M&A Deal Summary

Argenta Partners and TopDown Acquire GAHH

On May 14, 2018, private equity firm Argenta Partners and TopDown acquired automotive company GAHH from Harbert Private Capital

Acquisition Highlights
  • This is Argenta Partners’ 1st and TopDown’s 1st transaction in the Automotive sector.
  • This is Argenta Partners’ 7th and TopDown’s 1st transaction in the United States.
  • This is Argenta Partners’ 1st and TopDown’s 1st transaction in California.

M&A Deal Summary

Date 2018-05-14
Target GAHH
Sector Automotive
Buyer(s) Argenta Partners
TopDown
Sellers(s) Harbert Private Capital
Deal Type Add-on Acquisition
Advisor(s) Prestwick Partners LLC (Financial)
Katten Muchin Rosenman (Legal)

Target

GAHH

North Hollywood, California, United States
GAHH is a designer, manufacturer, and marketer of aftermarket convertible tops, Jeep tops, seat covers and vehicle interiors. GAHH was founded in 1979 and is based in North Hollywood, California.

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Buyer(S) 2

Buyer

Argenta Partners

Dallas, Texas, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Argenta Partners is a private equity group that acquires controlling equity stakes in growth-oriented, mid-sized companies. Argenta will consider a variety of transaction situations; including, recapitalizations, buyouts, divestitures, and consolidations. Broad sectors of interest include manufacturing, service, transportation, and value-added distribution. Prospective companies generally have revenues of $10 to $125 million and EBITDA of at least $2 million. The Firm avoids investing in businesses with rapidly changing technology; or in retail, banking, real estate or commodity businesses. Argenta Partners was formerly known as Lynch Investment Company. The Firm was established in 1989 and is based in Dallas, Texas.


DEAL STATS #
Overall 7 of 7
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 7 of 7
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Avita

Plano, Texas, United States

Avita is a specialized pharmacy which dispenses and delivers prescription medications for patients with certain chronic diseases. Avita also provides extensive patient data to the caregivers, prescribing physicians and community based organizations to assist with monitoring patient adherence. Avita was founded in 2003 and is based in Plano, Texas.

Buy -
Buyer

TopDown

North Hollywood, California, United States

Category Company
Founded 1979
Sector Automotive
DESCRIPTION

TopDown is a designer, manufacturer, and supplier of automotive aftermarket products. TopDown was founded in 1979 and is based in North Hollywood, California.


DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Harbert Private Capital

Birmingham, Alabama, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 4.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Harbert Private Equity and Mezzanine is a private equity arm of Harbert Management Corp. The Private Equity group targets leveraged buyouts, recapitalizations, expansion capital investments, and distressed situations. The firm targets opportunities across a range of industries and typical transactions have enterprise values between A$10 and A$100 million. The Mezzanine Capital group seeks subordinated debt investments and can commit $3 to $15 million per transaction. . Harbert Management Corporation was formed in 1985 and has offices in Birmingham, Alabama; New York, New York; Nashville, Tennessee; Richmond, Virginia; London; Madrid; Paris; and Melbourne.


DEAL STATS #
Overall 36 of 43
Sector (Automotive) 3 of 3
Type (Add-on Acquisition) 22 of 26
State (California) 1 of 1
Country (United States) 35 of 42
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 Voci Technologies

Pittsburgh, Pennsylvania, United States

Voci Technologies, Inc. combines artificial intelligence (AI) and deep learning algorithms to deliver the best-in-class enterprise speech transcription platform. Voci Technologies is based in Pittsburgh, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-26 Staff Finder

Zurich, Germany

Staff Finder is a provider of staffing solutions. Staff Finder was founded in 2011 and is based in Zurich, Germany.

Buy -