M&A Deal Summary

Broadview Group Holdings and Hunters Gate Holdings Acquire Coffman Stair Parts

On January 31, 2023, growth capital firm Broadview Group Holdings and private equity firm Hunters Gate Holdings acquired building materials company Coffman Stair Parts from Prophet Equity

Acquisition Highlights
  • This is Broadview Group Holdings’ 1st and Hunters Gate Holdings’ 1st transaction in the Building Materials sector.
  • This is Broadview Group Holdings’ 3rd and Hunters Gate Holdings’ 2nd transaction in the United States.
  • This is Broadview Group Holdings’ 1st and Hunters Gate Holdings’ 1st transaction in Texas.

M&A Deal Summary
Date 2023-01-31
Target Coffman Stair Parts
Sector Building Materials
Buyer(s) Broadview Group Holdings
Hunters Gate Holdings
Sellers(s) Prophet Equity
Deal Type Secondary Buyout

Target

Coffman Stair Parts

Plano, Texas, United States
Coffman Stair Parts is a provider in the residential stair parts industry within the United States. Coffman Stair Parts is a one-stop-shop for residential, interior, and open stairway construction. Coffman Stair Parts was founded in 1874 and is based in Plano. Texas.

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Buyer(S) 2

Buyer

Broadview Group Holdings

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2020
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 3 of 3
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Texas) 1 of 1
Country (United States) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-25 Certified Recycling

Anaheim, California, United States

Certified Recycling is a provider of recycling and waste solutions services. Certified Recycling offers waste reduction services to over 1,000 customers in a variety of industries with our core focus being to provide significant cost savings to our clients while helping them achieve their environmental goals and stay in compliance with local, state, and federal mandates for their waste programs. Certified Recycling was established in 1977 and is based in Anaheim, California.

Buy -
Buyer

Hunters Gate Holdings

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

Hunters Gate Holdings is a private holding company that looks to acquire and invest in lower middle-market companies in the industrial, energy, consumer, retail, and business services sectors. The Firm targets businesses located in the Southeastern US and Texas with EBIT of $1 to $10 million. As a private holding company, Hunters Gate looks to offer an alternative to strategic buyers and traditional private equity firms as it does not integrate companies into its operations or reduce headcount to generate synergies. Hunters Gate Holdings is headquartered in Atlanta, Georgia.

DEAL STATS #
Overall 2 of 3
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Texas) 1 of 1
Country (United States) 2 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-07 Lofa Industries

Roswell, Georgia, United States

Lofa Industries designs manufacture and distribute control panels, wiring harnesses, sensors, and telemetry for engine-driven off-highway equipment, including pumps, air compressors, chippers, materials processors, drillers, and generators. Lofa Industries was founded in 1989 and is based in Roswell, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-02 RetailOne

Dallas, Georgia, United States

RetailOne is a designer and manufacturer of interior millwork, fixtures, and graphics for retail locations. The company helps clients translate their brands into strong customer experiences that result in better performance. RetailOne is based in Dallas, Georgia.

Buy -

Seller(S) 1

SELLER

Prophet Equity

Southlake, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prophet Equity is a private investment group focused on partnering with owners and management to acquire and build companies. The Firm targets the lower middle-market, and generally pursues businesses with significant value creation potential, such as those found in partnerships, corporate carve-outs, divestitures and non-strategic businesses of larger companies. Prospective companies typically have revenue up to $500 million and are valued between $10 and $250 million. Sectors of interest include automotive, transportation, consumer products, aerospace/defense, distribution, financial services, healthcare, manufacturing, technology, and natural resources. Prophet Equity was founded in 2007 and is based in Southlake, Texas.

DEAL STATS #
Overall 7 of 8
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Texas) 3 of 3
Country (United States) 7 of 8
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-14 Ace Asphalt of Arizona

Phoenix, Arizona, United States

Ace Asphalt of Arizona, Inc. provides parking lot engineering, construction, and maintenance services to commercial, industrial, and institutional real estate owners and property managers. The Company’s services are provided through two operating departments: maintenance and engineering/construction. Ace Asphalt was established in 1966 and is based in Phoenix, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Groff Tractor & Equipment

Mechanicsburg, Pennsylvania, United States

Groff Tractor & Equipment is a heavy equipment specialist serving construction end-markets with flexible mix of parts, service, rentals and sales. Groff has 11 locations that serve Pennsylvania, Maryland, New Jersey, Ohio, Virginia and West Virginia with OEM partnerships that include CASE Construction, Wirtgen America, Terramac, Rubble Master, Liebherr, Terex, Takeuchi, Sakai, Wacker, and Atlas Copco. Groff Tractor & Equipment was founded in 1958 and is based in Mechanicsburg, Pennsylvania.

Sell -
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