Buyout (LBO, MBO, MBI) • Machinery

Altus Capital Partners and Centerfield Capital Partners Acquire Pinnacle X-Ray Solutions

On November 2, 2022, private equity firm Altus Capital Partners and mezzanine finance firm Centerfield Capital Partners acquired machinery company Pinnacle X-Ray Solutions

Acquisition Context
  • This is Altus Capital Partners’ 3rd and Centerfield Capital Partners’ 3rd transaction in the Machinery sector.
  • This is Altus Capital Partners’ 21st and Centerfield Capital Partners’ 81st transaction in the United States.
  • This is Altus Capital Partners’ 2nd and Centerfield Capital Partners’ 3rd transaction in Georgia.

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M&A Deal Summary

Date November 2, 2022
Target Pinnacle X-Ray Solutions
Sector Machinery
Buyer(s) Altus Capital Partners
Centerfield Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Pinnacle X-Ray Solutions

Duluth, Georgia, United States
Pinnacle X-Ray Solutions is a manufacturer of non-destructive testing and inspection (“NDT”) systems for manufacturers and service providers in the aerospace and defense, industrial, electronics, education/research, automotive, and medical markets. Pinnacle X-Ray Solutions is based in Duluth, Georgia.
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Buyers Overview 2

Buyer

Altus Capital Partners

Wilton, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 280M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Altus Capital Partners is a private equity firm focused on acquiring and investing in medium sized North American-based manufacturing companies. Altus looks for businesses with EBITDA of at least $4 million and valued between $25 and $100 million. Typical transaction types include buyouts, recapitalizations, and divestitures. Alta Capital Partners was formed in 2003 and is based in Wilton, Connecticut.


Deal Context for Buyer #
Overall 21 of 23
Sector: Machinery 3 of 4
Type: Buyout (LBO, MBO, MBI) 10 of 12
State: Georgia 2 of 2
Country: United States 21 of 23
Year: 2022 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 Winsert

Marinette, Wisconsin, United States

Winsert is a manufacturer and provider of innovative alloy solutions. The Company provides corrosion-resistant, wear-resistant, and high-temperature alloys for various applications within internal combustion engines, aerospace, emission controls, industrial valves, and food processing. Winsert was founded in 1977 and is based in Marinette, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-29 MGC Diagnostics

Saint Paul, Minnesota, United States

MGC Diagnostics designs, develops, manufactures, and markets non-invasive cardiorespiratory diagnostic systems, accessories, and consumables for the detection, classification, and management of cardiorespiratory disease. MGC Diagnostics was founded in 1977 and is based in Saint Paul, Minnesota.

Sell -
Buyer

Centerfield Capital Partners

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.


Deal Context for Buyer #
Overall 81 of 100
Sector: Machinery 3 of 4
Type: Buyout (LBO, MBO, MBI) 35 of 42
State: Georgia 3 of 4
Country: United States 81 of 100
Year: 2022 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 A.S.A.P. Garage Door Repair

Huntley, Illinois, United States

A.S.A.P. Garage Door Repair is a regional provider of garage doors and repair services. A.S.A.P. Garage Door Repair was founded in 1993 and is based in Huntley, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-08 Clarion Healthcare

Boston, Massachusetts, United States

Clarion is a life sciences strategy and organizational consultancy that works together with its clients to envision, craft, and enable growth through scientific and commercial innovation and leadership. Across therapeutic categories, the company collaborates deeply with its clients to tackle their most complex cross-functional business challenges and decisions throughout the product and company lifecycle. From start-ups to global multinational companies, Clarion helps assemble and deliver inspired strategies that require creativity, insight, and collaboration. Clarion was founded in 2003 and is based in Boston, Massachusetts.

Sell -