M&A Deal Summary

Akoya Capital Partners and Landon Capital Partners Acquire Trinity Technology Group

On April 3, 2019, private equity firm Akoya Capital Partners and family office Landon Capital Partners acquired chemicals company Trinity Technology Group

Acquisition Highlights
  • This is Akoya Capital Partners’ 4th and Landon Capital Partners’ 1st transaction in the Chemicals sector.
  • This is Akoya Capital Partners’ 18th and Landon Capital Partners’ 4th transaction in the United States.
  • This is Akoya Capital Partners’ 2nd and Landon Capital Partners’ 1st transaction in Missouri.

M&A Deal Summary

Date 2019-04-03
Target Trinity Technology Group
Sector Chemicals
Buyer(s) Akoya Capital Partners
Landon Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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Buyer(S) 2

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 18 of 25
Sector (Chemicals) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 9 of 14
State (Missouri) 2 of 2
Country (United States) 18 of 25
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Eddy Packing Company

Yoakum, Texas, United States

Eddy Packing Company is a broadly diversified, premier processor of beef, pork, and poultry products. The Company offers a complete line of fully cooked, marinated, cured, fresh, and frozen meat products, such as smoked sausage, fajita meat, pulled beef/pork/chicken, ribs, pork chops/loins, chicken breast, brisket, and other meat products. Eddy Packing was founded in 1953 and is based in Yoakum, Texas.

Sell -
FOLLOWING 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 -
DESCRIPTION

Landon Capital Partners is a family office focused on acquiring healthcare services, niche manufacturing, business services, and food/beverage companies. Landon Capital seeks control situations and prefers US-based opportunities, although the Firm will opportunistically consider acquisitions in Europe. Target companies generally exhibit opportunities to create value, strong management, and predictable earnings. Landon Capital Partners was formed in 2015 and is based in Boston, Massachusetts, and has offices in New York and London.


DEAL STATS #
Overall 4 of 13
Sector (Chemicals) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 4
State (Missouri) 1 of 1
Country (United States) 4 of 12
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-12 Blue Bell Mattress

East Windsor, Connecticut, United States

Blue Bell Mattress manufactures private label and license-branded mattresses for customers in the retail mattress and furniture industry. Blue Bell Mattress was founded in 1928 and is based in East Windsor, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-08 ebbo

Rocky Hill, Connecticut, United States

ebbo is a developer and operator of cloud based comprehensive platform for membership and loyalty programs through an owned and operated channel and white label channel. ebbo was founded in 2001 and is based in Rocky Hill, Connecticut.

Sell -