M&A Deal Summary

All States Ag Parts Acquires Arrow Material Handling Products

On October 12, 2022, All States Ag Parts acquired distribution company Arrow Material Handling Products from Diamond State Ventures, Capital For Business and B12 Capital Partners

Acquisition Highlights
  • This is All States Ag Parts’ 3rd transaction in the Distribution sector.
  • This is All States Ag Parts’ 9th transaction in the United States.
  • This is All States Ag Parts’ 1st transaction in Kansas.

M&A Deal Summary
Date 2022-10-12
Target Arrow Material Handling Products
Sector Distribution
Buyer(s) All States Ag Parts
Sellers(s) Diamond State Ventures
Capital For Business
B12 Capital Partners
Deal Type Add-on Acquisition

Target

Arrow Material Handling Products

Lenexa, Kansas, United States
Arrow Material Handling Products fabricates and distributes forks and attachments for all makes and models of forklift trucks, skid steers, and construction equipment. Arrow's products are sold to customers that include construction companies, rental companies, farmers and ranchers, original equipment manufacturers, and machinery distributors. Arrow Material Handling Products was founded in 1969 and is based in Lenexa, Kansas.

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Buyer(S) 1

Buyer

All States Ag Parts

De Soto, Iowa, United States
Category Company
Founded 1998
Sector Retail
DESCRIPTION

All States Ag Parts is a supplier of used, rebuilt and aftermarket parts (collectively, “Alternative Parts”) for all makes and models of tractors, combines, and other farm machinery. The Company is a buyer of salvage agriculture equipment in the U.S. and maintains an extensive inventory of parts to support all OEM brands. ASAP provides a compelling value proposition to its customers based upon the price, availability, and warranty on its parts.

DEAL STATS #
Overall 10 of 10
Sector (Distribution) 3 of 3
Type (Add-on Acquisition) 10 of 10
State (Kansas) 1 of 1
Country (United States) 9 of 9
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-11 Dominion Equipment

Ashland, Virginia, United States

Dominion Equipment is a distributor for yanmar construction equipment, Dominion Equipment Parts created a network of dealers throughout the country selling high-quality Yanmar mini-excavators. Dominion Equipment was founded in 1998 and is based in Ashland, Virginia.

Buy -

Seller(S) 3

SELLER

Diamond State Ventures

Little Rock, Arkansas, United States

Investor Investor

Category Growth Capital Firm
Founded 1999
PE ASSETS 125M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Diamond State Ventures (DSV) is a private equity and venture capital firm focused on small and lower middle-market company investments in Arkansas, as well as the Midwest and Southeast US. DSV looks to commit $1 to $5 million per investment, which can take the form of subordinated debt, preferred equity or a combination of the two. Prospective transaction situations include growth capital financings, management buyouts, family successions, recapitalizations, and early stage investments. Sectors of interest include niche manufacturing, business services, media, consumer products and services, education, healthcare, and technology. DSV will not invest in seed or startup companies. Diamond State Ventures is based in Little Rock.

DEAL STATS #
Overall 12 of 14
Sector (Distribution) 1 of 2
Type (Add-on Acquisition) 10 of 11
State (Kansas) 1 of 1
Country (United States) 12 of 14
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-09 Rio Ranch Markets

Fontana, California, United States

Rio Ranch Markets is an operator of a Hispanic supermarket chain. Rio primarily serves the Hispanic community by replicating the open-air atmosphere of a traditional Latin American marketplace, providing freshly prepared foods, bakery, tortilleria and basic everyday grocery, meat, produce, household needs. Rio Ranch Markets was founded in 1983 and is based in Fontana, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-21 Weeks Service

League City, Texas, United States

Weeks Service offers installation, service, and maintenance for heating and air conditioning systems in addition to electrical and generator service, replacement and maintenance. Weeks Service was founded in 1972 and is based in League City, Texas.

Sell -
SELLER

Capital For Business

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1959
PE ASSETS 150M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Capital for Business (CFB) is a private investment firm focused on providing junior capital to growing lower middle-market companies with at least $8 million in sales. CFB targets businesses serving niche consumer, commercial, distribution, manufacturing, and service markets throughout the United States. Funds are typically used to support management buyouts, leveraged buyouts, recapitalizations, corporate divestitures, growth financings, and going-private transactions. CFB will not invest in start-ups, turnarounds, unproven technologies, biotech, real estate, and financial institutions. Capital for Business was founded in 1959 and is headquartered in St. Louis, Missouri.

DEAL STATS #
Overall 16 of 19
Sector (Distribution) 2 of 3
Type (Add-on Acquisition) 7 of 8
State (Kansas) 2 of 2
Country (United States) 16 of 19
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-02 EirMed

Menomonie, Wisconsin, United States

EirMed is a plastic injection molding company that focuses on medical devices. EirMed provides a full range of services, including design, engineering, manufacturing, assembly, and packaging. EirMed was founded in 1998 and is based in Menomonie, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-08 Jor-Mac

Lomira, Wisconsin, United States

Jor-Mac is a manufacturer of metal fabrications and electromechanical-assemblies for OEMs in the HVAC, industrial automation, and back-up power / grid infrastructure space. Jor-Mac was founded in 1952 and is based in Lomira, Wisconsin.

Buy -
SELLER

B12 Capital Partners

Kansas, Missouri, United States

Investor Investor

Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

B12 Capital Partners is a private equity fund focused on partnering with managers to invest in manufacturing and distribution companies with revenues of $5 to $50 million. B12 provides capital for growth, ownership transitions, as well as outright acquisitions. The Firm prefers profitable businesses (up to $5 million of EBITDA) with sustainable competitive positions and identifiable growth prospects. B12 targets companies located in the Midwest, Southeast, and Intermountain West. B12 will not consider startups, early-stage transactions, turnarounds, or businesses in real estate, oil/gas, restaurants, and retail. B12 was established in 2006 and is based in Kansas City, Missouri.

DEAL STATS #
Overall 3 of 3
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Kansas) 1 of 1
Country (United States) 3 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Entegra

Saint Charles, Illinois, United States

Entegra is a holding company for manufacturers of highly unique static, hydraulic, and electric work tool attachments for light & heavy mobile equipment and stationary work platforms. Entegra is based in Saint Charles, Illinois.

Buy -
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