Investment Summary

Wind Point Partners, Alpha Capital Partners, Convergent Capital Partners and Aavin Equity Advisors Exits America s Powersports

On June 30, 2016, CMG Powersports invested in automotive company America s Powersports from Wind Point Partners, Alpha Capital Partners, Convergent Capital Partners and Aavin Equity Advisors

Investment Highlights
  • This is CMG Powersports’ 1st transaction in the Automotive sector.
  • This is CMG Powersports’ 1st transaction in the United States.
  • This is CMG Powersports’ 1st transaction in Texas.

Investment Summary

Date 2016-06-30
Target America s Powersports
Sector Automotive
Investor(s) CMG Powersports
Sellers(s) Wind Point Partners
Alpha Capital Partners
Convergent Capital Partners
Aavin Equity Advisors
Deal Type Add-on Acquisition
Advisor(s) City Capital Advisors (Financial)

Target

America s Powersports

Allen, Texas, United States
America's Powersports is an operator of an auto dealer network for the power sports equipment manufacturers (“OEMs”), including Harley-Davidson, Honda, Yamaha, Kawasaki, Suzuki, Polaris, and Bombardier. America's Powersports was founded in 1998 and is based in Allen, Texas.

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Investor(S) 1

Investor

CMG Powersports

Phoenix, Arizona, United States

Category Company
Sector Automotive
DESCRIPTION

CMG Powersports, Inc. is an operator of a retail dealer network. CMG Powersports is based in Phoenix, Arizona.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 4

SELLER

Wind Point Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wind Point Partners is a private equity firm focused on acquisitions of mid-sized companies operating in the business services, consumer products, healthcare services, and industrial products sectors. Wind Point looks to invest $60 to $130 million in companies valued up to $500 million. Prospective transaction types include leveraged buyouts, recapitalizations, industry consolidations, and growth capital financings. Wind Point Partners began investing in 1984 and is based in Chicago.


DEAL STATS #
Overall 33 of 56
Sector: Automotive M&A 2 of 2
Type: Add-on Acquisition M&A Deals 17 of 26
State: Texas M&A 2 of 5
Country: United States M&A 32 of 51
Year: 2016 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-11 Evans Food Group

Chicago, Illinois, United States

Evans Food Group is an international producer of branded, co-packed and private label pork rinds. Its diverse branded portfolio includes Mac’s, its largest branded offering and the #1 multi-outlet store brand for pork rinds in the US, alongside its other brands: Turkey Creek, Don Rudy, Cazo de Oro and Domingo’s. Pork rinds are one of the fastest-growing snack items, bolstered by the emerging interest of consumers to add these products to their diets as a nutritional option.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-02 Aurora Plastics

Streetsboro, Ohio, United States

Aurora Plastics produces customized rigid polyvinyl chloride (“RPVC”) compounds for extruding and injection molding customers throughout North America. Aurora provides quality and service through highly automated manufacturing facilities in Ohio and North Carolina. Aurora Plastics was founded in 1997 and is based in Streetsboro, Ohio.

Buy -
SELLER

Alpha Capital Partners

Chicago, Illinois, United States

Category Family Office
Founded 1984
PE ASSETS 135M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Alpha Capital Partners is a private equity firm focused on growth equity investments in younger companies and traditional private equity investments in established businesses. Established companies typically have revenues of $15 to $100 million and younger companies should have revenues of at least $5 million. Sectors of interest include manufacturing, distribution, medical/healthcare, communications, information technology, consumer, and financial services. Alpha generally invests $500k to $5 million per transaction. Alpha's investment horizon is two to seven years. Alpha Capital does not invest in start-ups or early stage enterprises. Alpha Capital Partners was formed in 1984 and is based in Chicago.


DEAL STATS #
Overall 2 of 2
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-16 Banner Industries

Carol Stream, Illinois, United States

Banner Industries is a processor and distributor of metal bar products for a diverse set of industrial and medical end markets. Banner provides supply chain solutions and a variety of value-added metal processing services, including centerless grinding, chamfering, turning, precision saw cutting, straightening, material ID and full traceability, waterjet cutting, ultrasonic testing, and CNC machining to its OEM, contract manufacturer, and precision machining customers. Banner Industries was founded in 1961 and is based in Carol Stream, Illinois.

Sell -
SELLER
DESCRIPTION

Convergent Capital is a private investment firm that provides growth and debenture financing to late-stage growth companies. Convergent prefers to commit $3 to $12 million per transaction in businesses with at least $10 million in revenues. Convergent is a generalist investor and will consider businesses in a wide range of industries. Investment funds are typically used to assist growth, but the firm can also structure investments around buyouts, recapitalizations, consolidations, and add-on acquisitions. Convergent is licensed as a SBIC. Convergent Capital was formed in 1999 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 31 of 44
Sector: Automotive M&A 2 of 2
Type: Add-on Acquisition M&A Deals 8 of 14
State: Texas M&A 4 of 5
Country: United States M&A 31 of 44
Year: 2016 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 ERP Power

Westlake Village, California, United States

ERP Power is a designer and manufacturer of energy-efficient LED driver power electronics for commercial and industrial applications. ERP Power was founded in 2004 and is based in Westlake Village, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-14 Midwest Supplies

Minneapolis, Minnesota, United States

Midwest Supplies, Inc. is a retailer of home brewing and wine equipment. Midwest Supplies was founded in 1995 and is based in Minneapolis, Minnesota.

Sell -
SELLER

Aavin Equity Advisors

Cedar Rapids, Iowa, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 275M USD
Size Small
Type Sector Agnostic
DESCRIPTION

AAVIN Private Equity is a private investment firm that targets investments in smaller companies at all stages of development from early stage to later stage/buyouts. AAVIN typically looks for opportunities located in the Midwest and typically commits $1 to $5 million of capital per transaction. Sectors of interest include medical services & devices, telecommunications, manufacturing & distribution, industrial products & services and computer & software. AAVIN was formed in 1999 and is based in Cedar Rapids, Iowa.


DEAL STATS #
Overall 8 of 15
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 10
State: Texas M&A 1 of 4
Country: United States M&A 8 of 15
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-26 B12 Transportation Group

Kansas, Missouri, United States

B12 Transportation Group is the parent company of two operating subsidiaries, Brown Industries and Diamond Coach. B12 Transportation Group was founded in 2015 and is based in Kansas, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-14 Coolibar

Minneapolis, Minnesota, United States

Coolibar, Inc. is a designer and manufacturer of premium sun-protective clothing and accessories. The Company offers apparel for the entire family, focused on fitness, leisure, swimwear and accessories, that provide UPF 50+ protection from ultraviolet rays and is the first clothing company to earn The Skin Cancer Foundation's Seal of Recommendation.

Sell -