Granite Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Granite Partners has invested in 1 company.

Granite Partners’ most common sectors for investment areenvironmental (15%) and manufacturing (15%) . The Firm’s most common investment types include growth capital (36%) and buyout (lbo, mbo, mbi) (22%). In total, Granite Partners has invested in 4 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 Activity20
- M&A Buy Activity14
- M&A Sell Activity6
Total Sectors Invested 11
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		≤ '20	'21	'22	'23	'24	'25	T
Buy (0.2/yr)	#	13	-	1	-	-	-	14
Buy (0.2/yr)	vol	$30M						$30M
Sell (0.0/yr)	#	6	-	-	-	-	-	6
Sell (0.0/yr)	vol	$19M						$19M
								20

Most Recent M&A

Company	Date	Value	Type
Strongwell	2022-10-01	-	Growth Capital
Bristol, Virginia · www.strongwell.com
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
Alexandria, Minnesota · www.massman.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
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 (25%)	30M (100%)	2 (14%)	30M (100%)
Environmental	-	-	2 (14%)	-
Semiconductors	1 (13%)	-	2 (14%)	-
Building Materials	1 (13%)	-	1 (7%)	-
Internet Software and Services	-	-	1 (7%)	-
Life Science	1 (13%)	-	1 (7%)	-
Machinery	-	-	1 (7%)	-
Medical Products	1 (13%)	-	1 (7%)	-
Packaging	1 (13%)	-	1 (7%)	-
Software	1 (13%)	-	1 (7%)	-
Test/Measurement Equipment	-	-	1 (7%)	-
Total	8	$30M	14	$30M

Acquisitions By Geo

State/Country		Current #	Value	All-time #	Value
United States		8 (100%)	30M (100%)	14 (100%)	30M (100%)
	Minnesota	7 (88%)	30M (100%)	11 (79%)	30M (100%)
	Virginia	1 (13%)	-	1 (7%)	-
	Nebraska	-	-	1 (7%)	-
	Iowa	-	-	1 (7%)	-
Total		8	$30M	14	$30M

Acquisitions by Deal Type

Type	Current #	Value	All-time #	Value
Growth Capital	2 (25%)	-	5 (36%)	-
Buyout (LBO, MBO, MBI)	1 (13%)	-	3 (21%)	-
Secondary Buyout	1 (13%)	-	2 (14%)	-
Stake Purchase	2 (25%)	-	2 (14%)	-
Divestiture	1 (13%)	30M (100%)	1 (7%)	30M (100%)
Recapitalization	1 (13%)	-	1 (7%)	-
Total	8	$30M	14	$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)	14%	2 (14%)
Strategic(s)	7%	1 (7%)
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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Granite Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

M&A Summary

Granite Partners

Granite Partners

Investment Criteria

M&A Summary

Buy vs Sell

Most Recent M&A

Portfolio M&A

M&A by Sector

Acquisitions By Geo

Acquisitions by Deal Type

Exits by Deal Type

Deal Values

M&A Connections

Investor Summary

Investor Type

Size

Established

Specialist/Generalist

Leadership

Richard Bauerly

Patrick Edeburn

Carol O’shea

Greg Schumacher

Shelly Bauerly Kopel

FAQ

When was Granite Partners founded?

What type of investor is Granite Partners?

Where is Granite Partners headquartered?

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