M&A Deal Summary

Summit Park Acquires Michelli Weighing & Measurement

On January 4, 2024, private equity firm Summit Park acquired test/measurement equipment company Michelli Weighing & Measurement

Acquisition Highlights
  • This is Summit Park’s 2nd transaction in the Test/Measurement Equipment sector.
  • This is Summit Park’s 21st transaction in the United States.
  • This is Summit Park’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2024-01-04
Target Michelli Weighing & Measurement
Sector Test/Measurement Equipment
Buyer(s) Summit Park
Deal Type Recapitalization

Target

Michelli Weighing & Measurement

New Orleans, Louisiana, United States
Michelli Weighing & Measurement is a test and measurement business providing calibration, maintenance, inspection, and installation services and products for industrial weighing equipment, precision measurement devices, and calibration equipment. Michelli Weighing & Measurement was founded in 1947 and is based in New Orleans, Louisiana.

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Buyer(S) 1

Buyer

Summit Park

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 245M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Summit Park Partners is a private investment firm that acquires lower middle-market companies. Summit Park looks for profitable, established businesses in consumer services, business services, value-added distribution, and light manufacturing. The Firm targets businesses with revenues of $20 to $150 million and EBITDA between $4 and $15 million. Prospective transaction types include recapitalizations, management buyouts, family successions, corporate divestitures, and industry consolidations. Summit's geographic preference is within the Southeast and Mid-Atlantic US. Summit Park was formed in 2005 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 22 of 23
Sector (Test/Measurement Equipment) 2 of 2
Type (Recapitalization) 16 of 17
State (Louisiana) 1 of 1
Country (United States) 21 of 22
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-05 Parkline

Eleanor, West Virginia, United States

Parkline. is a manufacturer of highly engineered, site-erected and modular metal buildings utilized for a variety of applications in the electrical utility, oil and gas transmission and distribution, wind energy, self-storage, wastewater treatment, and telecommunications industries. Parkline was founded in 1973 and is based in Eleanor, West Virginia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-01 United Air Temp

Lorton, Virginia, United States

United Air Temp is a provider of residential heating, ventilation, and air conditioning (HVAC) services to residential homeowners. United Air Temp is headquartered in Lorton, Virginia.

Sell -
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