M&A Deal Summary |
|
|---|---|
| Date | 2018-03-08 |
| Target | Connecticut Electric |
| Sector | Electrical Equipment |
| Buyer(s) |
Onward Capital
Tecum Capital Midwest Mezzanine Funds |
| Sellers(s) | Thompson Street Capital Partners |
| Deal Type | Secondary Buyout |
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Onward Capital is a private equity firm focused on investing in and growing lower middle-market companies. Target transaction situations include buyouts, recapitalizations, divestitures, and partnering with family/founder-owned companies. Onward seeks control situations but will consider select minority investments. Sectors of interest include industrial manufacturing, distribution, and services with a particular interest in packaging, wire & cable, and industrial technology. Target companies typically have $3 to $10 million of EBITDA and $15 to $100 million of revenue. Onward Capital was formed in 2015 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 4 |
| Sector (Electrical Equipment) | 1 of 2 |
| Type (Secondary Buyout) | 2 of 2 |
| State (Indiana) | 1 of 1 |
| Country (United States) | 2 of 4 |
| Year (2018) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-11-30 |
Domaille Engineering
Rochester, Minnesota, United States Domaille Engineering is a provider of polishing machines and fixtures, inspection equipment and associated engineered products for the rapidly growing fiber-optic cable market. The Company also engineers and manufactures complex, mission-critical products for the defense, aerospace, national security, telecommunications, energy and medical sectors. Domaille Engineering was founded in 1990 and is based in Rochester, Minnesota. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-09-10 |
FSC Lighting
Rancho Cucamonga, California, United States FSC Lighting is an energy-efficient lighting manufacturer for industrial, commercial, and retail clients across the country. FSC provides lighting solution resulting in substantial cost savings and improving the visual appeal of merchandise to give an exceptionally improved shopper experience. FSC Lighting was founded in 1969 and is based in Rancho Cucamonga, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| PE ASSETS | 750M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Tecum Capital is a private equity firm focused on lower middle-market companies across the Eastern-US. Tecum will consider a variety of investment situations including leveraged buyouts, management buyouts, successions, strategic acquisitions, growth capital financings, and recapitalizations. Investment sizes range from $5 - $20 million. Industries of interest include manufacturing, plastics, specialty distribution, technology, healthcare services, defense, food, and business/consumer services. Tecum will not consider investments in start-ups or real estate. Tecum Capital was formed in 2005 and is based in Wexford, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 48 of 81 |
| Sector (Electrical Equipment) | 2 of 4 |
| Type (Secondary Buyout) | 4 of 4 |
| State (Indiana) | 3 of 4 |
| Country (United States) | 48 of 81 |
| Year (2018) | 3 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-02-07 |
TEC
Woodstock, Georgia, United States TEC is an erosion control service provider on the East Coast. TEC predominantly serves large regional and national home builders, as well as regional land developers in the Southeastern United States serving the residential, commercial, and infrastructure end markets. TEC was founded in 1995 and is based in Woodstock, Georgia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-04 |
USA Millwork
Manassas, Virginia, United States USA Millwork is a provider of planning-to-completion services for complex, large-scale projects across the country in a variety of industries including corporate, healthcare, hospitality, entertainment, government, retail, and multi-family. USA Millwork was established in 2017 and is based in Manassas, Virginia. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 1.0B USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Midwest Mezzanine Funds (MMF) is a provider of junior capital to lower middle-market, US and Canadian companies. MMF looks to invest $4 to $15 million to support buyouts, acquisition financings, recapitalizations, and growth capital needs. Prospective companies generally have consistent profits ($3 million of EBITDA), low capital intensity, and sustainable competitive advantages. Broad areas of interest include manufacturing, value-added distribution, and services. MMF will not invest in high technology, energy, or real estate. Midwest Mezzanine was formed in 1992 and has offices in Chicago and Monroe, Michigan.
| DEAL STATS | # |
|---|---|
| Overall | 59 of 81 |
| Sector (Electrical Equipment) | 4 of 4 |
| Type (Secondary Buyout) | 7 of 11 |
| State (Indiana) | 3 of 4 |
| Country (United States) | 59 of 81 |
| Year (2018) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-12-20 |
Potter Electric
St. Louis, Missouri, United States Potter Electric is a designer and manufacturer of mission-critical specialty electronic and electromechanical products for the fire safety industry. Potter Electric Signal offers the industry’s largest portfolio of sprinkler monitoring devices in addition to designing and manufacturing fire alarm systems and nitrogen-based corrosion prevention systems. Potter Electric Signal was founded in 1898 and is based in St. Louis, Missouri. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-03-12 |
CoreMedical Group
Manchester, New Hampshire, United States CoreMedical Group is a healthcare staffing and recruiting agency that brings more than 25 years of experience to the placement of traveling nurses (RN, LPN), traveling therapists (PT, OT, SLP), permanent nurses (RN, staff and management levels), and physicians (MD, Locum Tenens). CoreMedical Group was founded in 1989 and is based in Manchester, New Hampshire. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2001 |
| PE ASSETS | 2.6B USD |
| Size | Large |
| Type | Sector Agnostic |
Thompson Street Capital Partners is a private equity firm that targets control stakes in profitable, mid-sized North American companies with $5 to $20 million of EBITDA. Thompson Street looks for family businesses, private companies seeking liquidity, corporate divestitures, and public companies going private. Areas of interest include healthcare services, business services, electronics, information technology, and engineered products companies. Thompson Street will not consider investments in start-ups, early stage companies, or real estate. Thompson Street Capital was founded in 2000 and is based in St. Louis, Missouri.
| DEAL STATS | # |
|---|---|
| Overall | 24 of 47 |
| Sector (Electrical Equipment) | 1 of 1 |
| Type (Secondary Buyout) | 9 of 17 |
| State (Indiana) | 3 of 3 |
| Country (United States) | 24 of 47 |
| Year (2018) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-12-19 |
Gurobi Optimization
Beaverton, Oregon, United States Gurobi Optimization is a commercial provider of optimization software for use in prescriptive analytics applications. Gurobi Optimization was founded in 2008 and is based in Beaverton, Oregon. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-03-22 |
TransnetYX
Cordova, Tennessee, United States TransnetYX is a fully automated genotyping system for detecting transgenic, knockout, knockin, SNP and CRISPR mutations in animal research models. TransnetYX was founded in 2000 and is based in Cordova, Tennessee. |
Buy | - |
