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M&A Deal Summary

Chart Capital Partners Acquires TracRac

On February 13, 2006, private equity firm Chart Capital Partners acquired manufacturer TracRac

Acquisition Highlights
  • This is Chart Capital Partners’ 1st transaction in the Manufacturing sector.
  • This is Chart Capital Partners’ 1st transaction in the United States.
  • This is Chart Capital Partners’ 1st transaction in Massachusetts.
Investment Fate
  • TracRac was sold to a strategic buyer in 2010.

M&A Deal Summary
Date 2006-02-13
Target TracRac
Sector Manufacturing
Buyer(s) Chart Capital Partners
Deal Type Recapitalization

Target

TracRac

Fall River, Massachusetts, United States
TracRac produces a full line of cargo management systems for pickup trucks and vans. Manufactured and assembled in USA, TracRac products are functional and packed with unique features that enable custom configurations for professional tradesmen. TracRac is division of the Thule Group.

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Buyer(S) 1

Buyer

Chart Capital Partners

Category Private Equity Firm
Founded 1994
Size Small
Type Sector Agnostic
DESCRIPTION

Chart Capital Partners is a private equity firm that invests in smaller middle-market companies through management buyouts, recapitalization and structured growth equity investments. Chart targets profitable, growth-oriented companies and enterprise value of $15 to $250 million. The Firm will consider opportunities throughout North America and looks to invest $10 to $50 million per transaction. Sectors of interest include energy services, food/beverage, communications, and niche manufacturing. Chart Capital seeks companies with revenue between $15 to $100 million. Chart Capital Partners was founded in 1995 and is based in New York City.

DEAL STATS #
Overall 1 of 8
Sector: Manufacturing M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 2
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 8
Year: 2006 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-19 New World Trust

Geneva, Switzerland

New World Trust a independent trust and company administrators, the New World Financial Services Group administers numerous trusts, companies, foundations and mutual funds with over US$ 2 billion in clients' assets. The management and staff are renowned for their ability to produce creative solutions for clients and assist on the appointment of bankers, investment managers and other professionals.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-01 Optigas

Denver, Colorado, United States

Optigas, Inc. gathers, processes, and markets natural gas in Colorado. The company engages in the ownership, operation, and installation of pipeline, compression, and processing facilities to move natural gas from the wellhead to the intrastate or interstate natural gas pipeline infrastructure. Optigas, Inc. acquired by Ceritas Energy LLC in March 2006.

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Mergr

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