M&A Deal Summary

Hicks Holdings, Weinberg Capital Group, Bratenahl Capital Partners and The Riverside Company Acquires H-D Advanced Manufacturing

On December 11, 2012, Hicks Holdings, family office Weinberg Capital Group, private equity firm Bratenahl Capital Partners and private equity firm The Riverside Company acquired manufacturing company H-D Advanced Manufacturing

Acquisition Highlights
  • This is Hicks Holdings’ 1st, Weinberg Capital Group’s 2nd, Bratenahl Capital Partners’ 2nd and The Riverside Company’s 19th transaction in the Manufacturing sector.
  • This is Hicks Holdings’ 8th, Weinberg Capital Group’s 7th, Bratenahl Capital Partners’ 18th and The Riverside Company’s 113th transaction in the United States.
  • This is Hicks Holdings’ 6th, Weinberg Capital Group’s 1st, Bratenahl Capital Partners’ 2nd and The Riverside Company’s 7th transaction in Texas.

M&A Deal Summary

Date 2012-12-11
Target H-D Advanced Manufacturing
Sector Manufacturing
Buyer(s) Hicks Holdings
Weinberg Capital Group
Bratenahl Capital Partners
The Riverside Company
Deal Type Consolidation

Target

H-D Advanced Manufacturing

Houston, Texas, United States
website
H-D Advanced Manufacturing is a manufacturer of precision-engineered products for mission-critical applications serving a variety of demanding end markets including aerospace & defense, oil & gas, industrial gearing and motion control, and more. H-D Advanced Manufacturing was formed in 2012 and is based in Houston, Texas.

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Buyer(S) 4

Buyer

Hicks Holdings

Dallas, Texas, United States

website


Category Private Equity Firm
Founded 2005
SizeSmall
Type Sector Agnostic
DESCRIPTION

Hicks Holdings is the family office that owns and operates the Hicks Family Assets. Hicks Holdings consists of Hicks Sports Group, Hicks Equity Partners, Hicks Real Estate Partners, and Hicks Trans American Partners. Hicks Equity Partners (HEP) is the private equity unit and generally seeks investment opportunities in media, branded foods, consumer products, energy, and industrials. HEP looks for established companies with strong cash flows and proven track records. Typical transactions include divestitures, acquisitions of private or public companies, growth financings, and distressed/special situations. Hicks Equity Partners along with the rest of Hicks Holdings is located in Dallas, Texas.


DEAL STATS #
Overall 10 of 11
Sector (Manufacturing) 1 of 1
Type (Consolidation) 1 of 1
State (Texas) 6 of 7
Country (United States) 8 of 9
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-29 Latrobe Specialty Metals

Latrobe, Pennsylvania, United States

Latrobe Specialty Metals, Inc. is a producer and distributor of specialty steels and alloys. Latrobe Steel offers a comprehensive line of aerospace related specialty steels and alloys for technical niche applications, as well as high-speed, tool and die steels. Latrobe Specialty Metals was formed in 1913 and is based in Latrobe, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-12 Just Brakes

Dallas, Texas, United States

Just Brakes is a retail provider of automotive brake and maintenance services.

Buy -
Buyer

Weinberg Capital Group

Cleveland, Ohio, United States

Investor Investor Investor

website


Category Family Office
Founded 2003
SizeSmall
Type Sector Agnostic
DESCRIPTION

Weinberg Capital Group is a Midwestern US-based investment firm focused on real estate and private equity investments. Weinberg's private equity group targets control investments in lower middle-market, North American, profitable companies with $10 to $100 million of revenue. Sectors of interest include manufacturing, business services, medical and healthcare, aviation services, consumer products, and value-added distribution. Weinberg's real estate group targets opportunities in retail, multi-family, office, and industrial properties. Weinberg Capital Group was formed in 2003 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 7 of 12
Sector (Manufacturing) 2 of 3
Type (Consolidation) 2 of 2
State (Texas) 1 of 1
Country (United States) 7 of 12
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-01 AeroRepair

Londonderry, New Hampshire, United States

AeroRepair Corp is an independent Maintenance, Repair, and Overhaul ("MRO") platform in North America with a focus on wheels, brakes, batteries and landing gears, serving a highly attractive and diverse group of regional and mainline airlines as well as corporate fleets and narrow and wide-body aircraft. AeroRepair's sister-company, Hemico, provides Parts Manufacturer Approval engineering services, as well as Designated Engineering Representative, approved repairs. AeroRepair offers its customers complete wheel and brake management solutions including high-quality workmanship, leading turn-times, asset management, and logistics services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-22 Carl s Patio

Boca Raton, Florida, United States

Carl's Patio is a retailer of luxury outdoor furniture and accessories serving the south Florida market. The Company offers the industry's most comprehensive selection of high-end outdoor furniture from leading international vendors as well as its own proprietary line of furniture called Fifth & Shore and proprietary pillow line marketed under the Haberdashery brand name. The Company markets its collections through a mix of 11 specialty retail stores, one outlet center, and nationally through its www.carlspatio.com and www.patiofurniture.com e-commerce platforms.

Buy -
Buyer

Bratenahl Capital Partners

Investor Investor

website


Category Private Equity Firm
Founded 2003
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Bratenahl Capital Partners is a private investment group focused on fund as well as direct/co-investment opportunities. The Firm's direct investment practice seeks to commit $500K to $15 million in partnership with other funded or unfunded sponsors. Bratenahl does not have any sector preferences, but does prefer companies with diversified customers and experienced management in place. Bratenahl Capital Partners was formed in 2003 and is headquartered in Cleveland, Ohio.


DEAL STATS #
Overall 23 of 35
Sector (Manufacturing) 2 of 3
Type (Consolidation) 1 of 1
State (Texas) 2 of 2
Country (United States) 18 of 30
Year (2012) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-22 Cleveland HeartLab

Cleveland, Ohio, United States

Cleveland HeartLab, Inc. is a diagnostics company specializing in the detection, prevention, and management of cardiovascular disease from a proprietary product pipeline licensed exclusively from the Cleveland Clinic, the global leader in cardiac health.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-04 Radix Wire & Cable

Glenwillow, Ohio, United States

Radix Wire & Cable is a manufacturer of electrical wire and cable for high-performance applications - serving the industrial, commercial, fire protection, consumer, and oil & gas markets. Radix Wire & Cable was founded in 1944 and is based in Cleveland, Ohio.

Buy -
Buyer

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 159 of 274
Sector (Manufacturing) 19 of 20
Type (Consolidation) 2 of 8
State (Texas) 7 of 18
Country (United States) 113 of 189
Year (2012) 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-07 HerbThyme Farms

Perrysburg, Ohio, United States

HerbThyme Farms is the largest grower and marketer of organic and conventional fresh herbs in the U.S. The company grows its products on over 600 acres in California, and ships more than five million pounds of fresh herbs each year from its farms and other certified sources.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-20 DuBois Chemicals

Sharonville, Ohio, United States

DuBois Chemicals, Inc. is a chemical maker whose products are used for cleaning in a wide variety of industries. DuBois prides itself on high-quality solutions that improve efficiency, reduce environmental impact, and perform to the most demanding standards. DuBois Chemicals, Inc. was founded in 1920 and is based in Sharonville, Ohio.

Sell -