Patriot Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Patriot Capital has acquired 9 companies. It has also invested in 6 others.

Patriot Capital’s most common sectors for investment arebusiness services (11%) and automotive (6%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (31%) and growth capital (25%). In total, Patriot Capital has invested in 30 US states. Its largest (disclosed) acquisition occurred in 2007 when it acquired Aircraft Fasteners International for $14M.

In the last 3 years, Patriot Capital has exited 12 companies. The Firm’s most common exit type is trade sale (58%). Patriot Capital’s largest (disclosed) exit occurred in 2011 when it sold Fairchild Industrial Products for $76M.

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M&A Summary

  • M&A Total Activity158
    • M&A Buy Activity108
    • M&A Sell Activity50
  • Total Sectors Invested 38
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 93

Patriot Capital

Patriot Capital

509 South Exeter Street, Suite 210,
Baltimore, Maryland 21202
United States
(443) 573-3010
www.patriot-capital.com
info@patriot-capital.com

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $5 to $25 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.


Investment Criteria

Sectors of Interest: Aerospace, Apparel/Textiles, Automotive, Building Materials, Business Services, Chemicals, Communications, Construction, Consumer Products, Consumer Services, Distribution, E-Commerce, Education, Electrical Equipment, Energy Services and Equipment, Engineering, Environmental, Financial Services, Food, Furniture, Healthcare Services, Information Technology, Infrastructure, Internet Software and Services, Leisure, Life Science, Machinery, Manufacturing, Marketing, Medical Products, Metals/Mining, Publishing, Software, Staffing, Technology Hardware, Test/Measurement Equipment, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Growth Capital, Recapitalization, Secondary Buyout

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

Transaction Criteria Min Max
Target Revenue 10 200
Target EBITDA - -
Investment Size 5 25
Enterprise Value 15 100
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (3.6/yr) # 90 3 2 6 5 2 108
vol $17M $17M
Sell (2.8/yr) # 36 2 6 2 1 3 50
vol $128M $128M
  158

Most Recent M&A

Company Date Value Type
Long Island Waste Services LLC 2024-08-22 - Recapitalization
Jericho, New York · www.liwasteservices.com
United Urology Group 2024-08-20 - Trade Sale
Owings Mills, Maryland · www.unitedurology.com
Carson-Dellosa Publishing Group LLC 2024-08-05 - Trade Sale
Greensboro, North Carolina · www.carsondellosa.com
SMG Extol, Inc. 2024-06-18 - Trade Sale
Fremont, California · www.dl-global.com
Central States Bus Sales, Inc. 2024-02-15 - Recapitalization
Fenton, Missouri · www.centralstatesbus.com
Salem One 2023-10-17 - Growth Capital
Winston-Salem, North Carolina · www.salem-one.com
Alloy Wheel Repair Specialists, Inc. 2023-06-26 - Buyout (LBO, MBO, MBI)
Norcross, Georgia · www.awrswheelrepair.com
Race Technologies 2023-06-01 - Buyout (LBO, MBO, MBI)
Irvine, California · www.racetechnologies.com
EastPoint Sports Ltd. 2023-03-13 - Merger
Succasunna, New Jersey · www.eastpointsports.com
Turnwell Mental Health Network 2023-03-02 - Growth Capital
Dallas, Texas · www.turnwellmentalhealth.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
American Equipment Solutions 2021-06-10 Pacific Crane & Hoist 2021-06-10 3
Salt Lake City, Utah · www.amquipinc.com Brea, California · www.pacificcranehoist.com
Maysteel Industries LLC 2017-04-25 Porter’s Group Holdings LLC 2019-12-23 3
Allenton, Wisconsin · www.maysteel.com Bessemer City, North Carolina · www.portersgroup.com
MSI Express, Inc. 2019-05-01 Express Packaging, Inc. 2019-05-01 2
Portage, Indiana · www.msiexpress.com Columbus, Ohio · www.expk.co
GT Technologies, Inc. 2017-02-07 Betty Machine, Inc. 2018-07-11 1
Westland, Michigan · www.gttechnologies.com Hendersonville, Tennessee · www.bettymachine.com
Maysteel Industries LLC 2017-04-25 Damac Products, Inc. 2017-12-18 2
Allenton, Wisconsin · www.maysteel.com La Mirada, California · www.damac.com
Chandler Industries, Inc. 2011-04-01 Premier Precision Group LLC 2013-02-12 3
Blaine, Minnesota · www.chandlerindustries.com Minneapolis, Minnesota · www.premierprecision.com

M&A by Sector

Sector Current # Value All-time # Value
Business Services 6 (14%) - 11 (10%) -
Distribution 2 (5%) - 6 (6%) 14M (82%)
Automotive 5 (12%) - 6 (6%) -
Manufacturing 2 (5%) - 6 (6%) -
Transportation 2 (5%) - 6 (6%) -
Communications 1 (2%) - 5 (5%) -
Environmental 2 (5%) - 5 (5%) -
Aerospace 2 (5%) - 4 (4%) -
Consumer Products 1 (2%) - 4 (4%) -
Consumer Services 1 (2%) - 4 (4%) -
Semiconductors 2 (5%) - 4 (4%) -
Electrical Equipment 1 (2%) - 3 (3%) -
Food 3 (7%) - 3 (3%) -
Packaging 2 (5%) - 3 (3%) -
Staffing 2 (5%) - 3 (3%) -
Machinery 1 (2%) 3M (100%) 2 (2%) 3M (18%)
Apparel/Textiles - - 2 (2%) -
Building Materials - - 2 (2%) -
Chemicals 1 (2%) - 2 (2%) -
Electronics - - 2 (2%) -
Energy Services and Equipment - - 2 (2%) -
Healthcare Services 1 (2%) - 2 (2%) -
Internet Software and Services - - 2 (2%) -
Marketing 1 (2%) - 2 (2%) -
Medical Products - - 2 (2%) -
Metals/Mining 1 (2%) - 2 (2%) -
Software - - 2 (2%) -
Construction 1 (2%) - 1 (1%) -
E-Commerce - - 1 (1%) -
Financial Services - - 1 (1%) -
Forest Products 1 (2%) - 1 (1%) -
Furniture 1 (2%) - 1 (1%) -
Information Technology - - 1 (1%) -
Leisure - - 1 (1%) -
Oil/Gas Exploration - - 1 (1%) -
Real Estate - - 1 (1%) -
Technology Hardware 1 (2%) - 1 (1%) -
Test/Measurement Equipment - - 1 (1%) -
Total 43 $3M 108 $17M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 43 (100%) 3M (100%) 108 (100%) 17M (100%)
  Texas 6 (14%) - 14 (13%) -
  California 5 (12%) - 12 (11%) 14M (82%)
  North Carolina 2 (5%) - 7 (6%) -
  Maryland 1 (2%) - 7 (6%) -
  New York 2 (5%) - 6 (6%) -
  Wisconsin 4 (9%) - 5 (5%) -
  Missouri 2 (5%) - 5 (5%) -
  Virginia 1 (2%) - 5 (5%) -
  New Jersey 1 (2%) - 5 (5%) -
  Florida 4 (9%) - 4 (4%) -
  Ohio 1 (2%) - 4 (4%) -
  Michigan 1 (2%) - 4 (4%) -
  Tennessee - - 3 (3%) -
  Georgia 2 (5%) - 2 (2%) -
  Utah 2 (5%) - 2 (2%) -
  Oregon 2 (5%) - 2 (2%) -
  Arizona 1 (2%) - 2 (2%) -
  Washington 1 (2%) - 2 (2%) -
  Pennsylvania 1 (2%) - 2 (2%) -
  Indiana 1 (2%) - 2 (2%) -
  Colorado - - 2 (2%) -
  Louisiana - - 2 (2%) -
  Illinois - - 2 (2%) -
  Minnesota 1 (2%) 3M (100%) 1 (1%) 3M (18%)
  Alabama 1 (2%) - 1 (1%) -
  Kansas 1 (2%) - 1 (1%) -
  West Virginia - - 1 (1%) -
  Vermont - - 1 (1%) -
  Oklahoma - - 1 (1%) -
  Massachusetts - - 1 (1%) -
Total 43 $3M 108 $17M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 11 (26%) 3M (100%) 33 (31%) 17M (100%)
Growth Capital 11 (26%) - 27 (25%) -
Recapitalization 6 (14%) - 19 (18%) -
Secondary Buyout 10 (23%) - 14 (13%) -
Consolidation 3 (7%) - 6 (6%) -
Add-on Acquisition 1 (2%) - 2 (2%) -
Divestiture - - 2 (2%) -
Venture - - 2 (2%) -
Acquisition Financing 1 (2%) - 1 (1%) -
PIPE - - 1 (1%) -
Stake Purchase - - 1 (1%) -
Total 43 $3M 108 $17M

Exits by Deal Type

Type Total # Value
Trade Sale 22 (44%) 45M (35%)
Trade Sale - Public Company 8 (16%) 83M (65%)
Secondary Sale 7 (14%) -
Unknown 4 (8%) -
Merger 3 (6%) -
Recapitalization 3 (6%) -
Bankruptcy 2 (4%) -
Divestiture 1 (2%) -
Total 50 $128M

Deal Values

buy # Total
< $100M 2 $17M
TOTAL $17M
Largest Aircraft Fasteners International LLC
$14M (2007-11-06)
sell # Total
< $100M 3 $128M
TOTAL $128M
Largest Fairchild Industrial Products Co.
$76M (2011-11-18)

M&A Connections

Deals
Acquired from
Investor(s)
17%
18 (17%)
Strategic(s)
2%
2 (2%)
Exited to
Investor(s)
18%
9 (18%)
Strategic(s)
62%
31 (62%)

FAQ

What type of investor is Patriot Capital?

Patriot Capital is a private equity firm.

Where is Patriot Capital headquartered?

Patriot Capital is headquartered in Baltimore, Maryland.

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