M&A Deal Summary

Bradford Equities Management Acquires Alkota Cleaning Systems

On March 8, 2006, private equity firm Bradford Equities Management acquired machinery company Alkota Cleaning Systems from Spell Capital Partners

Acquisition Highlights
  • This is Bradford Equities Management’s 1st transaction in the Machinery sector.
  • This is Bradford Equities Management’s 10th transaction in the United States.
  • This is Bradford Equities Management’s 1st transaction in South Dakota.
Investment Fate
  • Alkota Cleaning Systems was sold to a consortium of financial buyers in 2015.

M&A Deal Summary

Date 2006-03-08
Target Alkota Cleaning Systems
Sector Machinery
Buyer(s) Bradford Equities Management
Sellers(s) Spell Capital Partners
Deal Type Secondary Buyout

Target

Alkota Cleaning Systems

Alcester, South Dakota, United States
Alkota Cleaning Systems designs and manufactures pressure washers, steam cleaners, space heaters, and related products for a wide range of end markets. Alkota was founded in 1964 and is based in Alcester, South Dakota.

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Buyer(S) 1

Buyer

Bradford Equities Management

White Plains, New York, United States

Investor Investor


Category Private Equity Firm
Founded 1974
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Bradford Equities Management (BEM) is a private equity firm that acquires mid-sized, US based companies in partnership with management. BEM generally seeks companies with $15 to $75 million in annual revenues for platform acquisitions and a minimum of $5 million in revenues for add-on acquisitions. BEM invests across a broad range of industries and favors low-technology manufacturing businesses as well as specialty distribution companies. Prospective acquisition candidates may include privately-held corporations and divisions or subsidiaries of larger corporations. Bradford Equities Management was formed in 1974 and is based in White Plains, New York.


DEAL STATS #
Overall 10 of 14
Sector: Machinery M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: South Dakota M&A 1 of 1
Country: United States M&A 10 of 14
Year: 2006 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-08 Pamarco Technologies

Roselle, New Jersey, United States

Pamarco Technologies is a manufacturer of industrial printing press rolls and various supplies for the printing industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-01 Sunbelt Modular

Phoenix, Arizona, United States

Sunbelt Modular is a manufacturer of commercial modular buildings in the U.S. The Company operates under seven distinct brands in its regional footprint: Amtex Corporation (TX), Indicom Buildings (TX), MR Steel (AZ), Phoenix Modular (AZ), ProMod Manufacturing (GA), Southeast Modular Manufacturing (FL), and Specialized Structures (GA). Sunbelt manufactures both custom and fleet modular units and serves a broad range of end-markets. Sunbelt Modular was founded in 2007 and is based in Phoenix, Arizona.

Buy -

Seller(S) 1

SELLER

Spell Capital Partners

Edina, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spell Capital Partners is a private equity firm that targets control investments in lower middle-market manufacturing and distribution businesses. Spell targets companies with at least $5 million in annual revenues and minimum EBITDA of $1 million. The Firm's target equity investment size range is $2 to $15 million. Spell prefers opportunities located in the upper-midwestern states of Minnesota, Iowa, Wisconsin, North Dakota, South Dakota, Indiana, Illinois, and Nebraska. Spell Capital Partners was formed in 1988 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 2 of 37
Sector: Machinery M&A 1 of 5
Type: Secondary Buyout M&A Deals 1 of 11
State: South Dakota M&A 1 of 1
Country: United States M&A 2 of 37
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-22 Crysteel Manufacturing

Lake Crystal, Massachusetts, United States

Crysteel Manufacturing, Inc. is a manufacturer of dump and platform bodies and hoists for the construction, landscaping, agricultural, military, public sector highway departments and short haul trucking markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-29 Rotonics Manufacturing

Commerce City, Colorado, United States

Rotonics Manufacturing, Inc. is a rotational molding company. Rotonics Manufacturing produces a wide variety of both proprietary and custom plastic parts and products for a broad group of industries and applications, including commercial, governmental, military, agriculture, healthcare, packaging, energy and residential.

Buy -