Investment Summary

American Capital, Graham Partners and Argosy Partners Exits Nailite International

On February 13, 2009, invested in building materials company Nailite International from American Capital, Graham Partners and Argosy Partners

Investment Highlights
  • This is transaction in the Building Materials sector.
  • This is transaction in the United States.
  • This is transaction in Florida.
Investment Fate
  • Nailite International was sold to a strategic buyer in 2009.

Investment Summary

Date 2009-02-13
Target Nailite International
Sector Building Materials
Sellers(s) American Capital
Graham Partners
Argosy Partners
Deal Type Bankruptcy

Target

Nailite International

Miami,, Florida, United States
Nailite International Inc. ('Nailite'), a niche manufacturer of molded polypropylene siding ('MPS') for the remodeling and new construction housing markets. Founded in 1978, Nailite International Inc. was the first company in the siding business to develop an injection molded siding product that replicates the appearance of the traditional siding materials of natural cedar, brick and stone, thereby offering homeowners the low cost and minimal maintenance benefits of artificial siding without having to sacrifice aesthetics.

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Seller(S) 3

SELLER

American Capital


Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.


DEAL STATS #
Overall 100 of 194
Sector: Building Materials M&A 4 of 7
Type: Bankruptcy M&A Deals 1 of 3
State: Florida M&A 7 of 12
Country: United States M&A 98 of 186
Year: 2009 M&A 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-15 Stein World

Memphis, Tennessee, United States

Stein World LLC is a designer, importer, and distributor of decorative home accents including accent furniture, lamps, occasional tables, accent chairs, and mirrors. Stein World was formed in 2004 and is based in Memphis, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-31 Corrpro Companies

Houston, Texas, United States

Corrpro Companies, Inc. is a provider of corrosion control engineering services, systems and equipment to the infrastructure, environmental and energy markets around the world. Corrpro provides cathodic protection systems and engineering services, as well as corrosion protection services relating to coatings, pipeline integrity and reinforced concrete structures.

Sell -
SELLER

Graham Partners

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 6.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Graham Partners is a private equity that targets middle market industrial and manufacturing companies. The Firm seeks to invest in businesses based in the US and also consider investments in Canada and Western Europe. Graham Partners focuses on strong growth potential companies with high return on invested capital, led by experienced management teams in revenues between $30 - $500 million and EBITDA between $5 million and $50 million. The firm typically invests between $10 million and $100 million in equity and the balance via debt and can invest higher than $100 million through co-investments. Broad areas of interest include building products, water management, medical products, consumer products, packaged food & beverage, packaging, aerospace/defense, agriculture, capital equipment, energy related products, home and outdoor, sports and leisure, and transportation services. Prospective transaction types include MBOs, recapitalization and growth capital financing. Graham Partners is an affiliate of The Graham Group was formed in 1988 and is based in Newton Square, Pennsylvania.


DEAL STATS #
Overall 4 of 38
Sector: Building Materials M&A 2 of 7
Type: Bankruptcy M&A Deals 1 of 1
State: Florida M&A 1 of 2
Country: United States M&A 4 of 35
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-07 B+B SmartWorx

Ottawa, Illinois, United States

B+B SmartWorx designs and manufactures wired and wireless industrial networking and device connectivity solutions. B+B’s products allow customers to network-enable legacy equipment, extend network connections, or embed network connectivity into applications where reliability in rugged or hostile environments is critical.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-14 Tando

Miami, Florida, United States

Tando is a manufacturer of molded polypropylene siding ("MPS") products. Tando's products replicate the aesthetics of natural siding alternatives such as cedar shingles, brick, or stone through a plastic injection molding process.

Buy -
SELLER

Argosy Partners

Toronto, Ontario, Canada

Investor


Category Private Equity Firm
Founded 1995
Size Small
Type Sector Agnostic
DESCRIPTION

Argosy Partners is a private equity firm that provides capital to small and medium-sized Canadian businesses. Argosy markets its services through its Shotgun and Succession funds. The Shotgun Fund is designed for time sensitive opportunities with company sales between $10 and $100 million. The Succession Fund is designed to allow business owners to partially liquidate ownership. Industry sectors of interest include manufacturing, distribution, and service. Arogosy Partners was formed in 1998 and is based in Toronto.


DEAL STATS #
Overall 1 of 4
Sector: Building Materials M&A 1 of 1
Type: Bankruptcy M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-16 Nailite International

Miami,, Florida, United States

Nailite International Inc. ('Nailite'), a niche manufacturer of molded polypropylene siding ('MPS') for the remodeling and new construction housing markets. Founded in 1978, Nailite International Inc. was the first company in the siding business to develop an injection molded siding product that replicates the appearance of the traditional siding materials of natural cedar, brick and stone, thereby offering homeowners the low cost and minimal maintenance benefits of artificial siding without having to sacrifice aesthetics.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-26 Insception Lifebank

Mississauga, Ontario, Canada

Insception Lifebank engages in the research and development of stem cell-based treatments in Canada. Insception Lifebank was founded in 1996 and is based in Mississauga, Ontario.

Sell -