M&A Deal Summary

Calvert Street Capital Partners Acquires TechPro Power Group

On August 28, 2017, private equity firm Calvert Street Capital Partners acquired test/measurement equipment company TechPro Power Group

Acquisition Highlights
  • This is Calvert Street Capital Partners’ 3rd transaction in the Test/Measurement Equipment sector.
  • This is Calvert Street Capital Partners’ 14th transaction in the United States.
  • This is Calvert Street Capital Partners’ 4th transaction in Texas.

M&A Deal Summary
Date 2017-08-28
Target TechPro Power Group
Sector Test/Measurement Equipment
Buyer(s) Calvert Street Capital Partners
Deal Type Recapitalization

Target

TechPro Power Group

Fort Worth, Texas, United States
TechPro Power Group, through its subsidiaries TDS and Potomac, is a provider of electrical, instrumentation and controls testing and NETA-certified electrical testing and power quality surveys to the power, utility, refining, datacenter, institutional and commercial markets.

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Buyer(S) 1

Buyer

Calvert Street Capital Partners

Lutherville, Maryland, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 526M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Calvert Street Capital Partners (CSCP) is a private equity firm that invests in mid-sized companies. CSCP will consider opportunities across the US with a preference for opportunities located in the Eastern US. The Firm generally targets investments in scalable niche manufacturing, industrial, and business service companies. CSCP looks to invest $15 to $50 million per transaction. CSCP will not invest in start-ups, early stage venture capital, real estate or in companies that develop rapidly changing technology. Calvert Street Capital Partners was formed in 1995 and is based in Baltimore, Maryland.

DEAL STATS #
Overall 14 of 21
Sector (Test/Measurement Equipment) 3 of 3
Type (Recapitalization) 3 of 5
State (Texas) 4 of 4
Country (United States) 14 of 20
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-02 National Molding

Miami Lakes, Florida, United States

National Molding is a specialty manufacturer of small, intricate injection molded plastic components and fasteners for a diverse range of world class customers. NMC’s proprietary Hetero Cavity® System uses quick change modular, interchangeable tools which allow NMC to manufacture multiple, unrelated products within one production run and continually change and vary the mix based on customer demand. National Molding was founded in 1964 and is based in Miami Lakes, Florida.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-20 Group LMT

Longueuil, Quebec, Canada

Group LMT is a manufacturer of architectural steel doors and frames, as well as a value-added distributor of wood doors and hardware. LMT Group provides single-source building entry solutions to the non-residential construction industry in Northeastern Canada. Group LMT was founded in 1972 and is based in Longueuil, Quebec.

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