M&A Deal Summary

Aquaria Acquires Perfecto Manufacturing

On July 29, 1999, Aquaria acquired consumer products company Perfecto Manufacturing from Florida Capital Partners and KLH Capital

Acquisition Highlights
  • This is Aquaria’s 1st transaction in the Consumer Products sector.
  • This is Aquaria’s 1st transaction in the United States.
  • This is Aquaria’s 1st transaction in Indiana.

M&A Deal Summary
Date 1999-07-29
Target Perfecto Manufacturing
Sector Consumer Products
Buyer(s) Aquaria
Sellers(s) Florida Capital Partners
KLH Capital
Deal Type Add-on Acquisition

Target

Perfecto Manufacturing

Noblesville, Indiana, United States
Perfecto Manufacturing, Inc. is a manufacturer of aquariums and related accessories including hoods, stands, lights, and other decorative items.

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Buyer(S) 1

Buyer

Aquaria

Moorpark, California, United States
Category Company
Sector Consumer Products
DESCRIPTION

Aquaria, Inc. is a manufacturer of aquarium products.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (1999) 1 of 1

Seller(S) 2

SELLER

Florida Capital Partners

Tampa, Florida, United States
Category Private Equity Firm
Founded 1988
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Florida Capital Partners (FCP) is a private equity firm focused on acquisitions or recapitalizations of profitable private companies located in the continental US. FCP targets businesses with Enterprise value between $20 to $100 million with an EBITDA of $5 to $20 million. FCP prefers companies operating in traditional industries such as niche manufacturering, specialty services, and value-added distribution. FCP avoids investing in commodity products, start-ups, restaurants/hospitality, amusement parks, technology, biotech, retail, and real estate. FCP was formed in 1988 and is based in Tampa, Florida.

DEAL STATS #
Overall 4 of 21
Sector (Consumer Products) 1 of 6
Type (Add-on Acquisition) 2 of 7
State (Indiana) 1 of 1
Country (United States) 4 of 21
Year (1999) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-01 Bock & Clark

Akron, Ohio, United States

Bock & Clark Corp. is a provider of commercial real estate due diligence services. With offices in Ohio, Pennsylvania, Florida, Oklahoma, California, Colorado, and Rhode Island, Bock & Clark serves clients in all 50 states and Canada in the following capacities: ALTA land and title surveys, boundary surveys, topographic surveys, aerial survey zoning reports and letters, and environmental services. Bock & Clark employs experienced professionals to research and prepares each of these products resulting in due diligence efficiency.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-01 Spectrum

Selmer, Tennessee, United States

Spectrum Corp. is an independent compunder, blender, packager, and marketer of specialty lubricants. Products include 2-cycle and small engine 4-cycle oils, bar and chain oil, and hydraulic fluid, which are commonly used in power lawn and garden equipment.

Buy -
SELLER

KLH Capital

Tampa, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

KLH Capital is a private investment firm focused on smaller company investments in a variety of growing industry sectors. KLH helps provide management teams with capital to facilitate recapitalizations, management buy-outs/buy-ins, family successions, and other ownership transitions. KLH generally pursues companies with $4 to $20 million in pre-tax earnings and will consider opportunities across the US. KLH will not invest in start-ups, high technology, software, biotech, restaurants, retail, real estate development, oil and gas operations, or new construction businesses. KLH Capital is based in Tampa, Florida.

DEAL STATS #
Overall 6 of 30
Sector (Consumer Products) 1 of 5
Type (Add-on Acquisition) 3 of 11
State (Indiana) 1 of 2
Country (United States) 6 of 30
Year (1999) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-01 Bock & Clark

Akron, Ohio, United States

Bock & Clark Corp. is a provider of commercial real estate due diligence services. With offices in Ohio, Pennsylvania, Florida, Oklahoma, California, Colorado, and Rhode Island, Bock & Clark serves clients in all 50 states and Canada in the following capacities: ALTA land and title surveys, boundary surveys, topographic surveys, aerial survey zoning reports and letters, and environmental services. Bock & Clark employs experienced professionals to research and prepares each of these products resulting in due diligence efficiency.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-25 Nations Fence

Orlando, Florida, United States

Nations is one of the largest fence installation companies in the US. The company serves both the residential and commercial markets and offers customers a wide variety of fence products including wood, chain-link, and PVC. Today, Nations has 11 branches from West Palm to Philadelphia.

Buy -
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