M&A Deal Summary

Acuity Capital Partners and Salem Investment Partners Acquire Sterling Card Solutions

On June 1, 2019, private equity firm Acuity Capital Partners and mezzanine finance firm Salem Investment Partners acquired business services company Sterling Card Solutions

Acquisition Highlights
  • This is Acuity Capital Partners’ 2nd and Salem Investment Partners’ 7th transaction in the Business Services sector.
  • This is Acuity Capital Partners’ 5th and Salem Investment Partners’ 54th transaction in the United States.
  • This is Acuity Capital Partners’ 2nd and Salem Investment Partners’ 3rd transaction in Tennessee.

M&A Deal Summary

Date 2019-06-01
Target Sterling Card Solutions
Sector Business Services
Buyer(s) Acuity Capital Partners
Salem Investment Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Capstone Partners (Financial)

Target

Sterling Card Solutions

Nolensville, Tennessee, United States
Sterling Card Solutions is a provider in custom plastic card printing solutions for various industries, including gift cards, hotel key cards, ID cards, phone cards and more. Sterling Card Solutions is based in Nolensville, Tennessee.

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Buyer(S) 2

Buyer

Acuity Capital Partners

Chicago, Illinois, United States

Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Acuity Capital Partners is a private investment firm focused on acquiring lower middle-market Midwest US based companies with revenues of at least $5 million. The Firm targets low to mid-technology manufacturing, valued-added distribution, and select service companies. Acuity will only consider control situations and pursues transactions valued from $5 to $50 million. Acuity Capital Partners was formed in 2006 and is located in Chicago, Illinois.


DEAL STATS #
Overall 5 of 5
Sector (Business Services) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Tennessee) 2 of 2
Country (United States) 5 of 5
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-26 Acme Finishing

Elk Grove Village, Illinois, United States

Acme Finishing is a provider of powder coating, liquid coating, and decorative powder coating to customers competing in the lighting, automotive, fencing, and medical industries among others. Acme Finishing was founded in 1932 and is based in Elk Grove Village, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 Morey’s Seafood International

Plymouth, Minnesota, United States

Morey’s Seafood International LLC is a seafood manufacturer and distributor. Morey's manufactures hundreds of products under Morey's label including Morey's Marinated Salmon and Tilapia, Morey's Smoked Salmon Portions and Morey's Smoked Fish. Morey’s Seafood International was founded in 1937 and is based in Plymouth, Minnesota.

Sell -
DESCRIPTION

Salem Investment Partners specializes in debt and equity investments in privately-held, middle-market businesses across the Southeast and Mid-Atlantic regions of the US. Salem looks to invest $2 to $10 million per transaction to help support growth, acquisitions, recapitalizations, and buyouts. Sectors of interest include business services, light manufacturing, consumer products, and distribution. Salem Investment Partners was formed in 1999 and is based in Greensboro, North Carolina.


DEAL STATS #
Overall 54 of 58
Sector (Business Services) 7 of 8
Type (Buyout (LBO, MBO, MBI)) 39 of 40
State (Tennessee) 3 of 3
Country (United States) 54 of 58
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Generx Generators

Oldsmar, Florida, United States

Generx Generators provides residential homeowners and businesses with all their standby electric power solutions that sell, install, service, and maintain Generx generators. Generx Generators was established in 2005 and is based in Oldsmar, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 Insight 2 Design

Overland Park, Kansas, United States

Insight 2 Design provides outdoor products and portable lighting. Insight 2 Design develops outdoor products like – tents, sleeping bags, packs, camping furniture, lanterns, headlamps, flashlights, and more. Insight 2 Design was founded in 2012 and is based in Overland Park, Kansas.

Sell -