M&A Deal Summary

Altacrest Capital and Route 2 Capital Partners Acquire Barton Watch Bands

On November 13, 2018, private equity firm Altacrest Capital and mezzanine finance firm Route 2 Capital Partners acquired consumer products company Barton Watch Bands

Acquisition Highlights
  • This is Altacrest Capital’s 1st and Route 2 Capital Partners’ 1st transaction in the Consumer Products sector.
  • This is Altacrest Capital’s 1st and Route 2 Capital Partners’ 1st transaction in the United States.
  • This is Altacrest Capital’s 1st and Route 2 Capital Partners’ 1st transaction in Texas.

M&A Deal Summary
Date 2018-11-13
Target Barton Watch Bands
Sector Consumer Products
Buyer(s) Altacrest Capital
Route 2 Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Barton Watch Bands

Dallas, Texas, United States
Barton Watch Bands is a designer, producer, and seller of watch bands in a variety of styles, sizes, colors, and materials including canvas, leather, nylon, and silicone. Barton Watch Bands sells products online via its own website and on Amazon’s seller central platform. Barton Watch Bands is based in Dallas, Texas.

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Buyer(S) 2

Buyer

Altacrest Capital

Investor Investor Investor

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Focused
DESCRIPTION

Altacrest Capital is a private investment firm that targets businesses in the consumer products and business services sector. The Firm seeks profitable companies (> $2 million of EBITDA) with strong cash flow and strong growth prospects where it can acquire a controlling position. Specific areas of interest include non-food and beverage branded products that have demonstrated the ability to be a leader in their niche category as well as outsourced services to consumer products businesses and outsourced HR services. Altacrest Capital was formed in 2017 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 1 of 4
Sector (Consumer Products) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 1 of 3
State (Texas) 1 of 2
Country (United States) 1 of 4
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 Corganics

Allen, Texas, United States

Corganics is a manufacturer of a natural topical pain analgesic cream, ReliefTM, used by oncologists, podiatrists, chiropractors, massage therapists, and athletes for a wide range of pain relief symptoms. Corganics was founded in 2003 and is based in Allen, Texas.

Buy -
Buyer

Route 2 Capital Partners

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2016
PE ASSETS 206M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Route 2 Capital Partners is a private investment firm that provides flexible financing solutions in the form of equity and mezzanine capital. The Firm looks to commit $3 to $20 million per transaction to support acquisitions, buyouts, growth capital, recapitalizations, and shareholder liquidity needs. Route 2 prefers investing in profitable companies (> $2 million of EBITDA) located in the Southern US. Sectors of interest include business services, healthcare services, niche manufacturing, and specialty distribution. Route 2 Capital Partners was formed in 2016 and is headquartered in Charleston, South Carolina.

DEAL STATS #
Overall 1 of 8
Sector (Consumer Products) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 1 of 4
State (Texas) 1 of 2
Country (United States) 1 of 8
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-05 Intrepid Solutions and Services

Herndon, Virginia, United States

Intrepid Solutions and Services is a provider of enterprise IT, data analysis, and operational training services exclusively to customers in the U.S. Intrepid Solutions and Services was founded in 2008 and is based in Herndon, Virginia.

Buy -
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