New State Capital Partners Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, New State Capital Partners has acquired 3 companies. It has also invested in 2 others.

New State Capital Partners’ most common sectors for investment are information technology (34%) and construction (12%). The Firm’s most common investment types include growth capital (56%) and buyout (lbo, mbo, mbi) (12%). In total, New State Capital Partners has invested in 7 US states.

In the last 3 years, New State Capital Partners has exited 1 company. The Firm’s most common exit type is trade sale (100%). New State Capital Partners’ largest (disclosed) exit occurred in 2018 when it sold Central Conveyor for $140M.

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M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity9
    • M&A Sell Activity1
  • Total Sectors Invested 7
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 5

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 ≤ '15 '16 '17 '18 '19 '20 T
Buy (1.0/yr) # 4 - 1 1 3 - 9
Sell (0.2/yr) # - - - 1 - - 1
vol $140M $140M
  10

Most Recent M&A

Company Date Value Type
Global Holdings LLC 2019-10-15 - Recapitalization
Tulsa, Oklahoma · www.ghllc.com
Computer Data Source, Inc. 2019-08-22 - Growth Capital
Eatontown, New Jersey · www.cds.net
Mako Steel, Inc. 2019-08-06 - Buyout (LBO, MBO, MBI)
Carlsbad, California · www.makosteel.com
Central Conveyor Co. Inc. 2018-06-15 140M USD Add-on Acquisition
Brighton, Michigan · www.centralconveyor.com
Global Client Solutions 2018-01-01 - Secondary Buyout
Tulsa, Oklahoma · www.globalclientsolutions.com
Capitol Pain Institute 2017-08-31 - Growth Capital
Austin, Texas · www.capitolpain.com
NWN Corp. 2015-10-19 - Growth Capital
Waltham, Massachusetts · www.nwnit.com
Central Conveyor Co. Inc. 2014-12-16 - Growth Capital
Brighton, Michigan · www.centralconveyor.com
United Medical Systems, Inc. 2014-11-11 - Divestiture
Westborough, Massachusetts · www.ums-usa.com
Gautier Steel Ltd. 2014-01-31 - Growth Capital
Johnstown, Pennsylvania · www.gautiersteel.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
United Medical Systems, Inc. 2014-11-11 USMD - Lithotripsy Division 2015-12-24 2
Westborough, Massachusetts · www.ums-usa.com , United States
United Medical Systems, Inc. 2014-11-11 Litho of America LLC 2015-02-12 1
Westborough, Massachusetts · www.ums-usa.com Oklahoma City, Oklahoma · www.lithoofamerica.com

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 3 (43%) - 3 (33%) -
Construction 1 (14%) - 1 (11%) -
Financial Services - - 1 (11%) -
Healthcare Services 1 (14%) - 1 (11%) -
Internet Software and Services 1 (14%) - 1 (11%) -
Machinery - - 1 (11%) -
Metals/Mining 1 (14%) - 1 (11%) -
Total 7 - 9 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 7 (100%) - 9 (100%) -
  Massachusetts 2 (29%) - 2 (22%) -
  Oklahoma 1 (14%) - 2 (22%) -
  Texas 1 (14%) - 1 (11%) -
  Pennsylvania 1 (14%) - 1 (11%) -
  New Jersey 1 (14%) - 1 (11%) -
  California 1 (14%) - 1 (11%) -
  Michigan - - 1 (11%) -
Total 7 - 9 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 4 (57%) - 5 (56%) -
Buyout (LBO, MBO, MBI) 1 (14%) - 1 (11%) -
Divestiture 1 (14%) - 1 (11%) -
Recapitalization 1 (14%) - 1 (11%) -
Secondary Buyout - - 1 (11%) -
Total 7 - 9 -

Exits by Deal Type

Type Total # Value
Trade Sale 1 (100%) 140M (100%)
Total 1 $140M

Top M&A Advisors

Financial Deals
Houlihan Lokey
1
Sagent Advisors LLC
1
Duff & Phelps Corp.
1
Legal Deals
Morgan, Lewis & Bockius LLP
3

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
PE Firm(s)
50%
1 50%
Strategic(s)
50%
1 50%
Exited to
Strategic(s)
100%
1 100%

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