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M&A Deal Summary

Capital For Business and Diamond State Ventures Acquire Custom Marketing

On November 1, 2009, private equity firm Capital For Business and growth capital firm Diamond State Ventures acquired agriculture company Custom Marketing

Acquisition Highlights
  • This is Capital For Business’ 1st and Diamond State Ventures’ 1st transaction in the Agriculture sector.
  • This is Capital For Business’ 14th and Diamond State Ventures’ 5th transaction in the United States.
  • This is Capital For Business’ 1st and Diamond State Ventures’ 1st transaction in North Dakota.

M&A Deal Summary
Date 2009-11-01
Target Custom Marketing
Sector Agriculture
Buyer(s) Capital For Business
Diamond State Ventures
Deal Type Buyout (LBO, MBO, MBI)

Target

Custom Marketing

West Fargo, North Dakota, United States
Custom Marketing is a provider of grain storage, drying, loading/unloading, bin monitoring, and handling equipment for the agriculture industry. CMC’s products appeal predominantly to the “on-farm” grain storage market; a market that allows farmers to deliver their crops to the market when it is most advantageous for them financially, as well as prevents farmers from being subjected to the common bottlenecks created by local grain elevators. Custom Marketing was founded in 1982 and is based in West Fargo, North Dakota.

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Buyer(S) 2

Buyer

Capital For Business

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1959
PE ASSETS 200M 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 $10 to $100 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 14 of 56
Sector: Agriculture M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 37
State: North Dakota M&A 1 of 1
Country: United States M&A 14 of 56
Year: 2009 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-01 Rock Energy Systems

Janesville, Wisconsin, United States

Rock Energy Systems offers waste oil furnaces and boilers, high volume low-speed fans, and energy-efficient portable radiant heaters to provide comfort to workers within various industrial settings. The company offers leading brands Clean Burn, Lanair, EnergyLogic and MacroAir. Its branded products are manufactured in its Janesville location and distributed worldwide. Rock Energy Systems was founded in 1976 and is based in Janesville, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-01 Central States Bus Sales

Fenton, Missouri, United States

Central States Bus Sales is a distributor for several manufacturers of buses and related equipment in Missouri, Illinois, Tennessee, Kentucky, Arkansas and Alabama. CSBS has a longstanding relationship with Blue Bird, a school bus manufacturer with gas, diesel, low- and zero-emission school buses fueled by propane and natural gas, and electric-powered (EV) buses. Central States Bus Sales is based in Fenton, Missouri.

Buy -
Buyer

Diamond State Ventures

Little Rock, Arkansas, United States

Investor

Category Growth Capital Firm
Founded 1999
PE ASSETS 125M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Diamond State Ventures (DSV) is a private equity and venture capital firm focused on small and lower middle-market company investments in Arkansas, as well as the Midwest and Southeast US. DSV looks to commit $1 to $5 million per investment, which can take the form of subordinated debt, preferred equity or a combination of the two. Prospective transaction situations include growth capital financings, management buyouts, family successions, recapitalizations, and early stage investments. Sectors of interest include niche manufacturing, business services, media, consumer products and services, education, healthcare, and technology. DSV will not invest in seed or startup companies. Diamond State Ventures is based in Little Rock.

DEAL STATS #
Overall 5 of 24
Sector: Agriculture M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 18
State: North Dakota M&A 1 of 1
Country: United States M&A 5 of 24
Year: 2009 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-15 Baskins Group

Irvine, California, United States

Baskin's is a regional department store retailer with 16 locations offering moderately priced, nationally recognized brand name apparel, boots, shoes, and other accessories such as Wrangler, Justin, Dr. Martin, Red Wing, Carhartt and Polo.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-01 Central States Bus Sales

Fenton, Missouri, United States

Central States Bus Sales is a distributor for several manufacturers of buses and related equipment in Missouri, Illinois, Tennessee, Kentucky, Arkansas and Alabama. CSBS has a longstanding relationship with Blue Bird, a school bus manufacturer with gas, diesel, low- and zero-emission school buses fueled by propane and natural gas, and electric-powered (EV) buses. Central States Bus Sales is based in Fenton, Missouri.

Buy -
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