M&A Deal Summary

Angeles Equity Partners Acquires Custom Goods

On August 1, 2023, private equity firm Angeles Equity Partners acquired transportation company Custom Goods from Soundcore Capital Partners

Acquisition Highlights
  • This is Angeles Equity Partners’ 2nd transaction in the Transportation sector.
  • This is Angeles Equity Partners’ 13th transaction in the United States.
  • This is Angeles Equity Partners’ 5th transaction in California.

M&A Deal Summary
Date 2023-08-01
Target Custom Goods
Sector Transportation
Buyer(s) Angeles Equity Partners
Sellers(s) Soundcore Capital Partners
Deal Type Secondary Buyout
Advisor(s) Lincoln International (Financial)
K&L Gates (Legal)

Target

Custom Goods

Carson, California, United States
Custom Goods is a 4PL provider of customized logistics solutions, including warehousing, transloading, drayage, value-added packaging & fulfillment services, and freight consolidation, to blue-chip commercial customers throughout the United States. Custom Goods was founded in 1962 and is based in Carson, California.

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Buyer(S) 1

Buyer

Angeles Equity Partners

Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 360M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Angeles Equity Partners LLC is a private equity firm focused on acquiring North American headquartered companies valued up to $350 million. Angeles is a hands-on investor and prefers underperforming companies in need of restructuring, non-core assets of larger businesses, or family/founder owned businesses that could benefit from operational assistance. Target sectors include automotive, building materials, machinery, chemicals, electronics, manufacturing, metals, transportation/logistics, packaging, and distribution. Angeles Capital Partners was formed in 2014 and is based in Los Angeles, California.

DEAL STATS #
Overall 14 of 16
Sector (Transportation) 2 of 2
Type (Secondary Buyout) 4 of 4
State (California) 5 of 5
Country (United States) 13 of 15
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-08 Data Clean

Des Plaines, Illinois, United States

Data Clean provides mission-critical contamination control and removal services for data centers and other telecommunications facilities (through its “Data Clean” branded division) and biopharmaceutical and life sciences cleanrooms (through its “Sterile Science” branded division). Its services play an integral role in ensuring efficient performance, preventing costly downtime, and maintaining regulatory compliance in these highly sensitive environments. Supported by its technically skilled workforce, the company provides recurring maintenance and pre-and post-construction decontamination services for a nationwide, blue-chip customer base. Data Clean is based in Des Plaines, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-23 Acieta

Council Bluffs, Iowa, United States

Acieta is a full-service automation solutions provider with significant systems, controls, and software engineering capabilities. Acieta was formed in 1983 and is based in Council Bluffs, Iowa.

Buy -

Seller(S) 1

SELLER

Soundcore Capital Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2015
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Soundcore Capital Partners is a private investment firm focused on making control investments in lower middle-market companies headquartered in the US or Canada. The Firm looks to be an active investor/partner and seeks platform opportunities with up to $15 million of EBITDA. Target transaction situations include ownership transitions, corporate carve-outs, and leveraged buyouts. Soundcore Capital Partners was formed in 2015 and is based in New York City.

DEAL STATS #
Overall 3 of 5
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 2 of 3
State (California) 1 of 1
Country (United States) 3 of 5
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-10 ACS Asphalt Concrete Solutions

Blaine, Minnesota, United States

ACS Asphalt Concrete Solutions is a premier commercial paving contractor in the upper Midwest, providing expert quality asphalt and concrete installations in Minnesota, Wisconsin, Iowa, Illinois, Nebraska and the Dakotas. ACS Asphalt Concrete Solutions is based in Blaine, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-18 Roofing Corp of America

Atlanta, Georgia, United States

Roofing Corp of America is a commercial roofing enterprise serving customers throughout North America. Roofing Corp delivers a wide range of end-to-end roofing services, including re-roofing, repair and maintenance, and new roof installations, to building owners, property and facility managers, homeowners’ associations, and general contractors. Roofing Corp of America is based in Atlanta, Georgia.

Sell $413M
Mergr

Product

Company

Legal