M&A Deal Summary

Ashland Capital Partners and Graycliff Partners Acquire Dedoes Industries

On October 10, 2016, private equity firms Ashland Capital Partners and Graycliff Partners acquired machinery company Dedoes Industries

Acquisition Highlights
  • This is Ashland Capital Partners’ 1st and Graycliff Partners’ 3rd transaction in the Machinery sector.
  • This is Ashland Capital Partners’ 7th and Graycliff Partners’ 31st transaction in the United States.
  • This is Ashland Capital Partners’ 1st and Graycliff Partners’ 1st transaction in Michigan.

M&A Deal Summary
Date 2016-10-10
Target Dedoes Industries
Sector Machinery
Buyer(s) Ashland Capital Partners
Graycliff Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Dedoes Industries

Walled Lake, Michigan, United States
Dedoes Industries engages in the design and manufacturing of equipment that supports the automotive refinish market. The company’s products are used by auto refinish shops to mix, shake, proportion, formulate, cure and store both water and solvent based paint. Dedoes Industries was founded in 1941 and is based in Walled Lake, Michigan.

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Buyer(S) 2

Buyer

Ashland Capital Partners

Chicago, Illinois, United States
Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Ashland Capital Partners is a private investment group focused on acquiring and growing lower middle-market companies with revenues greater than $20 million. Sectors of interest include industrial manufacturing/services, distribution/logistics, and business services. Ashland prefers situations where a management team is looking to acquire from the current owner, current owners are looking to retire, or ownership is looking for an outside partner to help grow the business. Ashland Capital Partners was established in 2005 and is based in Chicago, Illinois.

DEAL STATS #
Overall 7 of 10
Sector (Machinery) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 3
State (Michigan) 1 of 2
Country (United States) 7 of 10
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-31 Technical Innovations

Norcross, Georgia, United States

Technical Innovation is a provider of custom design-build audio visual integration services and digital multimedia technology. The Company focuses on providing video-centric communication solutions to corporations, state and federal government agencies, universities, professional organizations and faith-based markets. Due to the Company's experience as an audio visual systems designer as well as its proprietary design-build integration process, Technical Innovation is uniquely positioned to provide its customers with comprehensive, customized services including turnkey design-build projects, custom software development and integration, full project management and ongoing customer support.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 Gamma Aerospace

Mansfield, Texas, United States

Gamma Aerospace is a manufacturer of engineered airframe and flight components for leading original equipment manufacturers and Tier I suppliers in the aerospace and defense industry. Gamma Aerospace was founded in 1971 and is based in Mansfield, Texas.

Buy -
Buyer

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.

DEAL STATS #
Overall 36 of 72
Sector (Machinery) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 14 of 26
State (Michigan) 1 of 3
Country (United States) 31 of 67
Year (2016) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-01 NAL Group

Edison, New Jersey, United States

NAL Group is a provider of last-mile delivery, dispatch, simple and complex installation, warehousing and direct fulfillment services to OEMs, retail and e-commerce companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-03 LTI

Baldwin Park, California, United States

LTI is a developer, manufacturer, and sells specialty discharge lamps to industrial and theatrical OEM customers and distribution partners worldwide. LTI's xenon and mercury xenon lamps provide very high intensity, pinpoint sources of light for specific user applications, including cinema and video projection, exhibition and architectural lighting, and medical and industrial applications. LTI was founded in 1999 and is based in Baldwin Park, California.

Buy -
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