M&A Deal Summary |
|
|---|---|
| Date | 2024-02-20 |
| Target | Alpha Safety |
| Sector | Safety/Security |
| Buyer(s) | Cadre Holdings |
| Sellers(s) | Benford Capital Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 107M USD |
| Advisor(s) | Houlihan Lokey (Financial) DLA Piper (Legal) |
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| Category | Company |
|---|---|
| Founded | 1964 |
| Sector | Safety/Security |
| Employees | 2,435 |
| Revenue | 482M USD (2023) |
Cadre Holdings manufactures and distributes safety and survivability products for first responders. Cadre's equipment provides critical protection to allow users to safely and securely perform their duties and protect those around them in hazardous or life-threatening situations. The Company's core products include body armor, explosive ordnance disposal equipment, and duty gear. Our highly engineered products are utilized by domestic and international first responders in state and local law enforcement, fire and rescue, explosive ordnance disposal, emergency medical technicians, as well as numerous federal agencies and foreign government agencies in 104 countries. Cadre Holdings was founded in 1964 and is based in Jacksonville, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector (Safety/Security) | 2 of 2 |
| Type (Add-on Acquisition) | 3 of 3 |
| State (Colorado) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2024) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-12-22 |
ICOR Technology
Ottawa, Ontario, Canada ICOR Technology is a manufacturer and distributor of explosive ordnance disposal (“EOD”) robots and specialized protective security equipment for EOD and military organizations worldwide, including SWAT and Chemical, Biological, Radiological, Nuclear, and high-yield Explosives (CBRNE) teams. ICOR was founded in 2005 and is based in Ottawa, Ontario. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2004 |
| Size | Small |
| Type | Sector Agnostic |
Benford Capital Partners is a private equity investment firm focused on leveraged buyouts and recapitalizations of smaller, lower middle-market companies in the US and Canada. Benford targets niche manufacturers, unique service companies and specialty distributors with minimum sales of $3 million, and at least $1 million in EBITDA. Avoided industries/transactions include retail, restaurants, software, start-ups, real estate, commodity products, and biotech. Benford Capital Partners was formed in 2004 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 10 |
| Sector (Safety/Security) | 1 of 1 |
| Type (Add-on Acquisition) | 5 of 6 |
| State (Colorado) | 2 of 4 |
| Country (United States) | 8 of 10 |
| Year (2024) | 2 of 4 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-22 |
Saco Foods
Middleton, Wisconsin, United States Saco Foods is a packager and distributor of specialty consumer packaged goods food products. Saco’s primary products include Dolci Frutta, a chocolate hard-shell dessert dip for fruit, nuts, and other snacks, as well as powdered instant milk, powdered dry buttermilk, and baking cocoa sold under the Saco Pantry family of brands. Saco Foods was founded in 1973 and is based in Middleton, Wisconsin. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-04-03 |
R.M. Young
Traverse City, Michigan, United States R.M. Young is a manufacturer of precision meteorological instrumentation offering a portfolio of products used to measure wind speed and direction, temperature, humidity, precipitation, pressure, visibility, and other critical environmental parameters. The Company sells its products to a diverse set of customers in the U.S. and internationally. R.M. Young was formed in 1964 and is based in Traverse City, Michigan. |
Buy | - |
