M&A Deal Summary

Capitala Group Acquires myAgway

On September 19, 2016, asset manager Capitala Group acquired business services company myAgway

Acquisition Highlights
  • This is Capitala Group’s 6th transaction in the Business Services sector.
  • This is Capitala Group’s 63rd transaction in the United States.
  • This is Capitala Group’s 2nd transaction in Connecticut.

M&A Deal Summary
Date 2016-09-19
Target myAgway
Sector Business Services
Buyer(s) Capitala Group
Deal Type Recapitalization
Advisor(s) Woodbridge International (Financial)
Wiggin and Dana (Legal)

Target

myAgway

North Branford, Connecticut, United States
myAgway is an Agway dealership in Connecticut and operates under the myAgway brand. myAgway operates six freestanding retail outlets in the western and central parts of the state: two in New Haven County, two in Hartford County, one in Middlesex County, and one in Fairfield County. myAgway is based in North Branford, Connecticut.

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Buyer(S) 1

Buyer

Capitala Group

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1998
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Capitala Group is an asset manager that provides equity and mezzanine capital to mid-sized companies valued up to $250 million. Funds are generally used to support growth needs, add-on acquisitions, management/leveraged buyouts, and recapitalizations. Capitatala will invest across the US, but generally targets opportunities located in the Southeast. Industry preferences include building products, business services, consumer/reteail, general industrial, healthcare, and technology. Prospective companies typically have revenues greater than $10 million and EBITDA of at least $3 million. Capitala was formed in 1998 and is headquartered in Charlotte, North Carolina.

DEAL STATS #
Overall 64 of 98
Sector (Business Services) 6 of 11
Type (Recapitalization) 6 of 12
State (Connecticut) 2 of 4
Country (United States) 63 of 97
Year (2016) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-30 Drive DeVilbiss Healthcare

Port Washington, New York, United States

Drive DeVilbiss Healthcare manufactures a complete line of medical products, including mobility products, sleep and respiratory products, beds, bariatric products, wheelchairs, sleep surfaces and pressure prevention products, self-assist products, power operated wheelchairs, rehabilitation products, patient room equipment, personal care products and electrotherapy devices. Drive DeVilbiss Healthcare was founded in 2000 and is based in Port Washington, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-30 Mission Critical Electronics

Dallas, Texas, United States

Mission Critical Electronics is a niche-oriented manufacturer of power conversion, battery charging and battery products operating under the leading brands Kussmaul Electronics, Newmar Power, ASEA Power Systems, Power Products, and American Battery Charging. The Company focuses on critical system applications in specialty vehicle, public safety, and industrial/marine applications where durability, reliability, and performance are essential to deliver immediately accessible power. MCE’s solutions address application-specific requirements for 4,000 customers across 2,000+ branded SKUs. MCE is based in Dallas, Texas.

Sell -
Mergr

Product

Company

Legal