M&A Deal Summary

Stonebridge Partners, Promus Equity Partners and Stockwell Capital Acquire Cast-Crete USA

On January 1, 2017, private equity firms Stonebridge Partners, Promus Equity Partners and Stockwell Capital acquired building materials company Cast-Crete USA

Acquisition Highlights
  • This is Stonebridge Partners’ 4th, Promus Equity Partners’ 2nd and Stockwell Capital’s 1st transaction in the Building Materials sector.
  • This is Stonebridge Partners’ 16th, Promus Equity Partners’ 14th and Stockwell Capital’s 35th transaction in the United States.
  • This is Stonebridge Partners’ 3rd, Promus Equity Partners’ 1st and Stockwell Capital’s 3rd transaction in Florida.
Investment Fate
  • Cast-Crete USA was sold to a consortium of financial buyers in 2022.

M&A Deal Summary

Date 2017-01-01
Target Cast-Crete USA
Sector Building Materials
Buyer(s) Stonebridge Partners
Promus Equity Partners
Stockwell Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Cast-Crete USA

Seffner, Florida, United States
Cast-Crete USA is a manufacturer and distributor of precast and prestressed concrete lintels and sills. Cast-Crete USA was established in 1955 and is based in Seffner, Florida.

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Buyer(S) 3

Buyer

Stonebridge Partners

White Plains, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Stonebridge Partners is a private equity firm that targets investments in mid-sized privately-owned companies or divisions of public companies primarily serving the industrial or commercial marketplaces. The Firm 'particularly seeks companies where manufacturing equipment, processes, technology, patents, brand identity and/or reputation provide sustainable barriers to entry for potential competitors'. Target sectors include specialty manufacturing, value-added distributors, specialty packaging, building materials, and infrastructure. Stonebridge prefers businesses located in the US and Canada. Stonebridge Partners was formed in 1986 and is based in White Plains, New York.


DEAL STATS #
Overall 17 of 21
Sector (Building Materials) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 11 of 11
State (Florida) 3 of 3
Country (United States) 16 of 20
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-29 ADI American Distributors

Randolph, New Jersey, United States

ADI American Distributors is a distributor and value-added assembler of electrical components and systems primarily for the global aerospace industry. With an extensive network of worldwide suppliers. ADI American Distributors was founded in 1983 and is based in Randolph, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Trivium Packaging

Amsterdam, Netherlands

Trivium Packaging will serve a diverse range of major multinational, regional and local customers operating in a wide array of end markets, including food, seafood, pet food, nutrition, beauty, and personal care, household care and premium beverages. Trivium Packaging is based in Amsterdam, Netherlands.

Sell $2.5B
Buyer

Promus Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Promus Equity Partners is a private investment firm affiliated with Promus Holdings, a multi-family office. Promus looks to fund buyouts, management buyouts, and recapitalizations as well as growth equity financings and strategic add-ons for existing portfolio companies. Sectors of interest include consumer products, food, beverages, industrial products, specialty materials, distribution, and business services. Target platform companies generally have up to $15 million of EBITDA. Promus Equity Partners was founded in 2011 and is based in Chicago, Illinois.


DEAL STATS #
Overall 14 of 27
Sector (Building Materials) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 7 of 12
State (Florida) 1 of 2
Country (United States) 14 of 26
Year (2017) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-08 Wedgewood Pharmacy

Swedesboro, New Jersey, United States

Wedgewood Pharmacy is a pharmacy specializing in animal health, addiction medicine, and urology. Wedgewood has a broad and diverse portfolio of offerings, leading to low customer and stock concentration; holds strategic partnerships with veterinary corporate groups; and offers a defined value proposition to veterinary clinics and pet owners. Wedgewood Pharmacy was founded in 1980 and is based in Swedesboro, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-05 Clarion

Milford, Pennsylvania, United States

Clarion is a provider of standards-based visual safety labels and signs that support original equipment manufacturers, facility owners, and employers in reducing risk and protecting workers. It serves thousands of customers across the world in a large and diverse set of industries. Customers rely on Clarion’s expertise to help them navigate applicable regulatory and safety standards related to risk communication, resulting in the implementation of tailored systems of risk reduction. Clarion Safety Systems was established in 1989 and is based in Milford, Pennsylvania.

Buy -
Buyer

Stockwell Capital

Austin, Texas, United States

Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Stockwell Capital is a co-investment firm, focused on making minority investments alongside private equity sponsors. Stockwell is a generalist investor, with no sector preferences and looks to commit $3 to $10 million per investment. The Firm will consider opportunities throughout the US and Europe and prefers late-stage or growth equity situations. Stockwell Capital was formed in 2002 and is based in Chicago.


DEAL STATS #
Overall 44 of 44
Sector (Building Materials) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 13 of 13
State (Florida) 3 of 3
Country (United States) 35 of 35
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-12 ODEON Cinemas

London, United Kingdom

ODEON Cinemas Ltd. is a cinema operator with 242 cinemas and 2,236 screens. Odeon & UCI operates in four major markets: UK, Spain, Italy and Germany; and three smaller markets: Austria, Portugal and Ireland.

Sell £921M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-19 Avaya

Santa Clara, California, United States

Avaya, Inc. is a global provider of communication systems, applications, and end-to-end services to enterprises worldwide; and offers IP telephony solutions, traditional voice communications solutions, contact center infrastructure and applications, and unified communications gear and appliances. Avaya was formed in 2000 and is based in Santa Clara, California.

Sell -