M&A Deal Summary

Advantage Capital Partners Acquires MPI Custom Steel Doors & Frames

On March 16, 2020, growth capital firm Advantage Capital Partners acquired building materials company MPI Custom Steel Doors & Frames from Main Street Capital

Acquisition Highlights
  • This is Advantage Capital Partners’ 5th transaction in the Building Materials sector.
  • This is Advantage Capital Partners’ 280th transaction in the United States.
  • This is Advantage Capital Partners’ 8th transaction in Kentucky.
Investment Fate
  • MPI Custom Steel Doors & Frames was sold to a publicly-traded strategic buyer in 2025.

M&A Deal Summary

Date 2020-03-16
Target MPI Custom Steel Doors & Frames
Sector Building Materials
Buyer(s) Advantage Capital Partners
Sellers(s) Main Street Capital
Deal Type Secondary Buyout

Target

MPI Custom Steel Doors & Frames

Corbin, Kentucky, United States
MPI Custom Steel Doors & Frames manufactures standard and custom steel doors and frames for commercial and institutional buildings, including specialized solutions such as windstorm, sound-rated (STC), thermal, lead-lined and bullet-resistant doors. The Company was founded in 1980 and is headquartered in Corbin, Kentucky.

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Buyer(S) 1

Buyer

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.


DEAL STATS #
Overall 282 of 329
Sector: Building Materials M&A 5 of 8
Type: Secondary Buyout M&A Deals 8 of 9
State: Kentucky M&A 8 of 9
Country: United States M&A 280 of 325
Year: 2020 M&A 6 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Amfuel

Magnolia, Arkansas, United States

Amfuel is a manufacturer and fabricator of self-sealing and crash-resistant aviation fuel cells for the aerospace industry. Amfuel was founded in 1983 and is based in Magnolia, Arkansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-18 Bypass Mobile

Austin, Texas, United States

Bypass Mobile is an independent software vendor (ISV) and an innovator in enterprise point-of-sale systems. The company develops mobile point-of-sale technology and provides a suite of vertically-focused software products to multi-site food and beverage. Bypass Mobile was formed in 2010 and is based in Austin, Texas.

Sell -

Seller(S) 1

SELLER

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $75 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital Corporation was formed in 1997 and is based in Houston, Texas.


DEAL STATS #
Overall 39 of 48
Sector: Building Materials M&A 2 of 3
Type: Secondary Buyout M&A Deals 10 of 12
State: Kentucky M&A 1 of 1
Country: United States M&A 39 of 48
Year: 2020 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-11 Cody Pools

Georgetown, Texas, United States

Cody Pools is a custom swimming pool builder, serving the residential markets throughout Texas and commercial pool markets in the U.S. Cody Pools was founded in 1994 and is based in Georgetown, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-19 CHG

Shelton, Connecticut, United States

CHG delivers packaging products through two distinct brands. Classic Home & Garden brand designs, engineers manufactures, and distributes decorative planters, fountains and home décor items through partnerships with growers, garden shops and traditional/online retailers, and Jade Road brand designs, engineers and manufactures turnkey fragrance products in addition to custom packaging solutions for the global fragrance and beauty categories. CHG was founded in 1975 and is based in Shelton, Connecticut.

Buy $32M