M&A Deal Summary

Alston Capital Partners and Plexus Capital Acquire Compass Systems and Sales

On May 1, 2014, private equity firms Alston Capital Partners and Plexus Capital acquired machinery company Compass Systems and Sales

Acquisition Highlights
  • This is Alston Capital Partners’ 1st and Plexus Capital’s 2nd transaction in the Machinery sector.
  • This is Alston Capital Partners’ 5th and Plexus Capital’s 56th transaction in the United States.
  • This is Alston Capital Partners’ 2nd and Plexus Capital’s 1st transaction in Ohio.

M&A Deal Summary
Date 2014-05-01
Target Compass Systems and Sales
Sector Machinery
Buyer(s) Alston Capital Partners
Plexus Capital
Deal Type Recapitalization
Advisor(s) EdgePoint Capital Advisors (Financial)

Target

Compass Systems and Sales

Barberton, Ohio, United States
Compass Systems and Sales is a provider of highly engineered material handling solutions specializing in systems requiring dilute phase pneumatic capabilities. Compass Systems and Sales was founded in 1998 and is based in Barberton, Ohio.

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Buyer(S) 2

Buyer

Alston Capital Partners

New York, New York, United States

Investor Investor

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

Alston Capital Partners is a lower middle-market private equity firm focused on investing in specialty manufacturing, environmental, and technology companies. Within specialty manufacturing, Alston looks for market leading, low fixed asset companies that produce high value-added products. Within the environmental sector, Alston targets businesses that reduce waste and improve resource consumption. Alston will consider a variety of transaction situations including buyouts, recapitalizations, divestitures, growth equity, turnarounds and minority investments. The Firm seeks opportunities with $10 to $150 million headquartered throughout the US and Canada. Alston Capital Partners was formed in 2011 and is based in New York City.

DEAL STATS #
Overall 5 of 8
Sector (Machinery) 1 of 1
Type (Recapitalization) 2 of 2
State (Ohio) 2 of 2
Country (United States) 5 of 7
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-08 USA DeBusk

Deer Park, Texas, United States

USA DeBusk is a provider of highly specialized mechanical and industrial cleaning services including hydro blasting, transportation services, hydro cutting, vacuum services, chemical cleaning, hydro excavation, pigging and decoking services, hot and fixed bed inert catalyst handling and cleaning services, and specialty turnaround services. The company operates out of 22 field offices, providing services for customers in a wide variety of end-markets such as the downstream refining, petrochemical, power generation, and manufacturing sectors. USA DeBusk was founded in 2012 and is based in Deer Park, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-24 Cascade Drilling

Bothell, Washington, United States

Cascade Drilling is a provider of environmental and geotechnical services. Cascade’s services include track and truck-mounted sonic, air and mud rotary, auger, wire-line coring, and direct push drilling. Cascade Drilling was founded in 1991 and is based in Bothell, Washington.

Buy -
Buyer

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 56 of 97
Sector (Machinery) 2 of 4
Type (Recapitalization) 14 of 25
State (Ohio) 1 of 1
Country (United States) 56 of 97
Year (2014) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-01 Scivation

Burlington, North Carolina, United States

Scivation, Inc. is a nutrition and dietary supplement company that develops, markets, and distributes highly formulated, premium products primarily under the "Xtend" brand. Scivation was founded by Mike McCandless in 2004 in Burlington, North Carolina with a goal to redefine the nutritional industry by creating real breakthroughs in high-quality nutritional products that are within the reach of millions. Scivation formulates, sells and markets nutritional supplements built on the foundation of Science and Innovation. Often credited with inventing the intra-workout category with its flagship XTEND product line, Scivation offers consumers a great tasting BCAA product with a formulation rooted in two University-based research studies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-01 Inland Metal

Hayward, California, United States

Inland Metal is a provider of precision sheet metal fabrication, contract manufacturing, and engineering resources. Inland Metal was founded in 1964 and is based in Hayward, California.

Buy -
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