M&A Deal Summary

Branford Castle Partners and Brookside Capital Partners Acquire ABC Industries

On August 5, 2019, private equity firm Branford Castle Partners and mezzanine finance firm Brookside Capital Partners acquired manufacturer ABC Industries from CID Capital and Barings Private Equity

Acquisition Highlights
  • This is Branford Castle Partners’ 1st and Brookside Capital Partners’ 1st transaction in the Manufacturing sector.
  • This is Branford Castle Partners’ 10th and Brookside Capital Partners’ 38th transaction in the United States.
  • This is Branford Castle Partners’ 1st and Brookside Capital Partners’ 1st transaction in Indiana.

M&A Deal Summary
Date 2019-08-05
Target ABC Industries
Sector Manufacturing
Buyer(s) Branford Castle Partners
Brookside Capital Partners
Sellers(s) CID Capital
Barings Private Equity
Deal Type Secondary Buyout

Target

ABC Industries

Winona Lake, Indiana, United States
ABC Industries is a fully integrated and diversified manufacturer of industrial and mining ventilation products. ABC Industries was founded in 1926 and is based in Winona Lake, Indiana.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer

Branford Castle Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Branford Castle is a private investment firm that seeks investments in traditional companies with stable cash flows. Branford Castle prefers investing in 'old economy' businesses valued up to $100 million. Brandford will consider public or private companies, but the Firm will not invest in bankrupt, turnaround, or distressed situations. Sectors of interest include manufacturing, commercial distribution, services, consumer products, publishing, restaurants, and infrastructure. Branford Castle was formed in 1986 and is based in New York City.

DEAL STATS #
Overall 11 of 20
Sector (Manufacturing) 1 of 6
Type (Secondary Buyout) 3 of 6
State (Indiana) 1 of 2
Country (United States) 10 of 19
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-12 CMP Group

Delta, British Columbia, Canada

CMP Group is a manufacturer and distributor of branded products serving the recreational marine, commercial marine, and industrial markets. CMP Group is based in Delta, British Columbia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-13 Sunless

Macedonia, Ohio, United States

Sunless is a manufacturer of spray tanning booths, innovative airbrush equipment, proprietary solutions, and professional-grade retail products for the sunless tanning segment of the indoor tanning industry. Sunless is based in Macedonia, Ohio.

Buy -
Buyer

Brookside Capital Partners

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Brookside Capital Partners is an investment management firm focused on stable lower-middle market companies in the US. The Firm typically commits $5 to $30 million per transaction to support buyouts, leveraged recapitalizations, strategic acquisitions and growth. Potential businesses generally have revenue greater than $15 million, and EBITDA of at least $4 million. Industries of interest include business services, consumer, distribution, healthcare, manufacturing, and transportation and logistics. Brookside Capital Partners was established in 2001 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 38 of 65
Sector (Manufacturing) 1 of 4
Type (Secondary Buyout) 13 of 16
State (Indiana) 1 of 2
Country (United States) 38 of 65
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-24 IntraLogic Solutions

Massapequa, New York, United States

IntraLogic Solutions provides cutting-edge and user-friendly security solutions to businesses, municipalities, government agencies, and school districts. IntraLogic Solutions' fully integrated security solution ties together video surveillance, access control, intrusion detection, fire and burglar alarms, visitor authentication, and management capabilities into a single common operating platform that is instantly shared between onsite personnel and first responders. IntraLogic Solutions is based in Massapequa, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-07 Fleetwood Fixtures

Leesport, Pennsylvania, United States

Fleetwood Fixtures is a provider of retail display systems and related program management services. Fleetwood Fixtures was founded in 1970 and is based in Leesport, Pennsylvania.

Sell -

Seller(S) 2

SELLER

CID Capital

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CID Capital is a private investment firm that makes both venture capital and private equity investments. CID's private equity practice invests $10 to $15 million of equity capital in lower middle-market companies with $10 to $100 million of revenue and at least $3 million of cash-flow. Funds are generally used to support divestitures, management buyouts, leveraged buyouts, shareholder liquidity, recapitalization, and growth financing. Areas of interest include industrial products and services, general distribution, safety and security products, branded consumer products, medical products and services, building products, and food manufacturing. The Firm prefers investments located within the US. CID Capital was formed in 1981 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 19 of 25
Sector (Manufacturing) 3 of 5
Type (Secondary Buyout) 9 of 11
State (Indiana) 8 of 8
Country (United States) 19 of 25
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-06 Extra Mile Brands

Reedsville, Pennsylvania, United States

Extra Mile Brands is a manufacturer, distributor, and e-tailer of aftermarket restoration and performance products for Chevrolet Corvettes and Ford Mustangs. Extra Mile Brands is based in Reedsville, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-02 Seaga

Freeport, Illinois, United States

Seaga is a manufacturer of Food & Beverage, Industrial, and Water vending solutions. Seaga pairs its high-quality, customized solutions with a rapid prototyping and turnaround process to meet each customer's delivery demands. Seaga was founded in 1987 and is based in Freeport, Illinois.

Buy -
SELLER

Barings Private Equity

Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 5.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Barings Private Equity is the private equity arm of global asset management firm Barings. The Group looks to invest in mezzanine, distressed, and other private equity transactions including secondaries and funds. Sectors of interest include manufacturing, business services, distribution, consumer products, consumer services, food products, packaging, and healthcare. Barings Private Equity was originally established in 1991 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 28 of 37
Sector (Manufacturing) 2 of 3
Type (Secondary Buyout) 8 of 10
State (Indiana) 1 of 1
Country (United States) 26 of 33
Year (2019) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 RANDYS

Everett, Washington, United States

RANDYS is an automotive aftermarket provider of highly engineered components under the Yukon and USA Standard brands. The company's main product categories include differentials, ring & pinion, and axle products that are generally used to improve the towing and/or traction performance of a vehicle. RANDYS was founded in 1982 and is based in Everett, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-27 Siblu

Pessac, France

Siblu is an owner-occupied holiday park operator, offering facilities and services in 22 award-winning destinations in France and the Netherlands, comprising approximately 12,000 pitches. Siblu was founded in 1975 and is based in Pessac, France.

Sell -
Mergr

Product

Company

Legal