Granite Creek Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Granite Creek Partners has acquired 4 companies. It has also invested in 9 others.

Granite Creek Partners’ most common sectors for investment arebusiness services (18%) and distribution (9%) . The Firm’s most common investment types include growth capital (35%) and buyout (lbo, mbo, mbi) (35%). In total, Granite Creek Partners has invested in 19 US states and 3 different countries.

In the last 3 years, Granite Creek Partners has exited 2 companies. The Firm’s most common exit type is trade sale (50%). Granite Creek Partners’ largest (disclosed) exit occurred in 2012 when it sold Hughes Telematics for $612M.

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M&A Summary

  • M&A Total Activity44
    • M&A Buy Activity34
    • M&A Sell Activity10
  • Total Sectors Invested 24
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 17

Granite Creek Partners

Granite Creek Partners

222 West Adams Street, Suite 1980,
Chicago, Illinois 60606
United States
(312) 895-4500
www.granitecreek.com
info@granitecreek.com

Granite Creek Partners is a Midwest US-based private equity firm focused on acquiring and investing in mid-sized companies operating in the manufacturing, distribution, business services, healthcare, and food sectors. The Firm looks to commit $7 to $25 million per transaction and can invest across the capital structure, including control/minority equity, mezzanine debt, senior secured debt, and debtor-in-possession loans. Granite Creek Partners was formed in 2005 and is based in Chicago.


Investment Criteria

Sectors of Interest: Agriculture, Apparel/Textiles, Automotive, Business Services, Construction, Consumer Products, Consumer Services, Defense, Distribution, E-Commerce, Food, Healthcare Services, Information Technology, Insurance, Internet Software and Services, Manufacturing, Medical Products, Restaurants, Retail, Software, Technology Hardware, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Going Private, Growth Capital, Recapitalization, Special Situations/Distressed, Venture

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue 25 100
Target EBITDA 3 15
Investment Size 10 30
Enterprise Value 25 150
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.6/yr) # 21 1 4 3 4 1 34
Sell (0.4/yr) # 8 - - 1 1 - 10
vol $657M $657M
  44

Most Recent M&A

Company Date Value Type
The District Communications Group LLC 2024-04-24 - Growth Capital
Washington, District of Columbia · www.dcgcommunications.com
NYP Corp. 2023-11-14 - Buyout (LBO, MBO, MBI)
Elizabeth, New Jersey · www.nyp-corp.com
Salem One 2023-10-17 - Growth Capital
Winston-Salem, North Carolina · www.salem-one.com
Pinstripes, Inc. 2023-05-31 - Growth Capital
Northbrook, Illinois · www.pinstripes.com
CP Direct LLC 2023-02-16 - Growth Capital
Lanham, Maryland · www.cpdirectinc.com
SMS Assist LLC 2023-01-12 - Trade Sale
Chicago, Illinois · www.smsassist.com
Odyssey Aviation U.S. 2022-09-13 - Recapitalization
Nassau, Bahamas · www.odysseyaviation.com
Knox Title 2022-07-31 - Acquisition Financing
Chicago, Illinois · www.knox-title.com
Bundle Today LLC 2022-05-10 - Acquisition Financing
Clarence, New York · www.bundletoday.com
Morrow Sodali Global LLC 2022-04-26 - Stake Sale
New York, New York · www.sodali.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Diamond Blade Warehouse LLC 2021-10-29 Peak Toolworks 2023-12-13 1
Vernon Hills, Illinois · www.diamondbladewarehouse.com Jasper, Indiana · www.peaktoolworks.com
Knox Title 2022-07-31 Lenders Title Group 2022-08-16 1
Chicago, Illinois · www.knox-title.com Greenbrier, Arkansas · www.lenderstitlegroup.com

M&A by Sector

Sector Current # Value All-time # Value
Business Services 4 (20%) - 6 (17%) -
Distribution 2 (10%) - 3 (9%) -
Chemicals 1 (5%) - 2 (6%) -
Medical Products 2 (10%) - 2 (6%) -
Retail - - 2 (6%) -
Transportation 1 (5%) - 2 (6%) -
Aerospace 1 (5%) - 1 (3%) -
Apparel/Textiles - - 1 (3%) -
Automotive - - 1 (3%) -
Beverages 1 (5%) - 1 (3%) -
Construction - - 1 (3%) -
Consumer Services 1 (5%) - 1 (3%) -
Defense 1 (5%) - 1 (3%) -
Financial Services 1 (5%) - 1 (3%) -
Food - - 1 (3%) -
Healthcare Services - - 1 (3%) -
Information Technology 1 (5%) - 1 (3%) -
Leisure 1 (5%) - 1 (3%) -
Machinery - - 1 (3%) -
Manufacturing 1 (5%) - 1 (3%) -
Publishing 1 (5%) - 1 (3%) -
Real Estate 1 (5%) - 1 (3%) -
Software - - 1 (3%) -
Technology Hardware - - 1 (3%) -
Total 20 - 35 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 19 (95%) - 33 (94%) -
  Illinois 5 (25%) - 9 (26%) -
  New York 2 (10%) - 4 (11%) -
  District of Columbia 2 (10%) - 2 (6%) -
  New Jersey 2 (10%) - 2 (6%) -
  Texas 1 (5%) - 2 (6%) -
  Colorado 1 (5%) - 1 (3%) -
  California 1 (5%) - 1 (3%) -
  North Carolina 1 (5%) - 1 (3%) -
  Minnesota 1 (5%) - 1 (3%) -
  Maryland 1 (5%) - 1 (3%) -
  Louisiana 1 (5%) - 1 (3%) -
  Iowa 1 (5%) - 1 (3%) -
  Georgia - - 1 (3%) -
  Florida - - 1 (3%) -
  Wisconsin - - 1 (3%) -
  Pennsylvania - - 1 (3%) -
  Missouri - - 1 (3%) -
  Michigan - - 1 (3%) -
  Massachusetts - - 1 (3%) -
Bahamas 1 (5%) - 1 (3%) -
Australia - - 1 (3%) -
Domestic 19 (95%) - 33 (94%) -
Cross-border 1 (5%) - 2 (6%) -
Total 20 - 35 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 6 (30%) - 12 (34%) -
Growth Capital 10 (50%) - 12 (34%) -
Stake Purchase 1 (5%) - 5 (14%) -
Acquisition Financing 2 (10%) - 2 (6%) -
Consolidation - - 1 (3%) -
Divestiture - - 1 (3%) -
Recapitalization 1 (5%) - 1 (3%) -
Venture - - 1 (3%) -
Total 20 - 35 -

Exits by Deal Type

Type Total # Value
Trade Sale 4 (40%) 45M (7%)
Secondary Sale 2 (20%) -
Trade Sale - Public Company 1 (10%) 612M (93%)
Bankruptcy 1 (10%) -
Shut Down 1 (10%) -
Stake Sale 1 (10%) -
Total 10 $657M

Deal Values

sell # Total
$100M to $1B 1 $612M
< $100M 1 $45M
TOTAL $657M
Largest Hughes Telematics, Inc.
$612M (2012-07-26)

M&A Connections

Deals
Acquired from
Investor(s)
3%
1 (3%)
Strategic(s)
3%
1 (3%)
Exited to
Investor(s)
30%
3 (30%)
Strategic(s)
50%
5 (50%)

Investor Summary

Investor Type

Private Equity Firm

Size

Middle-Market

PE Assets

400M USD

Established

2005

Specialist/Generalist

Generalist

Leadership

Brian Boorstein

Co-Founder & Managing Partner

Peter Lehman

Co-Founder & Partner

Mark Radzik

Co-founder & Managing Partner

James Clark

Partner

Angie Kuna

CFO

FAQ

When was Granite Creek Partners founded?

Granite Creek Partners was founded in 2005.

What type of investor is Granite Creek Partners?

Granite Creek Partners is a private equity firm.

Where is Granite Creek Partners headquartered?

Granite Creek Partners is headquartered in Chicago, Illinois.

How much capital does Granite Creek Partners have under management?

Granite Creek Partners has 400M USD under management.

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