M&A Deal Summary

PSP Capital Partners Acquires HALO

On May 3, 2012, family office PSP Capital Partners acquired marketing company HALO from Compass Diversified for 77M USD

Acquisition Highlights
  • This is PSP Capital Partners’ 1st transaction in the Marketing sector.
  • This is PSP Capital Partners’ largest (disclosed) transaction.
  • This is PSP Capital Partners’ 1st transaction in the United States.
  • This is PSP Capital Partners’ 1st transaction in Illinois.
Investment Fate
  • HALO was sold to a consortium of financial buyers in 2016.
  • HALO was sold to a consortium of financial buyers in 2018.

M&A Deal Summary
Date 2012-05-03
Target HALO
Sector Marketing
Buyer(s) PSP Capital Partners
Sellers(s) Compass Diversified
Deal Type Secondary Buyout
Deal Value 77M USD
Advisor(s) Lincoln International (Financial)

Target

HALO

Sterling, Illinois, United States
website
HALO is a marketing services platform that distributes promotional products and provides employee recognition services. HALO was founded in 1952 and is headquartered in Sterling, Illinois.

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Buyer(S) 1

Buyer

PSP Capital Partners

Investor Investor Investor Investor Investor

website

Category Family Office
Size Small
Type Sector Agnostic
DESCRIPTION

PSP Capital Partners is the family office for Penny Pritzker. PSP Capital looks to invest in real estate, investment funds/partnerships, as well as directly in companies. The direct investment group invests in established, profitable and growing businesses in partnership with management teams. PSP seeks to commit $15 to $100 million per transaction in a variety of transaction situations including special situations, consolidations, buyouts, and recapitalizations. Sectors of interest include business services, niche manufacturing, value-added distribution, and food/agribusiness. PSP Capital Partners is based in Chicago.

DEAL STATS #
Overall 1 of 5
Sector (Marketing) 1 of 2
Type (Secondary Buyout) 1 of 4
State (Illinois) 1 of 2
Country (United States) 1 of 5
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-05 E.B. Bradley

Los Angeles, California, United States

E.B. Bradley is a distributor of cabinet hardware, laminates and surfacing products, board products, edgebanding, and woodworking supplies, as well as a manufacturer of laminated panels, serving the commercial construction and residential renovation markets. E.B. Bradley was founded in 1929 and is based in Los Angeles, California.

Buy -

Seller(S) 1

SELLER

Compass Diversified

Westport, Connecticut, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1998
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Compass Diversified is a holding company focused on acquiring controlling interests in profitable small to middle-market businesses in attractive niche industries. Compass generally looks for US-based companies with proven management in place, low technological and/or product obsolescence risk, diverse customers, and EBITDA of at least $20 million. Compass Diversified was founded in 1998 and is headquartered in Westport, Connecticut.

DEAL STATS #
Overall 6 of 15
Sector (Marketing) 1 of 1
Type (Secondary Buyout) 3 of 4
State (Illinois) 1 of 1
Country (United States) 6 of 14
Year (2012) 1 of 1
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-06 Arnold Magnetic

Rochester, New York, United States

Arnold Magnetic is a manufacturer of engineered, mission-critical magnetic products for aerospace, military, alternative energy, and industrial applications. Arnold Magnetic was established in 1989 and is based in Rochester, New York.

Buy $131M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-07 Fox Racing Shox

Braselton, California, United States

Fox Racing Shox is a designer, manufacturer and marketer of high end suspension products for mountain bikes, all terrain vehicles, snowmobiles and other off-road vehicles. Fox Racing Shox was founded in 1974 and is based in Braselton, California.

Sell -
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