M&A Deal Summary

Balmoral Funds Acquires Bennington Marine

On December 1, 2009, private equity firm Balmoral Funds acquired marine company Bennington Marine

Acquisition Highlights
  • This is Balmoral Funds’ 1st transaction in the Marine sector.
  • This is Balmoral Funds’ 3rd transaction in the United States.
  • This is Balmoral Funds’ 1st transaction in Indiana.
Investment Fate
  • Bennington Marine was sold to a strategic buyer in 2018.

M&A Deal Summary
Date 2009-12-01
Target Bennington Marine
Sector Marine
Buyer(s) Balmoral Funds
Deal Type Special Situations/Distressed

Target

Bennington Marine

Elkhart, Indiana, United States
Bennington Marine is a manufacturer of pontoon boats. Bennington Marine is based in Elkhart, Indiana.

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Buyer(S) 1

Buyer

Balmoral Funds

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Balmoral Funds is a private equity firm which targets recapitalizations, special situations, and acquisitions of small and middle-market companies. Typical investment candidates are located in the US or Canada, undergoing operational challenges with up to $400 million of revenue. Sectors of interest include manufacturing, business services, consumer products, retail, and value-added distribution. The Firm's target investment size is $5 to $40 million. Balmoral Funds was established in 2005 and is based in Los Angeles, California.

DEAL STATS #
Overall 3 of 18
Sector (Marine) 1 of 1
Type (Special Situations/Distressed) 1 of 2
State (Indiana) 1 of 1
Country (United States) 3 of 18
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-02 Interstate Southwest

Navasota, Texas, United States

Interstate Southwest is a leading provider of closed die steel forgings, specializing in large components (10 to 2,500 pounds) with complex geometries. ISW provides customers a full range of services including tool design and manufacturing, engineering, prototyping, forging, heat treating and machining.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-21 GlobalOptions Services

Orlando, Florida, United States

GlobalOptions Services, Inc. is a provider of investigation service

Buy -
Mergr

Product

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