Midwest Mezzanine Funds Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Midwest Mezzanine Funds has acquired 9 companies. It has also invested in 10 others.

Midwest Mezzanine Funds’ most common sectors for investment are business services (11%) and consumer products (11%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (40%) and growth capital (18%). In total, Midwest Mezzanine Funds has invested in 27 US states. Its largest (disclosed) acquisition occurred in 2004 when it acquired Culligan International for $610M.

In the last 3 years, Midwest Mezzanine Funds has exited 6 companies. The Firm’s most common exit type is secondary buyout (49%). Midwest Mezzanine Funds’ largest (disclosed) exit occurred in 2004 when it sold Castle Dental Centers for $56M.

Join Mergr to view Midwest Mezzanine Funds’ full profile and discover more middle-market private equity firms just like it.

M&A Summary

  • M&A Total Activity116
    • M&A Buy Activity75
    • M&A Sell Activity41
  • Total Sectors Invested 30
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 77
  • M&A Advisors 1

Midwest Mezzanine Funds

55 West Monroe Street, Suite 3650,
Chicago, Illinois 60603
United States
(312) 291-7300
www.mmfcapital.com
info@mmfcapital.com

Midwest Mezzanine Funds (MMF) is a provider of junior capital to lower middle-market, US and Canadian companies. MMF looks to invest $4 to $15 million to support buyouts, acquisition financings, recapitalizations, and growth capital needs. Prospective companies generally have consistent profits ($3 million of EBITDA), low capital intensity, and sustainable competitive advantages. Broad areas of interest include manufacturing, value-added distribution, and services. MMF will not invest in high technology, energy, or real estate. Midwest Mezzanine was formed in 1992 and has offices in Chicago and Monroe, Michigan.


Investment Criteria

Sectors of Interest: Automotive, Beverages, Building Materials, Business Services, Consumer Products, Consumer Services, Distribution, Education, Electrical Equipment, Electronics, Engineering, Environmental, Financial Services, Food, Franchising, Life Science, Machinery, Manufacturing, Marketing, Media, Medical Products, Metals/Mining, Packaging, Plastics, Publishing, Safety/Security, Technology Hardware, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Acquisition Financing, Stake Purchase

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

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 3 -
Investment Size 4 15
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (4.6/yr) # 52 4 3 5 9 2 75
vol $676M $676M
Sell (1.6/yr) # 33 2 3 1 - 2 41
vol $179M $179M
  116

Most Recent M&A

Company Date Value Type
Affordable Water Heaters and Plumbing, Inc. 2020-07-17 - Buyout (LBO, MBO, MBI)
Valencia, California · www.awhap.com
DCM Services LLC 2020-02-25 - Recapitalization
Minneapolis, Minnesota · www.dcmservices.com
RW Specialties, Inc. 2020-01-31 - Growth Capital
Henderson, Colorado · www.rwspecialties.com
Skyline Displays, Inc. 2020-01-15 - Secondary Buyout
St. Paul, Minnesota · www.skyline.com
CALco Pallet Co. 2019-12-20 - Growth Capital
Richmond, Illinois · www.usacalco.com
Pan-Am Dental LLC 2019-12-01 - Growth Capital
Fairfax, Virginia · www.panamdental.com
FireKing International LLC 2019-12-01 - Secondary Buyout
New Albany, Indiana · www.fireking.com
Astar Heating & Air LLC 2019-08-01 - Secondary Buyout
Middletown, New York · www.astarheating.com
LSC Environmental Products LLC 2019-06-10 - Secondary Buyout
Apalachin, New York · www.lscenv.com
Pelton Shepherd Industries, Inc. 2019-06-01 - Growth Capital
Stockton, California · www.peltonshepherd.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Astar Heating & Air LLC 2019-08-01 Jones Services 2020-09-02 3
Middletown, New York · www.astarheating.com Goshen, New York · www.jonesservices.com
Astar Heating & Air LLC 2019-08-01 Sila Heating & Air Conditioning 2020-09-01 2
Middletown, New York · www.astarheating.com Annapolis, Maryland · www.sila.com
USSC Group, Inc. 2015-07-31 QTEC Fire Services Pty Ltd. 2020-07-01 4
Exton, Pennsylvania · www.usscgroup.com Willawong , Australia · www.qtecfire.com.au
Astar Heating & Air LLC 2019-08-01 Petcosky & Sons Plumbing, Heating & A/C, Inc. 2020-04-15 1
Middletown, New York · www.astarheating.com Vestal, New York · www.petcosky-sons.com
USSC Group, Inc. 2015-07-31 Firestorm Fire Protection PTY Ltd. 2019-09-30 3
Exton, Pennsylvania · www.usscgroup.com Rutherford, Australia · www.firestormgroup.com.au
Daystar Products International, Inc. 2019-04-01 Revtek Suspension 2019-09-06 2
Phoenix, Arizona · www.daystarweb.com West Jordan, Utah · www.revtek.com
Daystar Products International, Inc. 2019-04-01 Tuff Country, Inc. 2019-04-01 1
Phoenix, Arizona · www.daystarweb.com West Jordan, Utah · www.tuffcountry.com
USSC Group, Inc. 2015-07-31 Child Check-Mate System, Inc. 2019-03-25 2
Exton, Pennsylvania · www.usscgroup.com Navan, Ontario · www.childcheckmate.com
USSC Group, Inc. 2015-07-31 Vista Brake Lock LLC 2019-01-07 1
Exton, Pennsylvania · www.usscgroup.com Lake Mary, Florida · www.vistabrakelock.com
All Island Media, Inc. 2010-11-04 Pennysaver, Inc. 2018-01-23 1
Hicksville, New York · www.lipennysaver.com Hanover, Maryland · www.mdpennysaver.com

M&A by Sector

Sector Current # Value All-time # Value
Consumer Products 3 (8%) - 8 (11%) 610M (90%)
Business Services 4 (11%) - 8 (11%) -
Distribution 3 (8%) - 6 (8%) -
Automotive 2 (5%) - 4 (5%) -
Electrical Equipment 3 (8%) - 4 (5%) -
Manufacturing 2 (5%) - 4 (5%) -
Safety/Security 2 (5%) - 4 (5%) -
Building Materials - - 3 (4%) -
Medical Products 3 (8%) - 3 (4%) -
Packaging 2 (5%) - 3 (4%) -
Technology Hardware 2 (5%) - 3 (4%) -
Healthcare Services - - 2 (3%) 66M (10%)
Apparel/Textiles 1 (3%) - 2 (3%) -
Environmental 2 (5%) - 2 (3%) -
Information Technology 1 (3%) - 2 (3%) -
Marketing - - 2 (3%) -
Software - - 2 (3%) -
Construction 1 (3%) - 1 (1%) -
Education - - 1 (1%) -
Electronics 1 (3%) - 1 (1%) -
Food - - 1 (1%) -
Forest Products 1 (3%) - 1 (1%) -
Franchising - - 1 (1%) -
Furniture - - 1 (1%) -
Internet Software and Services 1 (3%) - 1 (1%) -
Machinery - - 1 (1%) -
Media - - 1 (1%) -
Publishing 1 (3%) - 1 (1%) -
Staffing 1 (3%) - 1 (1%) -
Test/Measurement Equipment 1 (3%) - 1 (1%) -
Total 37 - 75 $676M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 37 (100%) - 75 (100%) 676M (100%)
  California 5 (14%) - 10 (13%) -
  Illinois 3 (8%) - 8 (11%) 610M (90%)
  Michigan 3 (8%) - 7 (9%) -
  Texas 2 (5%) - 6 (8%) 66M (10%)
  Minnesota 2 (5%) - 5 (7%) -
  Wisconsin 1 (3%) - 5 (7%) -
  New York 4 (11%) - 4 (5%) -
  Indiana 3 (8%) - 4 (5%) -
  Washington 2 (5%) - 2 (3%) -
  Pennsylvania 1 (3%) - 2 (3%) -
  Oregon 1 (3%) - 2 (3%) -
  North Carolina 1 (3%) - 2 (3%) -
  New Jersey 1 (3%) - 2 (3%) -
  Missouri 1 (3%) - 2 (3%) -
  Maryland - - 2 (3%) -
  New Mexico 1 (3%) - 1 (1%) -
  New Hampshire 1 (3%) - 1 (1%) -
  Colorado 1 (3%) - 1 (1%) -
  Arizona 1 (3%) - 1 (1%) -
  Virginia 1 (3%) - 1 (1%) -
  Tennessee 1 (3%) - 1 (1%) -
  Rhode Island 1 (3%) - 1 (1%) -
  Iowa - - 1 (1%) -
  Georgia - - 1 (1%) -
  Florida - - 1 (1%) -
  Alabama - - 1 (1%) -
  Vermont - - 1 (1%) -
Total 37 - 75 $676M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 11 (30%) - 30 (40%) -
Growth Capital 11 (30%) - 13 (17%) -
Recapitalization 4 (11%) - 11 (15%) 66M (10%)
Secondary Buyout 9 (24%) - 10 (13%) -
Stake Purchase - - 6 (8%) -
Divestiture 2 (5%) - 4 (5%) 610M (90%)
Venture - - 1 (1%) -
Total 37 - 75 $676M

Exits by Deal Type

Type Total # Value
Secondary Sale 22 (54%) -
Trade Sale 11 (27%) 56M (31%)
Trade Sale - Public Company 4 (10%) 123M (69%)
Recapitalization 2 (5%) -
Merger 1 (2%) -
Unknown 1 (2%) -
Total 41 $179M

Top M&A Advisors

Financial Deals
BMO Capital Markets
1

Deal Values

buy # Total
$100M to $1B 1 $610M
< $100M 1 $66M
TOTAL $676M
Largest Culligan International Co.
$610M (2004-09-30)
sell # Total
< $100M 4 $179M
TOTAL $179M
Largest Castle Dental Centers, Inc.
$56M (2004-06-17)

M&A Connections

Deals %
Acquired from
PE Firm(s)
82%
14 82%
Strategic(s)
18%
3 18%
Exited to
PE Firm(s)
64%
29 64%
Strategic(s)
36%
16 36%

 Subscribe to unlock this and 155,820
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.0K Private Equity Firms
  • 144K M&A Transactions
  • 152K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.1K M&A Advisors
    (Investment Banks and Law Firms)
  • 45K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.