Investment Summary

The Sterling Group and TorQuest Invest In Bad Boy Mowers

On December 11, 2019, private equity firms The Sterling Group and TorQuest invested in consumer products company Bad Boy Mowers

Investment Highlights
  • This is The Sterling Group’s 1st and TorQuest’s 3rd transaction in the Consumer Products sector.
  • This is The Sterling Group’s 37th and TorQuest’s 7th transaction in the United States.
  • This is The Sterling Group’s 1st and TorQuest’s 1st transaction in Arkansas.

Investment Summary

Date 2019-12-11
Target Bad Boy Mowers
Sector Consumer Products
Investor(s) The Sterling Group
TorQuest
Deal Type Growth Capital
Advisor(s) Stephens Investment Banking (Financial)
Jones Day (Legal)

Target

Bad Boy Mowers

Batesville, Arkansas, United States
website
Bad Boy Mowers is a manufacturer of high-performance zero-turn riding lawn mowers. Bad Boy enjoys a major brand in the lawn care industry with its lineup of commercial-quality residential mowers and professional-grade commercial mowers. Bad Boy sells its mowers across an expanding base of independent dealers and leading outdoor retailers. Bad Boy Mowers is based in Batesville, Arkansas.

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Investor(S) 2

Investor

The Sterling Group

Houston, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1982
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Sterling Group is a private equity firm focused on acquiring middle-market businesses within basic manufacturing, industrial services, and distribution. Sterling looks for companies valued from $100 to $750 million with positive cash-flow, strong market positions, and potential to grow. Sterling avoids investments in financial services, real estate, healthcare, or information technology companies. The Sterling Group was formed in 1982 and is based in Houston, Texas.


DEAL STATS #
Overall 40 of 48
Sector (Consumer Products) 1 of 1
Type (Growth Capital) 1 of 1
State (Arkansas) 1 of 1
Country (United States) 37 of 45
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-15 Polychem

Mentor, Ohio, United States

Polychem Corp. is a securement packaging industry. Polychem manufactures polyester ("PET") and polypropylene strapping consumables, securement equipment and related products, serving the food and beverage, consumer packaged goods, and industrial industries. Polychem Corp. was founded in 1974 and is based in Mentor, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-03 Frontline Road Safety

Denver, Colorado, United States

Frontline Road Safety Group is a provider of pavement marking services in the United States. Frontline offers a full range of pavement marking and specialty services to meet the needs of prime contractors, governmental agencies and the public.

Buy -
Investor

TorQuest

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2002
PE ASSETS 3.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

TorQuest Partners is a Canadian mid-market private equity firm. TorQuest invests in established companies that deal in manufacturing, business services, financial services, industrial products, food, consumer products, and chemicals. Prospective transaction situations include family successions, recapitalizations, corporate carve-outs, and buyouts. Torquest targets businesses valued from C$40 to C$250 million where the firm can commit C$20 to C$100 million. TorQuest Partners was formed in 2002 and is based in Toronto.


DEAL STATS #
Overall 31 of 41
Sector (Consumer Products) 3 of 3
Type (Growth Capital) 4 of 7
State (Arkansas) 1 of 1
Country (United States) 7 of 8
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-03 Joriki

Scarborough, Ontario, Canada

Joriki is a contract manufacturer of beverages for several major brands and private label retail customers. Joriki has an extensive range of beverage manufacturing and packaging capabilities, including hot-fill, cold-fill, and aseptic PET/carton lines across three strategically located Canadian facilities. Joriki is based in Scarborough, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-03 Barrette Outdoor Living

Middleburg Hts, Ohio, United States

Barrette Outdoor Living empowers homeowners to bring their personal outdoor space to life by providing fencing, railing, decking, and complimentary outdoor products that beckon people to embrace their Outside SideTM. Barrette Outdoor Living is proud to be an American manufacturer, with 14 locations throughout North America that provide outdoor products sold through specialty retailers, home centers, and lumberyards. Featuring more than 70 patents, proprietary state-of-the-art machinery, and rigorous testing and control standards, Barrette Outdoor Living products are meticulously engineered, and designed for flexibility and ease of installation. Barrette Outdoor Living is based in Middleburg Hts, Ohio.

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