M&A Deal Summary

ACT Entertainment Acquires RapcoHorizon

On November 17, 2017, ACT Entertainment acquired electrical equipment company RapcoHorizon from Midwest Mezzanine Funds and Bush O Donnell Capital Partners

Acquisition Highlights
  • This is ACT Entertainment’s 2nd transaction in the Electrical Equipment sector.
  • This is ACT Entertainment’s 2nd transaction in the United States.
  • This is ACT Entertainment’s 1st transaction in Missouri.

M&A Deal Summary
Date 2017-11-17
Target RapcoHorizon
Sector Electrical Equipment
Buyer(s) ACT Entertainment
Sellers(s) Midwest Mezzanine Funds
Bush O Donnell Capital Partners
Deal Type Add-on Acquisition

Target

RapcoHorizon

Jackson, Missouri, United States
RapcoHorizon is a vertically-integrated manufacturer of interconnect assemblies, audio, data and interface products, and specialty industrial wire. RapcoHorizon was founded in 1982 and is based in Jackson, Missouri.

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Buyer(S) 1

Buyer

ACT Entertainment

Jackson, Missouri, United States
Category Company
Founded 1993
Sector Electrical Equipment
DESCRIPTION

ACT Entertainment is a distributor and manufacturer of lighting control consoles, lighting fixtures, and ancillary products for the live entertainment market. As the exclusive U. S. distributor for two premiers European OEMs, Clay Paky and MA Lighting. ACT Entertainment was founded in 1993 and is based in Jackson, Missouri.

DEAL STATS #
Overall 2 of 3
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (Missouri) 1 of 1
Country (United States) 2 of 3
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-23 AC Power Distribution

Burbank, California, United States

AC Power Distribution, Inc. is a manufacturer of UL Listed portable power distribution for film/video, touring, and exterior event venues. AC Power Distribution, Inc. was founded in 1991 and is based in Burbank, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-19 TvOne

Cincinnati, Ohio, United States

TvOne is a video processing, signal distribution, and media playback solutions company designs, manufactures, and sells video, audio, and multimedia processing equipment based on CORIO video conversion technology. TvOne is based in Cincinnati, Ohio.

Buy -

Seller(S) 2

SELLER

Midwest Mezzanine Funds

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1992
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Midwest Mezzanine Funds (MMF) is a provider of junior capital to lower middle-market, US and Canadian companies. MMF looks to invest $4 to $15 million to support buyouts, acquisition financings, recapitalizations, and growth capital needs. Prospective companies generally have consistent profits ($3 million of EBITDA), low capital intensity, and sustainable competitive advantages. Broad areas of interest include manufacturing, value-added distribution, and services. MMF will not invest in high technology, energy, or real estate. Midwest Mezzanine was formed in 1992 and has offices in Chicago and Monroe, Michigan.

DEAL STATS #
Overall 39 of 56
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 15 of 24
State (Missouri) 1 of 2
Country (United States) 38 of 55
Year (2017) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-11 Capsa Healthcare

Canal Winchester, Ohio, United States

Capsa Healthcare engages in developing and delivering innovative healthcare solutions for hospitals, long-term care, and retail pharmacy providers. Capsa Healthcare was founded in 1958 and is headquartered in Canal Winchester, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-05 Randazzo Mechanical Heating & Cooling

Macomb, Michigan, United States

Randazzo Mechanical Heating & Cooling is a provider of non-discretionary, residential heating, ventilation, and air conditioning replacement and maintenance services. Randazzo Mechanical Heating & Cooling is based in Macomb, Michigan.

Buy -
SELLER

Bush O Donnell Capital Partners

St. Louis, Missouri, United States
Category Private Equity Firm
PE ASSETS 250M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Bush O'Donnell Capital Partners (BOCP) is the private equity investment arm of Bush O'Donnell & Co., a firm that also provides investment advisory services. BOCP makes equity and mezzanine investments of $2 to $10 million in lower middle-market businesses with $5 to $100 million in sales. Funds are generally used to support growth initiatives, management buyouts, leveraged buyouts, and recapitalizations. Prospective companies typically have experienced management, stable cash-flows, and operate in a defensible market niche. The Firm will not invest in start-ups or turnarounds. BOCP is based in St. Louis, Missouri.

DEAL STATS #
Overall 22 of 25
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 14 of 15
State (Missouri) 6 of 6
Country (United States) 22 of 25
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-03 Quadrant Software

Mansfield, Massachusetts, United States

Quadrant Software, Inc. is a provider of electronic document management software primarily for the IBM iSeries. Quadrant provides application modernization, mobile development, business intelligence and document distribution solutions and services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 Claris Vision

Warwick, Rhode Island, United States

Koch Eye Associates, Inc. is a provider of eye care and surgical practices, with twenty doctors treating patients at eight office locations, three laser vision centers, and a surgery center. Koch Eye Associates was founded in 1981 and is based in Warwick, Rhode Island.

Sell -
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