M&A Deal Summary

Altacrest Capital and Source Capital Acquire Big Blanket

On July 27, 2021, private equity firms Altacrest Capital and Source Capital acquired retailer Big Blanket

Acquisition Highlights
  • This is Altacrest Capital’s 1st and Source Capital’s 1st transaction in the Retail sector.
  • This is Altacrest Capital’s 4th and Source Capital’s 30th transaction in the United States.
  • This is Altacrest Capital’s 1st and Source Capital’s 1st transaction in Missouri.

M&A Deal Summary

Date 2021-07-27
Target Big Blanket
Sector Retail
Buyer(s) Altacrest Capital
Source Capital
Deal Type Recapitalization

Target

Big Blanket

Springfield, Missouri, United States
Big Blanket designs and sells oversized, luxurious 10’ x 10’ blankets in a variety of styles, colors, and textures, offering maximum comfort and coverage for families. Their products are crafted in-house and primarily sold through their website and select online retailers. Big Blanket was founded in 2018 and is based in Springfield, Missouri.

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Buyer(S) 2

DESCRIPTION

Altacrest Capital is a private investment firm that targets businesses in the consumer products and business services sector. The Firm seeks profitable companies (> $5 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 4 of 4
Sector: Retail M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 1
State: Missouri M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-30 Big Dot of Happiness

Menomonie, Wisconsin, United States

Big Dot of Happiness designs, manufactures, distributes and markets high-end party supplies that are sold directly to the consumer, primarily via eCommerce platforms. Big Dot of Happiness was founded in 1999 and is based in Menomonie, Wisconsin.

Buy -
Buyer

Source Capital

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Source Capital is a private equity firm that invests in mature, smaller companies in a variety of sectors. The Firm generally looks to support management-backed leveraged acquisitions, recapitalizations, growth financings, and various turnaround situations. Source Capital's broad industry focus includes business services, consumer, distribution/supply, healthcare, and light manufacturing. The Firm prefers control investments, but will selectively review minority situations. Target companies are typically profitable with at least $2 million in EBITDA. Source Capital will not invest in venture deals, high tech, or real estate. Source Capital was formed in 2002 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 30 of 42
Sector: Retail M&A 1 of 1
Type: Recapitalization M&A Deals 4 of 4
State: Missouri M&A 1 of 1
Country: United States M&A 30 of 42
Year: 2021 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-08 CTL Amedica

Addison, Texas, United States

CTL Amedica is a designer, manufacturer, and distributor of spinal fusion and fixation products and tooling. CTL’s in-house engineering and manufacturing capabilities allow the Company to rapidly bring new products to the market and support hundreds of surgeons across the U.S. CTL Amedica is based in Addison, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Sparus

Peachtree Corners, Georgia, United States

Sparus is a provider of outsourced utility field services and project management outsourcing services through its wholly-owned subsidiaries, Southern Cross Corporation and The Spear Group. Sparus was founded in 1946 and is based in Peachtree Corners, Georgia.

Sell -