M&A Deal Summary

Atrenne Integrated Solutions Acquires AbelConn

On October 1, 2014, Atrenne Integrated Solutions acquired aerospace company AbelConn from Marquette Capital Partners and Argosy Private Equity

Acquisition Highlights
  • This is Atrenne Integrated Solutions’ 1st transaction in the Aerospace sector.
  • This is Atrenne Integrated Solutions’ 3rd transaction in the United States.
  • This is Atrenne Integrated Solutions’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2014-10-01
Target AbelConn
Sector Aerospace
Buyer(s) Atrenne Integrated Solutions
Sellers(s) Marquette Capital Partners
Argosy Private Equity
Deal Type Add-on Acquisition

Target

AbelConn

New Hope, Minnesota, United States
AbelConn LLC manufactures backplane assemblies and interconnects products for the aerospace and military markets. AbelConn was founded in 1997 and is based in New Hope, Minnesota.

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Buyer(S) 1

Buyer

Atrenne Integrated Solutions

New Hope, Minnesota, United States
Category Company
Sector Information Technology
DESCRIPTION

Atrenne Integrated Solutions, Inc. is a designer and manufacturer of ruggedized electromechanical solutions serving multiple markets, primarily for military and commercial aerospace applications. Atrenne Integrated Solutions is based in New Hope, Minnesota.

DEAL STATS #
Overall 3 of 5
Sector (Aerospace) 1 of 2
Type (Add-on Acquisition) 3 of 3
State (Minnesota) 1 of 1
Country (United States) 3 of 5
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 CBT Technology

Randolph, Massachusetts, United States

CBT Technology is a provider of front panel and enclosure solutions using sheet metal and extruded aluminum for ruggedized and commercial applications in the communications, enterprise & networking, defense, and medical markets. CBT Technology was founded in 1945 and is based in Randolph, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-02 Hybricon

Ayer, Massachusetts, United States

Hybricon Corp. is a manufacturer of electric products. Hybricon is based in Ayer, Massachusetts and was formed in 1976.

Buy -

Seller(S) 2

SELLER

Marquette Capital Partners

St. Louis Park, Minnesota, United States

Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 258M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Marquette Capital Partners (MCP) is a private investment focused on junior capital investments in mature lower-middle market companies. MCP looks to invest $2 to $10 million per transaction to support growth, recapitalization, or change of control transactions. Prospective companies are typically manufacturers of consumer or industrial products, value-added distributors, business to business service companies, and retail businesses. MCP will not invest in start-ups, early stage venture capital, or real estate businesses. The firm is an affiliate of Marquette Financial Companies, a multibillion dollar financial services firm. Marquette Capital Partners was formed in 1997 and is based in Minneapolis, Minnesota, with an additional office in Chicago, Illinois.

DEAL STATS #
Overall 11 of 16
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 4 of 7
State (Minnesota) 4 of 6
Country (United States) 11 of 16
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-01 Inland Metal

Hayward, California, United States

Inland Metal is a provider of precision sheet metal fabrication, contract manufacturing, and engineering resources. Inland Metal was founded in 1964 and is based in Hayward, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 Wisconsin Film & Bag

Shawano, Wisconsin, United States

Wisconsin Film and Bag produces custom polyethylene bags and film for the flexible packaging industry.

Sell -
SELLER

Argosy Private Equity

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1990
PE ASSETS 575M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argosy Private Equity is the private equity arm of Argosy Capital, an asset management firm. Argosy Private Equity provides both debt and equity capital to lower middle-market companies located throughout the US. Argosy focuses on growth companies with experienced management teams and revenues between $15 and $100 million and EBITDA of $3 to $9 million. Argosy looks to invest $5 - $20 million per transaction. Specific areas of interest include manufacturing, business services, franchising and Value added distributions. The Firm will consider a variety of transaction types, including MBO’s, recapitalizations, growth equity and acquisitions. Argosy was formed in 1990 and is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 22 of 52
Sector (Aerospace) 3 of 3
Type (Add-on Acquisition) 16 of 38
State (Minnesota) 1 of 1
Country (United States) 22 of 52
Year (2014) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-14 Ranger Aerospace

Greenville, South Carolina, United States

Ranger Aerospace is a components overhaul and retrofit company serving commercial airline fleets specializing in aerospace operations and aviation services. Ranger Aerospace was founded in 1997 and is based in Greenville, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-07 Flow Dry Technology

Brookville, Ohio, United States

Flow Dry Technology is a designer and manufacturer of highly innovative, integrated solutions for the automotive, industrial, and healthcare industries. Flow Dry’s products include desiccant bags, value-added assemblies, and other sealant solutions to protect valuable systems from costly moisture damage. Flow Dry Technology was founded in 1946 and is based in Brookville, Ohio.

Buy -
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