Stonehenge Partners Mergers and Acquisitions Summary

Mezzanine Finance Firm Profile

Stonehenge Partners’ most common sectors for investment arebusiness services (12%) and distribution (8%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (72%) and venture (9%). In total, Stonehenge Partners has invested in 26 US states and 3 different countries. Its largest (disclosed) acquisition occurred in 2004 when it acquired Rutland Plastic Technologies for $30M.

In the last 3 years, Stonehenge Partners has exited 2 companies. The Firm’s most common exit type is trade sale (45%). Stonehenge Partners’ largest (disclosed) exit occurred in 2005 when it sold Medex for $925M.

Join Mergr to view Stonehenge Partners’ full profile and discover more large mezzanine finance firm investors just like it.

M&A Summary

M&A Total Activity105
- M&A Buy Activity67
- M&A Sell Activity38
Total Sectors Invested 33
Total Countries Invested 3
M&A Buy/Sell Connections 47
M&A Advisors 2

Stonehenge Partners

Transaction Criteria	Min	Max
Target Revenue	10	-
Target EBITDA	2	-
Investment Size	10	50
Enterprise Value	-	-
values in millions of USD

Transaction Criteria

Min

Max

Target Revenue

Target EBITDA

Investment Size

Enterprise Value

values in millions of USD

Year	≤ '18	'19	'20	'21	'22	'23	T
Buy (0.2/yr)	#	66	1	-	-	-	-	67
vol	$45M						$45M
Sell (0.6/yr)	#	35	1	-	1	-	1	38
vol	$1.8B						$1.8B
	105

Year

≤ '18

'19

'20

'21

'22

'23

Buy (0.2/yr)

vol

$45M

Sell (0.6/yr)

vol

$1.8B

105

Company	Date	Value	Type
PPM Technologies LLC	2023-07-24	-	Trade Sale
Newberg, Oregon · www.ppmtech.com
Bancsource, Inc.	2021-06-02	-	Trade Sale
Springfield, Missouri · www.bancsource.net
United Retirement Plan Consultants, Inc.	2019-06-03	-	Trade Sale
Dublin, Ohio · www.unitedretirement.com
PPM Technologies LLC	2019-01-01	-	Buyout (LBO, MBO, MBI)
Newberg, Oregon · www.ppmtech.com
Frozen Specialties, Inc.	2018-12-03	-	Trade Sale
Perrysburg, Ohio · www.frozenspecialties.com
Algiere Construction Services, Inc.	2018-11-01	-	Buyout (LBO, MBO, MBI)
Plano, Texas · www.algierehospitality.com
Microdynamics Group, Inc.	2017-10-18	-	Trade Sale
Naperville, Illinois · www.microdg.com
BHS Specialty Chemicals LLC	2017-07-17	-	Trade Sale
Salt Lake City, Utah · www.bhsmarketing.com
Beacon Promotions, Inc.	2017-01-24	-	Trade Sale
New Ulm, Minnesota · www.beaconpromotions.com
Clad-Rex, Inc.	2016-12-22	-	Secondary Sale
Franklin Park, Illinois · www.cladrex.com
View All >>

Company

Date

Value

Type

PPM Technologies LLC

2023-07-24

Trade Sale

Newberg, Oregon · www.ppmtech.com

Bancsource, Inc.

2021-06-02

Trade Sale

Springfield, Missouri · www.bancsource.net

United Retirement Plan Consultants, Inc.

2019-06-03

Trade Sale

Dublin, Ohio · www.unitedretirement.com

PPM Technologies LLC

2019-01-01

Buyout (LBO, MBO, MBI)

Newberg, Oregon · www.ppmtech.com

Frozen Specialties, Inc.

2018-12-03

Trade Sale

Perrysburg, Ohio · www.frozenspecialties.com

Algiere Construction Services, Inc.

2018-11-01

Buyout (LBO, MBO, MBI)

Plano, Texas · www.algierehospitality.com

Microdynamics Group, Inc.

2017-10-18

Trade Sale

Naperville, Illinois · www.microdg.com

BHS Specialty Chemicals LLC

2017-07-17

Trade Sale

Salt Lake City, Utah · www.bhsmarketing.com

Beacon Promotions, Inc.

2017-01-24

Trade Sale

New Ulm, Minnesota · www.beaconpromotions.com

Clad-Rex, Inc.

2016-12-22

Secondary Sale

Franklin Park, Illinois · www.cladrex.com

View All >>

Sector	Current #	Value	All-time #	Value
Business Services	-	-	8 (12%)	4M (9%)
Distribution	1 (20%)	-	5 (7%)	-
Consumer Products	-	-	4 (6%)	-
Healthcare Services	2 (40%)	-	4 (6%)	-
Food	-	-	3 (4%)	5M (11%)
Apparel/Textiles	-	-	3 (4%)	-
Consumer Services	1 (20%)	-	3 (4%)	-
Packaging	-	-	3 (4%)	-
Energy Services and Equipment	-	-	2 (3%)	5M (11%)
Chemicals	-	-	2 (3%)	-
Construction	1 (20%)	-	2 (3%)	-
Financial Services	-	-	2 (3%)	-
Machinery	-	-	2 (3%)	-
Manufacturing	-	-	2 (3%)	-
Medical Products	-	-	2 (3%)	-
Software	-	-	2 (3%)	-
Transportation	-	-	2 (3%)	-
Plastics	-	-	1 (1%)	30M (67%)
Oil/Gas Exploration	-	-	1 (1%)	1M (2%)
Automotive	-	-	1 (1%)	-
Building Materials	-	-	1 (1%)	-
Communications	-	-	1 (1%)	-
Digital Media	-	-	1 (1%)	-
Electrical Equipment	-	-	1 (1%)	-
Engineering	-	-	1 (1%)	-
Environmental	-	-	1 (1%)	-
Insurance	-	-	1 (1%)	-
Media	-	-	1 (1%)	-
Metals/Mining	-	-	1 (1%)	-
Publishing	-	-	1 (1%)	-
Retail	-	-	1 (1%)	-
Staffing	-	-	1 (1%)	-
Test/Measurement Equipment	-	-	1 (1%)	-
Total	5	-	67	$45M

Sector

Current #

Value

All-time #

Value

Business Services

8 (12%)

4M (9%)

Distribution

1 (20%)

5 (7%)

Consumer Products

4 (6%)

Healthcare Services

2 (40%)

4 (6%)

Food

3 (4%)

5M (11%)

Apparel/Textiles

3 (4%)

Consumer Services

1 (20%)

3 (4%)

Packaging

3 (4%)

Energy Services and Equipment

2 (3%)

5M (11%)

Chemicals

2 (3%)

Construction

1 (20%)

2 (3%)

Financial Services

2 (3%)

Machinery

2 (3%)

Manufacturing

2 (3%)

Medical Products

2 (3%)

Software

2 (3%)

Transportation

2 (3%)

Plastics

1 (1%)

30M (67%)

Oil/Gas Exploration

1 (1%)

1M (2%)

Automotive

1 (1%)

Building Materials

1 (1%)

Communications

1 (1%)

Digital Media

1 (1%)

Electrical Equipment

1 (1%)

Engineering

1 (1%)

Environmental

1 (1%)

Insurance

1 (1%)

Media

1 (1%)

Metals/Mining

1 (1%)

Publishing

1 (1%)

Retail

1 (1%)

Staffing

1 (1%)

Test/Measurement Equipment

1 (1%)

Total

$45M

State/Country	Current #	Value	All-time #	Value
United States	5 (100%)	-	65 (97%)	45M (100%)
	Ohio	1 (20%)	-	18 (27%)	-
	Texas	3 (60%)	-	7 (10%)	5M (11%)
	New York	-	-	5 (7%)	9M (20%)
	Illinois	-	-	5 (7%)	-
	Michigan	-	-	4 (6%)	-
	Pennsylvania	1 (20%)	-	2 (3%)	-
	Louisiana	-	-	2 (3%)	1M (2%)
	California	-	-	2 (3%)	-
	Wisconsin	-	-	2 (3%)	-
	Minnesota	-	-	2 (3%)	-
	North Carolina	-	-	1 (1%)	30M (67%)
	Kansas	-	-	1 (1%)	-
	Indiana	-	-	1 (1%)	-
	Georgia	-	-	1 (1%)	-
	Florida	-	-	1 (1%)	-
	Colorado	-	-	1 (1%)	-
	Arkansas	-	-	1 (1%)	-
	West Virginia	-	-	1 (1%)	-
	Vermont	-	-	1 (1%)	-
	Utah	-	-	1 (1%)	-
	Tennessee	-	-	1 (1%)	-
	South Carolina	-	-	1 (1%)	-
	Oregon	-	-	1 (1%)	-
	Missouri	-	-	1 (1%)	-
	Massachusetts	-	-	1 (1%)	-
	Maryland	-	-	1 (1%)	-
Canada	-	-	1 (1%)	-
	Ontario	-	-	1 (1%)	-
France	-	-	1 (1%)	-
Domestic	5 (100%)	-	65 (97%)	45M (100%)
Cross-border	-	-	2 (3%)	-
Total	5	-	67	$45M

State/Country

Current #

Value

All-time #

Value

United States

5 (100%)

65 (97%)

45M (100%)

Ohio

1 (20%)

18 (27%)

Texas

3 (60%)

7 (10%)

5M (11%)

New York

5 (7%)

9M (20%)

Illinois

5 (7%)

Michigan

4 (6%)

Pennsylvania

1 (20%)

2 (3%)

Louisiana

2 (3%)

1M (2%)

California

2 (3%)

Wisconsin

2 (3%)

Minnesota

2 (3%)

North Carolina

1 (1%)

30M (67%)

Kansas

1 (1%)

Indiana

1 (1%)

Georgia

1 (1%)

Florida

1 (1%)

Colorado

1 (1%)

Arkansas

1 (1%)

West Virginia

1 (1%)

Vermont

1 (1%)

Utah

1 (1%)

Tennessee

1 (1%)

South Carolina

1 (1%)

Oregon

1 (1%)

Missouri

1 (1%)

Massachusetts

1 (1%)

Maryland

1 (1%)

Canada

1 (1%)

Ontario

1 (1%)

France

1 (1%)

Domestic

5 (100%)

65 (97%)

45M (100%)

Cross-border

2 (3%)

Total

$45M

Type	Current #	Value	All-time #	Value
Buyout (LBO, MBO, MBI)	2 (40%)	-	48 (72%)	5M (11%)
Venture	-	-	6 (9%)	10M (22%)
Growth Capital	2 (40%)	-	5 (7%)	-
Secondary Buyout	-	-	4 (6%)	30M (67%)
Recapitalization	-	-	2 (3%)	-
Going Private	1 (20%)	-	1 (1%)	-
Stake Purchase	-	-	1 (1%)	-
Total	5	-	67	$45M

Type

Current #

Value

All-time #

Value

Buyout (LBO, MBO, MBI)

2 (40%)

48 (72%)

5M (11%)

Venture

6 (9%)

10M (22%)

Growth Capital

2 (40%)

5 (7%)

Secondary Buyout

4 (6%)

30M (67%)

Recapitalization

2 (3%)

Going Private

1 (20%)

1 (1%)

Stake Purchase

1 (1%)

Total

$45M

Type	Total #	Value
Secondary Sale	15 (39%)	440M (24%)
Trade Sale	11 (29%)	-
Trade Sale - Public Company	8 (21%)	1.4B (76%)
Recapitalization	2 (5%)	-
Bankruptcy	1 (3%)	-
Merger	1 (3%)	-
Total	38	$1.8B

Type

Total #

Value

Secondary Sale

15 (39%)

440M (24%)

Trade Sale

11 (29%)

Trade Sale - Public Company

8 (21%)

1.4B (76%)

Recapitalization

2 (5%)

Bankruptcy

1 (3%)

Merger

1 (3%)

Total

$1.8B

Financial	Deals
Blaige & Co. LLC	1
Western Reserve Partners LLC	1

Financial

Deals

Blaige & Co. LLC

Western Reserve Partners LLC

buy	#	Total
< $100M	5	$45M
TOTAL	$45M
Largest	Rutland Plastic Technologies, Inc. $30M (2004-12-01)

buy

Total

< $100M

$45M

TOTAL

$45M

Largest

Rutland Plastic Technologies, Inc.
$30M (2004-12-01)

sell	#	Total
$100M to $1B	3	$1.5B
< $100M	3	$268M
TOTAL	$1.8B
Largest	Medex, Inc. $925M (2005-03-21)

sell

Total

$100M to $1B

$1.5B

< $100M

$268M

TOTAL

$1.8B

Largest

Medex, Inc.
$925M (2005-03-21)

		Deals
Acquired from
Investor(s)	4%	3 (4%)
Exited to
Investor(s)	42%	16 (42%)
Strategic(s)	45%	17 (45%)

Deals

Acquired from

Investor(s)

3 (4%)

Exited to

Investor(s)

16 (42%)

Strategic(s)

17 (45%)

FAQ

When was Stonehenge Partners founded?

Stonehenge Partners was founded in 1999.

What type of investor is Stonehenge Partners?

Stonehenge Partners is a mezzanine finance firm.

Where is Stonehenge Partners headquartered?

Stonehenge Partners is headquartered in Columbus, Ohio.

How much capital does Stonehenge Partners have under management?

Stonehenge Partners has 1.0B USD under management.

Stonehenge Partners Mergers and Acquisitions Summary

Mezzanine Finance Firm Profile

M&A Summary