M&A Deal Summary

Bertram Capital Acquires Perennials and Sutherland

On February 5, 2019, private equity firm Bertram Capital acquired apparel/textiles company Perennials and Sutherland from Acacia Partners and ORIX Private Equity Solutions

Acquisition Highlights
  • This is Bertram Capital’s 2nd transaction in the Apparel/Textiles sector.
  • This is Bertram Capital’s 24th transaction in the United States.
  • This is Bertram Capital’s 3rd transaction in Texas.

M&A Deal Summary

Date 2019-02-05
Target Perennials and Sutherland
Sector Apparel/Textiles
Buyer(s) Bertram Capital
Sellers(s) Acacia Partners
ORIX Private Equity Solutions
Deal Type Secondary Buyout

Target

Perennials and Sutherland

Dallas, Texas, United States
Perennials and Sutherland is a designer and manufacturer of 100 percent solution-dyed acrylic performance fabric for indoor and outdoor use and luxury outdoor furniture serving a wide range of residential and commercial customers. Perennials and Sutherland was founded in 1977 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Bertram Capital

Foster City, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bertram Capital is a private equity firm that targets buyout and growth equity investments in lower middle-market companies. Bertram looks for companies with revenues of $20 to $250 million and EBITDA of $5 to $35 million. Sectors of interest include healthcare services and infrastructure, industrial manufacturing, business and financial services, technology, and internet. Bertram will consider both control and non-control investments. Prospective transaction structures include management buyouts, shareholder liquidity events, acquisitions financing's, growth financing's, and PIPE. Bertram Capital was formed in 2006 and is based in Foster City, California.


DEAL STATS #
Overall 26 of 46
Sector: Apparel/Textiles M&A 2 of 2
Type: Secondary Buyout M&A Deals 8 of 13
State: Texas M&A 3 of 4
Country: United States M&A 24 of 43
Year: 2019 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-29 Flow Control Group

Charlotte, North Carolina, United States

Flow Control Group is a solutions provider focused on technically oriented products and services for the flow control, fluid handling, and process & industrial automation sectors with locations throughout the U.S. and Canada. As a critical intermediary between over 2,000 suppliers and 10,000 customers, Flow Control Group was founded in 2014 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-25 Solo Brands

Grapevine, Texas, United States

Solo Brands is a platform for the next generation of digitally-connected, direct-to-consumer (DTC) brands that develops and produces lifestyle products to help customers create good moments and lasting memories. Solo Brands was founded in 2011 and is based in Grapevine, Texas.

Buy -

Seller(S) 2

DESCRIPTION

Acacia Partners is a private investment firm that primarily invests in family owned and owner/operated companies seeking equity capital ranging from $15 to $50 million. Acacia is sector agnostic and seeks businesses with at least $20 million in revenues and at least $5 million of EBITDA. Prospective transaction situations include growth equity, minority and majority recapitalizations, and leveraged buyouts. Acacia Partners was formed in 2011 and is based in Austin, Texas.


DEAL STATS #
Overall 2 of 4
Sector: Apparel/Textiles M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 4
State: Texas M&A 2 of 2
Country: United States M&A 2 of 4
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 Red River

Chantilly, Virginia, United States

Red River is an operator of a technology integrator. The company’s technology expertise and mission-critical experience help its customers optimize their business processes and enhance the value of their technology investments. Red River was founded in 1995 and is based in Chantilly, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 Nations Roof

Mobile, Alabama, United States

Nations Roof is a provider of commercial roofing services that operate out of 30+ locations and has completed re-roofing and service and repair projects in 49 states in the past year. Nations focus on providing best-in-class customer service to local and national real estate owners across all types of commercial properties. Nations Roof is based in Mobile, Alabama.

Buy -
DESCRIPTION

ORIX Mezzanine & Private Equity is the direct investment arm of asset manager ORIX. ORIX Mezzanine & Private Equity looks to invest $10 to $20 million to support buyouts, acquisitions, growth capital needs, and sponsored led transactions of profitable (greater than $5 million of EBITDA) companies throughout North America. ORIX will consider a variety of investment structures, including subordinated and convertible debt to common, preferred and convertible preferred equity. ORIX Mezzanine & Private Equity is headquartered in Dallas, Texas.


DEAL STATS #
Overall 7 of 22
Sector: Apparel/Textiles M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 7
State: Texas M&A 1 of 3
Country: United States M&A 5 of 20
Year: 2019 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-22 Giftcraft

Brampton, Ontario, Canada

Giftcraft engages in design, manufacturing, and distribution of Lifestyle, Fashion, Decor, Giftware, Health, Wellness, and Gourmet products. Giftcraft has been synonymous with quality, trendsetting designs, and best-in-class sales and service across North America. Giftcraft is based in Brampton, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-05 WhiteHat

San Jose, California, United States

WhiteHat is a provider of on-demand website and web application security software delivered as a service. WhiteHat's cloud website vulnerability management platform and leading security engineers turn verified security intelligence into actionable insights for customers. WhiteHat was founded in 2001 and is based in Santa Clara, California.

Sell -