M&A Deal Summary

Southpointe Ventures Acquires Tread

On April 1, 2024, private equity firm Southpointe Ventures acquired machinery company Tread

Acquisition Highlights
  • This is Southpointe Ventures’ 2nd transaction in the Machinery sector.
  • This is Southpointe Ventures’ 8th transaction in the United States.
  • This is Southpointe Ventures’ 1st transaction in Vermont.

M&A Deal Summary

Date 2024-04-01
Target Tread
Sector Machinery
Buyer(s) Southpointe Ventures
Deal Type Buyout (LBO, MBO, MBI)

Target

Tread

Roanoke, Vermont, United States
Tread is a designer and manufacturer of bulk handling and processing equipment for the explosives industry. Tread was founded in 1957 and is based in Roanoke, Vermont.

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Buyer(S) 1

Buyer

Southpointe Ventures

Atlanta, Georgia, United States

Investor


Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Southpointe Ventures is a private equity group that targets smaller, established companies in the Southeast United States. Southpointe looks to invest in companies that allow for faster growth and higher return potential due to the company's lower overhead structure, market flexibility, and efficiency. The Firm focuses on companies with revenues of $5 to $50 million and EBITDA of $1 to $5 million. Southpointe will not invest in start-ups, turnarounds or real estate. Southpointe Ventures was founded in 2003 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 8 of 8
Sector (Machinery) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 7 of 7
State (Vermont) 1 of 1
Country (United States) 8 of 8
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-27 Sunbelt Packaging

York, South Carolina, United States

Sunbelt Packaging is a provider of industrial packaging, strapping, and thread supplies and equipment. Sunbelt sells products to industrial and commercial end-users that manufacture, transport, or store products, in industries that include general manufacturing, food production, and mining. Sunbelt Packaging was founded in 1980 and is based in York, South Carolina.

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