M&A Deal Summary

Cerberus Capital Management Acquires Outform

On August 22, 2024, asset manager Cerberus Capital Management acquired marketing company Outform from Gemspring Capital

Acquisition Highlights
  • This is Cerberus Capital Management’s 1st transaction in the Marketing sector.
  • This is Cerberus Capital Management’s 65th transaction in the United States.
  • This is Cerberus Capital Management’s 2nd transaction in Illinois.

M&A Deal Summary

Date 2024-08-22
Target Outform
Sector Marketing
Buyer(s) Cerberus Capital Management
Sellers(s) Gemspring Capital
Deal Type Secondary Buyout

Target

Outform

Chicago, Illinois, United States
Outform is a provider of point-of-purchase displays and related services. Outform provides a comprehensive solution for custom point-of-purchase displays, including creative design, engineering, prototyping, production, and logistics. Outform was founded in 1938 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.


DEAL STATS #
Overall 89 of 93
Sector: Marketing M&A 1 of 1
Type: Secondary Buyout M&A Deals 15 of 17
State: Illinois M&A 2 of 2
Country: United States M&A 65 of 68
Year: 2024 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-06 Vivace

San Antonio, Texas, United States

Vivace provides mission-critical product development, engineering, and management services for U.S. spaceflight systems, hypersonics, and launch vehicle markets. Vivace's products include flight hardware, ground support equipment, development hardware, tooling, and engineering services. Vivace was founded in 2006 and is based in San Antonio, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-19 Landmark Structures

Fort Worth, Texas, United States

Landmark Structures is a specialty engineering, contracting company and manufacturer that designs, fabricates, installs, and services elevated water storage tanks. Landmark Structures was founded in 1974 and is based in Fort Worth, Texas.

Buy -

Seller(S) 1

SELLER

Gemspring Capital


Category Private Equity Firm
Founded 2015
PE ASSETS 3.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gemspring Capital is a private equity firm focused on making control equity investments and structured equity investments in lower middle-market companies headquartered in the United States and Canada. For platform investments, Gemspring targets companies with $5 to $500 million with strong competitive positions within sustainable market niches. Sectors of interest include business services, distribution/logistics, industrial services, media, technology, software, and niche manufacturing. Gemspring Capital is based in Westport, Connecticut.


DEAL STATS #
Overall 6 of 9
Sector: Marketing M&A 1 of 1
Type: Secondary Buyout M&A Deals 5 of 7
State: Illinois M&A 1 of 2
Country: United States M&A 6 of 9
Year: 2024 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-01 Airswift

Houston, Texas, United States

Airswift is a global workforce solutions provider specializing in temporary and permanent staffing for technology and engineering roles within the global energy sector. The Company offers a compelling value proposition by connecting scarce STEM talent with technical engineering projects in challenging environments. Airswift is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-23 Bobit

Torrance, California, United States

Bobit is a business-to-business media and events provider for the vehicle fleet, auto dealer, automotive aftermarket, law enforcement, and professional salon/beauty industries. Bobit was founded in 1961 and is based in Torrance, California.

Sell -