M&A Deal Summary

CoBe Capital Acquires Stark Manufacturing

On September 1, 2002, private equity firm CoBe Capital acquired manufacturer Stark Manufacturing from Dover

Acquisition Highlights
  • This is CoBe Capital’s 1st transaction in the Manufacturing sector.
  • This is CoBe Capital’s 2nd transaction in the United States.
  • This is CoBe Capital’s 1st transaction in Arkansas.

M&A Deal Summary
Date 2002-09-01
Target Stark Manufacturing
Sector Manufacturing
Buyer(s) CoBe Capital
Sellers(s) Dover
Deal Type Divestiture

Target

Stark Manufacturing

Paris, Arkansas, United States
Stark Manufacturing is a premier manufacturer of fabricated aluminum, steel, and copper tube and tube assemblies for a variety of industries, including automotive, aerospace, agricultural, heavy-duty and military. Stark Manufacturing is based in Paris, Arkansas.

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Buyer(S) 1

Buyer

CoBe Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CoBe Capital is a private equity firm focused on acquiring underperforming businesses as well as new platform companies (up to $1 billion in revenue) with good management. Sectors of interest include manufacturing, value-added distribution, and retail. Prospective companies generally have attractive gross margins, stable customers, under-utilized operating capacity, and significant competitive advantages. CoBe Capital was formed in 1994 and is based in New York City.

DEAL STATS #
Overall 2 of 16
Sector (Manufacturing) 1 of 1
Type (Divestiture) 2 of 14
State (Arkansas) 1 of 1
Country (United States) 2 of 4
Year (2002) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-05-01 Bus Parts Warehouse

Syracuse, New York, United States

Bus Parts Warehouse is a distributor of aftermarket school bus parts. Bus Parts supplies replacement parts, product upgrades, and special needs products for the school transportation industry. Bus Parts Warehouse stocks a wide variety of products manufactured by the major industry suppliers and has a strong focus on special needs products with a sales staff that is certified to instruct operators on how to properly secure wheelchair-bound occupants. Bus Parts Warehouse is based in Syracuse, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-01 Dack s Shoes

Toronto, Ontario, Canada

Dack's Shoes Ltd. is a manufacturer of a wide range of brand name dress and dress-casual footwears.

Buy -

Seller(S) 1

SELLER

Dover

Downers Grove, Illinois, United States
Category Company
Founded 1947
Sector Machinery
Employees25,000
Revenue 8.4B USD (2023)
DESCRIPTION
Dover's corporate headquarters in Downers Grove, Illinois.
Dover's corporate headquarters in Downers Grove, Illinois.

Dover is a diversified manufacturer of industrial products. Dover delivers innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover was founded in 1947 and is based in Downers Grove, Illinois.

DEAL STATS #
Overall 2 of 28
Sector (Manufacturing) 1 of 2
Type (Divestiture) 2 of 24
State (Arkansas) 1 of 1
Country (United States) 2 of 23
Year (2002) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-31 Kurz-Kasch

Newcomerstown, Ohio, United States

Kurz-Kasch, Inc. is a designer and manufacturer of wide range of electromagnetic products used in heavy-duty diesel engines, high performance solenoids used in the irrigation and hydraulic valve industries, and engineered composite components for the aerospace, consumer products and electrical distribution industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-30 Hover-Davis

Rochester, New York, United States

Hover-Davis Inc., a manufacturer of component feeder systems for the electronic assembly automation industry. Hover-Davis sells products to both manufacturers of electronic component assembly machines and directly to end-users as an after market product and is the world's largest independent manufacturer of component feeders. The company is located in Rochester, New York.

Buy -
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