Buyout (LBO, MBO, MBI) • Manufacturing

Brookstone Partners Acquires Virginia Abrasives

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date February 4, 2020
Target Virginia Abrasives
Sector Manufacturing
Buyer(s) Brookstone Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Virginia Abrasives

Petersburg, Virginia, United States
Virginia Abrasives 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. Virginia Abrasives is based in Petersburg, Virginia.
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Buyer Overview 1

Buyer

Brookstone Partners

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
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 2003 and is based in New York, New York.


Deal Context for Buyer #
Overall 8 of 8
Sector: Manufacturing 1 of 1
Type: Buyout (LBO, MBO, MBI) 4 of 4
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 Soluna

Albany, New York, United States

Soluna designs, develops, and operates digital infrastructure that transforms surplus renewable energy into global computing resources. Soluna’s pioneering data centers are strategically co-located with wind, solar, or hydroelectric power plants to support high-performance computing applications, including Bitcoin Mining, Generative AI, and other compute-intensive applications. Soluna was founded in 1961 and is headquartered in Albany, New York.

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