Investment Summary

CHB Capital Partners Exits Logic PD

On March 15, 2018, private equity firm Compass Group Equity Partners invested in technology hardware company Logic PD from CHB Capital Partners

Investment Highlights
  • This is Compass Group Equity Partners’ 2nd transaction in the Technology Hardware sector.
  • This is Compass Group Equity Partners’ 5th transaction in the United States.
  • This is Compass Group Equity Partners’ 1st transaction in Minnesota.
Investment Fate
  • Logic PD was sold to a strategic buyer in 2019.

Investment Summary

Date 2018-03-15
Target Logic PD
Sector Technology Hardware
Investor(s) Compass Group Equity Partners
Sellers(s) CHB Capital Partners
Deal Type Secondary Buyout

Target

Logic PD

Eden Prairie, Minnesota, United States
Logic PD, Inc. designs and develops embedded and connected devices serving the aerospace, defense, control and automation, Internet of Things (IoT), and medical/life sciences markets. Logic has evolved into a leading provider of electronics manufacturing services offering a complete suite of product lifecycle management solutions. With integrated capabilities in research, design, engineering, quality, regulatory, manufacturing, and aftermarket services, Logic helps its clients identify opportunities, reduce risk, and control costs to deliver the next generation of innovative products into the world’s most demanding markets. Logic PD was founded in 1960 and is based in Eden Prairie, Minnesota.

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Investor(S) 1

DESCRIPTION

Compass Group Equity Partners is a private equity firm focused on lower middle-market companies. The Firm looks to invest between $1 to $15 million for companies generating sales of $20 to $100 million. Prospective transaction types include management buyouts, growth financings, and stake purchases. Sectors of interest include manufacturing, distribution, and business services. Compass Group was formed in 2015 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 5 of 18
Sector: Technology Hardware M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 5 of 18
Year: 2018 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 CareVet

St. Louis, Missouri, United States

CareVet is a veterinary practice management group building a network of veterinary hospitals throughout the United States. CareVet practices are staples of the community with a focus on a high standard of care, strong engagement from the team, and a record of stability. The holistic approach to veterinary medicine focuses on five pillars of care all designed to benefit the pets and their owners. CareVet was founded in 2018 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-20 Epic Systems

St. Louis, Missouri, United States

Epic Systems is an engineering company, industrial automation engineering, and fabrication firm. Epic provides turnkey solutions for modular process systems, pilot plants, distillation systems, integrated packaging and assembly lines, industrial automation engineering, and machine vision system integration. Epic Systems was founded in 1995 and is based in St. Louis, Missouri.

Buy -

Seller(S) 1

SELLER

CHB Capital Partners

Denver, Colorado, United States

Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 150M USD
Size Small
Type Sector Agnostic
DESCRIPTION

CHB Capital provides growth capital and makes equity investments in closely held and family-owned businesses. CHB looks to invest $3 to $15 million in companies with annual revenues $10 to $200 million. Broad industry sectors of interest include niche manufacturing, distribution, consumer products, and services. CHB avoids investing in real estate, construction, natural resources, start-ups, and turnarounds. The Firm will consider majority and minority positions. CHB Capital was formed in 1993 and is based in Denver, Colorado, with an additional office in Houston, Texas.


DEAL STATS #
Overall 10 of 10
Sector: Technology Hardware M&A 2 of 2
Type: Secondary Buyout M&A Deals 4 of 4
State: Minnesota M&A 2 of 2
Country: United States M&A 10 of 10
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 CanGen Holdings

Atlanta, Georgia, United States

CanGen Holdings, Inc. is a manufacturer of consumables for the injection molding and extrusion industries. CanGen Holdings, Inc. (“CanGen”) consisting of subsidiaries Canterbury Engineering Company and Genca. CanGen Holdings is based in Atlanta, Georgia.

Sell -