M&A Deal Summary

Monomoy Capital Partners Acquires West Marine

On June 29, 2017, private equity firm Monomoy Capital Partners acquired retailer West Marine for 338M USD

Acquisition Highlights
  • This is Monomoy Capital Partners’ 1st transaction in the Retail sector.
  • This is Monomoy Capital Partners’ 2nd largest (disclosed) transaction.
  • This is Monomoy Capital Partners’ 27th transaction in the United States.
  • This is Monomoy Capital Partners’ 1st transaction in Florida.
Investment Fate
  • West Marine was sold to a consortium of financial buyers in 2021.

M&A Deal Summary
Date 2017-06-29
Target West Marine
Sector Retail
Buyer(s) Monomoy Capital Partners
Deal Type Going Private
Deal Value 338M USD
Advisor(s) Guggenheim Securities (Financial)
Sidley (Legal)

Target

West Marine

Fort Lauderdale, Florida, United States
website
West Marine's headquarters in Fort Lauderdale, Florida.
West Marine's headquarters in Fort Lauderdale, Florida.
West Marine is an omnichannel specialty retailer exclusively offering boating gear, apparel, footwear and other waterlife-related products. The Company has more than 250 stores located in 38 US states and Puerto Rico and an eCommerce website reaching domestic, international and professional customers. West Marine was founded in 1968 and is based in Fort Lauderdale, Florida.

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Buyer(S) 1

Buyer

Monomoy Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2005
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Monomoy Capital Partners is a private equity firm that invests in mid to large-sized companies valued up to $1 billion. Monomoy prefers cash flow positive companies with $20 to $100 million of EBITDA. Sectors of interest include automotive, industrial, distribution, consumer products, packaging, and transportation. Monomoy Capital Partners was formed in 2005 and is headquartered in New York City.

DEAL STATS #
Overall 27 of 43
Sector (Retail) 1 of 1
Type (Going Private) 2 of 2
State (Florida) 1 of 4
Country (United States) 27 of 43
Year (2017) 3 of 4
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-15 Klaussner

Asheboro, North Carolina, United States

Klaussner manufactures and distributes furniture and furniture components in the US. Klaussner supplies upholstery, casegoods, and specialty sleep products to large home furnishings retailers, regional retailers and online retailers. The Company manufactures over 70% of its products domestically through its five manufacturing campuses in North Carolina. The remaining products are sourced from strategic partners in Vietnam and China. Klaussner was founded in 1963 and is based in Asheboro, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-30 Katun

Minneapolis, Minnesota, United States

Katun Corp. is a provider of OEM-equivalent imaging supplies, photoreceptors, parts and fuse rollers for copiers. The Company sells more than 5,000 products to copier dealers and distributors around the world. Katun was founded in 1979 and is based in Minneapolis, Minnesota.

Sell -
Mergr

Product

Company

Legal