M&A Deal Summary

Centerfield Capital Partners and Onward Capital Acquire Century Drill & Tool

On December 31, 2021, mezzanine finance firm Centerfield Capital Partners and private equity firm Onward Capital acquired consumer products company Century Drill & Tool

Acquisition Highlights
  • This is Centerfield Capital Partners’ 7th and Onward Capital’s 1st transaction in the Consumer Products sector.
  • This is Centerfield Capital Partners’ 73rd and Onward Capital’s 4th transaction in the United States.
  • This is Centerfield Capital Partners’ 3rd and Onward Capital’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2021-12-31
Target Century Drill & Tool
Sector Consumer Products
Buyer(s) Centerfield Capital Partners
Onward Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Century Drill & Tool

Green Bay, Wisconsin, United States
Century Drill & Tool is a supplier of branded power tool accessories and hand tools for contractors, trades professionals, and DIY users across multiple retail segments. Century Drill & Tool is based in Green Bay, Wisconsin.

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Buyer(S) 2

Buyer

Centerfield Capital Partners

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 73 of 78
Sector (Consumer Products) 7 of 7
Type (Buyout (LBO, MBO, MBI)) 32 of 32
State (Wisconsin) 3 of 3
Country (United States) 73 of 78
Year (2021) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 DuraMark Technologies

Westfield, Indiana, United States

DuraMark Technologies is a provider of durable safety labels, branding decals, and label kits to many of America’s top OEMs. Specializing in labels used in outdoor and other challenging work environments, DuraMark provides its customers with the industry’s best turnaround times while maintaining exemplary quality standards. DuraMark Technologies was founded in 2007 and is headquartered in Westfield, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Amplifi

Atlanta, Georgia, United States

Amplifi is a provider of data consulting services that address the entire information value chain from strategy, solution definition and design to implementation of information management technologies and solutions. Amplifi is based in Atlanta, Georgia.

Buy -
DESCRIPTION

Onward Capital is a private equity firm focused on investing in and growing lower middle-market companies. Target transaction situations include buyouts, recapitalizations, divestitures, and partnering with family/founder-owned companies. Onward seeks control situations but will consider select minority investments. Sectors of interest include industrial manufacturing, distribution, and services with a particular interest in packaging, wire & cable, and industrial technology. Target companies typically have $3 to $10 million of EBITDA and $15 to $100 million of revenue. Onward Capital was formed in 2015 and is based in Chicago, Illinois.


DEAL STATS #
Overall 4 of 4
Sector (Consumer Products) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Wisconsin) 1 of 1
Country (United States) 4 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-03 Domaille Engineering

Rochester, Minnesota, United States

Domaille Engineering is a provider of polishing machines and fixtures, inspection equipment and associated engineered products for the rapidly growing fiber-optic cable market. The Company also engineers and manufactures complex, mission-critical products for the defense, aerospace, national security, telecommunications, energy and medical sectors. Domaille Engineering was founded in 1990 and is based in Rochester, Minnesota.

Sell -