M&A Deal Summary |
|
|---|---|
| Date | 2007-01-10 |
| Target | Woodcraft Industries |
| Sector | Forest Products |
| Buyer(s) |
Olympus Partners
Norwest Mezzanine Partners |
| Sellers(s) |
Behrman Capital
Antares Capital |
| Deal Type | Secondary Buyout |
| Deal Value | 296M USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 8.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
Olympus Partners is a private equity group focused on investing in growth companies with strong management, and positions in their respective markets. The Firm will consider both venture capital and private equity investments and looks to commit $50 to $300 million per transaction. The Firm focuses its investment activities within the business services, healthcare, financial services, consumer, restaurant, software/IT services, and logistics/transportation industries. Olympus Partners was formed in 1988 and is based in Stamford Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 55 |
| Sector (Forest Products) | 1 of 1 |
| Type (Secondary Buyout) | 4 of 30 |
| State (Minnesota) | 1 of 3 |
| Country (United States) | 15 of 52 |
| Year (2007) | 1 of 2 |
| Size (of disclosed) | 4 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-10-16 |
Meridian Rail Services
Lake Oswego, Oregon, United States Meridian Rail Services is a provider of outsourced services to the railroad industry. The company provides wheel set maintenance, component reconditioning, and railcar repair services to Class I railroads, shortline railroads, and private railcar owners. |
Sell | $228M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-02-09 |
TravelCenters of America
Westlake, Ohio, United States TravelCenters of America is a full-service travel center network operating TA, Petro Stopping Centers, and TA Express brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, travel stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with its specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists. It operates over 600 full-service and quick-service restaurants and nine proprietary brands, including Iron Skillet and Country Pride. TravelCenters of America was founded in 1972 and is based in Westlake, Ohio. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 2.6B USD |
| Size | Large |
| Type | Sector Agnostic |
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 | 30 of 88 |
| Sector (Forest Products) | 1 of 1 |
| Type (Secondary Buyout) | 5 of 31 |
| State (Minnesota) | 2 of 7 |
| Country (United States) | 29 of 85 |
| Year (2007) | 1 of 3 |
| Size (of disclosed) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-01-09 |
Crosman
Bloomfield, New York, United States Crosman Corp. is a manufacturer of airguns and accessories. Crosman offers a complete line of airguns, paintball guns, slingshots, targets, and other accessories under the brand names of Crosman, Benjamin, Sheridan, and Copperhead. Crosman was established in 1923 and is based in Bloomfield, New York. |
Sell | $143M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-06-04 |
Benchmark Medical
Malvern, Pennsylvania, United States Benchmark Medical, Inc. is a provider of musculoskeletal rehabilitation services. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1991 |
| PE ASSETS | 4.0B USD |
| Size | Large |
| Type | Sector Focused |
Behrman Capital is a private equity firm focused on management buyouts, leveraged buildups and recapitalizations of established growth companies. Areas of interest include healthcare, defense, specialty manufacturing, business to business outsourcing, and information technology. Behrman looks to invest in the range from $25 to $125 million of equity capital in companies generating sales of $25 to $250 million. Behrman Capital was formed in 1991. The Firm is based in New York City with an additional office in San Francisco.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 22 |
| Sector (Forest Products) | 1 of 1 |
| Type (Secondary Buyout) | 2 of 10 |
| State (Minnesota) | 1 of 1 |
| Country (United States) | 8 of 22 |
| Year (2007) | 1 of 3 |
| Size (of disclosed) | 5 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-06-12 |
Tandem Health Care
Maitland, Florida, United States Tandem Health Care, Inc. provides long-term healthcare services through a network of long-term healthcare facilities in the United States. It operates through three segments: Inpatient Services, Rehabilitation Therapy, and Other. The Inpatient Services segment provides facility-based long-term healthcare services, including long-term skilled nursing care, short-term transitional therapy and rehabilitation care, Alzheimer’s care, assisted living services, and independent living services. |
Sell | $620M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-01-30 |
Peacock Foods
Geneva, Illinois, United States Peacock is a provider of outsourced supply chain management and packaging solutions to the food industry. Peacock’s full range of services includes primary and secondary packaging of ambient, refrigerated and frozen food products. In addition, the company provides customers with project engineering, design consulting, materials management, primary food processing, warehousing and shipping services. |
Buy | $173M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| Size | Small |
| Type | Sector Agnostic |
Antares Capital is a private investment group that targets growth capital financings as well as management buyout opportunities. The Firm focuses on investments based in the Southeast US and Texas. Prospective companies generally have proven business models, modest capital requirements for growth, and operate in large and growing markets. The Firm looks to commit $500k to $5 million per investment. Antares will not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Antares was founded in 1993 and is based in Miami, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 42 |
| Sector (Forest Products) | 1 of 1 |
| Type (Secondary Buyout) | 1 of 13 |
| State (Minnesota) | 1 of 3 |
| Country (United States) | 17 of 41 |
| Year (2007) | 1 of 4 |
| Size (of disclosed) | 3 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-02-01 |
Aspen Marketing Services
West Chicago, Illinois, United States Aspen Marketing Services (Aspen) Aspen is an integrated marketing services company with approximately 400 professionals located in nine offices nationwide. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-04-20 |
The Hygenic
Akron, Ohio, United States Hygenic is a manufacturer of natural rubber, latex and synthetic rubber products primarily serving the medical and therapy/fitness industries as well as some other industrial applications. |
Sell | - |
