M&A Deal Summary

Peninsula Capital Partners Acquires LIT Group

On June 1, 2012, mezzanine finance firm Peninsula Capital Partners acquired business services company LIT Group

Acquisition Highlights
  • This is Peninsula Capital Partners’ 6th transaction in the Business Services sector.
  • This is Peninsula Capital Partners’ 80th transaction in the United States.
  • This is Peninsula Capital Partners’ 3rd transaction in Nevada.

M&A Deal Summary

Date 2012-06-01
Target LIT Group
Sector Business Services
Buyer(s) Peninsula Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

LIT Group

Las Vegas, Nevada, United States
website
LIT Group provides deposition and litigation support services to law firms, Fortune 500 corporations and regulatory agencies. Its services include document processing, court reporting, video deposition services, trial services, case management and electronic discovery collection, processing and production. LIT Group was established in 1999 and is based in Las Vegas, Nevada.

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Buyer(S) 1

Buyer

Peninsula Capital Partners

Southfield, Michigan, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1995
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Peninsula Capital Partners is an investment group focused on providing a range of financing solutions to middle-market companies. The Firm is willing to be a minority or control investor and invests across the capital structure. This includes subordinated debt, preferred or common stock. For mezzanine commitments, Peninsula looks to invest $5 to $40 million. For equity transactions, Peninsula looks to invest $2 to $20 million. Peninsula is a generalist investor. Target sectors include manufacturing, industrial service, distribution, consumer products, professional services, retail, applied technology, transportation, food processing and packaging. Peninsula Capital Partners was formed in 1995 and is based in Detroit, Michigan.


DEAL STATS #
Overall 83 of 128
Sector (Business Services) 6 of 8
Type (Buyout (LBO, MBO, MBI)) 43 of 65
State (Nevada) 3 of 3
Country (United States) 80 of 121
Year (2012) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 Carmel Car and Limousine Service

New York, New York, United States

Barton T, Ltd. is a leading dispatcher of community cars providing primarily transportation services to and from major metro airports in the Northeast. The Company has a leading market share and the largest fleet of affiliated drivers in its area of operation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-28 Nelson Metal Products

Grandville, Michigan, United States

Nelson Metal Products Corporation is a full-service supplier of medium and large aluminum die castings. Headquartered in Grandville, Michigan, the Company supplies, on a Tier 1 basis, parts to Ford and GM. The parts are generally large and/or complex castings such as transmission cases, oil pans and engine bedplates as well as front-end accessory drive brackets (“FEAD”). The Company has two productions centers located in Grandville and Glasgow, Kentucky.

Sell -