M&A Deal Summary

CNL Strategic Capital Management Acquires Clarion

On December 9, 2021, asset manager CNL Strategic Capital Management acquired business services company Clarion from Promus Equity Partners

Acquisition Highlights
  • This is CNL Strategic Capital Management’s 4th transaction in the Business Services sector.
  • This is CNL Strategic Capital Management’s 10th transaction in the United States.
  • This is CNL Strategic Capital Management’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2021-12-09
Target Clarion
Sector Business Services
Buyer(s) CNL Strategic Capital Management
Sellers(s) Promus Equity Partners
Deal Type Secondary Buyout

Target

Clarion

Milford, Pennsylvania, United States
Clarion is a provider of standards-based visual safety labels and signs that support original equipment manufacturers, facility owners, and employers in reducing risk and protecting workers. It serves thousands of customers across the world in a large and diverse set of industries. Customers rely on Clarion’s expertise to help them navigate applicable regulatory and safety standards related to risk communication, resulting in the implementation of tailored systems of risk reduction. Clarion Safety Systems was established in 1989 and is based in Milford, Pennsylvania.

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Buyer(S) 1

DESCRIPTION

CNL Strategic Capital Management is an investment group that looks to acquire interests in private US-based companies with clear opportunities for growth where it can pass consistent, monthly cash flows to its investor partners. The Firm generally looks to partner with management when pursuing opportunities and targets companies with durable brands, high margins, and insulated products/services. CNL Strategic Capital Management is based in Orlando, Florida.


DEAL STATS #
Overall 10 of 15
Sector: Business Services M&A 4 of 5
Type: Secondary Buyout M&A Deals 6 of 9
State: Pennsylvania M&A 1 of 1
Country: United States M&A 10 of 15
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 Douglas Machines

Clearwater, Florida, United States

Douglas Machines is a designer, manufacturer and marketer of stainless steel washing and sanitizing equipment and systems principally for bakery, food processing, food service and distribution industries. Douglas Machines was founded in 1979 and is based in Clearwater, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-10 Vektek

Emporia, Kansas, United States

Vektek is a designer and manufacturer of hydraulic clamps and related products that are used to secure parts during the metal cutting process associated with CNC machining. Vektek’s extensive product offering of highly-engineered workholding products includes hydraulic clamps, work supports, cylinders, valves, and power supplies. Vektek serves a loyal, highly diverse, and global customer base primarily comprised of end users that machine high-volume precision parts themselves and fixture builders that manufacture and assemble workholding devices that are sold to end users. Vektek’s products serve a wide range of industries including automotive, rail, agriculture, and aerospace. Vektek was founded in 1974 and is based in Emporia, Kansas.

Buy -

Seller(S) 1

SELLER

Promus Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Promus Equity Partners is a private investment firm affiliated with Promus Holdings, a multi-family office. Promus looks to fund buyouts, management buyouts, and recapitalizations as well as growth equity financings and strategic add-ons for existing portfolio companies. Sectors of interest include consumer products, food, beverages, industrial products, specialty materials, distribution, and business services. Target platform companies generally have up to $15 million of EBITDA. Promus Equity Partners was founded in 2011 and is based in Chicago, Illinois.


DEAL STATS #
Overall 6 of 10
Sector: Business Services M&A 2 of 2
Type: Secondary Buyout M&A Deals 5 of 8
State: Pennsylvania M&A 1 of 1
Country: United States M&A 6 of 10
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Rifle Paper

Winter Park, Florida, United States

Rifle Paper is a designer and provider of lifestyle, home and stationary consumer products. Rifle Paper was founded in 2009 and is based in Winter Park, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 Cast-Crete USA

Seffner, Florida, United States

Cast-Crete USA is a manufacturer and distributor of precast and prestressed concrete lintels and sills. Cast-Crete USA was established in 1955 and is based in Seffner, Florida.

Sell -