M&A Deal Summary

Aldine Capital Partners Acquires Design Tanks

On November 11, 2013, mezzanine finance firm Aldine Capital Partners acquired manufacturer Design Tanks

Acquisition Highlights
  • This is Aldine Capital Partners’ 5th transaction in the Manufacturing sector.
  • This is Aldine Capital Partners’ 21st transaction in the United States.
  • This is Aldine Capital Partners’ 1st transaction in South Dakota.
Investment Fate
  • Design Tanks was sold to a strategic buyer in 2019.

M&A Deal Summary

Date 2013-11-11
Target Design Tanks
Sector Manufacturing
Buyer(s) Aldine Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Design Tanks

Sioux Falls, South Dakota, United States
Design Tanks, Inc. designs, engineers, and manufactures fiberglass-reinforced plastic tanks. It offers tops/covers/bottoms, mixing tanks, solar tanks, sectionalized tanks, double wall tanks, and rectangular. Design Tanks was founded in 1956 and is based in Sioux Falls, South Dakota.

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Buyer(S) 1

Buyer

Aldine Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


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

Aldine Capital Partners is a mezzanine investment firm that provides mezzanine and junior capital financing to lower middle-market companies generating sales of at least $10 million and at least $2 million in EBITDA. Aldine invests in the range of $5 to $25 million per transaction. Types of transactions include management buyouts, acquisition financings, shareholder liquidity events, recapitalizations, and growth financings of smaller middle-market companies. Aldine will consider investments across the United States, but has a primary focus on opportunities in the Midwest. The Firm will not consider investments in start-ups, turnarounds, real estate, insurance, banking, and oil/gas. Aldine Capital was formed in 2005 and is based in Chicago, Illinois.


DEAL STATS #
Overall 21 of 74
Sector: Manufacturing M&A 5 of 14
Type: Buyout (LBO, MBO, MBI) M&A Deals 14 of 27
State: South Dakota M&A 1 of 1
Country: United States M&A 21 of 74
Year: 2013 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-07 Arens Control Co.

Arlington Heights, Illinois, United States

Arens Control Co is a designer and manufacturer of highly-engineered, precision operator interface controls and power management systems for commercial and off-road industrial vehicles.

Sell $98M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-18 Corporate Imaging Concepts

Northbrook, Illinois, United States

Corporate Imaging Concepts, Inc. provides branded promotional products and online company store portals for some of the country’s largest corporations. CIC’s game-changing LEIF technology solution leads the industry in customer satisfaction through supply chain efficiencies. The Company’s commitment to technology advancements, combined with a workforce dedicated to exceeding customer expectations, has resulted in steady double-digit growth along with industry recognition as a sales leader and one of the best places to work.

Buy -