M&A Deal Summary

Capital Concepts Holdings Acquires QCC

On April 29, 2021, private equity firm Capital Concepts Holdings acquired manufacturer QCC from Aldine Capital Partners, First Capital Partners and Promus Equity Partners

Acquisition Highlights
  • This is Capital Concepts Holdings’ 1st transaction in the Manufacturing sector.
  • This is Capital Concepts Holdings’ 1st transaction in the United States.
  • This is Capital Concepts Holdings’ 1st transaction in Illinois.

M&A Deal Summary

Date 2021-04-29
Target QCC
Sector Manufacturing
Buyer(s) Capital Concepts Holdings
Sellers(s) Aldine Capital Partners
First Capital Partners
Promus Equity Partners
Deal Type Secondary Buyout

Target

QCC

Harwood Heights, Illinois, United States
QCC is a manufacturing services provider specializing in the manufacture, assembly, and testing of complete products and assemblies, as well as precision-machined components for aerospace, diesel fuel systems, medical, defense, and fluid power applications. QCC was founded in 1951 and is based in Harwood Heights, Illinois.

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Buyer(S) 1

DESCRIPTION

Capital Concepts Holdings is a private equity fund focused on family and entrepreneur-owned businesses. Capital Concepts will consider a variety of middle-market investment situations including expansion and growth financings, recapitalizations, and management buyouts. Capital Concepts targets companies with revenues between $1 and $20 million, and valued up to $25 million per transaction. Areas of interest include industrial manufacturing and supply, technology and data management, income producing real estate, and a variety of service industries. Capital Concepts Holdings was founded in 1998 and is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 3

SELLER

Aldine Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Aldine Capital Partners is a mezzanine investment firm that provides mezzanine and junior capital financing to lower middle-market companies generating sales of at least $10 million and at least $2 million in EBITDA. Aldine invests in the range of $4 to $25 million per transaction. Types of transactions include management buyouts, acquisition financings, shareholder liquidity events, recapitalizations, and growth financings of smaller middle-market companies. Aldine will consider investments across the United States, but has a primary focus on opportunities in the Midwest. The Firm will not consider investments in start-ups, turnarounds, real estate, insurance, banking, and oil/gas. Aldine Capital was formed in 2005 and is based in Chicago, Illinois.


DEAL STATS #
Overall 19 of 24
Sector (Manufacturing) 2 of 2
Type (Secondary Buyout) 6 of 9
State (Illinois) 6 of 6
Country (United States) 19 of 24
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-14 Accredited Home Elevator

Barnegat, New Jersey, United States

Accredited Home Elevator is a manufacturer, installer, and provider of maintenance services for home elevators. Accredited serves homebuilders, architects, contractors and homeowners along the East Coast. Accredited Home Elevator was founded in 2000 and is based in Barnegat, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 New Age Medical

Chesterfield, Missouri, United States

New Age Medical is a value-add distributor of spinal implant and orthopedic products to ambulatory surgery centers, hospitals, and hospital systems throughout the Midwest. New Age Medical was founded in 2012 and is based in Chesterfield, Missouri.

Buy -
SELLER

First Capital Partners

Omaha, Nebraska, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2006
PE ASSETS 241M USD
Size Small
Type Sector Agnostic
DESCRIPTION

First Capital Partners is an Omaha, Nebraska-based private investment firm that provides equity and subordinated debt financing to lower middle-market companies. First targets businesses with revenues of $10 to $100 million and EBITDA up to $10 million. Investments are generally used to fund management buyouts, growth capital financings, recapitalizations, divestitures, and generational transfers of ownership. Broad areas of interest include manufacturing, business services, and value-added distribution. First Capital will not invest in startups, early stage companies, high technology, real estate, or retail. First Capital Partners is based in US.


DEAL STATS #
Overall 11 of 15
Sector (Manufacturing) 3 of 3
Type (Secondary Buyout) 3 of 5
State (Illinois) 2 of 2
Country (United States) 11 of 15
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-15 Advantage Engineers

Columbia, Maryland, United States

Advantage Engineers LLC specialized in telecommunications, environmental and geotechnical engineering and consulting services for various end markets. Services offered include, but are not limited to, telecom site acquisition and engineering, laboratory and material testing, design and construction phase investigations and site assessments. Advantage Engineers was founded in 2001 and is based in Mechanicsburg, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Jensen s Plumbing & Heating

Woodstock, Illinois, United States

Jensen's Plumbing & Heating is an HVAC and plumbing contractor and service provider. Jensen's plumbing services include everything from sanitary sewer system and water main installation to include drain clog repair, water heater and boiler services, and emergency commercial repair, among other things. Jensen's Plumbing & Heating is based in Woodstock, Illinois.

Buy -
SELLER

Promus Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Promus Equity Partners is a private investment firm affiliated with Promus Holdings, a multi-family office. Promus looks to fund buyouts, management buyouts, and recapitalizations as well as growth equity financings and strategic add-ons for existing portfolio companies. Sectors of interest include consumer products, food, beverages, industrial products, specialty materials, distribution, and business services. Target platform companies generally have up to $15 million of EBITDA. Promus Equity Partners was founded in 2011 and is based in Chicago, Illinois.


DEAL STATS #
Overall 5 of 7
Sector (Manufacturing) 1 of 1
Type (Secondary Buyout) 4 of 6
State (Illinois) 1 of 1
Country (United States) 5 of 7
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Better Butter

Salt Lake, Utah, United States

Better Butter produces butter, whole-food ingredients, rich, creamy, and flavorful. Better Butter Salt Lake, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Caputo Cheese

Melrose Park, Illinois, United States

Caputo Cheese is a manufacturer of the dairy products, crafts, processes, and blends high-quality cheeses. Caputo Cheese was founded year 1978 and is based in Melrose Park, Illinois.

Buy -