M&A Deal Summary |
|
|---|---|
| Date | 2014-09-15 |
| Target | Tropitone Furniture |
| Sector | Furniture |
| Buyer(s) | Brown Jordan |
| Sellers(s) |
Pfingsten Partners
HarbourVest Partners |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Intrepid Investment Bankers LLC (Financial) Paul Hastings (Legal) |
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| Category | Company |
|---|---|
| Founded | 1994 |
| Sector | Furniture |
| Employees | 1,460 |
Brown Jordan is a designer, manufacturer and marketer of quality home furnishings and contract furnishings, selling a full range of products. Brown Jordan International offers innovative designs, superior quality, efficient production methods and a strong portfolio of recognized brands including Brown Jordan, Winston, Casual Living Worldwide, Charter, Tropitone and Texacraft. Brown Jordan is based in St. Augustine, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 3 |
| Sector (Furniture) | 1 of 2 |
| Type (Add-on Acquisition) | 1 of 2 |
| State (California) | 1 of 1 |
| Country (United States) | 1 of 3 |
| Year (2014) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-21 |
Castelle Furniture
Fort Lauderdale, Florida, United States Castelle Furniture is a manufacturer and marketer of high-quality, artisan-influenced aluminum outdoor furniture. Castelle Furniture is based in Fort Lauderdale, Florida. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 1.3B USD |
| Size | Large |
| Type | Sector Agnostic |
Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 20 of 40 |
| Sector (Furniture) | 1 of 1 |
| Type (Add-on Acquisition) | 10 of 16 |
| State (California) | 1 of 2 |
| Country (United States) | 20 of 40 |
| Year (2014) | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-05-29 |
ZSi-Foster
Canton, Michigan, United States ZSi-Foster is a producer of quick detachable couplers, hose fittings, blowguns, and related accessories for use with various gasses and liquids. The most common applications for our products are for compressed air, hydraulic oil, and water. ZSi-Foster was established in 1979 and is based in Canton, Michigan. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-01-08 |
Burton Mill Solutions
Woodland, Washington, United States Burton Mill Solutions is a manufacturer and distributor of consumable products and equipment to saw mills and wood product manufacturers. Burton Mill Solutions was established in 1903 and is based in Springfield, Oregon. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 86.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.
| DEAL STATS | # |
|---|---|
| Overall | 52 of 132 |
| Sector (Furniture) | 1 of 1 |
| Type (Add-on Acquisition) | 18 of 57 |
| State (California) | 5 of 9 |
| Country (United States) | 31 of 83 |
| Year (2014) | 8 of 14 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-08-13 |
SEPATON
Marlborough, Massachusetts, United States SEPATON is changing the rules of data protection with innovative virtual tape library (VTL) products that deliver the speed, scalability and simplicity of disk-based backup for less than the cost of physical tape. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-10-01 |
Wayfair
Boston, Massachusetts, United States Wayfair is an online home goods retailers focused on hard-line specialty categories, such as furniture, home improvement, housewares and office. Wayfair was established in 2002 and is based in Boston, Massachusetts. |
Sell | - |
