M&A Deal Summary

Banyan Investment Partners and Shepard Capital Partners Acquire Burlington Technologies

On October 1, 2012, mezzanine finance firm Banyan Investment Partners and private equity firm Shepard Capital Partners acquired apparel/textiles company Burlington Technologies

Acquisition Highlights
  • This is Banyan Investment Partners’ 1st and Shepard Capital Partners’ 1st transaction in the Apparel/Textiles sector.
  • This is Banyan Investment Partners’ 54th and Shepard Capital Partners’ 3rd transaction in the United States.
  • This is Banyan Investment Partners’ 2nd and Shepard Capital Partners’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2012-10-01
Target Burlington Technologies
Sector Apparel/Textiles
Buyer(s) Banyan Investment Partners
Shepard Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Burlington Technologies

Burlington, North Carolina, United States
Burlington Technologies is a specialty textile manufacturer. Burlington Technologies is based in Burlington, North Carolina.

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Buyer(S) 2

Buyer

Banyan Investment Partners

Miami, Florida, United States

Investor


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Banyan is a specialty finance firm that provides mezzanine capital to smaller middle-market companies headquartered primarily in the Southeast US. Banyan looks to invest $5 to $25 million of junior capital in profitable companies. The Firm does not have any industry preferences, however, Banyan will not invest in real estate development, oil and gas exploration, direct lenders, start-ups or turn-around situations. Banyan Mezzanine was formed in 2002 and is based in Miami, Florida.


DEAL STATS #
Overall 54 of 73
Sector (Apparel/Textiles) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 14 of 28
State (North Carolina) 2 of 2
Country (United States) 54 of 73
Year (2012) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-02 Monomer Polymer and Dajac Laboratories

Ambler, Pennsylvania, United States

Monomer Polymer and Dajac Laboratories, Inc. is specialized in monomer and polymer research and manufacturing for over 50 years, resulting in an extensive portfolio of highly technical monomers and related polymers and copolymers. Monomer Polymer and Dajac Laboratories was founded in 1978 and is based in Ambler, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 Vestek Industries

Houston, Texas, United States

Vestek Industries is a Society of Mechanical Engineers certified manufacturer and supplier of steel tanks and pressure vessels. Vestek Industries is based in Houston, Texas.

Buy -
DESCRIPTION

Shepard Capital Partners is a private equity firm focused on small-cap profitable acquisitions in the Southeast US. The Firm targets companies with at least $1 million of EBITDA, recurring revenue business models, and sustainable competitive advantages. Shepard Capital has no stated sector preferences. Shepard Capital Partners was established in 2007 and is headquartered in Tampa, Florida.


DEAL STATS #
Overall 3 of 5
Sector (Apparel/Textiles) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (North Carolina) 1 of 1
Country (United States) 3 of 5
Year (2012) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-13 International Auto Distributors

Tampa, Florida, United States

International Auto Distributors, LLC (d.b.a. The Car Stop) is a retail dealer of automobiles focused on selling to consumers that do not qualify for prime credit options.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-17 Uown Leasing

Tampa, Florida, United States

MNGH operates lease purchase programs to select furniture and electronics retailers across the United States. MNGH is founded in 2008 and is headquartered in Tampa, Florida.

Buy -