M&A Deal Summary

Clearview Capital Acquires Nielsen-Kellerman

On October 18, 2017, private equity firm Clearview Capital acquired manufacturer Nielsen-Kellerman from Bolder Capital and JZ Partners

Acquisition Highlights
  • This is Clearview Capital’s 3rd transaction in the Manufacturing sector.
  • This is Clearview Capital’s 28th transaction in the United States.
  • This is Clearview Capital’s 4th transaction in Pennsylvania.

M&A Deal Summary
Date 2017-10-18
Target Nielsen-Kellerman
Sector Manufacturing
Buyer(s) Clearview Capital
Sellers(s) Bolder Capital
JZ Partners
Deal Type Secondary Buyout
Advisor(s) D.A. Davidson (Financial)

Target

Nielsen-Kellerman

Boothwyn, Pennsylvania, United States
Nielsen-Kellerman designs manufacture and distribute rugged, waterproof environmental and sports performance instruments for active lifestyles and technical applications, including Kestrel Weather & Environmental Meters, Kestrel Ballistics Meters for long-range shooting accuracy, NK Electronics for Rowing and Paddling, and Blue Ocean Rugged Megaphones PA Systems. Nielsen-Kellerman was founded in 1978 and is based in Boothwyn, Pennsylvania.

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Buyer(S) 1

Buyer

Clearview Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 645M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Clearview Capital LLC is a private equity firm that targets investments in North American companies with operating profits between $4 and $20 million. Sectors of interest include general manufacturing, plastics, food processing, furniture, education, healthcare, outsourcing, distribution, oil field services, consumer products, and industrial. The Firm prefers majority investment situations in transaction types that include corporate divestitures, management buyouts, and ownership transfers of closely-held companies. Clearview Capital was formed in 1999 and has offices in Connecticut, California.

DEAL STATS #
Overall 29 of 43
Sector (Manufacturing) 3 of 4
Type (Secondary Buyout) 3 of 3
State (Pennsylvania) 4 of 4
Country (United States) 28 of 42
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-04 St. Croix Hospice

Oakdale, Minnesota, United States

St. Croix Hospice is a provider of hospice services. The Company delivers both hospice and a broader network of concurrent comfort and support services that are tailored to patients' and their family's individual needs and circumstances. St. Croix Hospice was founded in 2008 and based in Oakdale, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-21 Civix

Metairie, Louisiana, United States

Civix provides professional services and software products to public sector clients. Software suites include business registration/filings, voter registration, campaign finance, nuclear water chemistry management, and airport management. Civix was founded in 1979 and is based in Metairie, Louisiana.

Sell -

Seller(S) 2

SELLER

Bolder Capital

Lakewood, Colorado, United States
Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Bolder Capital is a private equity group that invests in lower middle-market manufacturing and service oriented businesses. The Group pursues companies operating in growth markets with proprietary products or technologies. Target businesses have at least $2 million of EBITDA with an enterprise value of minimum $500 million. Funds are generally used to support acquisitions/buyouts, recapitalizations and selective growth equity opportunities. Bolder Capital was formed in 2004 and is based in Chicago.

DEAL STATS #
Overall 10 of 12
Sector (Manufacturing) 1 of 1
Type (Secondary Buyout) 5 of 5
State (Pennsylvania) 1 of 2
Country (United States) 10 of 12
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-02 Dental Services Group

St. Petersburg, Florida, United States

Dental Services Group is an operator of a full-service laboratory network with over 40 dental laboratories that offers dental prosthetic solutions, including fixed, removable, implant, orthodontic and sleep dentistry products. Dental Services Group was founded in 1989 and is based in St. Petersburg, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 Salter Labs

Arvin, California, United States

Salter Labs is a manufacturer of disposable oxygen delivery and respiratory therapy products in the multi-billion dollar home medical and acute care markets and has been supplying innovative and proprietary medical consumables. Salter Labs was founded in 1976 and is based in Arvin, California.

Sell -
SELLER

JZ Partners

Category Private Equity Firm
Founded 1986
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

JZ Partners is a private equity firm focused on acquiring middle-market companies valued up to $200 million. JZ seeks profitable companies with strong management, defensible market positions, and low capital expenditures. Sectors of interest include niche manufacturing, value-added distribution, industrial services, healthcare, education, transportation, and business services. JZ Partners was formed in 1986 and has offices in Chicago and New York City.

DEAL STATS #
Overall 4 of 12
Sector (Manufacturing) 1 of 3
Type (Secondary Buyout) 4 of 6
State (Pennsylvania) 1 of 3
Country (United States) 4 of 12
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-06 Viant Medical

Foxborough, Massachusetts, United States

Viant Medical is a contract manufacturing organization, specializing in medical device components. The Company offers a broad range of capabilities that support the global medical device original equipment manufacturers’ production of devices for diagnostic, orthopedic, surgical and other applications. Viant was founded in 2007 and is based in Foxborough, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-14 Paragon Water Systems

Clearwater, Florida, United States

Paragon Water Systems, Inc. develops and produces “point-of-use” water filtration products for leading global Original Equipment Manufacturer (“OEM”) clients, big brand suppliers to specialty and big box retailers, direct sales organisations and companies with national or international water filtration dealership networks.

Sell -
Mergr

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