Investment Summary

ONCAP Management Partners and Penfund Invest In Mavis Tire Supply

On November 3, 2014, private equity firm ONCAP Management Partners and mezzanine finance firm Penfund invested in retailer Mavis Tire Supply

Investment Highlights
  • This is ONCAP Management Partners’ 1st and Penfund’s 3rd transaction in the Retail sector.
  • This is ONCAP Management Partners’ 8th and Penfund’s 6th transaction in the United States.
  • This is ONCAP Management Partners’ 1st and Penfund’s 1st transaction in New York.
Investment Fate
  • Mavis Tire Supply merged with another company in 2018.

Investment Summary

Date 2014-11-03
Target Mavis Tire Supply
Sector Retail
Investor(s) ONCAP Management Partners
Penfund
Deal Type Stake Purchase

Target

Mavis Tire Supply

Millwood, New York, United States
Mavis Discount Tire is an independent tire retailer and wholesaler.

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Investor(S) 2

Investor

ONCAP Management Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ONCAP is the mid-market private equity business of Onex Corporation. ONCAP looks to invest in small and mid-sized North American businesses where it can commit $20 to $200 million of equity capital. ONCAP considers investment opportunities in a wide range of industry sectors. Situations of interest include, complete or partial sales of a closely held private companies, divestitures, companies seeking equity capital to pursue key strategic initiatives, and take privates. ONCAP was established in 1999 and is based in Toronto.


DEAL STATS #
Overall 18 of 35
Sector: Retail M&A 1 of 2
Type: Stake Purchase M&A Deals 1 of 5
State: New York M&A 1 of 2
Country: United States M&A 8 of 20
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-22 Mister Car Wash

Tucson, Arizona, United States

Mister Car Wash operates car washes and lube centers across the US. Mister Car Wash was founded in 1996 and is headquartered in Tucson, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-02 Venanpri Group

Hamilton, Ontario, Canada

Venanpri Group is a global organization with two divisions (Tools and AgriSolutions). Venanpri Tools produces and distributes thousands of manual hand tool products, including pruning tools, shovels, masonry trowels, machetes, files and hoes (among many others) for professional and consumer use in the agricultural, gardening, construction, and industrial segments. Venanpri AgriSolutions is a manufacturer of consumable wear components (including discs, coulters, sweeps, openers, tines, springs and blades). Venanpri Group is based in Hamilton, Ontario.

Buy -
Investor

Penfund

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1979
PE ASSETS 2.7B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Penfund is a private investment firm that provides equity, junior capital, and alternative financing to Canadian-based middle-market companies with EBITDA of at least C$20 million. Penfund can commit up to C$225 million per transaction. Penfund does not have any industry preferences and its investments are generally used to support growth needs, recapitalization, shareholder liquidity, acquisitions, and buyouts. Penfund was formed in 1979 and is based in Toronto.


DEAL STATS #
Overall 17 of 28
Sector: Retail M&A 3 of 4
Type: Stake Purchase M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 6 of 14
Year: 2014 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-22 Mister Car Wash

Tucson, Arizona, United States

Mister Car Wash operates car washes and lube centers across the US. Mister Car Wash was founded in 1996 and is headquartered in Tucson, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-23 PSA HealthCare

Norcross, Georgia, United States

PSA HealthCare is a provider of critically important home care services for medically fragile children. Recognized as an industry leader in quality that it developed over the Company’s 25 year history, PSA provides care to more than 2,500 patients across 17 states through over 65 offices. In addition to its core home-based pediatric private duty nursing platform, PSA provides a broad range of healthcare services, including home-based adult private duty nursing, home-based pediatric skilled nursing visits and therapies, outsourced school health programs, pediatric day treatment centers for medically fragile children and intellectual and developmental home care.

Buy -