OpenGate Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, OpenGate Capital has acquired 7 companies. It has also invested in 1 other.

OpenGate Capital’s most common sectors for investment arechemicals (11%) and building materials (9%) . The Firm’s most common investment types include divestiture (62%) and buyout (lbo, mbo, mbi) (32%). In total, OpenGate Capital has invested in 15 US states and 12 different countries. Its largest (disclosed) acquisition occurred in 2016 when it acquired EverZinc GROUP SA for $160M.

In the last 3 years, OpenGate Capital has exited 6 companies. The Firm’s most common exit type is trade sale (41%). OpenGate Capital’s largest (disclosed) exit occurred in 2018 when it sold IVY Group for $265M.

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M&A Summary

  • M&A Total Activity74
    • M&A Buy Activity47
    • M&A Sell Activity27
  • Total Sectors Invested 23
  • Total Countries Invested 12
  • M&A Buy/Sell Connections 33
  • M&A Advisors 6

OpenGate Capital

OpenGate Capital Management, LLC

10250 Constellation Boulevard, 17th Floor,
Los Angeles, California 90067
United States
(310) 432-7000
www.opengatecapital.com
anikou@opengatecapital.com

OpenGate Capital is a private investment firm focused on acquiring divestitures of larger public corporations or troubled companies needing restructuring. OpenGate does not focus any particular industry and will consider opportunities throughout North America and Europe. The Firm's target companies with up to $1 billion of revenue and valued up to $300 million. OpenGate Capital was formed in 2005 and is based in Los Angeles, California.


Investment Criteria

Sectors of Interest: Agriculture, Apparel/Textiles, Automotive, Business Services, Communications, Digital Media, Distribution, Electrical Equipment, Forest Products, Information Technology, Manufacturing, Media, Publishing, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Special Situations/Distressed

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Nordic, Latin/South America

Transaction Criteria Min Max
Target Revenue - 1,000
Target EBITDA - -
Investment Size - -
Enterprise Value - 300
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.0/yr) # 37 2 3 4 1 - 47
vol $279M $118M $396M
Sell (1.4/yr) # 20 1 2 3 1 - 27
vol $265M $250M $515M
  74

Most Recent M&A

Company Date Value Type
Verdant Specialty Solutions 2023-12-18 250M USD Trade Sale
Houston, Texas · www.verdantspecialty.com
Player One Amusement Group, Inc. 2023-11-22 118M CAD Divestiture
Mississauga, Ontario · www.winwithp1ag.com
InRule Technology, Inc. 2022-10-13 - Secondary Sale
Chicago, Illinois · www.inrule.com
Extrusiones de toledo, S.A. 2022-08-22 - Buyout (LBO, MBO, MBI)
Toledo, Spain · www.extol.es
EverZinc GROUP SA 2022-06-01 - Trade Sale
Loncin, Belgium · www.everzinc.com
Aurotech, Inc. 2022-04-05 - Trade Sale
Silver Spring, Maryland · www.aurotechcorp.com
Social Annex, Inc. 2022-03-01 - Growth Capital
Allen, Texas · www.annexcloud.com
Chemisphere Corp. 2022-01-18 - Buyout (LBO, MBO, MBI)
Saint Louis, Missouri · www.chemispherecorp.com
Chemsolv, Inc. 2022-01-11 - Buyout (LBO, MBO, MBI)
Roanoke, Virginia · www.chemsolv.com
ENERGI Fenestration Solutions 2021-05-18 - Trade Sale
Woodbridge, Ontario
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Siège Social SMAC 2019-02-14 Siège Social SMAC - Resins Business 2022-01-11 3
Issy-les-Moulineaux, France · www.smacv-sa.com Issy-les-Moulineaux, France
Duraco Specialty Tapes LLC 2019-06-20 3 Sigma Corp. 2021-12-02 5
Forest Park, Illinois · www.duraco.com Troy, Ohio · www.3sigma.cc
Kongsberg Precision Cutting Systems 2020-12-16 MultiCam, Inc. 2021-08-23 1
Ghent, Belgium · www.kongsbergsystems.com Dallas, Texas · www.multicam.com
Siège Social SMAC 2019-02-14 Axter 2021-03-04 2
Issy-les-Moulineaux, France · www.smacv-sa.com Issy-les-Moulineaux, France · www.axter.eu
Siège Social SMAC 2019-02-14 Siege Social SMAC - Skylights Business 2021-01-25 1
Issy-les-Moulineaux, France · www.smacv-sa.com Issy-les-Moulineaux, France
Sargent and Greenleaf 2019-01-30 The Delaney Hardware Co. 2020-01-06 1
Nicholasville, Kentucky · www.sargentandgreenleaf.com Cumming, Georgia · www.delaneyinc.com
Jøtul AS 2018-02-12 AICO S.p.A. 2018-11-07 1
Kråkerøy, Norway · www.jotul.com Palazzolo sull'Oglio BS, Italy
Alfatherm S.p.A. 2016-06-20 Alfatherm S.p.A. - Adhesive Tape Substrate Business 2017-08-02 1
Venegono Superiore, Italy · www.alfatherm.it Venegono Superiore, Italy

M&A by Sector

Sector Current # Value All-time # Value
Chemicals 2 (11%) - 5 (11%) 160M (40%)
Building Materials 3 (16%) - 4 (9%) -
Electrical Equipment 2 (11%) - 4 (9%) -
Software 2 (11%) - 4 (9%) -
Manufacturing 2 (11%) 77M (40%) 3 (6%) 90M (23%)
Forest Products - - 3 (6%) -
Information Technology 1 (5%) - 3 (6%) -
Safety/Security 2 (11%) - 3 (6%) -
Media - - 2 (4%) -
Metals/Mining 2 (11%) - 2 (4%) -
Plastics - - 2 (4%) -
Gaming 1 (5%) 118M (60%) 1 (2%) 118M (30%)
Distribution - - 1 (2%) 28M (7%)
Agriculture - - 1 (2%) -
Apparel/Textiles - - 1 (2%) -
Automotive - - 1 (2%) -
Construction - - 1 (2%) -
Consumer Products 1 (5%) - 1 (2%) -
Machinery 1 (5%) - 1 (2%) -
Marine - - 1 (2%) -
Marketing - - 1 (2%) -
Semiconductors - - 1 (2%) -
Technology Hardware - - 1 (2%) -
Total 19 $195M 47 $396M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 8 (42%) 77M (40%) 19 (40%) 90M (23%)
  Illinois 1 (5%) 77M (40%) 2 (4%) 77M (19%)
  Wisconsin 1 (5%) - 2 (4%) -
  Texas 1 (5%) - 2 (4%) -
  Kentucky 1 (5%) - 2 (4%) -
  Virginia 1 (5%) - 1 (2%) -
  Ohio 1 (5%) - 1 (2%) -
  Missouri 1 (5%) - 1 (2%) -
  Colorado 1 (5%) - 1 (2%) -
  South Carolina - - 1 (2%) -
  Oregon - - 1 (2%) -
  Michigan - - 1 (2%) -
  Maryland - - 1 (2%) -
  Georgia - - 1 (2%) -
  California - - 1 (2%) -
France 4 (21%) - 11 (23%) 28M (7%)
Belgium 2 (11%) - 4 (9%) 160M (40%)
Canada 1 (5%) 118M (60%) 3 (6%) 118M (30%)
  Ontario 1 (5%) 118M (60%) 2 (4%) 118M (30%)
  British Columbia - - 1 (2%) -
United Kingdom - - 3 (6%) -
Germany 1 (5%) - 1 (2%) -
Spain 1 (5%) - 1 (2%) -
Italy 1 (5%) - 1 (2%) -
Norway 1 (5%) - 1 (2%) -
Colombia - - 1 (2%) -
Finland - - 1 (2%) -
Poland - - 1 (2%) -
Domestic 8 (42%) 77M (40%) 19 (40%) 90M (23%)
Cross-border 11 (58%) 118M (60%) 28 (60%) 306M (77%)
Total 19 $195M 47 $396M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Divestiture 10 (53%) 195M (100%) 29 (62%) 396M (100%)
Buyout (LBO, MBO, MBI) 7 (37%) - 15 (32%) -
Secondary Buyout 1 (5%) - 2 (4%) -
Growth Capital 1 (5%) - 1 (2%) -
Total 19 $195M 47 $396M

Exits by Deal Type

Type Total # Value
Trade Sale 10 (37%) -
Secondary Sale 7 (26%) -
Trade Sale - Public Company 4 (15%) 515M (100%)
Shut Down 4 (15%) -
Sold to Management 2 (7%) -
Total 27 $515M

Top M&A Advisors

Financial Deals
Lazard Ltd.
2
Jefferies
1
Stifel, Nicolaus & Co., Inc.
1
Legal Deals
Morgan Lewis
3

Deal Values

buy # Total
$100M to $1B 2 $278M
< $100M 3 $118M
TOTAL $396M
Largest EverZinc GROUP SA
$160M (2016-06-01)
sell # Total
$100M to $1B 2 $515M
TOTAL $515M
Largest IVY Group
$265M (2018-09-25)

M&A Connections

Deals
Acquired from
Investor(s)
4%
2 (4%)
Strategic(s)
57%
27 (57%)
Exited to
Investor(s)
26%
7 (26%)
Strategic(s)
41%
11 (41%)

FAQ

When was OpenGate Capital founded?

OpenGate Capital was founded in 2005.

What type of investor is OpenGate Capital?

OpenGate Capital is a private equity firm.

Where is OpenGate Capital headquartered?

OpenGate Capital is headquartered in Los Angeles, California.

How much capital does OpenGate Capital have under management?

OpenGate Capital has 890M USD under management.

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