M&A Deal Summary

Brookstone Partners Acquires Virginia Abrasives

On February 4, 2020, private equity firm Brookstone Partners acquired manufacturer Virginia Abrasives

Acquisition Highlights
  • This is Brookstone Partners’ 1st transaction in the Manufacturing sector.
  • This is Brookstone Partners’ 8th transaction in the United States.
  • This is Brookstone Partners’ 1st transaction in Virginia.

M&A Deal Summary
Date 2020-02-04
Target Virginia Abrasives
Sector Manufacturing
Buyer(s) Brookstone Partners
Deal Type Add-on Acquisition

Target

Virginia Abrasives

Petersburg, Virginia, United States
Abrasives Corporation manufactures and distributes abrasives products for the wood flooring and concrete preparation business. The company’s product offerings include sandpaper, diamond and bonded abrasives and non-woven abrasives. The company sells its manufactured products under both the VAC brand and under private label for its larger customers.

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Buyer(S) 1

Buyer

Brookstone Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Brookstone Partners is a private equity firm focused on buyouts, recapitalizations, and growth capital financings of small to mid-sized North American companies. Brookstone looks to partner with management teams when evaluating companies and seeks profitable businesses where it can commit $5 to $25 million. Areas of interest include aerospace, building materials, healthcare, medical, packaging, and plastics. Brookstone Partners was formed in 2002 and is based in New York City.

DEAL STATS #
Overall 8 of 8
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 8 of 8
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-24 Mechanical Technology

Albany, New York, United States

Mechanical Technology designs, manufactures and sells precision test and measurement sensors, instruments and systems that provide solutions for linear displacement, vibration measurement and system balancing and tensile measurements in markets that require the exacting measurement and control of products and processes for automated manufacturing, assembly and consistent operation of complex machinery.

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