M&A Deal Summary

Commonwealth Venture Funding Acquires Carroll Technologies Group

On January 9, 2006, private equity firm Commonwealth Venture Funding acquired safety/security company Carroll Technologies Group

Acquisition Highlights
  • This is Commonwealth Venture Funding’s 1st transaction in the Safety/Security sector.
  • This is Commonwealth Venture Funding’s 4th transaction in the United States.
  • This is Commonwealth Venture Funding’s 1st transaction in Kentucky.

M&A Deal Summary

Date 2006-01-09
Target Carroll Technologies Group
Sector Safety/Security
Buyer(s) Commonwealth Venture Funding
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Transact Capital (Financial)

Target

Carroll Technologies Group

Harlan, Kentucky, United States
Carroll Technologies Group is a supplier of safety products and services to the coal mining and natural resources market. Carroll Technologies Group was established in 1977 and is headquartered in Harlan, Kentucky.

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Buyer(S) 1

Buyer

Commonwealth Venture Funding

Wakefield, Massachusetts, United States

Category Private Equity Firm
Founded 1998
Size Small
Type Sector Agnostic
DESCRIPTION

Commonwealth Venture Funding Group (CVFG) is an independent private equity firm focused on making investments in small and middle-market firms. CVFG areas of focus include manufacturing and value-added distribution for industrial markets, consumer durables, and food. The Firm prefers businesses located in the US and will only consider investments resulting in controlling interest. CVFG will not finance turnarounds. CVFG was formed in 1998 and is located in Wakefield, Massachusetts.


DEAL STATS #
Overall 4 of 4
Sector (Safety/Security) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Kentucky) 1 of 1
Country (United States) 4 of 4
Year (2006) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-09 Delta Electric

Logan, West Virginia, United States

Delta Electric is a distributor and provider of electrical engineering services to the Appalachian coal fields.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-03 Specialty Brands of America

Westbury, New York, United States

Specialty Brands is a packaged foods company with a portfolio of strong and differentiated brands. Specialty Brands’ largest brand is Bear Creek Country Kitchens. Bear Creek is the leading brand of hearty dry soups in the United States. Bear Creek also offers a line of savory pasta dishes and hearty rice dishes. Specialty Brands also offers Spring Tree, Cary’s and MacDonald’s pure maple syrups and pancake syrups, New York Flatbreads and Canoleo margarine.

Sell $155M