Prospect Partners Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Prospect Partners has acquired 3 companies.

Prospect Partners’ most common sectors for investment are business services (14%) and consumer products (10%). The Firm’s most common investment types include recapitalization (40%) and buyout (lbo, mbo, mbi) (36%). In total, Prospect Partners has invested in 22 US states.

In the last 3 years, Prospect Partners has exited 9 companies. The Firm’s most common exit type is secondary buyout (34%).

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M&A Summary

  • M&A Total Activity83
    • M&A Buy Activity50
    • M&A Sell Activity33
  • Total Sectors Invested 23
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 12
  • M&A Advisors 1

Prospect Partners, LLC

200 West Madison Street, Suite 2710,
Chicago, Illinois 60606
United States
(312) 782-7400
www.prospect-partners.com
rtuttle@prospect-partners.com

Prospect Partners, LLC is a lower middle-market private equity firm that focuses on management buyouts and recapitalization of small companies. Prospect looks to invest $2 to $30 million of equity capital in companies with revenues of $10 to $75 million and EBITDA up to $8 million. The Firm targets opportunities in a variety of sectors spanning many sub-sectors of manufacturing, specialty distribution, and service. Transactions of interest include leverage recapitalizations, industry consolidations, corporate orphans, generational sales, under-managed companies, and backing independent equity sponsors. Prospect Partners was formed in 1998 and is based in Chicago, Illinois.


Investment Criteria

Sectors of Interest: Aerospace, Apparel/Textiles, Automotive, Building Materials, Business Services, Construction, Consumer Products, Consumer Services, Distribution, Education, Electrical Equipment, Environmental, Food, Furniture, Healthcare Services, Information Technology, Life Science, Machinery, Manufacturing, Marine, Marketing, Media, Medical Products, Packaging, Plastics, Publishing, Safety/Security, Technology Hardware, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Growth Capital, Recapitalization, Secondary Buyout

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

Transaction Criteria Min Max
Target Revenue 10 75
Target EBITDA - 8
Investment Size 2 30
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (1.0/yr) # 45 2 1 2 - - 50
Sell (2.0/yr) # 23 1 3 3 2 1 33
  83

Most Recent M&A

Company Date Value Type
Waste Harmonics LLC 2020-01-13 - Secondary Buyout
Victor, New York · www.wasteharmonics.com
Adventure Ready Brands 2019-02-01 - Recapitalization
Littleton, New Hampshire · www.adventurereadybrands.com
Innovetive Petcare, Inc. 2019-01-09 - Secondary Buyout
Austin, Texas · www.innovetivepetcare.com
Owen Equipment Co. 2018-11-29 - Buyout (LBO, MBO, MBI)
Vancouver, Washington · www.owenequipment.com
Prospect Water Co. LLC (Water Co. Holding LLC) 2018-08-07 - Add-on Acquisition
Lombard, Illinois
Minuteman Security Technologies, Inc. 2018-02-01 - Recapitalization
Andover, Massachusetts · www.minutemanst.com
Bland Landscaping Co. Inc. 2018-01-11 - Recapitalization
Apex, North Carolina · www.blandlandscaping.com
Irrigation Components International 2018-01-01 - Unknown
Daphne, Alabama · www.irricomp.com
Knight Packaging Group, Inc. 2017-10-01 - Trade Sale
Chicago, Illinois · www.knightpack.com
Codel Entry Systems, Inc. 2017-09-13 - Add-on Acquisition
Tacoma, Washington · www.codelentrysystems.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Minuteman Security Technologies, Inc. 2018-02-01 Norris, Inc. 2020-03-02 1
Andover, Massachusetts · www.minutemanst.com South Portland, Maine · www.norrisinc.com
Education Futures Group LLC 2005-06-20 Computer Career Center 2006-06-01 1
Richardson, Texas · www.educationfuturesgroup.com El Paso, Texas

M&A by Sector

Sector Current # Value All-time # Value
Business Services 2 (15%) - 7 (14%) -
Consumer Products - - 5 (10%) -
Education 1 (8%) - 4 (8%) -
Building Materials 1 (8%) - 3 (6%) -
Food - - 3 (6%) -
Machinery 1 (8%) - 3 (6%) -
Safety/Security 2 (15%) - 3 (6%) -
Apparel/Textiles - - 2 (4%) -
Automotive - - 2 (4%) -
Consumer Services - - 2 (4%) -
Healthcare Services 1 (8%) - 2 (4%) -
Manufacturing - - 2 (4%) -
Packaging - - 2 (4%) -
Plastics 1 (8%) - 2 (4%) -
Aerospace 1 (8%) - 1 (2%) -
Construction 1 (8%) - 1 (2%) -
Distribution - - 1 (2%) -
Electrical Equipment 1 (8%) - 1 (2%) -
Environmental - - 1 (2%) -
Life Science - - 1 (2%) -
Marketing - - 1 (2%) -
Media - - 1 (2%) -
Technology Hardware 1 (8%) - 1 (2%) -
Total 13 - 51 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 13 (100%) - 51 (100%) -
  Illinois 1 (8%) - 7 (14%) -
  Massachusetts 3 (23%) - 6 (12%) -
  Texas 2 (15%) - 6 (12%) -
  California 2 (15%) - 5 (10%) -
  Minnesota 2 (15%) - 3 (6%) -
  Washington - - 3 (6%) -
  Alabama - - 3 (6%) -
  Wisconsin - - 2 (4%) -
  Pennsylvania - - 2 (4%) -
  Ohio - - 2 (4%) -
  North Carolina 1 (8%) - 1 (2%) -
  Nebraska 1 (8%) - 1 (2%) -
  Florida 1 (8%) - 1 (2%) -
  Virginia - - 1 (2%) -
  Tennessee - - 1 (2%) -
  Oklahoma - - 1 (2%) -
  New York - - 1 (2%) -
  New Hampshire - - 1 (2%) -
  Michigan - - 1 (2%) -
  Kansas - - 1 (2%) -
  Colorado - - 1 (2%) -
  Arizona - - 1 (2%) -
Total 13 - 51 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Recapitalization 9 (69%) - 20 (39%) -
Buyout (LBO, MBO, MBI) 1 (8%) - 18 (35%) -
Secondary Buyout - - 4 (8%) -
Divestiture - - 3 (6%) -
Growth Capital 2 (15%) - 3 (6%) -
Consolidation 1 (8%) - 2 (4%) -
Acquisition Financing - - 1 (2%) -
Total 13 - 51 -

Exits by Deal Type

Type Total # Value
Secondary Sale 12 (36%) -
Trade Sale 10 (30%) -
Recapitalization 5 (15%) -
Sold to Management 4 (12%) -
Trade Sale - Public Company 1 (3%) -
Unknown 1 (3%) -
Total 33 -

Top M&A Advisors

Financial Deals
Lincoln International
2

M&A Connections

Deals %
Acquired from
PE Firm(s)
75%
6 75%
Strategic(s)
25%
2 25%
Exited to
PE Firm(s)
85%
23 85%
Strategic(s)
15%
4 15%

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