M&A Deal Summary

Ancor Capital Partners and Independent Bankers Capital Fund Acquire PMA Industries

On February 6, 2017, private equity firm Ancor Capital Partners and mezzanine finance firm Independent Bankers Capital Fund acquired metals/mining company PMA Industries

Acquisition Highlights
  • This is Ancor Capital Partners’ 1st and Independent Bankers Capital Fund’s 2nd transaction in the Metals/Mining sector.
  • This is Ancor Capital Partners’ 17th and Independent Bankers Capital Fund’s 22nd transaction in the United States.
  • This is Ancor Capital Partners’ 2nd and Independent Bankers Capital Fund’s 1st transaction in Arizona.

M&A Deal Summary

Date 2017-02-06
Target PMA Industries
Sector Metals/Mining
Buyer(s) Ancor Capital Partners
Independent Bankers Capital Fund
Deal Type Buyout (LBO, MBO, MBI)

Target

PMA Industries

Phoenix, Arizona, United States
PMA Industries is a designer and manufacturer of private-label and branded chemically-etched metal crafting dies for a spectrum of crafting suppliers and end consumers. PMA Industries was founded in 1982 and is based in Phoenix, Arizona.

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Buyer(S) 2

Buyer

Ancor Capital Partners

Southlake, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
Size Small
Type Sector Agnostic
DESCRIPTION

Ancor Capital Partners is a private equity firm focused on recapitalizations of lower middle-market companies operating in the manufacturing, distribution, and healthcare sectors. Prospective businesses are generally valued between $25 and $150 million and are profitable with EBITDA of $5 to $15 million. The Firm prefers businesses located in the US. Ancor will does not invest in start-ups, turnarounds, or businesses in real estate, or energy exploration. Ancor Capital Partners was formed in 1994 and is based in Southlake, Texas.


DEAL STATS #
Overall 17 of 26
Sector (Metals/Mining) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 9 of 14
State (Arizona) 2 of 2
Country (United States) 17 of 26
Year (2017) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-02 Fleuron Enterprises

Dallas, Texas, United States

Fleuron Enterprises, Inc. is a designer and manufacturer of high-end, premium decorative drapery hardware products for the interior design market. Fleuron offers a complete line of mid-to-high price point products in four established and successful brands: The Finial Company, Paris Texas Hardware, Gould New York, and Components. Fleuron Enterprises was founded in 2005 and is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-05 Stratus

Irving, Texas, United States

Stratus is a provider of in‐home neurodiagnostic, sleep diagnostic and cardiac testing services, currently operating throughout the United States. Stratus was founded in 2006 and is based in Irving, Texas.

Buy -
Buyer

Independent Bankers Capital Fund

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1998
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Independent Bankers Capital Fund LP (IBCF) is a private equity partnership that provides equity and junior capital to established lower-middle-market companies primarily in the Southwestern United States. IBC seeks to invest in companies with revenues of $10 to $50 million. Prospective companies are generally profitable with at least $2 million of EBITDA. IBCF targets investments in profitable manufacturing, distribution, or in some cases, service businesses. The Firm looks to invest in the range of $3 to $12 million per transaction. The Group prefers financing change of control, recapitalization and later-stage growth capital needs. IBCF was formed in 1998 and is based in Dallas, Texas.


DEAL STATS #
Overall 22 of 25
Sector (Metals/Mining) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 11 of 11
State (Arizona) 1 of 1
Country (United States) 22 of 25
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-26 Raisbeck Engineering

Seattle, Washington, United States

Raisbeck Engineering is a developer, marketer and manufacturer of performance improvement systems for some of the most prolific commercial and general aviation aircraft models in the market today. Raisbeck Engineering was founded in 1982 and is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-17 Dependable Auto Shippers

Mesquite, Texas, United States

Dependable Auto Shippers, Inc. is an automobile transport company in the United States, regularly transporting more than 100,000 personally owned vehicles per year. DAS uses it fleet of more than 150 trucks and 90 owned and leased terminals to service two principal types of customers: families who are relocating within the United States and individuals who either buy or sell automobiles using the internet.

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