partners’ 3rd transaction in the Machinery sector.
  • This is Holleway Capital Partners’ 8th, NewSpring Capital’s 191st and Aldine Capital Partners’ 67th transaction in the United States.
  • This is Holleway Capital Partners’ 4th, NewSpring Capital’s 6th and Aldine Capital Partners’ 11th transaction in Illinois.

M&A Deal Summary

Date 2024-06-26
Target Braner
Sector Machinery
Buyer(s) Holleway Capital Partners
NewSpring Capital
Aldine Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Prairie Capital Advisors Inc. (Financial)

Target

Braner

Schiller Park, Illinois, United States
Braner is a specialist in the design and construction of ultra-precision high-performance flat rolled coil processing and automated coil handling systems. Braner’s highly engineered systems process carbon steel, brass, copper, aluminum, stainless and electrical steels, among others, to precise width, length and gauge tolerances. Braner was founded in 1956 and is based in Schiller Park, Illinois.

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Buyer(S) 3

DESCRIPTION

Holleway Capital Partners is a private investment firm focused on investing in and acquiring lower middle-market, Midwest US-based companies in the manufacturing, distribution, and services sectors. The Firm looks for opportunities where ownership is looking for liquidity. Target companies typically exhibit $10 to $100 million of revenue and up to $10 million of EBITDA. Holleway Capital Partners was formed in 2016 and has offices in St. Louis, Missouri and Omaha, Nebraska.


DEAL STATS #
Overall 8 of 8
Sector (Machinery) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 5 of 5
State (Illinois) 4 of 4
Country (United States) 8 of 8
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 Barco Products

Batavia, Illinois, United States

Barco Products is a designer, manufacturer, and distributor of commercial outdoor site furnishings and traffic safety products. Barco Products was formed in 1985 and is based in Batavia, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-23 T-Tek Material Handling

Montgomery, Alabama, United States

T-TEK Material Handling is a manufacturer of high-speed palletizing, depalletizing and conveying systems for multiple industries including the beverage industry. The company also design, service, and support high-speed pallet sortation and repair systems. T-Tek Material Handling was founded in 1996 and is based in Montgomery, Alabama.

Sell -
Buyer

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 195 of 199
Sector (Machinery) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 41 of 43
State (Illinois) 6 of 6
Country (United States) 191 of 195
Year (2024) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-06 MAC Panel

High Point, North Carolina, United States

MAC Panel provides connectivity solutions for automated test applications. Its engineering department provides custom or semi-custom, start-to-finish design, and outsourced consulting services that aim to meet all customer needs and reduce time to test. MAC Panel is based in High Point, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-28 Salisbury Moore

Raleigh, North Carolina, United States

Salisbury Moore provides renovation and remodeling services for hotel brands across the U.S. Salisbury Moore also renovates municipal and commercial properties for state agencies and local governments. Salisbury Moore is based in Raleigh, North Carolina.

Buy -
Buyer

Aldine Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Aldine Capital Partners is a mezzanine investment firm that provides mezzanine and junior capital financing to lower middle-market companies generating sales of at least $10 million and at least $2 million in EBITDA. Aldine invests in the range of $4 to $25 million per transaction. Types of transactions include management buyouts, acquisition financings, shareholder liquidity events, recapitalizations, and growth financings of smaller middle-market companies. Aldine will consider investments across the United States, but has a primary focus on opportunities in the Midwest. The Firm will not consider investments in start-ups, turnarounds, real estate, insurance, banking, and oil/gas. Aldine Capital was formed in 2005 and is based in Chicago, Illinois.


DEAL STATS #
Overall 67 of 70
Sector (Machinery) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 25 of 25
State (Illinois) 11 of 11
Country (United States) 67 of 70
Year (2024) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-20 Preferred Mortgage Services

Henderson, Nevada, United States

Preferred Mortgage Services is an independent provider of mortgage servicing solutions for the financial industry, providing loan accounting, investor reporting, account reconciliation, and other services to a wide spectrum of mortgage servicers. Its cloud-based exception management platform, Q, comprehensively supports investor reporting and accounting needs. Preferred Mortgage Services is based in Henderson, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-27 Integrity Pump & Motor

Fairview, Tennessee, United States

Integrity Pump & Motor manufacturing pump and motor to solve customers' problems and equipment needs. Integrity Pump & Motor is based in Fairview, Tennessee.

Buy -