M&A Deal Summary

Capital Resource Partners and Northcreek Mezzanine Acquire Craftmaster Hardware

On June 9, 2015, private equity firm Capital Resource Partners and Northcreek Mezzanine acquired distribution company Craftmaster Hardware

Acquisition Highlights
  • This is Capital Resource Partners’ 2nd and Northcreek Mezzanine’s 3rd transaction in the Distribution sector.
  • This is Capital Resource Partners’ 36th and Northcreek Mezzanine’s 20th transaction in the United States.
  • This is Capital Resource Partners’ 2nd and Northcreek Mezzanine’s 3rd transaction in New Jersey.

M&A Deal Summary
Date 2015-06-09
Target Craftmaster Hardware
Sector Distribution
Buyer(s) Capital Resource Partners
Northcreek Mezzanine
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) The Dak Group (Financial)

Target

Craftmaster Hardware

Northvale, New Jersey, United States
Craftmaster Hardware is a distributor of security hardware, locks, and locksmith supplies to hospitals, universities, school districts, federal, state, and local governments as well as prisons and jails. Craftmaster Hardware was founded in 1951 and is based in Northvale, New Jersey.

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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 37 of 39
Sector (Distribution) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 8 of 9
State (New Jersey) 2 of 2
Country (United States) 36 of 38
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 MedMark Services

Lewisville, Texas, United States

MedMark Services, Inc. is a provider of primary health care and addiction treatment services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-20 Endur

Hampton, New Hampshire, United States

Endur ID is a manufacturer and distributor of wristband products and identification solutions for Veterans Administration hospitals, non-VA hospital systems, long term care and mental health facilities, and correction/detention, immigration and customs enforcement agencies. Endur ID was founded in 2003 and is based in Hampton, New Hampshire.

Buy -
Buyer

Northcreek Mezzanine

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

DEAL STATS #
Overall 20 of 29
Sector (Distribution) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 9 of 10
State (New Jersey) 3 of 3
Country (United States) 20 of 29
Year (2015) 4 of 4
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
2016-01-29 Colerain RV

Cincinnati, Ohio, United States

Colerain RV is a specialty retailer of recreational vehicles. Colerain RV operates RV dealership, providing sales of new and used RVs, related services, parts, and accessories for RV owners and camping enthusiasts. Colerain RV was founded in 1968 and is based in Cincinnati, Ohio.

Buy -
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