Investment Summary

Catalyst Operating Group Exits Marlen International

On January 6, 2009, private equity firm Pfingsten Partners invested in machinery company Marlen International from Catalyst Operating Group

Investment Highlights
  • This is Pfingsten Partners’ 2nd transaction in the Machinery sector.
  • This is Pfingsten Partners’ 23rd transaction in the United States.
  • This is Pfingsten Partners’ 2nd transaction in Missouri.
Investment Fate
  • Marlen International was sold to a strategic buyer in 2014.

Investment Summary

Date 2009-01-06
Target Marlen International
Sector Machinery
Investor(s) Pfingsten Partners
Sellers(s) Catalyst Operating Group
Deal Type Stake Purchase

Target

Marlen International

Riverside, Missouri, United States
Marlen International, Inc. is a provider of engineered food processing equipment and related aftermarket parts and services to leading and mid-sized food processors. The Company's engineered equipment serves a variety of applications, including meat, poultry, fish, vegetables, fruit, bakery, confectioneries, snacks, dairy goods and pet food. The equipment is sold under the Marlen and Carruthers brand names and is used for pumping, portioning, filling, dicing, grinding, slicing, shredding, chilling and cooking applications. Marlen was founded in 1950 and is headquartered in Riverside, Missouri.

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Investor(S) 1

Investor

Pfingsten Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Pfingsten's office building at 300 North LaSalle in Chicago.
Pfingsten's office building at 300 North LaSalle in Chicago.

Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.


DEAL STATS #
Overall 23 of 58
Sector: Machinery M&A 2 of 6
Type: Stake Purchase M&A Deals 5 of 5
State: Missouri M&A 2 of 3
Country: United States M&A 23 of 58
Year: 2009 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-31 AP+M

Boynton Beach, Florida, United States

AP+M is an independent stocking distributor of both heavy-duty and aeroderivative gas turbine parts. AP+M was established in 1990 and is based in Boynton Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-07 Hy-Bon Engineering Co.

Midland, Texas, United States

Hy-Bon Engineering Co. Inc. design and fabrication of customized compressor packages for handling low pressure gas streams. Regardless of the application: whether gas from oilfield stock tanks, casinghead gas, field gas collection or biogas from wastewater facilities, digester tanks, landfills or breweries, HY-BON/EDI can design the package required. HY-BON/EDI also designs and manufactures custom compressed natural gas (CNG) packages for municipal applications.

Buy -

Seller(S) 1

SELLER

Catalyst Operating Group

Hutchinson, Kansas, United States

Category Private Equity Firm
Founded 1974
Size Small
Type Sector Agnostic
DESCRIPTION

Catalyst Equity Group is a private equity firm that targets to invest in equipment manufacturing companies. The Firm focuses on companies with strong brand equity, highly engineered product led by strong management team. Prospective businesses generally have revenues up to $25 million and EBITDA of at least $5 million Catalyst Equity Group was founded in 1974 and is based in Hutchinson, Kansas.


DEAL STATS #
Overall 3 of 3
Sector: Machinery M&A 2 of 2
Type: Stake Purchase M&A Deals 1 of 1
State: Missouri M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Whitco Company

Fort Worth, Texas, United States

Whitco Company LP is a provider of structural steel and aluminum lighting poles across the globe since 1969.

Sell -