M&A Deal Summary

Blue Sea Capital Acquires Rhino Tool House

On April 5, 2023, private equity firm Blue Sea Capital acquired manufacturer Rhino Tool House from Wincove Private Holdings

Acquisition Highlights
  • This is Blue Sea Capital’s 2nd transaction in the Manufacturing sector.
  • This is Blue Sea Capital’s 18th transaction in the United States.
  • This is Blue Sea Capital’s 2nd transaction in North Carolina.

M&A Deal Summary

Date 2023-04-05
Target Rhino Tool House
Sector Manufacturing
Buyer(s) Blue Sea Capital
Sellers(s) Wincove Private Holdings
Deal Type Secondary Buyout

Target

Rhino Tool House

Concord, North Carolina, United States
Rhino Tool House is a provider of high-performance assembly tools and material handling equipment used in heavy manufacturing. RTH’s distribution operations include assembly tool and material handling products focused on intelligent fastening solutions that provide data on productivity, performance, and safety. Rhino Tool House was founded in 2000 and is based in Concord, North Carolina.

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Buyer(S) 1

Buyer

Blue Sea Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 327M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Blue Sea Capital is a private equity firm focused on majority investments in middle-market aerospace, defense, healthcare, and industrial companies. Blue Sea will consider opportunities throughout North America with a focus on businesses with differentiated products/services. The Firm can commit up to $150 million in transactions valued up to $300 million. Blue Sea Capital was formed in 2013 and is based in West Palm Beach, Florida.


DEAL STATS #
Overall 18 of 18
Sector (Manufacturing) 2 of 2
Type (Secondary Buyout) 6 of 6
State (North Carolina) 2 of 2
Country (United States) 18 of 18
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-16 Flagger Force

Hummelstown, Pennsylvania, United States

Flagger Force is a provider of short-term traffic control and safety services. Flagger Force is based in Hummelstown, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-05 Sunvair

Valencia, California, United States

Sunvair is an independent MRO services provider specializing in landing gear overhauls and component repairs for commercial and military aircraft. Sunvair was formed in 1956 and is headquartered in Valencia, California.

Sell -

Seller(S) 1

SELLER

Wincove Private Holdings

New York, New York, United States

Investor Investor


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Wincove Private Holdings is an independent private equity firm that invests in smaller, profitable companies in partnership with management. Wincove looks to support family and/or seller succession transactions, recapitalizations, management buyouts, consolidations, and corporate divestitures. Wincove is a generalist firm, and will consider opportunities in a variety of industries. The Firm targets companies located in the US and Canada. Prospective companies typically have less then $50 million in revenue. Wincove Private Holdings was formed in 2008 and is based in New York City.


DEAL STATS #
Overall 8 of 10
Sector (Manufacturing) 2 of 3
Type (Secondary Buyout) 4 of 5
State (North Carolina) 2 of 2
Country (United States) 8 of 10
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-03 USBid

Palm Bay, Florida, United States

USBid is a distributor of Internet exchange for electronic components. USBid leverages its proprietary sourcing technology and in-house testing laboratory to solve OEM customers’ most challenging procurement needs. USBid was founded in 1998 and is based in Palm Bay, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-14 Fortbrand Services

Plainview, New York, United States

Fortbrand Services is a provider of maintenance and support equipment for the global aviation industry. Fortbrand’s Ground Support Equipment business provides sales, leasing, and short-term rentals of mission-critical ground support equipment to airlines, ground handling companies, and fixed base operators. The Company’s Airfield Maintenance Equipment business distributes and leases snow removal and maintenance equipment to airports. Fortbrand Services was founded in 1983 and is based in Plainview, New York.

Sell -