M&A Deal Summary

Akoya Capital Partners, Trinity Investors and NewSpring Capital Acquire Beacon Manufacturing Group

On September 16, 2020, private equity firms Akoya Capital Partners, Trinity Investors and NewSpring Capital acquired manufacturer Beacon Manufacturing Group

Acquisition Highlights
  • This is Akoya Capital Partners’ 5th, Trinity Investors’ 1st and NewSpring Capital’s 9th transaction in the Manufacturing sector.
  • This is Akoya Capital Partners’ 20th, Trinity Investors’ 12th and NewSpring Capital’s 143rd transaction in the United States.
  • This is Akoya Capital Partners’ 2nd, Trinity Investors’ 1st and NewSpring Capital’s 3rd transaction in Minnesota.

M&A Deal Summary

Date 2020-09-16
Target Beacon Manufacturing Group
Sector Manufacturing
Buyer(s) Akoya Capital Partners
Trinity Investors
NewSpring Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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Buyer(S) 3

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 20 of 25
Sector (Manufacturing) 5 of 6
Type (Buyout (LBO, MBO, MBI)) 11 of 14
State (Minnesota) 2 of 2
Country (United States) 20 of 25
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 NutriScience USA

Milford, Connecticut, United States

NutriScience USA develops and markets branded, highly differentiated nutritional ingredients that are sold to a variety of customers including blue-chip supplement and wellness brands. NutriScience USA was founded in 1993 and is based in Milford, Connecticut.

Sell -
DESCRIPTION

Trinity Investors is a private equity firm focused on direct investments in real estate and operating companies. Trinity Investors was formed in 2006 and is headquartered in Southlake, Texas.


DEAL STATS #
Overall 13 of 19
Sector (Manufacturing) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 9
State (Minnesota) 1 of 1
Country (United States) 12 of 18
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-19 Waterloo Sparkling Water

Austin, Texas, United States

Waterloo Sparkling Water is an independent sparkling water brand, focusing on fruit-inspired flavor and aroma and delivering a richer, more authentic taste. Waterloo is made with Non-GMO Project verified and Whole 30 Approved flavors, free of calories, sodium, sugar and artificial sweeteners. For the benefit of its fans and the environment, Waterloo has only ever been produced in aluminum cans made with BPA-free liners. Waterloo Sparkling Water was founded in 2017 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Nano Hearing Aids

Phoenix, Arizona, United States

Nano Hearing Aids is a direct-to-consumer ("DTC") designer and online retailer of its own affordable, branded hearing aids, on its website and over the phone. The Company's offers both completely-in-canal ("CIC") and behind-the-ear ("BTE") heairng aids. Nano Hearing Aids is based in Phoenix, Arizona.

Buy -
Buyer

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 145 of 200
Sector (Manufacturing) 9 of 13
Type (Buyout (LBO, MBO, MBI)) 30 of 44
State (Minnesota) 3 of 3
Country (United States) 143 of 196
Year (2020) 10 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 MicroAge

Phoenix, Arizona, United States

MicroAge is a technology services and solutions provider. MicroAge was founded in 1976 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-15 Veritas Medical Solutions

Harleysville, Pennsylvania, United States

Veritas Medical Solutions engages in designing, manufacturing, and installing pre-engineered radiation-shielded treatment facilities for radiotherapy oncology centers, medical imaging companies, industrial inspection firms, and other industries requiring radiation protection. Veritas specializes in creating modular, interlocking blocks, pre-engineered rooms, radiation-shielded doors, and therapy room interiors with the safety of equipment operators always top of mind. Veritas Medical Solutions was founded in 2008 and is based in Harleysville, Pennsylvania.

Buy -