M&A Deal Summary

A111 Capital and Gemini Investors Acquire Satellite Phone Store

On March 8, 2022, private equity firms A111 Capital and Gemini Investors acquired retailer Satellite Phone Store

Acquisition Highlights
  • This is A111 Capital’s 1st and Gemini Investors’ 5th transaction in the Retail sector.
  • This is A111 Capital’s 1st and Gemini Investors’ 111th transaction in the United States.
  • This is A111 Capital’s 1st and Gemini Investors’ 9th transaction in Florida.

M&A Deal Summary

Date 2022-03-08
Target Satellite Phone Store
Sector Retail
Buyer(s) A111 Capital
Gemini Investors
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Skyway Capital Partners (Financial)

Target

Satellite Phone Store

Bradenton, Florida, United States
Satellite Phone Store is a satellite phone, internet, equipment, and Mobile Satellite Services (MSS) retailer. Satellite Phone Store was formed in 2006 and is based in Bradenton, Florida.

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Buyer(S) 2

DESCRIPTION

A111 is a private investment firm that looks to partner with Founders seeking to partially or fully exit their businesses. The Firm targets lower middle-market opportunities and doesn't have any stated sector preferences. A111 was established in 2019 and is headquartered in Tampa, Florida.


DEAL STATS #
Overall 1 of 3
Sector: Retail M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 3
State: Florida M&A 1 of 3
Country: United States M&A 1 of 3
Year: 2022 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-27 MacroCap Labs

Longwood, Florida, United States

MacroCap Labs is a value-added contract manufacturer of both nutraceutical products (e.g., protein powders, pre-workout powders and other dietary supplements) and sports nutrition-themed beverage products. The Company offers a full suite of services, including R&D services (e.g., product flavoring and formulation), packaging, graphic design/artwork, product manufacturing and warehousing/logistics services. MacroCap Labs is based in Longwood, Florida.

Buy -
Buyer

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 111 of 129
Sector: Retail M&A 5 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 46 of 54
State: Florida M&A 9 of 11
Country: United States M&A 111 of 129
Year: 2022 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-07 Catalina Finer Foods

Tampa, Florida, United States

Catalina Finer Foods is a manufacturer of authentic Cuban and Caribbean cuisine including varieties of croquettes, stuffed potato balls, tamales, stuffed cassava, and other ancillary products. Catalina Finer Foods was founded in 1974 and is based in Tampa, Florida.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-01 Sinclair Well Products & Services

Cerritos, California, United States

Sinclair Well Products & Services is a supplier of water well products and equipment, providing solutions such as pumps, tanks, pipes, and related accessories. The company serves drilling contractors, municipalities, and industrial clients with reliable products and technical support for water well construction and maintenance. Sinclair Well Products & Services was founded in 1987 and is based in Cerritos, California.

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