M&A Deal Summary

Cardinal Equity Partners Acquires Contour Glass

On January 7, 2011, private equity firm Cardinal Equity Partners acquired manufacturer Contour Glass

Acquisition Highlights
  • This is Cardinal Equity Partners’ 3rd transaction in the Manufacturing sector.
  • This is Cardinal Equity Partners’ 15th transaction in the United States.
  • This is Cardinal Equity Partners’ 2nd transaction in Tennessee.

M&A Deal Summary
Date 2011-01-07
Target Contour Glass
Sector Manufacturing
Buyer(s) Cardinal Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Contour Glass

Surgoinsville, Tennessee, United States
Contour Glass is a niche fabricator cutting, drilling, screen printing, and tempering of glass parts primarily for appliance manufacturers and suppliers. Contour Glass was founded in 1985 and is headquartered in Surgoinsville, Tennessee.

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Buyer(S) 1

Buyer

Cardinal Equity Partners

Indianapolis, Indiana, United States

Investor Investor Investor

Category Private Equity Firm
Founded 1993
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Cardinal Equity Partners is a privately owned partnership that targets investments in lower middle-market businesses headquartered in the central portion of the US. Cardinal looks for light manufacturing, distribution, or service businesses with $5 to $50 million in revenue and at least $1 million of EBITDA. Prospective transaction situations include management buyouts, recapitalizations, family successions, and corporate spin-offs. Cardinal prefers businesses with proven management, recurring revenue, and no major customer concentration issues. Cardinal will not invest in software, heavy manufacturing, automotive, consulting, or companies with a significant percentage of non-US sales. Cardinal Equity Partners was formed in 1993 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 15 of 24
Sector (Manufacturing) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 11 of 13
State (Tennessee) 2 of 2
Country (United States) 15 of 24
Year (2011) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-07 Contour Industries

Surgoinsville, Tennessee, United States

Contour Industries is a manufacturer of cutting, drilling, screen printing, and tempering glass parts primarily for appliance manufacturers and suppliers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-14 Williams AV

Eden Prairie, Minnesota, United States

Williams AV is a designer, manufacturer, and marketer of professional wireless communication systems that are used to deliver sound and improve the hearing and communication ability of individuals in a variety of group or gathering situations. The company’s products are designed for those with hearing impairment in public assembly spaces as well as for all listeners in language interpretation and tours. Williams AV was founded in 1976 and is based in Eden Prairie, Minnesota.

Buy -
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