M&A Deal Summary

Cardinal Equity Partners Acquires Eagle Battery

On February 1, 2017, private equity firm Cardinal Equity Partners acquired electrical equipment company Eagle Battery

Acquisition Highlights
  • This is Cardinal Equity Partners’ 1st transaction in the Electrical Equipment sector.
  • This is Cardinal Equity Partners’ 20th transaction in the United States.
  • This is Cardinal Equity Partners’ 8th transaction in Indiana.

M&A Deal Summary

Date 2017-02-01
Target Eagle Battery
Sector Electrical Equipment
Buyer(s) Cardinal Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Eagle Battery

Muncie, Indiana, United States
Eagle Battery provides a service to both businesses and consumers whereby we collect and purchase used, or ‘spent’, lead-acid batteries to be reprocessed for reconditioning and recycled in EPA compliant smelters. Eagle Battery was founded in 2002 and is headquartered in Muncie, Indiana.

Search 200,197 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 20 of 24
Sector (Electrical Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 12 of 13
State (Indiana) 8 of 10
Country (United States) 20 of 24
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-18 Corporate Imaging Concepts

Northbrook, Illinois, United States

Corporate Imaging Concepts, Inc. provides branded promotional products and online company store portals for some of the country’s largest corporations. CIC’s game-changing LEIF technology solution leads the industry in customer satisfaction through supply chain efficiencies. The Company’s commitment to technology advancements, combined with a workforce dedicated to exceeding customer expectations, has resulted in steady double-digit growth along with industry recognition as a sales leader and one of the best places to work.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-05 EastPoint Sports

Succasunna, New Jersey, United States

EastPoint Sports designs, sources, and distributes indoor and outdoor home recreational products through mass retail and e-commerce channels. The EastPoint Sports family of brands includes Go! Gater, Majik, Rec-Tek, Classic Sport, Narwhal, NHL, HEAD, PENN, Kan Jam, and Pro-Line Tailgating. EastPoint Sports was founded in 2009 and is based in Succasunna, New Jersey.

Buy -