M&A Deal Summary

Brightstar Capital Partners Acquires Novae

On December 15, 2021, private equity firm Brightstar Capital Partners acquired automotive company Novae

Acquisition Highlights
  • This is Brightstar Capital Partners’ 2nd transaction in the Automotive sector.
  • This is Brightstar Capital Partners’ 10th transaction in the United States.
  • This is Brightstar Capital Partners’ 2nd transaction in Indiana.

M&A Deal Summary

Date 2021-12-15
Target Novae
Sector Automotive
Buyer(s) Brightstar Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Fifth Third (Financial)
Faegre Drinker Biddle & Reath (Legal)

Target

Novae

Markle, Indiana, United States
Novae is a trailer manufacturer operating six distinct brands including Sure-Trac, H&H Trailers, CAM Superline, Trailerman, ITI Cargo and Midsota. Novae was founded in 1995 and is based in Markle, Indiana.

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Buyer(S) 1

Buyer
DESCRIPTION

Brightstar Capital Partners is a middle-market private equity firm focused on partnering with closely held and family-owned companies. Sectors of interest include business services, consumer products/services, and industrials. Brightstar Capital Partners was established in 2015 and is based in New York City.


DEAL STATS #
Overall 10 of 21
Sector: Automotive M&A 2 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 9
State: Indiana M&A 2 of 2
Country: United States M&A 10 of 20
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 XLerate Group

Carmel, Indiana, United States

XLerate Group is an auction and remarketing facilitation company facilitating transactions between buyers and sellers at its Internet-enabled physical and private label remote sales in California, Texas, Florida, South Carolina, Michigan, Wisconsin, Georgia, Illinois, and Pennsylvania. XLerate Group was founded in 2010 and is based in Carmel, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-27 WindsorONE

Petaluma, California, United States

WindsorONE is a manufacturer of craftsman primed wood trim boards, moldings, shiplap, and other fabricated wood products for interior and exterior applications. Its products primarily serve the consistent and rapidly growing repair and remodel market. Using proprietary protective technologies and patented primers, the Company manufactures 100 percent of its products in the U.S. through its facilities in Willits, CA and Surry, VA, and utilizes a vertically integrated model to source its raw materials. WindsorONE was founded in 1972 and is based in Petaluma, California.

Buy -