M&A Deal Summary

Champlain Capital and Brookside Capital Partners Acquire StewMac

On February 4, 2016, private equity firm Champlain Capital and mezzanine finance firm Brookside Capital Partners acquired e-commerce company StewMac

Acquisition Highlights
  • This is Champlain Capital’s 1st and Brookside Capital Partners’ 1st transaction in the E-Commerce sector.
  • This is Champlain Capital’s 14th and Brookside Capital Partners’ 21st transaction in the United States.
  • This is Champlain Capital’s 1st and Brookside Capital Partners’ 3rd transaction in Ohio.

M&A Deal Summary
Date 2016-02-04
Target StewMac
Sector E-Commerce
Buyer(s) Champlain Capital
Brookside Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Amherst Partners (Financial)

Target

StewMac

Athens, Ohio, United States
StewMac is an e-tailer of specialty tools and parts for customers active in the repair, modification, and construction of guitars and similar fretted musical instruments. StewMac was founded in 1968 and is based in Athens, Ohio.

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Buyer(S) 2

Buyer

Champlain Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 140M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Champlain Capital Partners is a private equity firm focused on growth capital financings and investments in businesses facing succession issues. The Firm is a generalist investor investor and will consider opportunities in a broad range of manufacturing, service and distribution industries. Target businesses typically have revenues of $10 to $100 million and EBITDA of $3 to $15 million. Champlain prefers companies located in the US. Champlain will not invest in turnaround situations. Champlain Capital Partners was formed in 2000 and is based in San Francisco, California with an additional office in Boston, Massachusetts.

DEAL STATS #
Overall 14 of 24
Sector (E-Commerce) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 8 of 11
State (Ohio) 1 of 2
Country (United States) 14 of 24
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-07 Ohio Medical

Gurnee, Illinois, United States

Ohio Medical manufactures and distributes medical suction and oxygen therapy products and source equipment. SOT product offering includes branded suction/vacuum regulators, flowmeters, and medical gas hoses; Systems include medical gas pipelines, service, and source equipment. OMC was originally founded in 1910 and is based in Gurnee, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-01 Frontier Fire Protection

Denver, Colorado, United States

Frontier Fire Protection is a provider of full-service fire sprinkler and fire alarm solutions, including installation, retrofitting, inspection and detection. The Company serves an established network of general contractor customers across four states and a diverse range of end-markets, including multi-family residential, healthcare, mixed-use, industrial, education, government, office, senior housing, and retail. Frontier Fire Protection was founded in 1960 and is based in Denver, Colorado.

Buy -
Buyer

Brookside Capital Partners

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Brookside Capital Partners is an investment management firm focused on stable lower-middle market companies in the US. The Firm typically commits $5 to $30 million per transaction to support buyouts, leveraged recapitalizations, strategic acquisitions and growth. Potential businesses generally have revenue greater than $15 million, and EBITDA of at least $4 million. Industries of interest include business services, consumer, distribution, healthcare, manufacturing, and transportation and logistics. Brookside Capital Partners was established in 2001 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 21 of 65
Sector (E-Commerce) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 6 of 15
State (Ohio) 3 of 3
Country (United States) 21 of 65
Year (2016) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-19 SunTree Snack Foods

Phoenix, Arizona, United States

SunTree Snack Foods is a producer of private-label nuts and dried fruit that serves as a source of healthy fats, dietary fiber, and protein. SunTree Snack Foods is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-29 Controlled Products

Dalton, Georgia, United States

Controlled Products is a manufacturer and distributor of premium quality synthetic turf for sports, training, landscape, leisure, and specialty applications. Controlled products are sold to a national network of dealers and installers under Controlled Products’ highly recognizable brand names, SporTurf, GrassTex, and Synthetic Turf International. Controlled also delivers a broad array of turf products to original equipment manufacturers and large regional installation companies under private label arrangements. Controlled Products is based in Dalton, Georgia.

Buy -
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