M&A Deal Summary

Aterian Investment Partners Acquires XGS

On December 21, 2018, private equity firm Aterian Investment Partners acquired transportation company XGS from Riveria Investment Group, Panton Equity Partners and Mosaic Investments

Acquisition Highlights
  • This is Aterian Investment Partners’ 1st transaction in the Transportation sector.
  • This is Aterian Investment Partners’ 14th transaction in the United States.
  • This is Aterian Investment Partners’ 2nd transaction in Tennessee.

M&A Deal Summary

Date 2018-12-21
Target XGS
Sector Transportation
Buyer(s) Aterian Investment Partners
Sellers(s) Riveria Investment Group
Panton Equity Partners
Mosaic Investments
Deal Type Secondary Buyout

Target

XGS

Chattanooga, Tennessee, United States
XGS is a provider of transportation and logistics services for the floor covering industry. XGS was founded in 1986 and is based in Chattanooga, Tennessee.

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Buyer(S) 1

Buyer

Aterian Investment Partners

New York, New York, United States

Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Aterian Investment Partners is a special situations private equity firm that invests in middle-market businesses that are financially or operationally challenged, or require a creative transaction solution. Aterian invests in businesses generating $25 to $500 million of revenue with strong franchises. Sectors of interest include manufacturing, chemicals, industrials, consumer products, food, beverages, distribution, metals/mining, retail, restaurants, and healthcare services. Aterian Investment Partners LLC is formed in 2009 and is based in New York City.


DEAL STATS #
Overall 14 of 26
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 4 of 5
State (Tennessee) 2 of 2
Country (United States) 14 of 25
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 Pioneer Metal Finishing

Green Bay, Wisconsin, United States

Pioneer Metal Finishing is a provider of metal finishing services, with primary processes including anodizing of aluminum and electroless nickel plating of ferrous and non-ferrous metals. Pioneer Metal Finishing was founded in 1945 and is based in Green Bay, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 U.S. Zinc

Houston, Texas, United States

U.S. Zinc is a provider of value-added zinc products. U.S. Zinc manufactures zinc oxide, zinc dust, and Prime Western grade zinc metal from special high grade (SHG) zinc metal and other zinc secondaries. U.S. Zinc was founded in 1949 and is based in Houston, Texas.

Buy -

Seller(S) 3

SELLER

Riveria Investment Group

New York, New York, United States

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

Riveria Investment Group is a private equity firm focused primarily on profitable, small to mid-sized, expansion-stage companies. The Firm targets situations where additional capital can accelerate growth. Riveria looks for transactions valued from $20 to $200 million and EBITDA of $2 to $25 million. Areas of interest include consumer products, retail, manufacturing, industrial, media/entertainment, and healthcare. In addition to growth equity transactions, Riveria will also consider management buyouts, recapitalizations, purchases of family-owned companies, corporate divestitures, and take-privates. Riveria is based in New York City.


DEAL STATS #
Overall 3 of 9
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 2 of 4
State (Tennessee) 1 of 1
Country (United States) 3 of 9
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Taymax Fitness Holdings

Belmont, New Hampshire, United States

Taymax is a Planet Fitness franchisee with more than 100 locations across Texas, Tennessee, Alabama, Georgia, Florida, Pennsylvania, California and Ontario, Canada. Planet Fitness pioneered the high-value, low-price fitness club model and is the leading player in the segment with over 2,000 locations across North America. Taymax Fitness Holdings was founded in 2009 and is based in Belmont, New Hampshire.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-05 LMPmotors

Fort Lauderdale, Florida, United States

LMPmotors is an e-commerce platform for buying, selling and financing late model pre-owned automobiles. Through the Company’s platform, consumers can research and identify a vehicle, obtain financing and warranty coverage, purchase a vehicle and schedule delivery or pick-up all from their desktop or mobile devices. LMPmotors was founded in 2017 and is based in Fort Lauderdale, Florida.

Sell -
DESCRIPTION

Panton Equity Partners is a private equity firm focused on acquiring lower middle-market companies with up to $200 million of revenue. Panton looks to invest in service companies, including financial services, infrastructure services, and transportation/logistics with minimal capital expenditure requirements and highly scalable platforms. Panton Equity Partners was established in 2012 and is headquartered in Atlanta, Georgia.


DEAL STATS #
Overall 2 of 2
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Tennessee) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-13 XGS

Chattanooga, Tennessee, United States

XGS is a provider of transportation and logistics services for the floor covering industry. XGS was founded in 1986 and is based in Chattanooga, Tennessee.

Buy -
DESCRIPTION

Mosaic Investments is a private investment firm focused on acquiring and investing in operating companies and real estate. The Firm's investment group focused on companies pursues profitable ($2 to $10 million of EBITDA) with at least $10 million of revenue. Sectors of interest include franchising, facilities services, manufacturing, consumer, retail, clean energy, and transportation. Mosaic Investments was formed in 2010 and is headquartered in Atlanta, Georgia.


DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-13 XGS

Chattanooga, Tennessee, United States

XGS is a provider of transportation and logistics services for the floor covering industry. XGS was founded in 1986 and is based in Chattanooga, Tennessee.

Buy -