M&A Deal Summary

AAA Sales & Engineering Acquires General Products

On September 8, 2016, AAA Sales & Engineering acquired automotive company General Products from MidMark Capital, Laud Collier Capital and NMP Capital

Acquisition Highlights
  • This is AAA Sales & Engineering’s 1st transaction in the Automotive sector.
  • This is AAA Sales & Engineering’s 1st transaction in the United States.
  • This is AAA Sales & Engineering’s 1st transaction in Michigan.

M&A Deal Summary

Date 2016-09-08
Target General Products
Sector Automotive
Buyer(s) AAA Sales & Engineering
Sellers(s) MidMark Capital
Laud Collier Capital
NMP Capital
Deal Type Add-on Acquisition

Target

General Products

Livona, Michigan, United States
General Products Corp. is a provider of full-service supplier of highly-engineered, complex and precision-machined components and assemblies to the North American automotive and heavy-duty truck markets.

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Buyer(S) 1

Buyer

AAA Sales & Engineering

Oak Creek, Wisconsin, United States

Category Company
Founded 1968
Sector Machinery
DESCRIPTION

AAA Sales & Engineering is a designer and manufacturer of railroad products, production machining, and short-run machining. AAA Sales & Engineering was founded in 1968 and is based in Oak Creek, Wisconsin.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 3

SELLER

MidMark Capital

Morristown, New Jersey, United States

Category Private Equity Firm
Founded 1989
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

MidMark Capital is a private equity investment firm focused on acquiring mid-sized manufacturing companies. The Firm generally looks to acquire controlling interests in standalone businesses from private and corporate owners, however the MidMark will also make significant equity investments in rapidly growing businesses. MidMark typically acts as the lead investor when pursuing transactions. MidMark Capital was formed in 1989 and is based in Morristown, New Jersey.


DEAL STATS #
Overall 11 of 12
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 6
State: Michigan M&A 1 of 1
Country: United States M&A 10 of 11
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-25 TCR Engineered Components

Minneapolis, Minnesota, United States

TCR Engineered Components LLC is a manufacturer of engineered metal components using cold forming and screw machining technologies. TCR Engineered Components was founded in 1953 and is based in Minneapolis, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-09 PromptCare

New Providence, New Jersey, United States

PromptCare is a regional provider of specialty respiratory and infusion services. The Company combines high-tech equipment and infusion drug therapies with a tailored, -high-touch service approach to deliver superior patient care, and is a preferred partner of hospitals, physicians, and payors in managing complex medical conditions such as ALS, chronic lung conditions, and a number of nutritional and autoimmune deficiencies. PromptCare was founded in 1985 and headquartered in New Providence, New Jersey.

Sell -
SELLER

Laud Collier Capital

Short Hills, New Jersey, United States

Investor Investor Investor


Category Merchant Bank
Founded 2002
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Laud Collier Capital LLC is a private equity firm focused on acquiring controlling interests in US based middle-market companies. Sectors of interest include basic materials, consumer products, business services, distribution, and transportation. Laud Collier looks to commit $5 to $25 million of equity capital per transaction in companies valued up to $150 million. Laud Collier will not invest in oil and gas exploration, real estate, technology development, or retailing. Laud Collier Capital LLC was formed in 2002 and is based in Chatham, New Jersey.


DEAL STATS #
Overall 11 of 12
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 7
State: Michigan M&A 1 of 1
Country: United States M&A 11 of 12
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-07 FlexSol Packaging

Pompano Beach, Florida, United States

Manufacturer of extruded plastic films and bags that serve the food and beverage, industrial, packaging and health care markets. Capital Investors invested subordinated debt and equity in the leveraged recapitalization of FlexSol to provide liquidity to founders and growth capital.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-20 BPX Logistics

Greenwood, Indiana, United States

BPX Logistics is a truckload carrier providing local and linehaul intermodal transportation services; management of container yards and handling both import and export traffic into and out of the major Southeastern seaports and rail ramps, ports. BPX Logistics was founded in 1995 and is based in Greenwood, Indiana.

Buy -
SELLER

NMP Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 37 of 56
Sector: Automotive M&A 4 of 5
Type: Add-on Acquisition M&A Deals 15 of 27
State: Michigan M&A 2 of 4
Country: United States M&A 35 of 54
Year: 2016 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-05 DBi Services

Hazleton, Pennsylvania, United States

DBi Services provides infrastructure maintenance, operations and management solutions in North America and Europe for government agencies, utilities, private industries, railways, retailers and other infrastructure owners. DBi Services was founded in 1978 and is based in Hazleton, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-13 Continental Structural Plastics

Auburn Hills, Michigan, United States

Continental Structural Plastics Inc. (CSP), is a manufacturer of compression-molded, reinforced plastics used in automotive and industrial end-products.

Sell $825M