Granite Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

Granite Partners’ most common sectors for investment aremanufacturing (16%) and semiconductors (16%) . The Firm’s most common investment types include growth capital (31%) and buyout (lbo, mbo, mbi) (24%). In total, Granite Partners has invested in 3 US states. Its largest (disclosed) acquisition occurred in 2004 when it acquired Dezurik for $30M.

The Firm’s most common exit type is trade sale (67%). Granite Partners’ largest (disclosed) exit occurred in 2012 when it sold Hoonuit for $19M.

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M&A Summary

  • M&A Total Activity19
    • M&A Buy Activity13
    • M&A Sell Activity6
  • Total Sectors Invested 10
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 11

Granite Partners

122 12th Avenue North, Suite 201,
St. Cloud, Minnesota 56303
United States
(320) 251-1800
www.granite.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: East US, Midwest US, South US, West 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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 13 - - - - - 13
vol $30M $30M
Sell (0.0/yr) # 6 - - - - - 6
vol $19M $19M
  19

Most Recent M&A

Company Date Value Type
Aeration Industries International LLC 2018-03-06 - Trade Sale
Chaska, Minnesota · www.aireo2.com
Altimate Medical, Inc. 2017-12-07 - Secondary Buyout
Morton, Minnesota · www.altimatemedical.com
Massman Automation Designs LLC 2016-05-02 - Stake Purchase
Villard, Minnesota · www.themassmancompanies.com
XL Specialized Trailers, Inc. 2016-02-05 - Trade Sale
Manchester, Iowa · www.xlspecializedtrailer.com
Circuit Check, Inc. 2015-12-23 - Secondary Sale
Maple Grove, Minnesota · www.circuitcheck.com
WebEquity Solutions LLC 2014-06-09 - Trade Sale
Omaha, Nebraska · www.webequitysolutions.com
Geo-Comm, Inc. 2013-05-20 - Stake Purchase
St. Cloud, Minnesota · www.geocomm.com
Hoonuit LLC 2012-04-12 19M USD Secondary Sale
Minneapolis, Minnesota · www.hoonuit.com
Asset Recovery Corp. 2012-02-27 - Trade Sale
St. Paul, Minnesota · www.assetrecoverycorp.com
Aeration Industries International LLC 2010-12-31 - Growth Capital
Chaska, Minnesota · www.aireo2.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Dezurik, Inc. 2004-12-31 Red Valve Co., Inc. 2021-01-01 2
Sartell, Minnesota · www.dezurik.com Pittsburgh, Pennsylvania · www.redvalve.com

M&A by Sector

Sector Current # Value All-time # Value
Manufacturing 2 (29%) 30M (100%) 2 (15%) 30M (100%)
Environmental - - 2 (15%) -
Semiconductors 1 (14%) - 2 (15%) -
Internet Software and Services - - 1 (8%) -
Life Science 1 (14%) - 1 (8%) -
Machinery - - 1 (8%) -
Medical Products 1 (14%) - 1 (8%) -
Packaging 1 (14%) - 1 (8%) -
Software 1 (14%) - 1 (8%) -
Test/Measurement Equipment - - 1 (8%) -
Total 7 $30M 13 $30M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 7 (100%) 30M (100%) 13 (100%) 30M (100%)
  Minnesota 7 (100%) 30M (100%) 11 (85%) 30M (100%)
  Nebraska - - 1 (8%) -
  Iowa - - 1 (8%) -
Total 7 $30M 13 $30M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 1 (14%) - 4 (31%) -
Buyout (LBO, MBO, MBI) 1 (14%) - 3 (23%) -
Secondary Buyout 1 (14%) - 2 (15%) -
Stake Purchase 2 (29%) - 2 (15%) -
Divestiture 1 (14%) 30M (100%) 1 (8%) 30M (100%)
Recapitalization 1 (14%) - 1 (8%) -
Total 7 $30M 13 $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
Investor(s)
15%
2 (15%)
Strategic(s)
8%
1 (8%)
Exited to
Investor(s)
17%
1 (17%)
Strategic(s)
67%
4 (67%)

Investor Summary

Investor Type

Private Equity Firm

Size

Small

Established

2002

Specialist/Generalist

Generalist

Leadership

Richard Bauerly

Co-founder & CEO

Patrick Edeburn

Co-Founder & Operating Partner

Carol O’shea

CFO

Greg Schumacher

Partner

Shelly Bauerly Kopel

Partner

FAQ

When was Granite Partners founded?

Granite Partners was founded in 2002.

What type of investor is Granite Partners?

Granite Partners is a private equity firm.

Where is Granite Partners headquartered?

Granite Partners is headquartered in St. Cloud, Minnesota.

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