M&A Deal Summary

Norwest Equity Partners and Norwest Mezzanine Partners Acquire Marco

On November 2, 2015, private equity firm Norwest Equity Partners and mezzanine finance firm Norwest Mezzanine Partners acquired information technology company Marco

Acquisition Highlights
  • This is Norwest Equity Partners’ 3rd and Norwest Mezzanine Partners’ 1st transaction in the Information Technology sector.
  • This is Norwest Equity Partners’ 50th and Norwest Mezzanine Partners’ 59th transaction in the United States.
  • This is Norwest Equity Partners’ 12th and Norwest Mezzanine Partners’ 6th transaction in Minnesota.

M&A Deal Summary

Date 2015-11-02
Target Marco
Sector Information Technology
Buyer(s) Norwest Equity Partners
Norwest Mezzanine Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Chartwell Financial Advisory Inc. (Financial)

Target

Marco

St. Cloud, Minnesota, United States
website
Marco supplies a wide array of technology-focused products and services that support customers from planning and design through implementation and support, including copiers/printers, business IT services, managed and cloud services, carrier services, phone systems, document management and audio/video systems. Marco was founded in 1973 and is based in St. Cloud, Minnesota.

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Buyer(S) 2

Buyer

Norwest Equity Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1961
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $30 and $250 million, typically providing $50 to $500 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota and has office in New York City.


DEAL STATS #
Overall 51 of 72
Sector (Information Technology) 3 of 8
Type (Buyout (LBO, MBO, MBI)) 17 of 18
State (Minnesota) 12 of 15
Country (United States) 50 of 69
Year (2015) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-29 Christy Sports

Lakewood, Colorado, United States

Christy Sports is a specialty retailer of ski and snowboard equipment, apparel, accessories, and related custom fitting, mounting, tuning, and repair services in the Rocky Mountain region. Christy Sports was founded in 1958 and is based in Lakewood, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-21 Bix Produce

Little Canada, Minnesota, United States

Bix Produce processes and distributes the finest quality bulk and pre-cut fruits and vegetables, dairy, and related food items to food service operators, including restaurants, hotels, educational institutions, health care facilities, and country clubs. Bix Produce was founded in 1930 and is based in Little Canada, Minnesota.

Buy -
Buyer

Norwest Mezzanine Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Norwest Mezzanine Partners (NMP) is an independent investment firm focused on providing junior capital to support transactions initiated by private equity sponsors. NMP looks to commit up to $50 million per investment. Prospective transaction situations can include buyouts, acquisitions, leveraged buildups or consolidations, recapitalizations, and going privates. NMP will consider opportunities in a wide range of industries, including distribution, manufacturing, healthcare, and consumer products. Norwest Mezzanine Partners is affiliated with private equity firm Norwest Equity Partners. NMP was formed in 2000 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 61 of 88
Sector (Information Technology) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 18 of 23
State (Minnesota) 6 of 7
Country (United States) 59 of 85
Year (2015) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-09 Spinrite

Listowel, Ontario, Canada

Spinrite is a manufacturer and marketer of craft yarn products in North America. Spinrite's Bernat, Patons, Lily Sugar's Cream, and Phentex brands, which are sold through mass merchants, craft stores, and independent specialty stores. Spinrite was founded in 1952 and is based in Listowel, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-21 Bix Produce

Little Canada, Minnesota, United States

Bix Produce processes and distributes the finest quality bulk and pre-cut fruits and vegetables, dairy, and related food items to food service operators, including restaurants, hotels, educational institutions, health care facilities, and country clubs. Bix Produce was founded in 1930 and is based in Little Canada, Minnesota.

Buy -