New State Capital Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, New State Capital Partners has acquired 6 companies. It has also invested in 1 other.

New State Capital Partners’ most common sectors for investment areconstruction (19%) and information technology (13%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (38%) and growth capital (38%). In total, New State Capital Partners has invested in 12 US states and 2 different countries.

In the last 3 years, New State Capital Partners has exited 3 companies. The Firm’s most common exit type is secondary buyout (50%). New State Capital Partners’ largest (disclosed) exit occurred in 2018 when it sold Central Conveyor for $140M.

Join Mergr to view New State Capital Partners’ full profile and discover more middle-market private equity firm investors just like it.

M&A Summary

  • M&A Total Activity20
    • M&A Buy Activity16
    • M&A Sell Activity4
  • Total Sectors Invested 12
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 5
  • M&A Advisors 9

New State Capital Partners

2001 Palmer Avenue, Suite 205,
Larchmont, New York 10538
United States
(212) 675-1600
www.newstatecp.com
info@newstatecp.com

New State Capital Partners is a private investment group focused on middle-market opportunities in the business services, healthcare and industrial sectors. The Firm will consider both majority and minority investments in funding a variety of situations. New State can invest up to $50 million in transactions valued up to $200 million. The Firm was formed in 2013 and is based in New York City.


Investment Criteria

Sectors of Interest: Aerospace, Automotive, Business Services, Chemicals, Environmental, Healthcare Services, Information Technology, Machinery, Manufacturing, Staffing, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Special Situations/Distressed

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

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 8 30
Investment Size 10 50
Enterprise Value 25 200
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.4/yr) # 9 - 3 2 2 - 16
Sell (0.6/yr) # 1 - - 1 1 1 4
vol $140M $140M
  20

Most Recent M&A

Company Date Value Type
NWN Carousel 2024-02-08 - Secondary Sale
Exeter, Rhode Island · www.nwncarousel.com
Agility Recovery Solutions, Inc. 2023-11-30 - Secondary Buyout
Las Vegas, Nevada · www.agilityrecovery.com
Finnoff Aviation Co., Inc. 2023-06-15 - Buyout (LBO, MBO, MBI)
Broomfield, Colorado · www.finnoff.com
United Medical Systems, Inc. 2023-06-01 - Secondary Sale
Westborough, Massachusetts · www.ums-usa.com
Afimac Global, Inc. 2022-08-24 - Buyout (LBO, MBO, MBI)
Guelph, Ontario · www.afimacglobal.com
Capitol Pain Institute 2022-06-27 - Recapitalization
Austin, Texas · www.capitolpain.com
Patuxent Roofing & Contracting, Inc. 2022-04-26 - Buyout (LBO, MBO, MBI)
Laurel, Maryland · www.patuxentroofing.com
AVEX, Inc. 2021-12-21 - Buyout (LBO, MBO, MBI)
Camarillo, California · www.newavex.com
Wilmington Paper Corp. 2021-11-12 - Buyout (LBO, MBO, MBI)
Pine Brook, New Jersey · www.wilmingtonpaper.com
Rabco Enterprises LLC 2021-03-17 - Growth Capital
Winter Garden, Florida · www.rabco.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Construction 3 (27%) - 3 (19%) -
Aerospace 2 (18%) - 2 (13%) -
Information Technology 1 (9%) - 2 (13%) -
Business Services 1 (9%) - 1 (6%) -
Engineering 1 (9%) - 1 (6%) -
Financial Services - - 1 (6%) -
Healthcare Services - - 1 (6%) -
Internet Software and Services 1 (9%) - 1 (6%) -
Machinery - - 1 (6%) -
Medical Products - - 1 (6%) -
Metals/Mining 1 (9%) - 1 (6%) -
Safety/Security 1 (9%) - 1 (6%) -
Total 11 - 16 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 10 (91%) - 15 (94%) -
  New Jersey 2 (18%) - 2 (13%) -
  California 2 (18%) - 2 (13%) -
  Oklahoma 1 (9%) - 2 (13%) -
  Pennsylvania 1 (9%) - 1 (6%) -
  Nevada 1 (9%) - 1 (6%) -
  Maryland 1 (9%) - 1 (6%) -
  Florida 1 (9%) - 1 (6%) -
  Colorado 1 (9%) - 1 (6%) -
  Texas - - 1 (6%) -
  Rhode Island - - 1 (6%) -
  Michigan - - 1 (6%) -
  Massachusetts - - 1 (6%) -
Canada 1 (9%) - 1 (6%) -
  Ontario 1 (9%) - 1 (6%) -
Domestic 10 (91%) - 15 (94%) -
Cross-border 1 (9%) - 1 (6%) -
Total 11 - 16 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 6 (55%) - 6 (38%) -
Growth Capital 3 (27%) - 6 (38%) -
Secondary Buyout 1 (9%) - 2 (13%) -
Divestiture - - 1 (6%) -
Recapitalization 1 (9%) - 1 (6%) -
Total 11 - 16 -

Exits by Deal Type

Type Total # Value
Secondary Sale 2 (50%) -
Trade Sale 1 (25%) 140M (100%)
Recapitalization 1 (25%) -
Total 4 $140M

Top M&A Advisors

Financial Deals
Piper Sandler & Co.
3
Duff & Phelps Corp.
2
Jefferies
1
Legal Deals
Morgan, Lewis & Bockius LLP
7

Deal Values

sell # Total
$100M to $1B 1 $140M
TOTAL $140M
Largest Central Conveyor Co. Inc.
$140M (2018-06-15)

M&A Connections

Deals
Acquired from
Investor(s)
13%
2 (13%)
Strategic(s)
6%
1 (6%)
Exited to
Investor(s)
75%
3 (75%)
Strategic(s)
25%
1 (25%)

FAQ

When was New State Capital Partners founded?

New State Capital Partners was founded in 2014.

What type of investor is New State Capital Partners?

New State Capital Partners is a private equity firm.

Where is New State Capital Partners headquartered?

New State Capital Partners is headquartered in Larchmont, New York.

How much capital does New State Capital Partners have under management?

New State Capital Partners has 700M USD under management.

 Subscribe to unlock this and 199,513
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
  • 4.5K Private Equity Firms
  • 190K M&A Transactions
  • 195K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.