M&A Deal Summary
|Target||Munch's Supply Co., Inc.|
PNC Erieview Capital
Stellus Capital Management
Ridgemont Equity Partners
Kayne Anderson Capital Advisors LP
|Sellers(s)||Rotunda Capital Partners|
|Deal Type||Secondary Buyout|
|Advisor(s)||Lincoln International (Financial)
Benesch, Friedlander, Coplan & Aronoff LLP (Legal)
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PNC Erieview Capital is a provider equity and junior capital to middle-market companies throughout the US and Canada. The Firm looks to support private equity sponsor-led buyouts and recapitalizations, non-sponsored buyouts, family office buyouts, and growth equity needs. PNC Erieview typically works with profitable companies (EBITDA greater than $5 million) valued from $20 to $250 million. Areas of interest include distribution, consumer products, healthcare, manufacturing, and services. The Firm was originally known as National City Equity Partners and was established in 1979. PNC Erieview Capital is based in Cleveland, Ohio.
|Overall||13 of 24|
|Sector (Distribution)||2 of 3|
|Type (Secondary Buyout)||4 of 7|
|State (Illinois)||1 of 1|
|Country (United States)||13 of 24|
|Year (2019)||2 of 6|
Cattron Holdings, Inc.
Warren, Ohio, United States
Cattron Holdings, Inc. is a manufacturer of wireless control solutions for safety and mission-critical applications. Since 1946, Cattron has designed, manufactured, and supplied controls that are well recognized and respected in both the rail and industrial markets. Cattron's product portfolio includes complementary machine and operator controls. Cattron Holdings was founded in 1946 and is based in Warren, Ohio.
Signature Systems Group LLC
Flower Mound, Texas, United States
Signature Systems Group LLC is a manufacturer of composite mats for worksite safety and ground protection. Signature Systems Group’s products are utilized in the construction, power transmission, infrastructure, energy, and special events industries. Signature Systems Group LLC was based in Flower Mound, Texas.
Stellus Capital Management is a provider of debt and equity capital to middle-market companies headquartered throughout the US and Canada. For credit commitments, Stellus looks to provide $10 to $50 million of capital to help support buyouts, acquisitions, recapitalization, growth opportunities, rescue financing, distressed situations, as well as bridge loans. Sectors' of interest for Stellus' credit practice includes business services, energy, general industrial, government, healthcare, software and specialty finance. Stellus' equity practice seeks to provide $30 to $50 million to small and mid-sized energy (upstream, oilfield services, midstream) companies. Stellus Capital was originally formed in 2004 as Laminar Direct Capital and operated as the direct investing unit of D.E. Shaw. The Group became independent in 2012. Stellus has offices in Houston, New York City, and Washington DC.
|Overall||7 of 11|
|Sector (Distribution)||2 of 2|
|Type (Secondary Buyout)||2 of 3|
|State (Illinois)||1 of 2|
|Country (United States)||7 of 11|
|Year (2019)||1 of 1|
Orlando, Florida, United States
Fleetgistics, Inc. is a provider of outsourced same-day, dedicated route logistics services to customers predominantly located on the east coast of the United States. Fleetgistics was formed in 1987 and is based in Orlando, Florida.
Milan, Illinois, United States
Elliott Aviation is a second-generation, family-owned business aviation company offering a complete menu of high-quality products and services including aircraft sales, avionics service & installations, aircraft maintenance, accessory repair & overhaul, paint, and interior.
Ridgemont Equity Partners is an independent private equity firm specializing in middle market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invests $25 - $100 million in companies with EBIDTA of $5 - $30 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina and has additional offices in Dallas, Texas.
|Overall||108 of 117|
|Sector (Distribution)||9 of 9|
|Type (Secondary Buyout)||19 of 23|
|State (Illinois)||5 of 6|
|Country (United States)||94 of 103|
|Year (2019)||2 of 3|
WhiteWater Midstream LLC
Austin, Texas, United States
WhiteWater Midstream is a midstream oil and gas company focused on building traditional gathering and processing infrastructure for upstream companies in areas lacking infrastructure. WhiteWater Midstream was founded in 2016 and is based in Austin, Texas.
The Speech Pathology Group, Inc.
Walnut Creek, California, United States
The Speech Pathology Group, Inc. is a school and center-based provider of comprehensive speech and language services and behavioral intervention in Northern California. The Speech Pathology Group was established in 1989 and is based in Walnut Creek, California.
Kayne Anderson Capital Advisors is an alternative investment management firm focused on hedge funds, public funds, energy private equity, growth private equity, real estate private equity, and mezzanine finance opportunities. Kayne's energy private equity group focuses on $20 to $100 million investments in high-growth exploration and production, midstream and oilfield service companies. The energy group considers both majority or minority stakes in public and private businesses. Kayne's growth private equity practice involves structured investments in public and private companies looking for capital to finance expansion. This group will also consider middle-market leveraged transactions and management buyouts. Kayne's real estate private equity group invests in established, cash-flow generating projects. Areas of interest include student housing and campus-oriented retail properties, amongst other opportunistic investments. The Group looks for acquisitions of $25 to $100 million. Kayne's mezzanine team looks to provide $20 to $35 million of capital for mid-market businesses with $100 to $500 million of sales and $10 to $50 million of EBITDA. Kayne Capital Advisors was formed in 1984 and is based in Los Angeles with additional offices in Armonk, New York; New York City, and Houston.
|Overall||159 of 169|
|Sector (Distribution)||1 of 1|
|Type (Secondary Buyout)||6 of 6|
|State (Illinois)||2 of 3|
|Country (United States)||144 of 152|
|Year (2019)||4 of 6|
Conshohocken, Pennsylvania, United States
Kinetiq is a unified TV intelligence network, offering paid and earned media measurement, monitoring and signaling across local, national and global markets. Kinetiq is based in Conshohocken, Pennsylvania.
PAK Development LLC
Midland, Texas, United States
PAK Development is a private exploration and production company based in Midland, Texas that focuses on the acquisition and development of oil and gas properties in the Permian Basin.
Rotunda Capital Partners is a private equity firm which invests equity and debt capital in established and profitable lower middle market companies. The Company targets businesses valued between $30 and $150 million with defensible market positions and strong growth prospects. Sectors of interest include financial services, business services, manufacturing, government services, insurance services, logistics and distribution, retail, and consumer. Rotunda Capital Partners is based in Bethesda, Maryland with an additional office in Chicago.
|Overall||4 of 6|
|Sector (Distribution)||1 of 1|
|Type (Secondary Buyout)||2 of 2|
|State (Illinois)||1 of 1|
|Country (United States)||4 of 6|
|Year (2019)||1 of 3|
MacQueen Equipment LLC
St. Paul, Minnesota, United States
MacQueen Equipment LLC sells Elgin street sweepers, Vactor trucks, Oshkosh snow removal equipment, and Heil refuses trucks to municipalities and commercial customers, including utilities and contractors throughout Minnesota, Iowa, Nebraska, and Wisconsin. In addition, MacQueen sells Pierce fire apparatus throughout Minnesota, North Dakota, South Dakota, Nebraska, and Missouri. MacQueen is one of the few national dealers to provide a full suite of services, including maintenance, parts, and supplies used equipment sales and a robust rental fleet.
Discount Ramps LLC (DRC Holdings)
Germantown, Wisconsin, United States
Discount Ramps LLC is an online retailer of loading, hauling and transportation products. Offering more than 11,000 products, the company primarily services the power sport, medical, recreational, commercial, transportation, military, and industrial markets. Discount Ramps was founded in 2000 and is based in Germantown, Wisconsin.