Palm Beach Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Palm Beach Capital has acquired 2 companies. It has also invested in 4 others.

Palm Beach Capital’s most common sectors for investment arebusiness services (17%) and transportation (12%) . The Firm’s most common investment types include growth capital (43%) and buyout (lbo, mbo, mbi) (34%). In total, Palm Beach Capital has invested in 8 US states. Its largest (disclosed) acquisition occurred in 2012 when it acquired Safariland for $124M.

In the last 3 years, Palm Beach Capital has exited 3 companies. The Firm’s most common exit type is trade sale (37%). Palm Beach Capital’s largest (disclosed) exit occurred in 2022 when it sold Access USA Shipping for $265M.

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M&A Summary

  • M&A Total Activity61
    • M&A Buy Activity42
    • M&A Sell Activity19
  • Total Sectors Invested 23
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 16
  • M&A Advisors 4

Palm Beach Capital

Palm Beach Capital

525 South Flagler Drive, Suite 201,
West Palm Beach, Florida 33401
United States
(561) 659-9022
www.pbcap.com
smcgruder@pbcap.com

Palm Beach Capital (PBC) is a generalist private equity firm that specializes in making investments in smaller private companies with at least $5 million in EBITDA. PBC prefers low technology business with high revenue growth rates. Target companies are typically valued between $20 to $300 million. PBC looks to commit $5 to $50 million per investment. Palm Beach Capital was formed in 2001 and is headquartered in Palm Beach, Florida.


Investment Criteria

Sectors of Interest: Business Services, Consumer Products, Consumer Services, Distribution, Electronics, Engineering, Environmental, Furniture, Healthcare Services, Infrastructure, Manufacturing, Marketing, Media, Medical Products, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Secondary Buyout, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue 20 -
Target EBITDA 5 -
Investment Size 5 50
Enterprise Value 20 300
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 36 - 3 2 1 - 42
vol $124M $124M
Sell (0.6/yr) # 16 - 1 2 - - 19
vol $56M $265M $321M
  61

Most Recent M&A

Company Date Value Type
Pape-Dawson Engineers LLC 2023-04-20 - Growth Capital
San Antonio, Texas · www.pape-dawson.com
Access USA Shipping LLC 2022-10-19 265M USD Trade Sale
Sarasota, Florida · www.myus.com
Earth Systems LLC 2022-08-22 - Growth Capital
Lantana, Florida · www.earthsys.net
Need It Now Delivers LLC 2022-08-16 - Trade Sale
Flushing, New York · www.nindelivers.com
3B Medical, Inc. 2022-05-05 - Growth Capital
Sarasota, Florida · www.reacthealth.com
Olympusat, Inc. 2021-12-21 - Buyout (LBO, MBO, MBI)
West Palm Beach, Florida · www.olympusat.com
Lyneer Staffing Solutions LLC 2021-10-14 - Trade Sale
Ewing Township, New Jersey · www.lyneer.com
Westwood Professional Services, Inc. 2021-05-25 - Buyout (LBO, MBO, MBI)
Minneapolis, Minnesota · www.westwoodps.com
Growve LLC 2021-05-18 - Growth Capital
Petersburg, Florida · www.growve.com
Universal Engineering Sciences 2019-04-25 - Buyout (LBO, MBO, MBI)
Orlando, Florida · www.teamues.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Business Services 1 (10%) - 7 (17%) -
Transportation 1 (10%) - 5 (12%) -
Distribution 1 (10%) - 4 (10%) -
Engineering 3 (30%) - 4 (10%) -
Consumer Products 1 (10%) - 2 (5%) -
Electronics - - 2 (5%) -
Media 1 (10%) - 2 (5%) -
Safety/Security - - 1 (2%) 124M (100%)
Aerospace - - 1 (2%) -
Communications - - 1 (2%) -
Energy Services and Equipment - - 1 (2%) -
Environmental 1 (10%) - 1 (2%) -
Forest Products - - 1 (2%) -
Furniture - - 1 (2%) -
Insurance - - 1 (2%) -
Leisure - - 1 (2%) -
Life Science - - 1 (2%) -
Marketing - - 1 (2%) -
Medical Products 1 (10%) - 1 (2%) -
Restaurants - - 1 (2%) -
Software - - 1 (2%) -
Staffing - - 1 (2%) -
Utilities - - 1 (2%) -
Total 10 - 42 $124M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 10 (100%) - 42 (100%) 124M (100%)
  Florida 7 (70%) - 31 (74%) 124M (100%)
  California - - 3 (7%) -
  New York 1 (10%) - 2 (5%) -
  New Jersey - - 2 (5%) -
  Texas 1 (10%) - 1 (2%) -
  Minnesota 1 (10%) - 1 (2%) -
  Maryland - - 1 (2%) -
  Colorado - - 1 (2%) -
Total 10 - 42 $124M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 7 (70%) - 18 (43%) -
Buyout (LBO, MBO, MBI) 3 (30%) - 14 (33%) -
Stake Purchase - - 6 (14%) -
Divestiture - - 2 (5%) 124M (100%)
Recapitalization - - 1 (2%) -
Special Situations/Distressed - - 1 (2%) -
Total 10 - 42 $124M

Exits by Deal Type

Type Total # Value
Secondary Sale 7 (37%) -
Trade Sale - Public Company 6 (32%) 321M (100%)
Trade Sale 4 (21%) -
Bankruptcy 1 (5%) -
Merger 1 (5%) -
Total 19 $321M

Top M&A Advisors

Financial Deals
EVE Partners LLC
 2
Morgan Joseph TriArtisan LLC
 1
Farlie Turner & Co.
 1
Legal Deals
GreenbergTraurig
 2

Deal Values

buy # Total
$100M to $1B 1 $124M
TOTAL $124M
Largest Safariland LLC
$124M (2012-07-30)
sell # Total
$100M to $1B 1 $265M
< $100M 1 $56M
TOTAL $321M
Largest Access USA Shipping LLC
$265M (2022-10-19)

M&A Connections

Deals
Acquired from
Strategic(s)
5%
2 (5%)
Exited to
Investor(s)
37%
7 (37%)
Strategic(s)
42%
8 (42%)

Investor Summary

Investor Type

Private Equity Firm

Size

Middle-Market

Established

2001

Specialist/Generalist

Generalist

Leadership

Nathan Ward

Partner & Co-Founder

Shaun McGruder

Partner & Co-Founder

Christopher Felder

CFO

Michael Schmickle

Managing Partner

Michael Chalhub

Partner & COO

FAQ

When was Palm Beach Capital founded?

Palm Beach Capital was founded in 2001.

What type of investor is Palm Beach Capital?

Palm Beach Capital is a private equity firm.

Where is Palm Beach Capital headquartered?

Palm Beach Capital is headquartered in West Palm Beach, Florida.

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