M&A Deal Summary

Akoya Capital Partners, Marquette Capital Partners and Merion Investment Partners Acquire Indigo Signs

On September 19, 2016, private equity firm Akoya Capital Partners, mezzanine finance firm Marquette Capital Partners and mezzanine finance firm Merion Investment Partners acquired manufacturer Indigo Signs

Acquisition Highlights
  • This is Akoya Capital Partners’ 3rd, Marquette Capital Partners’ 4th and Merion Investment Partners’ 4th transaction in the Manufacturing sector.
  • This is Akoya Capital Partners’ 13th, Marquette Capital Partners’ 22nd and Merion Investment Partners’ 21st transaction in the United States.
  • This is Akoya Capital Partners’ 1st, Marquette Capital Partners’ 1st and Merion Investment Partners’ 1st transaction in North Dakota.

M&A Deal Summary

Date 2016-09-19
Target Indigo Signs
Sector Manufacturing
Buyer(s) Akoya Capital Partners
Marquette Capital Partners
Merion Investment Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Bayview Capital Group (Financial)

Target

Indigo Signs

Fargo, North Dakota, United States
Indigo Signs is a provider of custom-made exterior and interior signage, offering a wide suite of services, including design, manufacturing, installation, and maintenance to a diverse customer base. Indigo Signs was founded in 1996 and is based in Fargo, North Dakota.

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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 13 of 25
Sector (Manufacturing) 3 of 6
Type (Buyout (LBO, MBO, MBI)) 7 of 14
State (North Dakota) 1 of 1
Country (United States) 13 of 25
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-13 LawLogix

Phoenix, Arizona, United States

LawLogix is a provider of software as a service (“SaaS”) solutions and data migration services to law firms, employers, and non-profit organizations. The Company provides immigration case management, electronic I-9 compliance, and E-Verify solutions with a focus on engineering excellence, stellar customer service and support, and thorough legal analysis. LawLogix is based in 2000 and is based in Phoenix, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-31 DiSTI

Orlando, Florida, United States

DiSTI is a provider of graphical user interface software and customized 3-D virtual maintenance training solutions. DiSTI was founded in 1994 and is based in Orlando, Florida.

Buy -
Buyer

Marquette Capital Partners

St. Louis Park, Minnesota, United States

Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 258M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Marquette Capital Partners (MCP) is a private investment focused on junior capital investments in mature lower-middle market companies. MCP looks to invest $2 to $10 million per transaction to support growth, recapitalization, or change of control transactions. Prospective companies are typically manufacturers of consumer or industrial products, value-added distributors, business to business service companies, and retail businesses. MCP will not invest in start-ups, early stage venture capital, or real estate businesses. The firm is an affiliate of Marquette Financial Companies, a multibillion dollar financial services firm. Marquette Capital Partners was formed in 1997 and is based in Minneapolis, Minnesota, with an additional office in Chicago, Illinois.


DEAL STATS #
Overall 22 of 23
Sector (Manufacturing) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 16 of 16
State (North Dakota) 1 of 1
Country (United States) 22 of 23
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-18 Consolidated Distribution

Lemont, Illinois, United States

Consolidated Distribution Corporation LLC is a foodservice supply chain logistics company serving the quick-serve, fast-casual and casual-dining restaurant, manufacturing and retail industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 Market Fresh Produce

Springfield, Missouri, United States

Market Fresh Produce is a value-added supply chain manager of branded fresh vegetables and fruit to grocery retailers, grocery wholesalers, and foodservice providers nationwide. Market Fresh maintain close relationships with their growers and shippers along with priding themselves on quality and best in class service. Market Fresh Produce was founded in 1998 and is based in Springfield, Missouri.

Buy -
DESCRIPTION

Merion Investment Partners is a mezzanine finance firm that provides subordinated debt to middle-market growth Companies generating at least $10 million in sales and at least $2 million in EBITDA. Merion focuses on opportunities in business services, specialty manufacturing, and healthcare services and products. Merion's invests in the range of $4 and $20 million per transaction. Merion Investment Partners was formed in 2003 and is based in King of Prussia, Pennsylvania.


DEAL STATS #
Overall 21 of 40
Sector (Manufacturing) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 10 of 19
State (North Dakota) 1 of 1
Country (United States) 21 of 40
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-06 TransForce

Alexandria, Virginia, United States

TransForce is a provider of full-service outsourcing and staffing solutions to the trucking and third-party logistics industries. The company is experiencing rapid internal growth through multiple branch openings and aims to become a leading consolidator in a fragmented industry. TransForce was founded in 1991 and is based in Alexandria, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-16 Radius

Ambler, Pennsylvania, United States

Radius is a provider of end-to-end accounts receivable and customer relationship management solutions. Radius was founded in 2013 and is based in Ambler, Pennsylvania.

Buy -