M&A Deal Summary

Charterhouse Strategic Partners Acquires Towne Holdings

On November 29, 2005, Charterhouse Strategic Partners acquired transportation company Towne Holdings

Acquisition Highlights
  • This is Charterhouse Strategic Partners’ 2nd transaction in the Transportation sector.
  • This is Charterhouse Strategic Partners’ 12th transaction in the United States.
  • This is Charterhouse Strategic Partners’ 1st transaction in Indiana.

M&A Deal Summary

Date 2005-11-29
Target Towne Holdings
Sector Transportation
Buyer(s) Charterhouse Strategic Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Towne Holdings

South Bend, Indiana, United States
Towne Holdings, Inc. is a full-service provider of premium air cargo ground logistics transportation services.

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Buyer(S) 1

Buyer

Charterhouse Strategic Partners

Summit, New Jersey, United States

Category Private Equity Firm
Founded 1973
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Charterhouse Strategic Partners is a private equity firm that targets investments in middle market companies located throughout North America. Charterhouse typically pursues companies valued between $25 and $150 million, however the firm will also consider new platform companies valued less than $50 million if there is the possibility for rapid expansion (organic or through acquisitions). Target companies generally possess highly motivated management with a proven track record, scalable business models, sustainable competitive advantages (brand recognition/proprietary products), and a leading position in a growing market. Broad sectors of interest include business services, healthcare services, consumer products, and consumer services. Charterhouse was founded in 1973 and is based in Summit, New Jersey.


DEAL STATS #
Overall 13 of 18
Sector (Transportation) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 9 of 11
State (Indiana) 1 of 1
Country (United States) 12 of 17
Year (2005) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-31 Charter Baking

Boulder, Colorado, United States

Charter Baking Co., Inc. is an organic bread and baked goods company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-01 AAT Communications

Boca Raton, Florida, United States

AAT Communications LLC is a provider of wireless tower sites, serving major wireless carriers and a premier group of site-management clients.

Sell $1.0B