M&A Deal Summary

Ironwood Capital, LongueVue Capital and Long Point Capital Acquire STG Logistics

On January 1, 2012, growth capital firm Ironwood Capital, private equity firm LongueVue Capital and private equity firm Long Point Capital acquired transportation company STG Logistics

Acquisition Highlights
  • This is Ironwood Capital’s 1st, LongueVue Capital’s 2nd and Long Point Capital’s 1st transaction in the Transportation sector.
  • This is Ironwood Capital’s 28th, LongueVue Capital’s 7th and Long Point Capital’s 14th transaction in the United States.
  • This is Ironwood Capital’s 2nd, LongueVue Capital’s 1st and Long Point Capital’s 2nd transaction in Illinois.
Investment Fate
  • STG Logistics was sold to a consortium of financial buyers in 2016.

M&A Deal Summary

Date 2012-01-01
Target STG Logistics
Sector Transportation
Buyer(s) Ironwood Capital
LongueVue Capital
Long Point Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

STG Logistics

Bensenville, Illinois, United States
STG Logistics is a provider of facilities-based containerized logistics services including container deconsolidation, reconsolidation, transloading, warehousing, and outsourced transportation solutions including final mile delivery. STG Logistics was founded in 1985 and is based in Bensenville, Illinois.

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Buyer(S) 3

Buyer

Ironwood Capital

Avon, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1986
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $10 to $40 million in companies generating $20 to $250 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.


DEAL STATS #
Overall 28 of 93
Sector (Transportation) 1 of 4
Type (Buyout (LBO, MBO, MBI)) 14 of 28
State (Illinois) 2 of 4
Country (United States) 28 of 93
Year (2012) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-24 Numet

Orange, Connecticut, United States

Numetis a manufacturer of precision machined parts, kits, and assemblies for jet turbine engines for a wide variety of commercial and military aircraft. Numet serves original equipment manufacturers including GE Aircraft Engines and Pratt & Whitney Aircraft, as well as the Department of Defense. Numet was founded in 1983 and is based in Orange, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-30 Katahdin Industries

Dedham, Massachusetts, United States

Katahdin Industries is a provider of high-tolerance coating applications and specialized metal-finishing technology and services through two business segments. Katahdin Industries was founded in 1969 and is based in Dedham, Massachusetts.

Buy -
Buyer

LongueVue Capital

Metairie, Louisiana, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LongueVue Capital is a private equity company that targets profitable, small to mid-sized companies generating up to $150 million of revenue. LongueVue will consider a variety of investment situations, including corporate divestitures and buyouts, recapitalization/acquisitions of family owned businesses with transition challenges, and turnarounds. LongueVue Capital was formed in 2001 and is based in Metairie, Louisiana.


DEAL STATS #
Overall 7 of 31
Sector (Transportation) 2 of 7
Type (Buyout (LBO, MBO, MBI)) 3 of 4
State (Illinois) 1 of 1
Country (United States) 7 of 31
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-18 Directmail.io

Mandeville, Louisiana, United States

Directmail.io offers marketers and advertising agencies a dashboard where dynamic analytics measure response, gain valuable consumer insight, and gauge individual social influence, allowing retailers to remarket their product more efficiently. Directmail.io was founded in 2008 and is based in Mandeville, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-14 Blue Dot Energy Services

Bridgeport, West Virginia, United States

Blue Dot provides a broad array of mission critical oilfield services to E&P companies and drillers operating in the prolific Marcellus Shale and the burgeoning Utica Shale.

Sell $75M
Buyer

Long Point Capital

Royal Oak, Michigan, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 315M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Long Point Capital is a private equity firm that targets investments in mid-sized North American companies where current management looks to continue on with the business. Sectors of interest include manufacturing, distribution, and services. Long Point prefers to be the lead investor and looks for businesses generating sales of $30 to $200 million and EBITDA of at least $5 million. Prospective transaction types include recapitalizations, growth equity investments, industry consolidations, generational ownership changes, and management buyouts. Long Point was formed in 1998 and is based in Royal Oak, Michigan with an additional office in New York City.


DEAL STATS #
Overall 15 of 24
Sector (Transportation) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 10 of 11
State (Illinois) 2 of 2
Country (United States) 14 of 21
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-26 Mestel

Boston, Massachusetts, United States

Mestel provides temporary and permanent legal staff, including attorneys, discovery specialists, paralegals, coders, litigation support professionals, and contract administrators to corporate legal departments and law firms nationwide primarily for e-discovery review management. Mestel was founded in 1987 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-26 Savage Arms

Westfield, Massachusetts, United States

Savage Arms is a manufacturer of hunting rifles and shotguns, delivering innovative products for more than 100 years. Savage Arms was formed in 1894 and is based in Westfield, Massachusetts.

Sell -