M&A Deal Summary

Capital For Business, Northcreek Mezzanine and Diamond State Ventures Acquire Whitworth Tool

On March 16, 2014, private equity firm Capital For Business, Northcreek Mezzanine and growth capital firm Diamond State Ventures acquired manufacturer Whitworth Tool

Acquisition Highlights
  • This is Capital For Business’ 8th, Northcreek Mezzanine’s 4th and Diamond State Ventures’ 4th transaction in the Manufacturing sector.
  • This is Capital For Business’ 26th, Northcreek Mezzanine’s 11th and Diamond State Ventures’ 17th transaction in the United States.
  • This is Capital For Business’ 1st, Northcreek Mezzanine’s 1st and Diamond State Ventures’ 1st transaction in Kentucky.

M&A Deal Summary
Date 2014-03-16
Target Whitworth Tool
Sector Manufacturing
Buyer(s) Capital For Business
Northcreek Mezzanine
Diamond State Ventures
Deal Type Buyout (LBO, MBO, MBI)

Target

Whitworth Tool

Hardinsburg, Kentucky, United States
Whitworth Tool specializes in two primary types of business - precision parts manufacturing (both long and short run) and quick turn-around tool & die emergency repair and new tool manufacturing. Whitworth Tool was founded in 1998 and is based in Hardinsburg, Kentucky.

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Buyer(S) 3

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 26 of 55
Sector (Manufacturing) 8 of 16
Type (Buyout (LBO, MBO, MBI)) 20 of 35
State (Kentucky) 1 of 1
Country (United States) 26 of 55
Year (2014) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-16 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.

Sell $18M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-30 Jahabow

Owensville, Missouri, United States

Jahabow is a provider of glass, wood and metal display case and store fixture solutions. Jahabow was founded in 1973 and is based in Owensville, Missouri.

Buy -
Buyer

Northcreek Mezzanine

Category Private Equity Firm
Founded 2010
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 11 of 29
Sector (Manufacturing) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 5 of 10
State (Kentucky) 1 of 1
Country (United States) 11 of 29
Year (2014) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-23 Alpha Precision Group

Ridgway, Pennsylvania, United States

Alpha Precision Group is a manufacturer of high-precision powder metal components for the automotive, small engine, recreation vehicle, lawn & garden, agricultural equipment and commercial vehicle industries. Alpha Precision Group was founded in 1967 and is based in Ridgway, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-30 Jahabow

Owensville, Missouri, United States

Jahabow is a provider of glass, wood and metal display case and store fixture solutions. Jahabow was founded in 1973 and is based in Owensville, Missouri.

Buy -
Buyer

Diamond State Ventures

Little Rock, Arkansas, United States

Investor 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 17 of 25
Sector (Manufacturing) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 12 of 18
State (Kentucky) 1 of 1
Country (United States) 17 of 25
Year (2014) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-16 VIOlife

Yonkers, New York, United States

VIOlife, LLC is a manufacturer and distributor of fashionable, functional and affordable oral and personal care products and accessories.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-30 Jahabow

Owensville, Missouri, United States

Jahabow is a provider of glass, wood and metal display case and store fixture solutions. Jahabow was founded in 1973 and is based in Owensville, Missouri.

Buy -
Mergr

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