M&A Deal Summary

Colfax Creek Capital and Charter Growth Capital Fund Acquire Appalachian Cast Products

On January 31, 2019, private equity firm Colfax Creek Capital and growth capital firm Charter Growth Capital Fund acquired manufacturer Appalachian Cast Products

Acquisition Highlights
  • This is Colfax Creek Capital’s 3rd and Charter Growth Capital Fund’s 1st transaction in the Manufacturing sector.
  • This is Colfax Creek Capital’s 4th and Charter Growth Capital Fund’s 1st transaction in the United States.
  • This is Colfax Creek Capital’s 1st and Charter Growth Capital Fund’s 1st transaction in Virginia.

M&A Deal Summary
Date 2019-01-31
Target Appalachian Cast Products
Sector Manufacturing
Buyer(s) Colfax Creek Capital
Charter Growth Capital Fund
Deal Type Consolidation

Target

Appalachian Cast Products

Abingdon, Virginia, United States
Appalachian Cast Products produces superior die cast parts and tooling, along with metal finishing and CNC machining through state of the art machinery and processes. Specializing in aluminum and zinc alloys, engineers and production staff develop a high pressure die casting process that produces economical parts with reliable quality. The business is headquartered in Abingdon, Virginia.

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Buyer(S) 2

Buyer

Colfax Creek Capital

Investor

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Agnostic
DESCRIPTION

Colfax Creek Capital is a private investment firm focused on acquiring profitable, lower middle-market companies in the Great Lakes region of the US. The Firm targets businesses with $2 to $7 million of EBITDA in the consumer products, business services, and industrials sectors. Colfax Creek Capital was established in 2017 and is headquartered in Birmingham, Michigan.

DEAL STATS #
Overall 4 of 6
Sector (Manufacturing) 3 of 5
Type (Consolidation) 1 of 1
State (Virginia) 1 of 1
Country (United States) 4 of 6
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-31 Fluence Automation

Arlington Heights, Illinois, United States

Fluence Automation LLC provides mail and parcel sorting systems/hardware and related software and service revenue associated with the hardware as well as assets that will be leveraged for growth opportunities in the material handling and e-Commerce fulfillment markets. Fluence Automation is based in Arlington Heights, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-18 Traverse City Products

Traverse City, Michigan, United States

Traverse City Products is a customer service-oriented company that strives to meet or exceed customer quality expectations. ISO 9001 accredited, TCP has an extensive background in the metal forming industry. Manufacturing capabilities include roll forming, stamping, welding, and various assembly processes. Traverse City Products was founded in 1982 and is based in Traverse City, Michigan.

Buy -
Buyer

Charter Growth Capital Fund

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2019
PE ASSETS 40M USD
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 1 of 9
Sector (Manufacturing) 1 of 3
Type (Consolidation) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 9
Year (2019) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-02 Keystone Solutions Group

Kalamazoo, Michigan, United States

Keystone Solutions Group is a product development and medical device contract manufacturing company. The company collaborates with customers around the world in the aerospace, automotive, and medical device industries to design, develop, test, and manufacture a wide range of products. Keystone Solutions Group was founded in 1997 and is based in Kalamazoo, Michigan.

Buy -
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