M&A Deal Summary

Clearview Capital, PNC Erieview Capital and Vertikal Brands Acquire Real Avid

On October 30, 2020, private equity firm Clearview Capital, mezzanine finance firm PNC Erieview Capital and Vertikal Brands acquired consumer products company Real Avid

Acquisition Highlights
  • This is Clearview Capital’s 3rd, PNC Erieview Capital’s 2nd and Vertikal Brands’ 2nd transaction in the Consumer Products sector.
  • This is Clearview Capital’s 34th, PNC Erieview Capital’s 23rd and Vertikal Brands’ 2nd transaction in the United States.
  • This is Clearview Capital’s 3rd, PNC Erieview Capital’s 1st and Vertikal Brands’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2020-10-30
Target Real Avid
Sector Consumer Products
Buyer(s) Clearview Capital
PNC Erieview Capital
Vertikal Brands
Deal Type Recapitalization

Target

Real Avid

Plymouth, Minnesota, United States
Real Avid designs, develops and supplies innovative accessories for the outdoor enthusiast. With a focus on the do-it-yourself (“DIY”) segment of the shooting accessories industry, Real Avid has built a reputation for premium, high-quality cleaning and tool accessories built with the end consumer in mind. Real Avid was founded in 2008 and is based in Plymouth, Minnesota.

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Buyer(S) 3

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 35 of 43
Sector (Consumer Products) 3 of 4
Type (Recapitalization) 8 of 13
State (Minnesota) 3 of 3
Country (United States) 34 of 42
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-21 Capitol Imaging Services

Metairie, Louisiana, United States

Capitol Imaging Services is a provider of outpatient diagnostic imaging services in Louisiana and Alabama. Through its 20-freestanding facilities, the Company offers multi-modality capabilities including MRI, CT, and mammography, among others. The Company was founded by Dr. John Hamide who began acquiring diagnostic imaging centers in 2013. He and the management team have since completed 18 acquisitions, building one of the largest outpatient imaging platforms in the Gulf South region today. Capitol Imaging Services is based in Metairie, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-18 MBI Industrial Medicine

Phoenix, Arizona, United States

MBI Industrial Medicine is a provider of occupational injury care services. MBI Industrial Medicine was founded in 1982 and is based in Phoenix, Arizona.

Buy -
Buyer

PNC Erieview Capital

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1979
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PNC Erieview Capital is a provider equity and junior capital to middle-market companies throughout the US and Canada. The Firm looks to support private equity sponsor-led buyouts and recapitalizations, non-sponsored buyouts, family office buyouts, and growth equity needs. PNC Erieview typically works with profitable companies (EBITDA greater than $5 million) valued from $20 to $250 million. Areas of interest include distribution, consumer products, healthcare, manufacturing, and services. The Firm was originally known as National City Equity Partners and was established in 1979. PNC Erieview Capital is based in Cleveland, Ohio.

DEAL STATS #
Overall 23 of 39
Sector (Consumer Products) 2 of 2
Type (Recapitalization) 4 of 8
State (Minnesota) 1 of 2
Country (United States) 23 of 39
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-26 Higdon Outdoors

Paducah, Kentucky, United States

Higdon Outdoors is a multi-brand designer, and supplier of hunting and sporting dog accessories. With more than 1,000 dealer locations worldwide. Higdon Outdoors was founded in 1994 and is based in Paducah, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Abrisa Technologies

Santa Paula, California, United States

Abrisa Technologies is a specialist in optical thin film coatings and fabricated technical glass solutions for photonics and more. Abrisa Technologies was founded in 1980 and is based in Santa Paula, California.

Sell -
Buyer

Vertikal Brands

Columbia, Missouri, United States
Category Company
Sector Business Services
DESCRIPTION

Vertikal Brands is an innovative platform that specializes in strategic growth strategies with business investments in the “Outdoor Lifestyle” category. Vertikal Brands partners with business owners and management teams to develop and grow the best brands in the space! This strategy combined with a dedicated equity partner allows us the flexibility that customizable transactions deserve. Vertikal Brands is based in Columbia, Missouri.

DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 2 of 2
Type (Recapitalization) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 2 of 2
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-26 Higdon Outdoors

Paducah, Kentucky, United States

Higdon Outdoors is a multi-brand designer, and supplier of hunting and sporting dog accessories. With more than 1,000 dealer locations worldwide. Higdon Outdoors was founded in 1994 and is based in Paducah, Kentucky.

Buy -
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