M&A Deal Summary

Branford Castle Partners and Brookside Capital Partners Acquire Lafayette Instrument

On April 7, 2021, private equity firm Branford Castle Partners and mezzanine finance firm Brookside Capital Partners acquired manufacturer Lafayette Instrument

Acquisition Highlights
  • This is Branford Castle Partners’ 4th and Brookside Capital Partners’ 3rd transaction in the Manufacturing sector.
  • This is Branford Castle Partners’ 14th and Brookside Capital Partners’ 43rd transaction in the United States.
  • This is Branford Castle Partners’ 2nd and Brookside Capital Partners’ 2nd transaction in Indiana.

M&A Deal Summary
Date 2021-04-07
Target Lafayette Instrument
Sector Manufacturing
Buyer(s) Branford Castle Partners
Brookside Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Dinan & Company LLC (Dinan Capital Advisors) (Financial)

Target

Lafayette Instrument

Lafayette, Indiana, United States
Lafayette Instrument is a manufacturer of scientific instruments, including their polygraph systems, as well as a suite of proprietary neuroscience equipment. The Company sells its polygraph products to most federal law enforcement and government security agencies, as well as to state and local law enforcement agencies. Lafayette Instrument was formed in 1947 and is based in Lafayette, Indiana.

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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 15 of 20
Sector (Manufacturing) 4 of 6
Type (Buyout (LBO, MBO, MBI)) 6 of 6
State (Indiana) 2 of 2
Country (United States) 14 of 19
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-09 Drew Foam

Monticello, Arkansas, United States

Drew Foam is a provider of custom-fabricated expanded polystyrene foam ("EPS") products serving the packaging, building products, and consumer end-markets, primarily in the Southeastern United States. Drew Foam was founded in 1965 and is based in Monticello, Arkansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 Pulse Vet

Roswell, Georgia, United States

PulseVet is a developer and marketer of non-invasive medical devices for the veterinary market. Pulse Veterinary's principal technology is the VersaTron® family of products for the management of a variety of musculoskeletal disorders causing chronic pain and lameness in animals. PulseVet was founded in 2009 and is based in Roswell, Georgia.

Sell -
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 43 of 65
Sector (Manufacturing) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 12 of 15
State (Indiana) 2 of 2
Country (United States) 43 of 65
Year (2021) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-14 Taos

San Jose, California, United States

Taos is a multi-cloud consulting and managed services firm. The company brings years of experience with leading brands across technology, financial services, healthcare, retail, transportation and education. A leading adopter of public cloud technologies, Taos has forged strong partnerships with Amazon Web Services, Google Cloud Platform, and Microsoft Azure to deliver data center migration, platform engineering and hybrid cloud managed services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-21 South Bay Home Health Care

Torrance, California, United States

South Bay is a regional supplier of durable and disposable medical equipment. The Company operates in three complementary business segments: Direct-To-Patient Supplies (including urology catheter, incontinence, and other supplies), complex rehab technology equipment (including wheelchairs, scooters, adaptive seating systems, alternative positioning systems, and other accessories), and a retail showroom. South Bay Home Health Care was founded in 1984 and is based in Torrance, California.

Buy -
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