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Investment Summary

Milestone Venture Group Exits Pentacon

On March 1, 1998, invested in distribution company Pentacon from Milestone Venture Group

Investment Highlights
  • This is transaction in the Distribution sector.
  • This is transaction in the United States.
  • This is transaction in California.
Investment Fate
  • Pentacon was sold to a strategic buyer in 2002 for 121M USD.

Investment Summary
Date 1998-03-01
Target Pentacon
Sector Distribution
Sellers(s) Milestone Venture Group
Deal Type IPO

Target

Pentacon

Chatsworth, California, United States
Pentacon is a provisioner of advanced inventory management services for fasteners and small parts including procurement, just- in-time delivery, quality assurance testing, kitting, and e-commerce and electronic data interchange to a broad spectrum of industrial and aerospace customers.

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Seller(S) 1

SELLER

Milestone Venture Group

Houston, Texas, United States
Category Private Equity Firm
Founded 1997
Size Small
Type Sector Agnostic
DESCRIPTION

Milestone Venture Group is a private equity investment firm that focuses on acquiring small to mid market companies. Milestone focuses on investments in the Southwest US in sectors including distribution, manufacturing, service, and value-added processing. Milestone's investment horizon is four to six years. The Firm will not invest in start-ups, pure construction companies, real estate projects, energy exploration or high-tech companies where no revenue-producing product or service line exists. Milestone Venture Group is based in Houston, Texas.

DEAL STATS #
Overall 1 of 6
Sector: Distribution M&A 1 of 2
Type: IPO M&A Deals 1 of 2
State: California M&A 1 of 1
Country: United States M&A 1 of 5
Year: 1998 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-02-01 Tracer Industries

Houston, Texas, United States

Tracer Industries, Inc is a petrochemical and industrial services company based in Houston, Texas with offices in Louisiana and Canada. The company provides turnkey design, engineering and construction of heat traced piping in petrochemical and industrial applications.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-10-01 Oilfield Bearing Industries

Spring, Texas, United States

The company is a leading worldwide distributor of specialized bearings used in oilfield service equipment. The company maintains a larger supply of specialized oilfield bearings under one roof than any other distributor in the world. This transaction included a partial recapitalization of the company and the sale of a controlling interest in the company by the owners, who were also top management. Since the investment was made, the company has expanded internationally and now has offices in Canada, Scotland and the United Arab Emirates.

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Mergr

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