M&A Deal Summary

KLH Capital and Plexus Capital Acquire Florachem

On August 25, 2007, private equity firms KLH Capital and Plexus Capital acquired distribution company Florachem

Acquisition Highlights
  • This is KLH Capital’s 5th and Plexus Capital’s 1st transaction in the Distribution sector.
  • This is KLH Capital’s 37th and Plexus Capital’s 10th transaction in the United States.
  • This is KLH Capital’s 6th and Plexus Capital’s 1st transaction in Florida.
Investment Fate
  • Florachem was sold to a consortium of financial buyers in 2022.

M&A Deal Summary

Date 2007-08-25
Target Florachem
Sector Distribution
Buyer(s) KLH Capital
Plexus Capital
Deal Type Recapitalization

Target

Florachem

Jacksonville, Florida, United States
Florachem is a distributor of specialty aroma chemicals and essential oils to the fragrance, flavor, consumer, and industrial products industries. Florachem was founded in 1988 and is based in Jacksonville, Florida.

Search 205,705 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer

KLH Capital

Tampa, Florida, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

KLH Capital is a private investment firm focused on smaller company investments in a variety of growing industry sectors. KLH helps provide management teams with capital to facilitate recapitalizations, management buy-outs/buy-ins, family successions, and other ownership transitions. KLH generally pursues companies with $4 to $20 million in pre-tax earnings and will consider opportunities across the US. KLH will not invest in start-ups, high technology, software, biotech, restaurants, retail, real estate development, oil and gas operations, or new construction businesses. KLH Capital is based in Tampa, Florida.


DEAL STATS #
Overall 37 of 68
Sector (Distribution) 5 of 9
Type (Recapitalization) 19 of 39
State (Florida) 6 of 11
Country (United States) 37 of 68
Year (2007) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-25 Everlasting Granite Memorial

Elberton, Georgia, United States

Everlasting Granite is a full service business to business wholesale distributor of granite and bronze memorials.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-25 Energy Hardware Holdings

Greer, South Carolina, United States

Energy Hardware is a value-added, global distributor of fasteners, machined parts, seals, and gaskets to the worldwide power generation industry.

Buy -
Buyer

Plexus Capital

Charlotte, North Carolina, United States


Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 10 of 147
Sector (Distribution) 1 of 4
Type (Recapitalization) 3 of 29
State (Florida) 1 of 18
Country (United States) 10 of 147
Year (2007) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 Seagull Enterprises

Kennesaw, Georgia, United States

Seagull Enterprises, Inc. is a seller of flooring and sub-contracted installation services to multi-family units.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-01 Stone Products

Boston, Massachusetts, United States

Stone Products Corp. is a producer of pre-cast manufactured stone facings for building interiors and exteriors.

Buy -