New State Capital Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, New State Capital Partners has acquired 8 companies.

New State Capital Partners’ most common sectors for investment areaerospace (11%) and construction (11%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (48%) and growth capital (32%). In total, New State Capital Partners has invested in 11 US states and 2 different countries.

In the last 3 years, New State Capital Partners has exited 3 companies. The Firm’s most common exit type is secondary buyout (50%). New State Capital Partners’ largest (disclosed) exit occurred in 2018 when it sold Central Conveyor for $140M.

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M&A Summary

  • M&A Total Activity23
    • M&A Buy Activity19
    • M&A Sell Activity4
  • Total Sectors Invested 16
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 8
  • M&A Advisors 8

New State Capital Partners

New State Capital Partners

2001 Palmer Avenue, Suite 205,
Larchmont, New York 10538
United States
(212) 675-1600
www.newstatecp.com
info@newstatecp.com

New State Capital Partners is a private investment group focused on middle-market opportunities in the business services, healthcare and industrial sectors. The Firm will consider both majority and minority investments in funding a variety of situations. New State can invest up to $100 million in transactions valued up to $250 million. The Firm was formed in 2013 and is based in New York City.


Investment Criteria

Sectors of Interest: Aerospace, Automotive, Business Services, Chemicals, Construction, Distribution, Engineering, Environmental, Healthcare Services, Information Technology, Internet Software and Services, Machinery, Manufacturing, Metals/Mining, Safety/Security, Staffing, Transportation

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

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

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 8 40
Investment Size 10 100
Enterprise Value 25 250
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.0/yr) # 9 2 3 2 1 2 19
Sell (0.6/yr) # 1 - - 1 1 1 4
vol $140M $140M
  23

Most Recent M&A

Company Date Value Type
The Expo Group 2024-09-26 - Buyout (LBO, MBO, MBI)
Irving, Texas · www.theexpogroup.com
Universal Plant Services - Rotating Equipment Segment 2024-08-14 - Divestiture
Deer Park, Texas
NWN Carousel 2024-02-08 - Secondary Sale
Exeter, Rhode Island · www.nwncarousel.com
Finnoff Aviation Co., Inc. 2023-06-15 - Buyout (LBO, MBO, MBI)
Broomfield, Colorado · www.finnoff.com
United Medical Systems, Inc. 2023-06-01 - Secondary Sale
Westborough, Massachusetts · www.ums-usa.com
Afimac Global, Inc. 2022-08-24 - Buyout (LBO, MBO, MBI)
Guelph, Ontario · www.afimacglobal.com
Capitol Pain Institute 2022-06-27 - Recapitalization
Austin, Texas · www.capitolpain.com
Patuxent Roofing & Contracting, Inc. 2022-04-26 - Buyout (LBO, MBO, MBI)
Millersville, Maryland · www.paxservicesgroup.com
AVEX, Inc. 2021-12-21 - Buyout (LBO, MBO, MBI)
Camarillo, California · www.newavex.com
Wilmington Paper Corp. 2021-11-12 - Buyout (LBO, MBO, MBI)
Pine Brook, New Jersey · www.wilmingtonpaper.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Afimac Global, Inc. 2022-08-24 Agility Recovery Solutions, Inc. 2023-11-30 1
Guelph, Ontario · www.afimacglobal.com Las Vegas, Nevada · www.agilityrecovery.com

M&A by Sector

Sector Current # Value All-time # Value
Aerospace 2 (14%) - 2 (11%) -
Construction 2 (14%) - 2 (11%) -
Information Technology 1 (7%) - 2 (11%) -
Business Services 1 (7%) - 1 (5%) -
Distribution 1 (7%) - 1 (5%) -
Energy Services and Equipment 1 (7%) - 1 (5%) -
Engineering 1 (7%) - 1 (5%) -
Financial Services - - 1 (5%) -
Healthcare Services - - 1 (5%) -
Internet Software and Services 1 (7%) - 1 (5%) -
Machinery - - 1 (5%) -
Media 1 (7%) - 1 (5%) -
Medical Products - - 1 (5%) -
Metals/Mining 1 (7%) - 1 (5%) -
Safety/Security 1 (7%) - 1 (5%) -
Staffing 1 (7%) - 1 (5%) -
Total 14 - 19 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 13 (93%) - 18 (95%) -
  California 3 (21%) - 3 (16%) -
  Texas 2 (14%) - 3 (16%) -
  New Jersey 2 (14%) - 2 (11%) -
  Pennsylvania 2 (14%) - 2 (11%) -
  Oklahoma 1 (7%) - 2 (11%) -
  Maryland 1 (7%) - 1 (5%) -
  Kansas 1 (7%) - 1 (5%) -
  Colorado 1 (7%) - 1 (5%) -
  Michigan - - 1 (5%) -
  Massachusetts - - 1 (5%) -
  Rhode Island - - 1 (5%) -
Canada 1 (7%) - 1 (5%) -
  Ontario 1 (7%) - 1 (5%) -
Domestic 13 (93%) - 18 (95%) -
Cross-border 1 (7%) - 1 (5%) -
Total 14 - 19 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 9 (64%) - 9 (47%) -
Growth Capital 3 (21%) - 6 (32%) -
Divestiture 1 (7%) - 2 (11%) -
Recapitalization 1 (7%) - 1 (5%) -
Secondary Buyout - - 1 (5%) -
Total 14 - 19 -

Exits by Deal Type

Type Total # Value
Secondary Sale 2 (50%) -
Trade Sale 1 (25%) 140M (100%)
Recapitalization 1 (25%) -
Total 4 $140M

Top M&A Advisors

Financial Deals
Piper Sandler & Co.
3
Citizens Capital Markets
2
Duff & Phelps Corp.
2
Legal Deals
Morgan Lewis
7

Deal Values

sell # Total
$100M to $1B 1 $140M
TOTAL $140M
Largest Central Conveyor Co. Inc.
$140M (2018-06-15)

M&A Connections

Deals
Acquired from
Investor(s)
5%
1 (5%)
Strategic(s)
11%
2 (11%)
Exited to
Investor(s)
75%
3 (75%)
Strategic(s)
25%
1 (25%)

FAQ

When was New State Capital Partners founded?

New State Capital Partners was founded in 2014.

What type of investor is New State Capital Partners?

New State Capital Partners is a private equity firm.

Where is New State Capital Partners headquartered?

New State Capital Partners is headquartered in Larchmont, New York.

How much capital does New State Capital Partners have under management?

New State Capital Partners has 700M USD under management.

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