M&A Deal Summary

Akoya Capital Partners and Tecum Capital Acquire Adherex Group

On July 30, 2019, private equity firms Akoya Capital Partners and Tecum Capital acquired distribution company Adherex Group

Acquisition Highlights
  • This is Akoya Capital Partners’ 1st and Tecum Capital’s 8th transaction in the Distribution sector.
  • This is Akoya Capital Partners’ 19th and Tecum Capital’s 58th transaction in the United States.
  • This is Akoya Capital Partners’ 1st and Tecum Capital’s 9th transaction in Ohio.

M&A Deal Summary
Date 2019-07-30
Target Adherex Group
Sector Distribution
Buyer(s) Akoya Capital Partners
Tecum Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Strategic Exit Advisors (Financial)

Target

Adherex Group

Cleveland, Ohio, United States
Adherex Group is a distributor of industrial packaging materials including acrylic tapes, hot melt adhesives, converted stretch films, strapping tapes, and other related products. Adherex Group was founded in 1992 and is based in Cleveland, Ohio.

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Buyer(S) 2

Buyer

Akoya Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Akoya Capital Partners is a private equity firm focused on acquiring profitable US-based middle-market companies with $25 to $200 million in revenue. The Firm generally pursues privately-owned companies, especially family-owned businesses. Sectors of interest include chemicals, food, information services, consumer products, industrial products, and industrial distribution. Akoya Capital Partners was formed in 2005 and is based in Chicago, Illinois.

DEAL STATS #
Overall 19 of 25
Sector (Distribution) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 10 of 14
State (Ohio) 1 of 1
Country (United States) 19 of 25
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-03 Trinity Technology Group

Higginsville, Missouri, United States

Trinity Technology Group is a specialty chemical company that specializes in manufacturing and marketing expanded polytetrafluoroethylene (ePTFE) membranes for apparel companies, filter companies, and specialty membrane producers. Trinity Technology Group is based in Higginsville, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-16 Beacon Manufacturing Group

Alexandria, Minnesota, United States

Beacon Manufacturing Group specializes in the manufacturing of highly engineered products and assembled components providing value-added services and solutions to customers. Beacon Manufacturing Group was founded in 2020 and is based in Alexandria, Minnesota.

Buy -
Buyer

Tecum Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tecum Capital is a private equity firm focused on lower middle-market companies across the Eastern-US. Tecum will consider a variety of investment situations including leveraged buyouts, management buyouts, successions, strategic acquisitions, growth capital financings, and recapitalizations. Investment sizes range from $5 - $20 million. Industries of interest include manufacturing, plastics, specialty distribution, technology, healthcare services, defense, food, and business/consumer services. Tecum will not consider investments in start-ups or real estate. Tecum Capital was formed in 2005 and is based in Wexford, Pennsylvania.

DEAL STATS #
Overall 58 of 83
Sector (Distribution) 8 of 9
Type (Buyout (LBO, MBO, MBI)) 23 of 29
State (Ohio) 9 of 11
Country (United States) 58 of 83
Year (2019) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-10 National Power

Raleigh, North Carolina, United States

National Power is a provider of highly engineered electrical applications and backup power for critical infrastructure within the telecom, wireless, and commercial infrastructure applications. National Power was founded in 1985 and is based in Raleigh, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-15 Hometown Hospice & Homecare

Brookfield, Wisconsin, United States

Hometown Hospice & Homecare, Inc. provides both hospice and homecare services in the greater Milwaukee, Wisconsin area. The Company is certified by both Medicare and Medicaid. Hometown provides routine hospice services in homes, assisted living facilities, and skilled nursing facilities. In addition to routine services, the Company offers a Life Enhancement Program that utilizes a holistic approach to patient care by incorporating lifelong interests into the hospice plan of care. From a home care perspective, Hometown provides skilled nursing, physical therapy, occupational therapy, speech therapy, and home health aides all tailored to meet the specifics of each patient’s plan of care as prescribed by their doctor. Hometown was formed in 2013 and is headquartered in Brookfield, Wisconsin.

Sell -
Mergr

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