M&A Deal Summary

Mendota Group and Capital For Business Acquire Behrens Manufacturing

On October 1, 2005, private equity firms Mendota Group and Capital For Business acquired manufacturer Behrens Manufacturing for 18M USD

Acquisition Highlights
  • This is Mendota Group’s 1st and Capital For Business’ 1st transaction in the Manufacturing sector.
  • This is Mendota Group’s and Capital For Business’ largest (disclosed) transaction.
  • This is Mendota Group’s 1st and Capital For Business’ 4th transaction in the United States.
  • This is Mendota Group’s 1st and Capital For Business’ 1st transaction in Minnesota.
Investment Fate
  • Behrens Manufacturing was sold to a consortium of financial buyers in 2013 for 18M USD.
  • Behrens Manufacturing was sold to a consortium of financial buyers in 2016.

M&A Deal Summary

Date 2005-10-01
Target Behrens Manufacturing
Sector Manufacturing
Buyer(s) Mendota Group
Capital For Business
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 18M USD

Target

Behrens Manufacturing

Winona, Minnesota, United States
Behrens Manufacturing is a manufacturer and distributor of galvanized and metalware products that are sold primarily in home improvement, automotive, and hardware stores. Products produced by the company include a variety of galvanized steel products such as pails, garbage cans, utility tubs, planters, and funnels as well as other products for the promotional and advertising premium markets. Behrens Manufacturing was founded in 1911 and is based in Winona, Minnesota.

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Buyer(S) 2

Buyer

Mendota Group

Madison, Wisconsin, United States

Category Private Equity Firm
Founded 2000
Size Small
Type Sector Focused
DESCRIPTION

The Mendota Group is a private investment firm that targets Midwest US-based investments in low to medium technology manufacturing, distribution, and service-related companies. Prospective acquisitions are either privately owned or subsidiaries/divisions of publicly owned companies. Mendota typically seeks businesses with revenues between $5 and $20 million and valued less then $20 million. The Mendota Group is based in Madison, Wisconsin.


DEAL STATS #
Overall 1 of 11
Sector (Manufacturing) 1 of 4
Type (Buyout (LBO, MBO, MBI)) 1 of 9
State (Minnesota) 1 of 3
Country (United States) 1 of 11
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 Preston Eastin

Tulsa, Oklahoma, United States

Preston Eastin designs and manufactures a complete line of manual, electric, and robotic welding positioners and manipulators. Customers range from small welding shops that use standard manual welding equipment to large industrial manufacturing operations that use sophisticated robotic welding equipment. A welding positioner can range in size from a small tabletop mount to large floor mount units that utilize I-beams for the frame, depending on the application. Preston Eastin was founded in 1972 and is based in Tulsa, Oklahoma.

Buy -
Buyer

Capital For Business

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1959
PE ASSETS 150M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Capital for Business (CFB) is a private investment firm focused on providing junior capital to growing lower middle-market companies with at least $8 million in sales. CFB targets businesses serving niche consumer, commercial, distribution, manufacturing, and service markets throughout the United States. Funds are typically used to support management buyouts, leveraged buyouts, recapitalizations, corporate divestitures, growth financings, and going-private transactions. CFB will not invest in start-ups, turnarounds, unproven technologies, biotech, real estate, and financial institutions. Capital for Business was founded in 1959 and is headquartered in St. Louis, Missouri.


DEAL STATS #
Overall 4 of 55
Sector (Manufacturing) 1 of 16
Type (Buyout (LBO, MBO, MBI)) 2 of 35
State (Minnesota) 1 of 4
Country (United States) 4 of 55
Year (2005) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 McNally Industries

Grantsburg, Wisconsin, United States

McNally Industries provides advanced design engineering, complex test and assembly, and precision machining and manufacturing for mission-critical applications, primarily supporting both new and legacy platforms for the aerospace & defense and midstream oil & gas markets. McNally Industries was founded in 1942 and is based in Grantsburg, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Digi-Star

Fort Atkinson, Wisconsin, United States

Digi-Star LLC is a manufacturer of weighing systems designed for agricultural equipment.

Buy -