M&A Deal Summary

Castleray Investments Acquires Pro-gard Products

On January 1, 2008, private equity firm Castleray Investments acquired manufacturer Pro-gard Products

Acquisition Highlights
  • This is Castleray Investments’ 1st transaction in the Manufacturing sector.
  • This is Castleray Investments’ 2nd transaction in the United States.
  • This is Castleray Investments’ 1st transaction in Indiana.

M&A Deal Summary

Date 2008-01-01
Target Pro-gard Products
Sector Manufacturing
Buyer(s) Castleray Investments
Deal Type Buyout (LBO, MBO, MBI)

Target

Pro-gard Products

Noblesville, Indiana, United States
Pro-gard Products is a manufacturer and supplier of innovative and dependable law enforcement vehicle equipment, including vehicle prisoner partitions, gun racks, vehicle anti-theft systems, ballistic door panels, airbag control switches, ABS seats, cargo cabinets, push bumpers, window armor, organizers, ballistic ticket boards, and skid plates. Its employees take pride in the craftsmanship and quality that goes into making Pro-guard's products the safest and most reliable in the industry. Pro-guard offers its products throughout the United States and overseas. Pro-guard Products was founded in 1968 and is based in Noblesville, Indiana.

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Buyer(S) 1

Buyer

Castleray Investments

Chicago, Illinois, United States

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Castleray Investments LLC is a private investment holding firm that invests in lower middle market companies primarily located in North America. Castleray focuses on companies with strong middle management teams, diverse customers, revenues between $5 to $50 million and cash flow over $1 million. Castleray's specific areas of interest include consumer products, medical devices, electronics and law enforcement. The Firm will consider a variety of transaction types, including buyouts, recapitalizations, corporate spinoffs and distressed situations. Castleray Investments LLC was formed in 2002 and has offices in Texas and Illinois.


DEAL STATS #
Overall 2 of 3
Sector: Manufacturing M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 2
State: Indiana M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 CIRS

Norfolk, Virginia, United States

CIRS is a medical device company that specializes in material science applications for the imaging diagnostics market. Customers include OEMs, hospitals, and research laboratories. CIRS products simulate human tissue response under CT, X-Ray, radiation, ultrasound, and MRI systems. CIRS is widely regarded as a worldwide leader in its field. CIRS was founded in 1983 and is based in Norfolk, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 Wolfgang Puck Worldwide

West Hollywood, California, United States

Wolfgang Puck Worldwide, Inc. provides custom catering services and event planning at selected Wolfgang Puck restaurants, preferred venues and client-designated destinations. Wolfgang Puck Worldwide was founded in 1986 and is based in West Hollywood, California.

Buy -