M&A Deal Summary

The Home Depot Acquires Compact Power Equipment Centers

On July 6, 2017, The Home Depot acquired distribution company Compact Power Equipment Centers from TerraNova Partners, Banyan Investment Partners, St. Cloud Capital, Kilmer Capital Partners and Main Street Capital for 265M USD

Acquisition Highlights
  • This is The Home Depot’s 7th transaction in the Distribution sector.
  • This is The Home Depot’s 5th largest (disclosed) transaction.
  • This is The Home Depot’s 14th transaction in the United States.
  • This is The Home Depot’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2017-07-06
Target Compact Power Equipment Centers
Sector Distribution
Buyer(s) The Home Depot
Sellers(s) TerraNova Partners
Banyan Investment Partners
St. Cloud Capital
Kilmer Capital Partners
Main Street Capital
Deal Type Add-on Acquisition
Deal Value 265M USD

Target

Compact Power Equipment Centers

Fort Mill, South Carolina, United States
website
Compact Power Equipment Centers LLC is a manufacturer and wholesale distributor of compact utility equipment used in a broad spectrum of industries including landscape contracting, telecommunications, general construction, irrigation, and utilities. Compact Power Equipment Centers LLC was established in 2008 and is headquartered in Fort Mill, South Carolina.

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Buyer(S) 1

Buyer

The Home Depot

Atlanta, Georgia, United States

website


Category Company
Founded 1978
Sector Retail
Employees504,800
Revenue 151.2B USD (2022)
DESCRIPTION
Entrance to Home Depot's corporate headquarters in Atlanta, Georgia.
Entrance to Home Depot's corporate headquarters in Atlanta, Georgia.

The Home Depot is a home improvement retailer. Home Depot operates more than 2,000 stores and home improvement centers across North America. The Home Depot was founded in 1978 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 14 of 16
Sector (Distribution) 7 of 8
Type (Add-on Acquisition) 12 of 14
State (South Carolina) 1 of 1
Country (United States) 14 of 16
Year (2017) 1 of 2
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-22 Interline Brands

Jacksonville, Florida, United States

Interline Brands, Inc. is a national distributor and direct marketer of broad-line maintenance, repair and operations (MRO) products.

Buy $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-21 The Company Store

Weehawke, New Jersey, United States

The Company Store LLC is an online retailer of textiles and home décor products, The Company Store has strong relationships and industry leading capabilities in the development and sourcing of high quality textiles across bedding, bath, and related categories. Founded in 1911, The Company Store has a rich history of providing products that are highly sought after by customers as they put the finishing touches on a room.

Buy -

Seller(S) 5

SELLER

TerraNova Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

TerraNova Partners LP is a diversified, generalist Canadian investment fund focused primarily on private company investments Terra Nova seeks companies at various stages of development where the Firm can add value. TerraNova looks to invest up to $5 million per transaction in growth companies with at least $10 million in revenues. Broad areas of interest include communications, industrials, financial services, business services, healthcare, alternative energy, and manufacturing. TerraNova Partners LP was formed in 2004 and is based in Toronto.


DEAL STATS #
Overall 2 of 2
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-15 Decision Point Research

Toronto, Ontario, Canada

Decision Point Research is a privately-held data collection company servicing the market research industry that has grown rapidly since its inception in 2013. Decision Point's clients, both in Canada and worldwide, include major market research firms, political parties, and global consumer-facing businesses (including consumer products, financial services, and auto companies) that require rigorously collected qualitative and quantitative data in order to make profitable and informed decisions. Decision Point has a large call center in Toronto from where it assists its clients with qualitative and quantitative research through telephone and online surveys, and it also recruits respondents for focus groups and other modes of in-depth interviews.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-19 York Labs

Stratford, Connecticut, United States

Formed in 1991, York Labs is a full-service environmental testing lab, servicing environmental consultants, developers, utilities, corporate entities, and government agencies. York provides an analysis of environmental samples including water, soil, air, and drinking water for regulated contaminants. York is a NELAP accredited laboratory and maintains comprehensive licenses in various states including Connecticut, New York, New Jersey & Pennsylvania. In addition to servicing clients working on monitoring, commercial development, and abatement projects, York is involved in large, long-term infrastructure and high profile projects such as the La Guardia, JFK, and Newark airport reconstructions, the Yankee Stadium development, and the Second Avenue Subway and Brooklyn Navy Yards projects. York is headquartered in Nyack, NY with labs in Stratford, CT, and Queens, NY, and an additional facilities in New Jersey and Long Island, NY.

Buy -
SELLER

Banyan Investment Partners

Miami, Florida, United States

Investor

website


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Banyan Mezzanine Fund is a specialty finance firm that provides mezzanine capital to smaller middle-market companies headquartered primarily in the Southeast US. Banyan looks to invest $5 to $25 million of junior capital in profitable companies. The Firm does not have any industry preferences, however, Banyan will not invest in real estate development, oil and gas exploration, direct lenders, start-ups or turn-around situations. Banyan Mezzanine was formed in 2002 and is based in Miami, Florida.


DEAL STATS #
Overall 16 of 21
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 10 of 13
State (South Carolina) 1 of 1
Country (United States) 16 of 21
Year (2017) 4 of 4
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-26 Solesbee s Equipment & Attachments

Douglasville, Georgia, United States

Solesbee's Equipment & Attachments, Inc. is a manufacturer of attachments for excavators, skid steers, front-end loaders, bull dozers and other equipment. The industry’s most demanding users have relied on Solesbee’s premium attachments since 1997. The Company’s employees are proud of Solesbee’s reputation for quality and durability and are excited to join the Business Area Demolition & Tools division of Lifco to further develop Solesbee’s expertise in design, engineering and manufacturing.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 City Gear

Memphis, Tennessee, United States

City Gear LLC is an urban fashion retail sector operating in the South East and Midwest. City Gear LLC was founded in 1978 and is based in Memphis, Tennessee.

Sell $88M
SELLER

St. Cloud Capital

Los Angeles, California, United States

website


Category Private Equity Firm
Founded 2001
PE ASSETS 530M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

St. Cloud Capital is an investment firm that invests in lower middle-market private and public companies. The Firm provides both debt and equity capital financing. St. Cloud targets well-managed, undervalued companies with successful products or services, proven technologies, and market niches. It looks to invest $3 to $20 million per transaction in companies with revenue of $10 to $150 million. Prospective transactions types include recapitalizations, buyouts, and growth capital financing. St Cloud Capital was formed in 2001 and is based in Los Angeles, California.


DEAL STATS #
Overall 9 of 13
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 2 of 5
State (South Carolina) 1 of 1
Country (United States) 9 of 13
Year (2017) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-17 gen-E

Denver, Colorado, United States

gen-E LLC is a software company providing service assurance and advanced analytics software, along with professional services to the telecommunications industry. The company offers solutions for communication service providers and companies with large, complex networks. gen-E was established in 1999 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-14 Restoration Media

Irvine, California, United States

Restoration Media, Inc. is a provider of data analytics and email marketing services to companies across multiple industries with a focus on the online employment space. Restoration Media was established in 2001 and is based in Irvine, California.

Buy -
SELLER

Kilmer Capital Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
PE ASSETS 1.0B CAD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Kilmer Capital Partners is a private equity investment firm that seeks small to mid market company investments to support expansions, acquisitions, buyouts, restructurings, recapitalizations and privatizations. Kilmer focuses its efforts within the electronics, communications, technology, food, textile, and media/entertainment sectors. The Firm's target investment size is C$5 to C$50 million in companies generating C$200 to C$200 million in sales. Kilmer will consider both majority and minority situations. Kilmer Capital Partners was formed in 1994 and is based in Toronto with an additional office in Montreal.


DEAL STATS #
Overall 10 of 11
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 7 of 8
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2017) 3 of 3
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-13 Altasciences

Laval, Quebec, Canada

Altasciences is a forward-thinking, mid-sized contract research organization offering pharmaceutical and biotechnology companies a proven, flexible approach to preclinical and clinical pharmacology studies, including formulation, manufacturing, and analytical services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-03 Chaleur Forest Products

Belledune, New Brunswick, Canada

Chaleur Forest Products owns and operates two modern and well-capitalized sawmills with a combined annual lumber production capacity of 350 million board feet. Chaleur Forest Products is based in Belledune, New Brunswick.

Sell CA$325M
SELLER

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $75 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital Corporation was formed in 1997 and is based in Houston, Texas.


DEAL STATS #
Overall 29 of 40
Sector (Distribution) 3 of 3
Type (Add-on Acquisition) 16 of 19
State (South Carolina) 1 of 1
Country (United States) 29 of 40
Year (2017) 4 of 4
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 Boccella Precast

Berlin, New Jersey, United States

Boccella Precast is a manufacturer of structural precast concrete products for a client base predominantly located in the Northeast and Mid-Atlantic regions of the United States, with a focus on the New York City market. The Company's products are used in a variety of applications including the construction of affordable housing, dormitories, apartment buildings, condominiums, hotels and educational facilities. Boccella Precast was founded in 1969 and is headquartered in Berlin, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Market Force Information

Louisville, Colorado, United States

Market Force is a global provider of customer experience management software and services, which capture customer experience data through multiple channels and provide location-based measurement and analytics. Market Force integrates this data into a cloud-based platform where clients can view, track, and analyze data in real time.

Buy -