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New State Capital Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, New State Capital Partners has acquired 5 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 4 companies. The Firm’s most common exit type is trade sale (40%). 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 Activity24
    • M&A Buy Activity19
    • M&A Sell Activity5
  • Total Sectors Invested 16
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 9
  • 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 ≤ '20 '21 '22 '23 '24 '25 T
Buy (1.6/yr) # 11 3 2 1 2 - 19
Sell (0.8/yr) # 1 - 1 1 1 1 5
vol $140M $140M
  24

Most Recent M&A

Company Date Value Type
Mako Steel LP 2025-03-25 - Trade Sale
Carlsbad, California · www.makosteel.com
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
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 (15%) - 2 (11%) -
Construction 1 (8%) - 2 (11%) -
Information Technology 1 (8%) - 2 (11%) -
Business Services 1 (8%) - 1 (5%) -
Distribution 1 (8%) - 1 (5%) -
Energy Services and Equipment 1 (8%) - 1 (5%) -
Engineering 1 (8%) - 1 (5%) -
Financial Services - - 1 (5%) -
Healthcare Services - - 1 (5%) -
Internet Software and Services 1 (8%) - 1 (5%) -
Machinery - - 1 (5%) -
Media 1 (8%) - 1 (5%) -
Medical Products - - 1 (5%) -
Metals/Mining 1 (8%) - 1 (5%) -
Safety/Security 1 (8%) - 1 (5%) -
Staffing 1 (8%) - 1 (5%) -
Total 13 - 19 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 12 (92%) - 18 (95%) -
  Texas 2 (15%) - 3 (16%) -
  California 2 (15%) - 3 (16%) -
  Pennsylvania 2 (15%) - 2 (11%) -
  New Jersey 2 (15%) - 2 (11%) -
  Oklahoma 1 (8%) - 2 (11%) -
  Maryland 1 (8%) - 1 (5%) -
  Kansas 1 (8%) - 1 (5%) -
  Colorado 1 (8%) - 1 (5%) -
  Rhode Island - - 1 (5%) -
  Michigan - - 1 (5%) -
  Massachusetts - - 1 (5%) -
Canada 1 (8%) - 1 (5%) -
  Ontario 1 (8%) - 1 (5%) -
Domestic 12 (92%) - 18 (95%) -
Cross-border 1 (8%) - 1 (5%) -
Total 13 - 19 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 8 (62%) - 9 (47%) -
Growth Capital 3 (23%) - 6 (32%) -
Divestiture 1 (8%) - 2 (11%) -
Recapitalization 1 (8%) - 1 (5%) -
Secondary Buyout - - 1 (5%) -
Total 13 - 19 -

Exits by Deal Type

Type Total # Value
Trade Sale 2 (40%) 140M (100%)
Secondary Sale 2 (40%) -
Recapitalization 1 (20%) -
Total 5 $140M

Top M&A Advisors

Financial Deals
Piper Sandler & Co.
 4
Kroll
 2
Citizens Capital Markets
 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)
60%
3 (60%)
Strategic(s)
40%
2 (40%)

Investor Summary

Investor Type

Private Equity Firm

Size

Middle-Market

PE Assets

700M USD

Established

2014

Specialist/Generalist

Generalist

Leadership

David Blechman

Founder & Principal

Kristin Brown Patrick

Senior Operating Partner

Marc Herdegen

Senior Operating Partner

Steve Moore

Senior Operating Partner

John Beauclair

Senior Principal

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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