Investment Summary |
|
|---|---|
| Date | 2017-09-18 |
| Target | Spencer N Enterprises |
| Sector | Consumer Products |
| Investor(s) | Sure Fit |
| Sellers(s) |
21st Century Group
Ancor Capital Partners Capital Point Partners Parkway Capital Smith Whiley & Co. |
| Deal Type | Add-on Acquisition |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1914 |
| Sector | Consumer Products |
Sure Fit is a provider of ready-made slipcovers and related accessories. The company's longstanding position as the premier producer of ready-made slipcovers and coordinating accessories is based on its history of providing value-added decorating solutions in a broad range of styles to meet the needs of the widest range of purchasers. Sure Fit's product line includes slipcovers for sofas, loveseats, chairs, oversized chairs, wing chairs, dining room chairs, recliners, ottomans, and futons as well as furniture throws and coordinating decorative pillows. It provides an attractive and affordable solution for consumers who need to protect furniture from children, pets, and general wear or want to quickly and cost-effectively enhance the appearance of a room. Sure Fit has operations in New York, New York, and Allentown, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Consumer Products M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 1 of 1 |
| State: California M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2017 M&A | 1 of 1 |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 166M USD |
| Size | Small |
| Type | Sector Agnostic |
21st Century Group is a private equity firm that targets lower middle-market company investments. The Firm looks for businesses generating annual sales of $15 to $150 million and valued between $15 and $100 million. Sectors of interest include manufacturing, value-added distribution, services, and media. Prospective transactions include divisions or subsidiaries of public or private companies, private companies seeking liquidity, family owned companies seeking intergeneration transfer of wealth, and take privates. 21st Century was formed in 1998 and is based in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 9 |
| Sector: Consumer Products M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 4 of 4 |
| State: California M&A | 1 of 1 |
| Country: United States M&A | 9 of 9 |
| Year: 2017 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-06-27 |
Milk Specialties Global
Eden Prairie, Minnesota, United States Milk Specialties Global is a human and animal nutrition company. The Human Nutrition Business Unit is a leading manufacturer of whey and milk protein ingredients used primarily in the sports nutrition and functional foods end-markets. Milk Specialties Global was founded in 1949 and is based in Eden Prairie, Minnesota. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| Size | Small |
| Type | Sector Agnostic |
Ancor Capital Partners is a private equity firm focused on recapitalizations of lower middle-market companies operating in the manufacturing, distribution, and healthcare sectors. Prospective businesses are generally valued between $25 and $150 million and are profitable with EBITDA of $5 to $15 million. The Firm prefers businesses located in the US. Ancor will does not invest in start-ups, turnarounds, or businesses in real estate, or energy exploration. Ancor Capital Partners was formed in 1994 and is based in Southlake, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 14 |
| Sector: Consumer Products M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 8 of 10 |
| State: California M&A | 1 of 2 |
| Country: United States M&A | 10 of 14 |
| Year: 2017 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-09-05 |
Stratus
Irving, Texas, United States Stratus is a provider of in‐home neurodiagnostic, sleep diagnostic and cardiac testing services, currently operating throughout the United States. Stratus was founded in 2006 and is based in Irving, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-09-27 |
WellSpring Consumer Healthcare
Sarasota, Florida, United States WellSpring Consumer Healthcare is a marketer of over-the-counter and cosmetic brands in the skincare, feminine hygiene, and gastrointestinal care categories. WellSpring’s portfolio includes Bactine, Bonine, FDS, Emetrol, Micatin, Gelusil, Glaxal Base, Barriere, and K-Lyte. WellSpring Consumer Healthcare was founded in 1999 and is based in Sarasota, Florida. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| Size | Small |
| Type | Sector Agnostic |
Capital Point Partners (CPP) is an independently owned investment management firm providing mezzanine capital to middle-market companies throughout the US. CPP supports a wide variety of transaction types, including buyouts, recapitalizations and refinancings, mergers and acquisitions and growth or expansion situations. CPP invests junior capital nationwide in companies owned by established equity sponsor groups, companies with fundless sponsor involvement, and also directly with strong management team shareholders in non-sponsored companies. The Firm's target investment size is $5 to $20 million. CPP will not invest in real estate or oil/gas exploration. Capital Point Partners is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 7 |
| Sector: Consumer Products M&A | 2 of 2 |
| Type: Add-on Acquisition M&A Deals | 3 of 3 |
| State: California M&A | 2 of 2 |
| Country: United States M&A | 7 of 7 |
| Year: 2017 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-09-10 |
OneTouchPoint
Hartland, Wisconsin, United States OneTouchPoint provides print and document services that include digital document management, data exchange between OTP and its customers, just-in-time production and delivery, variable data printing, document hosting, and customized print solutions. OneTouchPoint was founded in 2007 and is based in Hartland, Wisconsin. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 400M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Parkway Capital is the mezzanine finance unit of Calvert Street Partners. Parkway's investments typically take the form of subordinated debt, which can be combined with a junior secured loan or preferred stock. If an opportunity calls for common equity, Parkway can also co-invest with other shareholders. Parkway looks to commit $3 to $12 million of capital per transaction in companies with at least $10 million in revenue and EBITDA in excess of $2 million. Funds are generally used to support business expansions, corporate acquisitions, leverage buyouts, recapitalization, ownership transfers, and 'wealth diversification'. Parkway Capital was formed in 2000 and became a unit of Calvert Street in 2019.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 13 |
| Sector: Consumer Products M&A | 1 of 2 |
| Type: Add-on Acquisition M&A Deals | 3 of 5 |
| State: California M&A | 1 of 1 |
| Country: United States M&A | 9 of 13 |
| Year: 2017 M&A | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-05-18 |
American Dryer
Fall River, Massachusetts, United States American Dryer Corp. is a manufacturer and marketer of coin-operated, on-premise, industrial and specialty laundry equipment. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-30 |
Westone Laboratories
Colorado Springs, Colorado, United States Westone Laboratories, Inc. is a designer and manufacturer of high-quality hearing healthcare and in-ear audio solutions, with products ranging from hearing protection devices and audiology supplies to custom hearing aid earpieces and high-fidelity earphones. Westone Laboratories was founded in 1959 and is based in Colorado Springs, Colorado. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 500M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Smith Whiley & Co. is a generalist private equity firm focused on equity and subordinated debt investments in mid-sized businesses located throughout the US. Smith Whiley was formed in 1994 and is based in Hartford, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 7 |
| Sector: Consumer Products M&A | 1 of 2 |
| Type: Add-on Acquisition M&A Deals | 1 of 1 |
| State: California M&A | 1 of 1 |
| Country: United States M&A | 5 of 7 |
| Year: 2017 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-12-11 |
VanDeMark
Lockport, New York, United States VanDeMark is a provider of specialty and custom chemicals focusing on phosgene production and phosgene-related chemistry. These products are used in pharmaceuticals, agricultural chemicals, polymers, sealants, coatings, and biocides. VanDeMark was founded in 1951 and is based in Lockport, New York. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-18 |
Brook & Whittle
Guilford, Connecticut, United States Brook & Whittle manufactures premium prime label solutions with specialized capabilities, serving many of the world’s leading brands. The Company provides pressure-sensitive labels, shrink sleeves, and flexible packaging, with a focus on sustainable solutions and decorative effects requiring significant technical expertise. Brook & Whittle was founded in 1995 and is based in Guilford, Connecticut. |
Sell | - |
