M&A Deal Summary

Brass Ring Capital Acquires Summit Drilling

On April 1, 2021, private equity firm Brass Ring Capital acquired environmental company Summit Drilling

Acquisition Highlights
  • This is Brass Ring Capital’s 1st transaction in the Environmental sector.
  • This is Brass Ring Capital’s 12th transaction in the United States.
  • This is Brass Ring Capital’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2021-04-01
Target Summit Drilling
Sector Environmental
Buyer(s) Brass Ring Capital
Deal Type Recapitalization

Target

Summit Drilling

Bridgewater, New Jersey, United States
Summit Drilling is a provider of subsurface environmental investigation and remediation services. Summit Drilling was founded in 1986 and is based in Bridgewater, New Jersey.

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Buyer(S) 1

Buyer

Brass Ring Capital

Minnetonka, Minnesota, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Brass Ring Capital is a private investment firm focused on small company investments in the upper Midwest US. Brass Ring looks for profitable companies generating revenues of $5 to $50 million and EBITDA of $1 to $5 million. Sectors of interest include business services and manufacturing. Brass Ring's investment horizon is between four and five years. Brass Ring will not invest in companies requiring major restructuring or investment in technology. Brass Ring Capital is based in Minnetonka, Minnesota.


DEAL STATS #
Overall 12 of 16
Sector (Environmental) 1 of 2
Type (Recapitalization) 8 of 11
State (New Jersey) 1 of 1
Country (United States) 12 of 16
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 RIE Coatings

Eden Valley, Minnesota, United States

RIE Coatings applies coatings for protection and performance to a variety of surfaces and substrates including carbon steel, stainless steel, zinc plating, aluminum, composites, plastics, rubber, copper, brass, and other ferrous and non-ferrous metals. RIE Coatings was founded in 1987 and is based in Eden Valley, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 Elenco

Wheeling, Illinois, United States

Elenco is a specialty manufacturer of educational toys and kits. Elenco was founded in 1972 and is based in Wheeling, Illinois.

Buy -