M&A Deal Summary

Accelevation Acquires Workplace Modular Systems

On April 18, 2023, Accelevation acquired manufacturer Workplace Modular Systems from Gemini Investors

Acquisition Highlights
  • This is Accelevation’s 1st transaction in the Manufacturing sector.
  • This is Accelevation’s 1st transaction in the United States.
  • This is Accelevation’s 1st transaction in New Hampshire.

M&A Deal Summary
Date 2023-04-18
Target Workplace Modular Systems
Sector Manufacturing
Buyer(s) Accelevation
Sellers(s) Gemini Investors
Deal Type Add-on Acquisition

Target

Workplace Modular Systems

Londonderry, New Hampshire, United States
Workplace Modular Systems is a designer, manufacturer and distributor of premium modular workbench stations and accessories for commercial application in manufacturing, distribution, medical, research, educational, and government facilities. Workplace Modular Systems is based in Londonderry, New Hampshire.

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Buyer(S) 1

Buyer

Accelevation

Springboro, Ohio, United States
Category Company
Founded 2018
Sector Manufacturing
DESCRIPTION

Accelevation is a vertically integrated group of manufacturing companies serving the data center, electric vehicle, and robotic markets. Accelevation LLC's primary product line includes hot-aisle and cold-aisle containment solutions for leading data center builders and operators. Accelevation was founded in 2018 and is based in Springboro, Ohio.

DEAL STATS #
Overall 1 of 2
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (New Hampshire) 1 of 1
Country (United States) 1 of 2
Year (2023) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-06 Instor

Fremont, California, United States

Instor is specialized in providing data center infrastructure solutions. Partnering with manufacturers who produce some of the most innovative products for the data center, including: intelligent power distribution and monitoring, environmental monitoring, asset management, KVM, and custom server enclosures, Instor provides a wide variety of products and services used to support IT in both large and small enterprises. Instor is based in Fremont, California.

Buy -

Seller(S) 1

SELLER

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 46 of 48
Sector (Manufacturing) 3 of 3
Type (Add-on Acquisition) 23 of 23
State (New Hampshire) 2 of 2
Country (United States) 46 of 48
Year (2023) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-30 Dorsey School of Business

Madison Heights, Michigan, United States

Dorsey School of Business operates nine career schools in suburban Detroit. Dorsey offers career training school that prepares individuals for promising career opportunities, technology training, and certifications for the medical, culinary arts, skilled trades, and cosmetology fields. Dorsey School of Business was founded in 1934 and is based in Madison Heights, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-09 Center Rock

Berlin, Pennsylvania, United States

Center Rock is an integrated drilling solutions company that manufactures a complete line of pneumatically-driven downhole drilling products (bits & hammers), distributes capital equipment in the form of high-pressure air and booster compressors that power its manufactured drilling components, and offers 24/7 support services. Center Rock was founded in 1998 and is based in Berlin, Pennsylvania.

Sell -
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