M&A Deal Summary

Capital For Business and Mendota Group Acquire Preston Eastin

On May 1, 2008, private equity firms Capital For Business and Mendota Group acquired machinery company Preston Eastin

Acquisition Highlights
  • This is Capital For Business’ 1st and Mendota Group’s 1st transaction in the Machinery sector.
  • This is Capital For Business’ 10th and Mendota Group’s 2nd transaction in the United States.
  • This is Capital For Business’ 1st and Mendota Group’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2008-05-01
Target Preston Eastin
Sector Machinery
Buyer(s) Capital For Business
Mendota Group
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 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 10 of 55
Sector (Machinery) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 6 of 35
State (Oklahoma) 1 of 1
Country (United States) 10 of 55
Year (2008) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Wayne Trademark

Asheboro, North Carolina, United States

Wayne Trademark is a regional manufacturer of labels, tags, cartons, and specialty commercial printed products. Wayne Trademark specializes in packaging materials whose primary products are pressure-sensitive labels and specialty commercial printed products. Wayne Trademark was founded in 1938 and is based in Asheboro, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-27 Kieffer

Sheboygan, Wisconsin, United States

Kieffer is a full-service provider of innovative and high quality signs and related services. Kieffer is based in Sheboygan, Wisconsin.

Buy -
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 2 of 11
Sector (Machinery) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 9
State (Oklahoma) 1 of 1
Country (United States) 2 of 11
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-01 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.

Buy $18M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-10 Spectrum Products

Missoula, Montana, United States

Spectrum Products LLC is a manufacturer and distributor of pool equipment and supplies sold under the Spectrum Aquatics brand name. Spectrum’s primary focus is on providing equipment to enhance the access by the handicapped and elderly to swimming pools and spas. Spectrum also is a leader in the manufacturer of custom decking equipment used in commercial pools. Products manufactured include: Swim-Lift handicap lifts, therapy tanks, dive stands, competitive starting platforms, lifeguard chairs, hand railings and ladders.

Sell -
Mergr

Product

Company

Legal