M&A Deal Summary

Chase Doors Acquires Eliason

On January 3, 2013, Chase Doors acquired building materials company Eliason from Milestone Partners, Midwest Mezzanine Funds and Lakewood Capital

Acquisition Highlights
  • This is Chase Doors’ 1st transaction in the Building Materials sector.
  • This is Chase Doors’ 1st transaction in the United States.
  • This is Chase Doors’ 1st transaction in Michigan.

M&A Deal Summary

Date 2013-01-03
Target Eliason
Sector Building Materials
Buyer(s) Chase Doors
Sellers(s) Milestone Partners
Midwest Mezzanine Funds
Lakewood Capital
Deal Type Secondary Buyout

Target

Eliason

Kalamazoo, Michigan, United States
Eliason is a manufacturer of double-action, high impact doors. It is the original and only manufacturer of patented EasySwing® impact doors.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Chase Doors

Cincinnati, Ohio, United States

Category Company
Founded 1932
Sector Building Materials
DESCRIPTION

Chase Doors is a manufacturer and marketer of made-to-order impact traffic doors and specialty door systems. Chase Doors was founded in 1932 and is based in Cincinnati, Ohio.


DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1

Seller(S) 3

SELLER

Milestone Partners

Villanova, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 650M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Milestone Partners is a lower middle-market private equity firm specializing in investments in manufacturing, distribution, and service companies. Milestone looks for businesses valued up to $250 million with EBITDA of $5 to $50 million. The Firm's target revenue size is $10 to $250 million. Milestone prefers companies with growth potential and proven management. The Firm will not invest in businesses in high cyclical industries, with low barriers to entry, or have a high reliance on technology. Milestone Partners was formed in 1995 and is based in Villanova, Pennsylvania.


DEAL STATS #
Overall 9 of 28
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 4 of 9
State (Michigan) 1 of 1
Country (United States) 9 of 26
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-13 Black Letter Discovery

San Francisco, California, United States

Black Letter Discovery, Inc. (“BLD”) is a provider of discovery-related managed document review solutions to law firms and corporate legal departments, including temporary attorney staffing for document review, review facilities and project management services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-11 Mariner Finance

Nottingham, Maryland, United States

Mariner Finance is a multichannel consumer lender in the Unites States offering high touch, relationship-based lending to a near-prime credit customer base through direct personal loans, sales finance loans, home improvement loans and auto loans. Mariner Finance was founded in 2002 and is based in Nottingham, Maryland.

Sell -
SELLER

Midwest Mezzanine Funds

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1992
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Midwest Mezzanine Funds (MMF) is a provider of junior capital to lower middle-market, US and Canadian companies. MMF looks to invest $4 to $15 million to support buyouts, acquisition financings, recapitalizations, and growth capital needs. Prospective companies generally have consistent profits ($3 million of EBITDA), low capital intensity, and sustainable competitive advantages. Broad areas of interest include manufacturing, value-added distribution, and services. MMF will not invest in high technology, energy, or real estate. Midwest Mezzanine was formed in 1992 and has offices in Chicago and Monroe, Michigan.


DEAL STATS #
Overall 24 of 56
Sector (Building Materials) 3 of 3
Type (Secondary Buyout) 12 of 25
State (Michigan) 4 of 6
Country (United States) 23 of 55
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Merit Service Solutions

Marlton, New Jersey, United States

Merit Service Solutions is a provider of landscape maintenance, enhancement and design, installation, snow and ice management, and parking lot maintenance. Merit Service Solutions was founded in 1976 and is based in Marlton, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-25 Denison Pharmaceuticals

Lincoln, Rhode Island, United States

Denison Pharmaceuticals is a provider of contract manufacturing and packaging solutions to the branded over-the-counter pharmaceuticals industry. The Company’s product portfolio includes cough and cold medicines, skin products, mouth rinses, topical analgesics, and nasal inhalers, which are sold by its customers under nationally recognized brands. Denison Pharmaceuticals was founded in 1992 and is based in Lincoln, Rhode Island.

Buy -
SELLER

Lakewood Capital

Rowayton, Connecticut, United States

Investor


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Lakewood Capital is a private equity firm that invests in profitable, mid-sized companies with EBITDA of $2 to $25 million. Lakewood focuses on opportunities in healthcare and industrial manufacturing services. Lakewood Capital was founded in 2007 and is based in Rowayton, Connecticut.


DEAL STATS #
Overall 3 of 4
Sector (Building Materials) 1 of 2
Type (Secondary Buyout) 1 of 1
State (Michigan) 1 of 1
Country (United States) 3 of 4
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-30 Dynamic Healthcare Services

Harrisburg, Pennsylvania, United States

Dynamic Healthcare Services is a provider of home medical equipment and respiratory therapy products and services. Dynamic Healthcare Services was founded in 2000 and is based in Harrisburg, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-17 VSI Global

Cleveland, Ohio, United States

VSI Global is a provider of floor care equipment re-manufacturing and management services. VSI facilities Cleaning and Disinfecting Equipment Repair, Fleet Management & Maintenance, including vacuums, large cleaning equipment, and electrostatic sprayers. VSI Global was founded in 1994 and is based in Cleveland, Ohio.

Buy -