M&A Deal Summary

ACON Investments and JZ Partners Acquire Suzo-Happ Group

On July 17, 2012, private equity firms ACON Investments and JZ Partners acquired technology hardware company Suzo-Happ Group from Pfingsten Partners

Acquisition Highlights
  • This is ACON Investments’ 1st and JZ Partners’ 1st transaction in the Technology Hardware sector.
  • This is ACON Investments’ 20th and JZ Partners’ 7th transaction in the United States.
  • This is ACON Investments’ 1st and JZ Partners’ 2nd transaction in Illinois.

M&A Deal Summary

Date 2012-07-17
Target Suzo-Happ Group
Sector Technology Hardware
Buyer(s) ACON Investments
JZ Partners
Sellers(s) Pfingsten Partners
Deal Type Secondary Buyout

Target

Suzo-Happ Group

Mount Prospect, Illinois, United States
Suzo-Happ Group is a developer, manufacturer, and distributor gaming, amusement, and industrial, vending, interactive/kiosk, and PC arcade parts and accessories. Suzo-Happ Group was founded in 1986 and is based in Mount Prospect, Illinois.

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Buyer(S) 2

Buyer

ACON Investments

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

ACON Investments is an international private equity firm that targets investments in the US, Europe, and Latin America. ACON's investment strategy covers 'opportunities at times of change - responding at points of inflection where value creation is possible'. Examples include businesses that serve the rapidly growing US Hispanic population, energy and energy service needs, businesses in need of operational help, and opportunities in Latin America resulting from economic deregulation and political liberalization. ACON's looks for companies where it can commit $20 to $150 million of equity capital. Target sectors include consumer products and services, distribution, business services and industrial manufacturing. ACON Investments was formed in 1996 and has offices in Washington DC; Houston, Texas; Los Angeles, California; and Madrid, Spain.


DEAL STATS #
Overall 31 of 72
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 4 of 13
State (Illinois) 1 of 3
Country (United States) 20 of 42
Year (2012) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-04 BSM Engenharia

Rio de Janeiro, Brazil

BSM Engenharia provides integrated logistics services to the oil and gas, infrastructure, mining and energy industries in South America. BSM Engenharia was founded in 1973 and is based in Rio de Janeiro, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-10 ProEnergy Services

Sedalia, Montana, United States

ProEnergy Services is an integrated service provider that delivers cost-effective, safe, and reliable services to the global energy industry. ProEnergy Services was founded in 2002 and is based in Sedalia, Missouri.

Buy -
Buyer

JZ Partners


Category Private Equity Firm
Founded 1986
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

JZ Partners is a private equity firm focused on acquiring middle-market companies valued up to $200 million. JZ seeks profitable companies with strong management, defensible market positions, and low capital expenditures. Sectors of interest include niche manufacturing, value-added distribution, industrial services, healthcare, education, transportation, and business services. JZ Partners was formed in 1986 and has offices in Chicago and New York City.


DEAL STATS #
Overall 8 of 18
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 3 of 5
State (Illinois) 2 of 5
Country (United States) 7 of 17
Year (2012) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-04 BSM Engenharia

Rio de Janeiro, Brazil

BSM Engenharia provides integrated logistics services to the oil and gas, infrastructure, mining and energy industries in South America. BSM Engenharia was founded in 1973 and is based in Rio de Janeiro, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-16 LMK Technologies

Ottawa, Illinois, United States

LMK Technologies LLC provides minimally invasive repair and maintenance solutions to the underground water infrastructure market. LMK Technologies was founded in 1993 and is based in Ottawa, Illinois.

Buy -

Seller(S) 1

SELLER

Pfingsten Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Pfingsten's office building at 300 North LaSalle in Chicago.
Pfingsten's office building at 300 North LaSalle in Chicago.

Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.


DEAL STATS #
Overall 12 of 40
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 4 of 17
State (Illinois) 5 of 8
Country (United States) 12 of 40
Year (2012) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-13 Bailey

Knoxville, Tennessee, United States

Bailey is a manufacturer and distributor of mobile fluid power components including hydraulic cylinders, power units, pumps, valves, motors, hoses and fittings, bearings, and bushings used primarily in mobile equipment applications. Since its founding, the company has evolved into a diversified, industry-leading manufacturer and distributor of highly engineered hydraulic cylinders and related products. Bailey was formed in 1976 and is headquartered in Knoxville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-20 Garretson Resolution Group

Cincinnati, Ohio, United States

Garretson Resolution Group is a neutral provider of services to parties who are settling personal injury claims. Company provides outsourced medical lien resolution and complex settlement administration services for law firms, corporations, insurance companies, plaintiffs and defendants in mass tort, class action and single event litigations.

Sell -