M&A Deal Summary

Anvil Capital and Pine Street Capital Partners Acquire Atlas Devices

On September 14, 2017, private equity firm Anvil Capital and mezzanine finance firm Pine Street Capital Partners acquired manufacturer Atlas Devices

Acquisition Highlights
  • This is Anvil Capital’s 4th and Pine Street Capital Partners’ 4th transaction in the Manufacturing sector.
  • This is Anvil Capital’s 7th and Pine Street Capital Partners’ 29th transaction in the United States.
  • This is Anvil Capital’s 1st and Pine Street Capital Partners’ 4th transaction in Massachusetts.

M&A Deal Summary

Date 2017-09-14
Target Atlas Devices
Sector Manufacturing
Buyer(s) Anvil Capital
Pine Street Capital Partners
Deal Type Recapitalization
Advisor(s) Philpott Ball & Werner LLC (Financial)

Target

Atlas Devices

Chelmsford, Massachusetts, United States
Atlas Devices is a developer, manufacturer, and supplier of rapid access solutions for security, defense and rescue applications. Atlas Devices was founded in 2005 and is based in Chelmsford, Massachusetts.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer

Anvil Capital

Boston, Massachusetts, United States

Investor Investor


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

Anvil Capital LLC is a private investment firm that seeks equity investments in established, privately held businesses. The Firm pursues companies with revenues of $5 to $20 million and EBITDA between $1 and $3 million. Anvil looks for businesses with significant organic and acquisition growth opportunities. Funds are generally used to support generational transitions of family businesses, recapitalizations, industry consolidations, and corporate divestitures. Anvil avoids investing in companies that are turnarounds, early stage, or operate in the industries of high technology, real estate, and healthcare. Anvil Capital was formed in 2002 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 7 of 10
Sector (Manufacturing) 4 of 4
Type (Recapitalization) 3 of 4
State (Massachusetts) 1 of 4
Country (United States) 7 of 10
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-30 Precision Manufacturing Group

Cedar Grove, New Jersey, United States

Precision Manufacturing Group LLC is a designer and manufacturer of precision electrodeposited nickel bellows, bellows assemblies, flexible shaft couplings, electrical contacts, and lightweight structural electroforms.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-16 GenServe

Bay Shore, New York, United States

GenServe is an independent provider of scheduled and emergency power generator maintenance, repair and sales in the North Atlantic region serving commercial customers in various industries. GenServe was formed in 1990 and is headquartered in Plainview, New York.

Sell -
Buyer

Pine Street Capital Partners

Albany, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2004
PE ASSETS 425M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Pine Street Capital Partners (PSCP) provides mezzanine capital to small and medium-sized private and public companies. PSCP will consider investments from $3 to $15 million in companies generating at least $10 million of sales. Target sectors include manufacturing, business services, consumer products, healthcare and media. PSCP prefers investments in the Northeast and Mid-Atlantic regions of the US, but will consider opportunities nationwide. Investment funds are typically used to support strategic acquisitions, growth, management and employee buyouts, and leveraged recapitalization. PSCP will not invest in the real estate, biotech and oil & gas industries. Pine Street Capital Partners was formed in 2004 and is based in Albany, New York.


DEAL STATS #
Overall 29 of 41
Sector (Manufacturing) 4 of 6
Type (Recapitalization) 6 of 7
State (Massachusetts) 4 of 5
Country (United States) 29 of 41
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Artifact Uprising

Denver, Colorado, United States

Artifact Uprising is a provider of printed photo products with elevated quality, thoughtful design, and responsibly-sourced materials. Artifact Uprising was founded in 2012 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 Claris Vision

Warwick, Rhode Island, United States

Koch Eye Associates, Inc. is a provider of eye care and surgical practices, with twenty doctors treating patients at eight office locations, three laser vision centers, and a surgery center. Koch Eye Associates was founded in 1981 and is based in Warwick, Rhode Island.

Sell -