M&A Deal Summary

Advantage Capital Partners Acquires MPI Group

On March 16, 2020, growth capital firm Advantage Capital Partners acquired furniture company MPI Group from Main Street Capital

Acquisition Highlights
  • This is Advantage Capital Partners’ 3rd transaction in the Furniture sector.
  • This is Advantage Capital Partners’ 234th transaction in the United States.
  • This is Advantage Capital Partners’ 7th transaction in Kentucky.

M&A Deal Summary

Date 2020-03-16
Target MPI Group
Sector Furniture
Buyer(s) Advantage Capital Partners
Sellers(s) Main Street Capital
Deal Type Secondary Buyout

Target

MPI Group

Corbin, Kentucky, United States
MPI Group is a manufacturer of custom hollow metal doors, frames, and accessories. MPI offers a wide range of doors and frames in various thicknesses. Products are manufactured from quality commercial grade steel for fire ratings up to three hours positive pressure including hard to find stainless steel doors and frames. MPI Group was founded in 1980 and is based 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 235 of 272
Sector (Furniture) 3 of 3
Type (Secondary Buyout) 8 of 9
State (Kentucky) 7 of 9
Country (United States) 234 of 270
Year (2020) 3 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-15 Carstin Kitchen & Bath Surfaces

Arthur, Illinois, United States

CarstinBrands.com is a provider of countertops and complementing products for kitchens and bathrooms. CarstinBrands.com was established in 1988 and is based in Arthur, Illinois.

Sell -
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 45
Sector (Furniture) 1 of 1
Type (Secondary Buyout) 10 of 11
State (Kentucky) 1 of 1
Country (United States) 39 of 45
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-11 Cody Pools

Round Rock, 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 Round Rock, 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