M&A Deal Summary

Clearlake Capital Acquires Dimora Brands

On November 24, 2020, private equity firm Clearlake Capital acquired building materials company Dimora Brands from TJC and Antares Capital

Acquisition Highlights
  • This is Clearlake Capital’s 3rd transaction in the Building Materials sector.
  • This is Clearlake Capital’s 64th transaction in the United States.
  • This is Clearlake Capital’s 6th transaction in New Jersey.

M&A Deal Summary
Date 2020-11-24
Target Dimora Brands
Sector Building Materials
Buyer(s) Clearlake Capital
Sellers(s) TJC
Antares Capital
Deal Type Secondary Buyout
Advisor(s) Robert W. Baird & Co., Inc. (Financial)
Winston & Strawn (Legal)

Target

Dimora Brands

Somerville, New Jersey, United States
Dimora Brands is a designer, distributor, and manufacturer of decorative hardware, functional hardware, and other products for the kitchen and bath industries. Dimora Brands was founded in 1994 and is headquartered in Somerville, New Jersey.

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Buyer(S) 1

Buyer

Clearlake Capital

Santa Monica, California, United States
Category Private Equity Firm
Founded 2006
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.

DEAL STATS #
Overall 67 of 90
Sector (Building Materials) 3 of 3
Type (Secondary Buyout) 27 of 39
State (New Jersey) 6 of 6
Country (United States) 64 of 85
Year (2020) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-19 nThrive - Technology Division

Alpharetta, Georgia, United States

nThrive's Technology Division is a healthcare revenue cycle management ("RCM") software-as-a-service ("SaaS") platform. nThrive's Technology Division is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 InvestCloud

West Hollywood, California, United States

InvestCloud is a global company specializing in digital platforms that enable the development of financial solutions, pre-integrated into the Cloud. The company offers on-demand client experiences and intuitive operations solutions using an ever-expanding library of modular apps, resulting in powerful products. InvestCloud has over 20 global offices including New York, London, Geneva, Singapore, and Sydney, supporting trillions in assets across hundreds of diverse clients – from the largest banks in the world to wealth managers, asset managers, and asset services companies. InvestCloud was founded in 2010 and is based in West Hollywood, California.

Buy -

Seller(S) 2

SELLER

TJC

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.

DEAL STATS #
Overall 52 of 58
Sector (Building Materials) 2 of 2
Type (Secondary Buyout) 24 of 29
State (New Jersey) 3 of 3
Country (United States) 50 of 56
Year (2020) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-21 Capstone Logistics

Peachtree Corners, Georgia, United States

Capstone Logistics is a provider of outsourced supply chain solutions at nationwide distribution centers catering to the grocery, foodservice, retail, automotive, and 3PL verticals. Capstone was founded in 2011 and is based in Peachtree Corners, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Spectrio

Tampa, Florida, United States

Spectrio is a provider of technology-enabled, customer engagement, and content management solutions, including digital signage, interactive kiosks, on-hold marketing, on-premise messaging & music, and Wi-Fi marketing. Spectrio's subscription-based model is underpinned by a large, proprietary content library including 10,000+ templates and 100,000+ pieces of customized, vertical-specific content delivered through a proprietary, cloud-based content management software platform that enables scalable, efficient deployment of brand-compliant content for its large, diverse, and location-based clients. Spectrio was founded in 1986 and is based in Tampa, Florida.

Buy -
SELLER

Antares Capital

Miami, Florida, United States

Investor Investor

Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Antares Capital is a private investment group that targets growth capital financings as well as management buyout opportunities. The Firm focuses on investments based in the Southeast US and Texas. Prospective companies generally have proven business models, modest capital requirements for growth, and operate in large and growing markets. The Firm looks to commit $500k to $5 million per investment. Antares will not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Antares was founded in 1993 and is based in Miami, Florida.

DEAL STATS #
Overall 35 of 44
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 9 of 13
State (New Jersey) 2 of 2
Country (United States) 34 of 43
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-13 Ten-X

Irvine, California, United States

Ten-X, Inc. is a provider of an online real-estate marketplace that allows individuals and investors to buy and sell residential and commercial real-estate properties using both desktop and mobile channels. Ten-X was founded in 2009 and is based in Irvine, California.

Sell $190M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 Area Wide Protective

North Canton, Ohio, United States

Area Wide Protective is a provider of professional traffic control design and execution services in support of utility infrastructure maintenance and construction activity. Area Wide Protective was founded in 1993 and is based in North Canton, Ohio.

Sell -
Mergr

Product

Company

Legal