Add-on Acquisition • Consumer Products

Best Lockers Acquires ScooterBug

On August 5, 2014, Best Lockers acquired consumer products company ScooterBug from Banyan Investment Partners

Acquisition Context
  • This is Best Lockers’ 1st transaction in the Consumer Products sector.
  • This is Best Lockers’ 1st transaction in the United States.
  • This is Best Lockers’ 1st transaction in Florida.

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M&A Deal Summary

Date August 5, 2014
Target ScooterBug
Sector Consumer Products
Buyer(s) Best Lockers
Sellers(s) Banyan Investment Partners
Deal Type Add-on Acquisition

Target Company

ScooterBug

Orlando, Florida, United States
ScooterBug, Inc. is the company focused exclusively on providing fleet management solutions for mobility products to theme and amusement parks, zoos, aquariums, casinos and other destination locations.
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Buyer Overview 1

Buyer

Best Lockers

Beltsville, Maryland, United States

Category Company
Founded 1968
Sector Electronics
DESCRIPTION

Best Lockers is the concession industry’s preferred personal locker provider with a full range of storage solutions backed by innovative design, sales and service.


Deal Context for Buyer #
Overall 1 of 1
Sector: Consumer Products 1 of 1
Type: Add-on Acquisition 1 of 1
State: Florida 1 of 1
Country: United States 1 of 1
Year: 2014 1 of 1

Seller Profile 1

SELLER

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 Context for Seller #
Overall 11 of 22
Sector: Consumer Products 1 of 1
Type: Add-on Acquisition 6 of 14
State: Florida 4 of 7
Country: United States 11 of 22
Year: 2014 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-05 Mob Scene

Los Angeles, California, United States

Mob Scene is an operator of advertising, content, and production company comprised of top tier talent from the worlds of creative advertising, production, digital content, publicity, and motion graphics, Mob Scene's "divisionless" structure allows for total integration of individual expertise into a seamless flow of creative solutions. Mob Scene was founded in 2006 and is based in Los Angeles, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 BB7

London, United Kingdom

BB7 is an operator of product design and product development consulting firm focused on providing strategy, innovation, design, engineering, prototyping, and testing services through new product implementation. BB7 was founded in 1944 and is based in London, United Kindom.

Buy -