M&A Deal Summary |
|
|---|---|
| Date | 2013-12-13 |
| Target | ECM Industries |
| Sector | Electrical Equipment |
| Buyer(s) |
Sentinel Capital Partners
Norwest Mezzanine Partners PennantPark Investment Advisers |
| Sellers(s) | Enerpac Tool Group |
| Deal Type | Divestiture |
| Deal Value | 258M USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $175 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 48 of 95 |
| Sector (Electrical Equipment) | 2 of 5 |
| Type (Divestiture) | 4 of 5 |
| State (Wisconsin) | 3 of 5 |
| Country (United States) | 44 of 88 |
| Year (2013) | 2 of 2 |
| Size (of disclosed) | 3 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-12-03 |
RegO
Elon, North Carolina, United States RegO is a designer and manufactures a comprehensive range of flow control valves and regulators that are sold to domestic and international markets under the RegO and Goddard brand names. RegO was formed in 1908 and is based in Elon, North Carolina. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-24 |
Checkers
Tampa, Florida, United States Checkers is a double drive-thru restaurant chain in United States. The company develops, owns, operates and franchises both Checkers and Rally’s restaurants. Checkers was founded in 1986 and is based in Tampa, Florida. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 2.6B USD |
| Size | Large |
| Type | Sector Agnostic |
Norwest Mezzanine Partners (NMP) is an independent investment firm focused on providing junior capital to support transactions initiated by private equity sponsors. NMP looks to commit up to $50 million per investment. Prospective transaction situations can include buyouts, acquisitions, leveraged buildups or consolidations, recapitalizations, and going privates. NMP will consider opportunities in a wide range of industries, including distribution, manufacturing, healthcare, and consumer products. Norwest Mezzanine Partners is affiliated with private equity firm Norwest Equity Partners. NMP was formed in 2000 and is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 54 of 88 |
| Sector (Electrical Equipment) | 1 of 2 |
| Type (Divestiture) | 5 of 6 |
| State (Wisconsin) | 2 of 4 |
| Country (United States) | 52 of 85 |
| Year (2013) | 2 of 2 |
| Size (of disclosed) | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-12-05 |
Avtron Aerospace
Cleveland, Ohio, United States Avtron Aerospace, Inc. is a designer and manufacturer of electrical, electronic, and hydraulic aircraft component test solutions for the global commercial and military aerospace markets. Avtron Aerospace was founded in 1953 and is based in Cleveland, Ohio. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-27 |
Hospitality Staffing Solutions
Atlanta, Georgia, United States Hospitality Staffing Solutions LLC is a provider of outsourced housekeeping and related services to the hospitality sector in the United States. With operations in 38 states and Puerto Rico, HSS provides a comprehensive suite of services, including housekeeping, food service, laundry, and groundskeeping, as well as outsourcing solutions for day-to-day management responsibilities, including hiring, training, and payroll. Founded in 1990, the company currently supports more than 1,000 properties in 75 markets. |
Sell | - |
| Category | Lender |
|---|---|
| Founded | 2007 |
| PE ASSETS | 6.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
PennantPark is a provider of credit solutions to middle-market private equity sponsors. The Firm looks to provide $10 to $100 million of capital and can support a variety of investment structures. PennantPark was formed in 2007 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 22 |
| Sector (Electrical Equipment) | 1 of 1 |
| Type (Divestiture) | 2 of 3 |
| State (Wisconsin) | 1 of 1 |
| Country (United States) | 14 of 22 |
| Year (2013) | 1 of 1 |
| Size (of disclosed) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-12-13 |
Vestcom
Little Rock, Arkansas, United States Vestcom is a provider of technology-enabled shelf-edge media solutions to the retail and consumer products industry. The company offers an array of solutions including customized shelf-edge labels, branding and promotional content labels, and shelf-edge strips with product information. Vestcom was founded in 1996 and is based in Little Rock, Arkansas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-02-03 |
e.l.f. Cosmetics
New York, New York, United States JA Cosmetics Corp. is a developer and marketer of high quality, "extreme value" priced color cosmetics products sold online and through retailers such as Target, Kmart and Dollar General. JA Cosmetics Corp. was established in 2004 and is based in New York city. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1910 |
| Sector | Machinery |
| Employees | 2,200 |
| Revenue | 571M USD (2022) |
Enerpac Tool Group is a premier industrial tools and services company serving a broad and diverse set of customers in more than 90 countries. Enerpac Tool Group businesses are in high-pressure hydraulic tools, controlled force products and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. Enerpac Tool Group was founded in 1910 and is based in Menomonee Falls, Wisconsin.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 8 |
| Sector (Electrical Equipment) | 2 of 3 |
| Type (Divestiture) | 3 of 8 |
| State (Wisconsin) | 1 of 2 |
| Country (United States) | 2 of 5 |
| Year (2013) | 1 of 1 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-02 |
Viking SeaTech
Aberdeen, United Kingdom Viking SeaTech Ltd. is an offshore support specialist providing a comprehensive range of equipment and services to the offshore oil and gas industry. Viking serves customers globally with its primary markets in the North Sea (U.K. and Norway) and Australia. |
Buy | $225M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-05-30 |
Hayes Industries
Sugar Land, Texas, United States Hayes Industries Ltd. is a custom and high volume commodity manufacturer of multiple niche, customer specific, American-made products. Hayes service a wide variety of industries, including construction, geophysical, oil, defense, and consumer markets. |
Buy | $31M |
