M&A Deal Summary

3 Rivers Capital, Patriot Capital and SharpVue Capital Acquire Magnum Systems

On February 8, 2023, private equity firms 3 Rivers Capital, Patriot Capital and SharpVue Capital acquired packaging company Magnum Systems from Blue Sage Capital

Acquisition Highlights
  • This is 3 Rivers Capital’s 1st, Patriot Capital’s 3rd and SharpVue Capital’s 1st transaction in the Packaging sector.
  • This is 3 Rivers Capital’s 15th, Patriot Capital’s 102nd and SharpVue Capital’s 1st transaction in the United States.
  • This is 3 Rivers Capital’s 1st, Patriot Capital’s 1st and SharpVue Capital’s 1st transaction in Kansas.

M&A Deal Summary

Date 2023-02-08
Target Magnum Systems
Sector Packaging
Buyer(s) 3 Rivers Capital
Patriot Capital
SharpVue Capital
Sellers(s) Blue Sage Capital
Deal Type Secondary Buyout

Target

Magnum Systems

Lenexa, Kansas, United States
Magnum Systems is a designer and manufacturer of pneumatic conveying systems and packaging systems for powder and bulk solids. Magnum Systems was founded in 1960 and is based in Lenexa, Kansas.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 3

Buyer

3 Rivers Capital

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

3 Rivers Capital is a private equity firm focused on recapitalizations and buyouts of smaller companies located in the Eastern to Mountain West regions of the US. The Firm generally targets businesses with revenues up to $50 million and EBITDA up to $10 million. Target sectors include niche manufacturing, business services, healthcare, and energy. 3 Rivers prefers businesses with high barriers to entry, strong management, and operating in defensible markets. 3 Rivers was formed in 2005 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 15 of 15
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Kansas) 1 of 1
Country (United States) 15 of 15
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-03 Amazing Care

Aurora, Colorado, United States

Amazing Care is a home healthcare agency providing skilled nursing, private duty nursing, and other services to both adult and pediatric patients. Amazing Care was founded in 2004 and is based in Aurora, Colorado.

Sell -
Buyer

Patriot Capital

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $5 to $25 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.


DEAL STATS #
Overall 102 of 108
Sector (Packaging) 3 of 3
Type (Secondary Buyout) 14 of 14
State (Kansas) 1 of 1
Country (United States) 102 of 108
Year (2023) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 FreshEdge

Indianapolis, Indiana, United States

FreshEdge is a produce distributor in the Midwest. FreshEdge provides fresh and packaged produce varieties, as well as partially prepared meal components, to a variety of customer types including grocery stores, restaurants, schools, and food management companies. FreshEdge is based in Indianapolis, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-02 Turnwell Mental Health Network

Dallas, Texas, United States

Turnwell Mental Health Network is a clinician-led, integrated mental health group with a mission to expand access to high quality care in underserved markets. Turnwell Mental Health Network was founded in 2022 and is based in Dallas, Texas.

Buy -
DESCRIPTION

SharpVue Capital is a private investment firm focused on investing in real estate as well as providing equity/debt solutions. The Firm's private equity group looks to invest in lower-middle market companies throughout North America. The Firm provides both equity and/or debt and typically commits $3 to $25 million per transaction. Funds are generally used to support leveraged buyouts, debt and equity recapitalizations, and acquisitions. SharpVue is industry agnostic but prefers businesses with strong management teams and sustainable business models. SharpVue Capital was founded in 2016 and is headquartered in Raleigh, North Carolina.


DEAL STATS #
Overall 1 of 1
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Kansas) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Blue Sage Capital

Austin, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Blue Sage Capital is a private investment firm that invests in lower middle-market companies that have the potential to become market leaders. Target businesses typically generate sales of $20 to $125 million and are valued up to $125 million. Blue Sage is a generalist firm with broad industry interest. Target sectors include industrial, distribution, service, healthcare, manufacturing, energy and media. Blue Sage geographically prefers companies located in Texas and the Southwest US. Blue Sage will not invest in banks, life insurance companies, oil and gas exploration and development projects, real estate development or companies located outside of the United States. Blue Sage was formed in 2003 and is based in Austin, Texas.


DEAL STATS #
Overall 22 of 22
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 6 of 6
State (Kansas) 1 of 1
Country (United States) 21 of 21
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-29 Frontier Waste Solutions

Dallas, Texas, United States

Frontier Waste Solutions is a provider of municipal solid waste services to the municipal, residential, commercial, and industrial markets. Frontier Waste Solutions was founded in 2017 and is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-07 Clearly Clean

Orwigsburg, Pennsylvania, United States

Clearly Clean offers fresh food producers, distributors, and retailers an eco-friendly PET packaging solution with a focus on poultry, produce, seafood, and other food products. Clearly Clean was founded in 2007 and is based in Orwigsburg, Pennsylvania.

Buy -