M&A Deal Summary |
|
|---|---|
| Date | 2007-08-01 |
| Target | Coining |
| Sector | Manufacturing |
| Buyer(s) |
Northstar Capital
River Associates |
| Deal Type | Buyout (LBO, MBO, MBI) |
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| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 1.7B USD |
| Size | Large |
| Type | Sector Agnostic |
Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 26 of 121 |
| Sector: Manufacturing M&A | 3 of 15 |
| Type: Buyout (LBO, MBO, MBI) M&A Deals | 14 of 45 |
| State: New Jersey M&A | 1 of 4 |
| Country: United States M&A | 25 of 116 |
| Year: 2007 M&A | 6 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-06-01 |
Convergent Resources
Alpharetta, Georgia, United States Convergent Resources, Inc. is a provider of outsourced accounts receivable management (“ARM”) services to a wide array of industries, including healthcare, utilities, telecommunications and financial services. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-08-02 |
T&K Machine
Paris, Texas, United States T&K Machine, Inc. is a manufacturer of highly engineered precision-machined airframe components and light assemblies for the commercial and military aerospace markets. The company produces a wide range of structural and airframe components, such as door latches and parts for wing boxes and cargo boxes. T&K serves some of the leading Original Equipment Manufacturers (OEMs) and Tier 1 aerospace suppliers including Spirit AeroSystems, Goodrich Corporation, Boeing and Vought Aircraft. |
Sell | $5M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 1.1B USD |
| Size | Large |
| Type | Sector Agnostic |
River Associates is a private equity firm that targets buyouts, divestitures and recapitalizations of lower middle-market companies. River looks for investments in manufacturing, high-margin distribution, industrial services and 'non-faddish' retail companies. The Firm focuses on companies located in the US and Canada with minimum sales of $15 million and EBITDA of $3 to $12 million. River Associates avoids investing in heavily regulated industries as well as start-up, high-technology, commodity or natural resource companies. River Associates was formed in 1989 and is based in Chattanooga, Tennessee.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 39 |
| Sector: Manufacturing M&A | 2 of 7 |
| Type: Buyout (LBO, MBO, MBI) M&A Deals | 5 of 23 |
| State: New Jersey M&A | 2 of 2 |
| Country: United States M&A | 12 of 37 |
| Year: 2007 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-06-20 |
Consolidated Utility Services
Omaha, Nebraska, United States Consolidated Utility Services, Inc. is a provider of a full spectrum of utility damage prevention process services and solutions. CUS’s customers include companies in the utility (gas, electric, water, sewer), telecommunications and cable industries. CUS provides critical services that help customers manage cost and service risks associated with damage to their buried infrastructure caused by a broad range of excavation activity. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-08-18 |
Boxercraft
Atlanta,, Georgia, United States Boxercraft, Inc. is a provider of apparel, including spirit wear, campus apparel and licensed collegiate apparel. Boxercraft was founded in 1985 by the current CEO Jon Carroll and was one of the first companies to identify and capitalize on the "underwear to outerwear" trend. The company's products are sold to a diversified and loyal customer base of decorators (screen printers and embroiderers) and promotional product distributors, as well as retail outlets and resorts throughout the U.S. |
Buy | - |
