M&A Deal Summary

Capital For Business, Diamond State Ventures, Aavin Equity Advisors, Konza Valley Capital and MidStates Capital Acquire Transfer Tool Products

On August 1, 2015, private equity firm Capital For Business, growth capital firm Diamond State Ventures, private equity firm Aavin Equity Advisors, private equity firm Konza Valley Capital and private equity firm MidStates Capital acquired metals/mining company Transfer Tool Products

Acquisition Highlights
  • This is Capital For Business’ 3rd, Diamond State Ventures’ 1st, Aavin Equity Advisors’ 1st, Konza Valley Capital’s 1st and MidStates Capital’s 1st transaction in the Metals/Mining sector.
  • This is Capital For Business’ 29th, Diamond State Ventures’ 21st, Aavin Equity Advisors’ 8th, Konza Valley Capital’s 2nd and MidStates Capital’s 6th transaction in the United States.
  • This is Capital For Business’ 1st, Diamond State Ventures’ 1st, Aavin Equity Advisors’ 1st, Konza Valley Capital’s 1st and MidStates Capital’s 1st transaction in Michigan.

M&A Deal Summary

Date 2015-08-01
Target Transfer Tool Products
Sector Metals/Mining
Buyer(s) Capital For Business
Diamond State Ventures
Aavin Equity Advisors
Konza Valley Capital
MidStates Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Transfer Tool Products

Grand Haven, Michigan, United States
Transfer Tool Products is a manufacturer of complex deep-drawn metal components and assemblies, specializing in high-volume production of small custom parts in steel, stainless steel, brass, aluminum, and other metal alloys. Transfer Tool Products was founded in 1985 and is based in Grand Haven, Michigan.

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Buyer(S) 5

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 29 of 56
Sector: Metals/Mining M&A 3 of 6
Type: Buyout (LBO, MBO, MBI) M&A Deals 22 of 37
State: Michigan M&A 1 of 2
Country: United States M&A 29 of 56
Year: 2015 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 SoTel Systems

St. Louis, Missouri, United States

SoTel Systems specializes in the wholesale distribution of new and refurbished telephone, data services, and voice over internet protocol ('VOIP') communications equipment. SoTel Systems was founded in 1981 and is based in St. Louis, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-15 Brunk Plastic Services

Goshen, Indiana, United States

Brunk Plastic Services is a toll pulverizing, logistics and plastic distribution services company serving the Midwest with locations in Indiana and Minnesota. Brunk Plastic Services was founded in 1957 and is based in Goshen, Indiana.

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 21 of 24
Sector: Metals/Mining M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 15 of 18
State: Michigan M&A 1 of 1
Country: United States M&A 21 of 24
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 Rio Ranch Markets

Fontana, California, United States

Rio Ranch Markets is an operator of a Hispanic supermarket chain. Rio primarily serves the Hispanic community by replicating the open-air atmosphere of a traditional Latin American marketplace, providing freshly prepared foods, bakery, tortilleria and basic everyday grocery, meat, produce, household needs. Rio Ranch Markets was founded in 1983 and is based in Fontana, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-21 Verrex

Mountainside, New Jersey, United States

Verrex is a provider in designing, integrating, supporting, managing, and deploying audio-visual and unified communication systems and services that allow organizations to thrive within evolving workforces, environments, and work styles. Verrex was founded in 1947 and is based in Mountainside, New Jersey.

Buy -
Buyer

Aavin Equity Advisors

Cedar Rapids, Iowa, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 275M USD
Size Small
Type Sector Agnostic
DESCRIPTION

AAVIN Private Equity is a private investment firm that targets investments in smaller companies at all stages of development from early stage to later stage/buyouts. AAVIN typically looks for opportunities located in the Midwest and typically commits $1 to $5 million of capital per transaction. Sectors of interest include medical services & devices, telecommunications, manufacturing & distribution, industrial products & services and computer & software. AAVIN was formed in 1999 and is based in Cedar Rapids, Iowa.


DEAL STATS #
Overall 8 of 29
Sector: Metals/Mining M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 21
State: Michigan M&A 1 of 1
Country: United States M&A 8 of 29
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 Celleration

Eden Prairie, Minnesota, United States

Celleration, Inc. is a privately held medical device company. Celleration develops and markets a proprietary technology that has been proven to accelerate healing in wounds by delivering therapeutic, low frequency ultrasound without direct contact of the delivery device to the wound surface. Celleration's core product, the MIST Therapy System, has been clinically shown to positively impact all critical aspects of the wound healing process providing clinical and economic benefits to institutions treating nonresponding wounds.

Sell $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Montana Silversmiths

Columbus, Montana, United States

Montana Silversmiths is a designer, manufacturer, and distributor of accessories, jewelry and lifestyle products. Montana Silversmiths was founded in 1973 and is based in Columbus, Montana.

Buy -
DESCRIPTION

Konza Valley Capital is a private investment firm focused on $1 to $3 million investments in lower middle-market Midwestern US-based companies operating in traditional industries. Konza looks to support a variety of transaction situations including capital for acquisitions, growth, ownership transitions, and turnarounds. Broad areas of interest include manufacturing, services, distribution, retail and technology related industries. Konza Valley Capital is based in Overland Park, Kansas.


DEAL STATS #
Overall 2 of 12
Sector: Metals/Mining M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 4
State: Michigan M&A 1 of 1
Country: United States M&A 2 of 12
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-01 KCAS Bio

Olathe, Kansas, United States

KCAS Bio provides comprehensive GLP-compliant development services from early discovery support through product registration and beyond. One of only a select few CROs offering both large and small molecule development with extensive capabilities and expertise, KCAS provides a truly differentiated approach to its clients who are looking for both scientific expertise and excellent customer service. KCAS Bio was formed in 1979 and is based in Olathe, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-26 B12 Transportation Group

Kansas, Missouri, United States

B12 Transportation Group is the parent company of two operating subsidiaries, Brown Industries and Diamond Coach. B12 Transportation Group was founded in 2015 and is based in Kansas, Missouri.

Buy -
DESCRIPTION

MidStates Capital is a private investment firm focused on investing in and acquiring privately held growth oriented companies in the Midwest US. The Firm generally pursues companies valued between $5 and $50 million and will consider private equity and mezzanine commitments. MidStates does not have any stated sector preferences. MidStates Capital is based in Overland Park, Kansas.


DEAL STATS #
Overall 6 of 6
Sector: Metals/Mining M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 3
State: Michigan M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-19 Office Snax

Hinsdale, Illinois, United States

Office Snax is a producer of food, snack, beverage and related consumable items for your office and breakroom. In addition to the office products distribution channel, Office Snax also sells a limited product offering to the school, coffee, and water distribution channels, as well as through its own website. Office Snax was founded in 2000 and is based in Hinsdale, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-03 PFI Instore

Hazelwood, Missouri, United States

PFI Instore is a merchandising solution provider to retailers and consumer-branded product companies. PFI's products and solutions can be found in most major convenience, grocery, specialty, and department stores in the United States. PFI Instore was founded in 1956 and is based in Hazelwood, Missouri.

Sell -