M&A Deal Summary

Bunzl Acquires M.L. Kishigo Manufacturing

On April 4, 2017, Bunzl acquired apparel/textiles company M.L. Kishigo Manufacturing from Solis Capital Partners

Acquisition Highlights
  • This is Bunzl’s 8th transaction in the Apparel/Textiles sector.
  • This is Bunzl’s 20th transaction in the United States.
  • This is Bunzl’s 7th transaction in California.

M&A Deal Summary

Date 2017-04-04
Target M.L. Kishigo Manufacturing
Sector Apparel/Textiles
Buyer(s) Bunzl
Sellers(s) Solis Capital Partners
Deal Type Add-on Acquisition

Target

M.L. Kishigo Manufacturing

Santa Ana, California, United States
M.L. Kishigo Manufacturing Co. is engaged in the sale of high visibility clothing and other safety related workwear to distributors throughout the US. M.L. Kishigo Manufacturing Company was founded in 1973 and is based in Santa Ana, California.

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Buyer(S) 1

Buyer

Bunzl

London, United Kingdom

Category Company
Founded 1854
Sector Distribution
Employees24,528
Revenue 11.8B GBP (2023)
DESCRIPTION

Bunzl is a distribution and outsourcing group with operations across the Americas, Europe, Asia Pacific, and UK & Ireland. It supports businesses all over the world with a variety of products that are essential for our customers in the successful operation of their businesses. Bunzl was founded in 1854 and is based in London, England.


DEAL STATS #
Overall 98 of 128
Sector (Apparel/Textiles) 8 of 9
Type (Add-on Acquisition) 86 of 115
State (California) 7 of 7
Country (United States) 20 of 25
Year (2017) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-04 Neri

Corte Tegge di Cavriago, Italy

Neri S.p.A. supply a broad range of personal protection equipment, including gloves, footwear and workwear, to both distributors and end users throughout Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-28 Tecnopacking S.L.

Castellón de la Plana, Spain

Tecnopacking S.L. is a distributor of industrial and disposable packaging products to end users operating in a variety of different sectors. Tecnopacking S.L. was founded in 1989 and is headquartered in Castellón de la Plana, Spain.

Buy -

Seller(S) 1

SELLER

Solis Capital Partners

Newport Beach, California, United States

Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 113M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Solis Capital Partners is a private equity firm focused on investing in lower middle-market companies operating in business services, software and related technology, and consumer services. Solis Capital looks to invest $5 to $25 million for majority positions in businesses generating sales of $5 to $100 million. Target companies are typically cash-flow positive and have high barriers to entry. The firm's investment horizon is four to six years. Solis Capital Partners was formed in 2002 and is based in Newport Beach, California with an additional office in San Diego.


DEAL STATS #
Overall 5 of 7
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (California) 3 of 5
Country (United States) 3 of 5
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-24 Icom North America

New Hudson, Michigan, United States

Icom North America is a manufacturer, assembles, and distributes the patented Icom JTG Liquid Injection Propane vehicle system and additional patented Icom Propane products-featuring the unique Icom Torodial Tank-for the North American market and selected markets worldwide. Icom North America was formed in 2004 and is based in New Hudson, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-24 Resolve Systems

Irvine, California, United States

Resolve Systems is an IT process automation software company that places human ingenuity at the forefront of workplace advancement. Resolve evolved significantly from its ITPA origins into the leading incident response and resolution software platform supporting the network, IT and security operations environments of leading Fortune 500 enterprises throughout the world. Resolve Systems was founded in 2000 and is based in Irvine, California.

Sell -