M&A Deal Summary

Arlington Capital Partners Acquires Tex Tech Industries

On August 24, 2017, private equity firm Arlington Capital Partners acquired apparel/textiles company Tex Tech Industries from Yukon Partners and ShoreView Industries

Acquisition Highlights
  • This is Arlington Capital Partners’ 1st transaction in the Apparel/Textiles sector.
  • This is Arlington Capital Partners’ 34th transaction in the United States.
  • This is Arlington Capital Partners’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2017-08-24
Target Tex Tech Industries
Sector Apparel/Textiles
Buyer(s) Arlington Capital Partners
Sellers(s) Yukon Partners
ShoreView Industries
Deal Type Secondary Buyout

Target

Tex Tech Industries

Kernersville, North Carolina, United States
Tex Tech Industries is a specialty textile material manufacturer that specializes in meeting the requirements of difficult and demanding customer applications. The Company’s research and development team allows it to be innovative, creative, and on the cutting edge for the benefit of its growing customer base. Tex Tech Industries was formed in 1904 and is based in Kernersville, North Carolina.

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Buyer(S) 1

Buyer

Arlington Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 7.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Arlington Capital Partners is a middle-market private equity firm focused on buyouts and recapitalizations in targeted growth industries. Arlington targets US based companies valued between $50 and $500 million with strong potential for organic growth and possible consolidation opportunities. Sectors of interest include business services and outsourcing, aerospace/defense, federal and commercial IT, media, education and training, healthcare services, and manufacturing. Arlington Capital was formed in 1999 and is headquartered in Washington DC.

DEAL STATS #
Overall 36 of 65
Sector (Apparel/Textiles) 1 of 1
Type (Secondary Buyout) 8 of 17
State (North Carolina) 1 of 1
Country (United States) 34 of 61
Year (2017) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-25 Daily Racing Form

New York, New York, United States

Daily Racing Form is a multi-media information company dedicated to providing premium data driven content and analytical tools to horse racing enthusiasts. Daily Racing Form was founded in 1894 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 Xebec Global

McLean, United States

Xebec Global Corp. is an international consulting firm providing strategic advisory services to public and private sector clients. Xebec offers extensive expertise in risk management, international trade facilitation and politico-economic analysis on a global basis.

Buy -

Seller(S) 2

SELLER

Yukon Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2008
PE ASSETS 640M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Yukon Partners is a mezzanine finance firm that works with private equity sponsors to fund a variety of investment situations. Yukon looks to invest $10 to $40 million to support buyouts, recapitalizations, take privates, and refinancings. Sectors of interest include automotive, building products, business services, consumer products, food/beverages, healthcare products/services, industrial manufacturing, niche manufacturing, and transportation/logistics. Prospective companies generally have revenues of $30 to $500 million and are profitable with EBITDA of $5 to $50 million. Yukon Partners was formed in 2008 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 8 of 28
Sector (Apparel/Textiles) 1 of 1
Type (Secondary Buyout) 4 of 17
State (North Carolina) 1 of 1
Country (United States) 8 of 27
Year (2017) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-09 Tooling Tech Group

Fort Loramie, Ohio, United States

Tooling Tech Group is a supplier of high-quality tooling for a variety of material forming processes including: thermoforming, twin-sheet and single-sheet vacuum forming, pressure forming, compression molding, rotational molding, blow molding, resin transfer molding, rubber and polyurethane molding, carpet and metal stamping, foundry tooling and pulp molding. The full range of in-house capabilities, including patterns, models, cast tooling, finishing, CNC machining as well as design and engineering, provides customers with a complete, one-stop solution for their tooling needs. Tooling Tech Group was formed in 1982 and is based in Fort Loramie, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-14 Practice Insight

Houston, Texas, United States

Practice Insight LLC is a provider of SaaS-based revenue cycle management solutions to healthcare providers. PI's solutions automate a physician practice reimbursement workflow which assists them in reducing bad debt, shortens the collection cycle and streamlines the administrative staff needed to manage the RCM function.

Buy -
SELLER

ShoreView Industries

Category Private Equity Firm
Founded 2002
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ShoreView Industries is a middle-market private investment principally focused on partnering with family or entrepreneurial-owned companies. ShoreView will consider a variety of investment situations, including buyouts, leveraged recapitalizations, minority investments, and industry consolidations. Areas of interest include engineered products, distribution, industrial services, business services, and niche consumer products. ShoreView industries was established in 2002 and is headquartered in Minneapolis, Minnesota.

DEAL STATS #
Overall 18 of 29
Sector (Apparel/Textiles) 1 of 1
Type (Secondary Buyout) 6 of 11
State (North Carolina) 1 of 1
Country (United States) 18 of 28
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-22 Pacific Aerospace & Electronics

Wenatchee, Washington, United States

Pacific Aerospace & Electronics, Inc. is an integrated manufacturer of hermetic electronic packages and interconnect solutions for leading defense, medical, energy and space companies. The company specializes in using unique materials and manufacturing processes to bring technically demanding custom product designs to market by optimizing for size, weight, thermal conductivity and electronic performance.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-30 Winzer

Plano, Texas, United States

Winzer is a distributor of fasteners and consumable maintenance supplies. The company serves customers engaged in maintenance, repair, and operations activities across a diverse range of end markets including industrial, automotive, institutional, and government. Winzer has a unique business model, whereby it markets and sells its products through a network of nearly 300 independent, route-based franchisees. Winzer was established in 1978 and is based in Plano, Texas.

Buy -
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