M&A Deal Summary

Capital Resource Partners and River Birch Partners Acquire All Safe Global

On October 11, 2018, private equity firms Capital Resource Partners and River Birch Partners acquired distribution company All Safe Global from Medallion Capital and Spell Capital Partners

Acquisition Highlights
  • This is Capital Resource Partners’ 3rd and River Birch Partners’ 1st transaction in the Distribution sector.
  • This is Capital Resource Partners’ 38th and River Birch Partners’ 1st transaction in the United States.
  • This is Capital Resource Partners’ 2nd and River Birch Partners’ 1st transaction in Minnesota.

M&A Deal Summary

Date 2018-10-11
Target All Safe Global
Sector Distribution
Buyer(s) Capital Resource Partners
River Birch Partners
Sellers(s) Medallion Capital
Spell Capital Partners
Deal Type Recapitalization

Target

All Safe Global

Wyoming, Minnesota, United States
All Safe Global s a distributor of compressed gas cylinders and valves, provides cylinder re-certification, refurbishment, and recycling services. All Safe Global was founded in 1976 and is based in Wyoming, Minnesota.

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Buyer(S) 2

Buyer

Capital Resource Partners

Wellesley, Massachusetts, United States

Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Capital Resource Partners (CRP) is a provider of debt and equity capital to lower middle-market companies throughout the United States. CRP typically provides $1 to $15 million of junior capital to support 'late-stage expansion, recapitalization, and incremental acquisition investments'. Target companies are generally profitable with at least $5 million in annual sales. Sectors of interest include business services, consumer products and services, healthcare services, proprietary industrial products and services, and software/information services. Capital Resource Partners was formed in 1987 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 39 of 39
Sector (Distribution) 3 of 3
Type (Recapitalization) 3 of 3
State (Minnesota) 2 of 2
Country (United States) 38 of 38
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-01 Athletes Performance

Phoenix, Arizona, United States

Athletes' Performance, Inc. is a provider of integrated performance training, nutrition and physical therapy for elite athletes, military and corporations.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-19 pCare

Lake Success, New York, United States

pCare is a provider of interactive patient engagement solutions that improve patient outcomes and make the work of healthcare teams safer and simpler. pCare develops and supplies interactive television systems, television and telephone rental programs, and audio/visual products and services to the healthcare industry. pCare was founded in 1950 and is based in Lake Success, New York.

Sell -
DESCRIPTION

River Birch Partners is a private investment firm focused on acquiring lower middle-market profitable companies located in the Northeast and Rocky Mountain regions of the US. The Firm targets companies with recurring revenue business models, high gross margins, a track record of profitability and growth, and sustainable competitive advantages. Sectors of interest include food, industrial components, manufacturing, building products, distribution, aerospace, automotive, chemicals, energy services, industrial minerals, packaging, and plastics. River Birch Partners is headquartered in Portsmouth, New Hampshire.


DEAL STATS #
Overall 1 of 3
Sector (Distribution) 1 of 1
Type (Recapitalization) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 3
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-31 Universal Window and Door

Marlborough, Massachusetts, United States

Universal Window and Door offer architects, general contractors, and developers of historic buildings with high-quality, technologically-advanced custom window solutions. Universal Window and Door was founded in 1968 and is based in Marlborough, Massachusetts.

Buy -

Seller(S) 2

DESCRIPTION

Medallion Capital is an investment firm that offers subordinated debt to help support a variety of transaction situations including buyouts, acquisition financings, recapitalizations, and expansions. The Firm targets established companies with at least $10 million in revenue and at least $2 million in cash flow. Medallion is a generalist investor, however the Firm will not invest in information technology, life science, real estate, entertainment, or finance companies. Medallion does not provide seed capital or start-up funding. Medallion Capital is based in Burnsville, Minnesota and is a subsidiary of New York-based Medallion Financial Corp.


DEAL STATS #
Overall 1 of 5
Sector (Distribution) 1 of 2
Type (Recapitalization) 1 of 1
State (Minnesota) 1 of 2
Country (United States) 1 of 5
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-26 Liberty Greenleaf

Phoenix, Arizona, United States

Liberty Greenleaf is a specialty converter and distributor of thermal paper. Liberty Greenleaf provides customized solutions to its customers across a variety of end markets, including restaurants, point-of-sale, and gaming. Liberty Greenleaf was founded in 1987 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-04 Automated Business Power

Gaithersburg, Maryland, United States

Automated Business Power is a designer and manufacturer of advanced, field-deployable, integrated power and C4I (Command, Control, Communications, Computers, and Intelligence) systems for a broad range of communication equipment used in the command post, tactical operations center, shelter, vehicle, aircraft, and shipboard applications. ABP sells its products directly to the military as well as to leading defense contractors. Automated Business Power was founded in 1987 and is based in Gaithersburg, Maryland.

Buy -
SELLER

Spell Capital Partners

Edina, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spell Capital Partners is a private equity firm that targets control investments in lower middle-market manufacturing and distribution businesses. Spell targets companies with at least $5 million in annual revenues and minimum EBITDA of $1 million. The Firm's target equity investment size range is $2 to $15 million. Spell prefers opportunities located in the upper-midwestern states of Minnesota, Iowa, Wisconsin, North Dakota, South Dakota, Indiana, Illinois, and Nebraska. Spell Capital Partners was formed in 1988 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 23 of 35
Sector (Distribution) 2 of 2
Type (Recapitalization) 1 of 1
State (Minnesota) 4 of 9
Country (United States) 23 of 35
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-30 IRONMARKETS

Fort Atkinson, Wisconsin, United States

IRONMARKETS is a provider of integrated marketing solutions across five business-to-business media platforms including digital, print, mobile, live events and social media to the heavy construction and food & supply chain logistics industries. IRONMARKETS was founded in 2014 and is based in Fort Atkinson, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Adler Hot Oil Services

Vernal, Utah, United States

Adler Hot Oil Services LLC is an oilfield service company providing heating services for oil and gas well sites. Adler Hot Oil Services was founded in 1989 and is based in Vernal, Utah.

Sell -