M&A Deal Summary

Cave Creek Capital Management and Seacoast Capital Acquire VMC Group

On August 31, 2009, private equity firm Cave Creek Capital Management and growth capital firm Seacoast Capital acquired manufacturer VMC Group

Acquisition Highlights
  • This is Cave Creek Capital Management’s 1st and Seacoast Capital’s 1st transaction in the Manufacturing sector.
  • This is Cave Creek Capital Management’s 6th and Seacoast Capital’s 13th transaction in the United States.
  • This is Cave Creek Capital Management’s 1st and Seacoast Capital’s 3rd transaction in New Jersey.

M&A Deal Summary

Date 2009-08-31
Target VMC Group
Sector Manufacturing
Buyer(s) Cave Creek Capital Management
Seacoast Capital
Deal Type Recapitalization

Target

VMC Group

Bloomingdale, New Jersey, United States
VMC Group is a manufacturer of vibration isolation, seismic control, and shock protection products, including elastomer mounts, spring mounts, seismic products, and supplemental bases. VMC Group was established in 1898 and is based in Bloomingdale, New Jersey.

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Buyer(S) 2

Buyer

Cave Creek Capital Management

Phoenix, Arizona, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Cave Creek Capital LLC is a growth investor with the flexibility of a family office, the talent of a major firm, and a much wider range of capital solutions than traditional Private Equity funds. Cave Creek looks to commit equity and mezzanine Investments of $5M to $25M and Companies with $20M to $150M of Revenues. Areas of interest include Business Services, Consumer Products & Services, Specialty Retail & Distribution, Healthcare Services, and Specialty Manufacturing. Cave Creek Capital Management was formed in 2004 and is based in Scottsdale, Arizona.


DEAL STATS #
Overall 7 of 12
Sector (Manufacturing) 1 of 1
Type (Recapitalization) 2 of 6
State (New Jersey) 1 of 1
Country (United States) 6 of 11
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-01 Liberty Distribution

Chandler, Arizona, United States

Liberty Distribution Company LLC is a distributor of candies, snacks, and other items to retailers in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-01 Liberty Distribution

Chandler, Arizona, United States

Liberty Distribution Company LLC is a distributor of candies, snacks, and other items to retailers in the United States.

Sell -
Buyer

Seacoast Capital

Danvers, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1994
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Seacoast Capital is a private investment firm that invests equity and mezzanine capital in smaller companies with revenues greater than $10 million and at least $2 million in operating income. Sectors of interest include manufacturing, distribution, business services and industrial technologies. Seacoast has a particular interest in companies located in underserved urban and rural markets, and in all cases, partners with management when considering transactions. Seacoast Capital was formed in 1994 and has offices in Danvers, Massachusetts and San Francisco, California.


DEAL STATS #
Overall 13 of 45
Sector (Manufacturing) 1 of 1
Type (Recapitalization) 1 of 13
State (New Jersey) 3 of 5
Country (United States) 13 of 45
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-01 Double E

West Bridgewater, Massachusetts, United States

Double E is a manufacturer of highly-engineered components for web converting applications. The company's product offering includes critical wear components such as chucks, brakes, shafts, slitters, web guides, core cutters, and roll movers. These products secure, straighten, apply tension, cut, and move rolled raw materials through continuous manufacturing processes. Double E was established in 1972 and is headquartered in West Bridgewater, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-01 On the Scene Productions

Los Angeles, California, United States

Develops and produces electronic media in the form of audio or video public relations messages for corporations, associations, athletes, and celebrities and distributes these communications through broadcast media channels such as radio stations, broadcast and cable television stations, and the Internet.

Sell -