M&A Deal Summary |
|
|---|---|
| Date | 2008-03-01 |
| Target | Quality Logging |
| Sector | Energy Services and Equipment |
| Buyer(s) |
Convergent Capital Partners
The Anderson Group |
| Deal Type | Recapitalization |
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| Category | Growth Capital Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 400M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Convergent Capital is a private investment firm that provides growth and debenture financing to late-stage growth companies. Convergent prefers to commit $3 to $12 million per transaction in businesses with at least $10 million in revenues. Convergent is a generalist investor and will consider businesses in a wide range of industries. Investment funds are typically used to assist growth, but the firm can also structure investments around buyouts, recapitalizations, consolidations, and add-on acquisitions. Convergent is licensed as a SBIC. Convergent Capital was formed in 1999 and is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 30 of 62 |
| Sector (Energy Services and Equipment) | 1 of 2 |
| Type (Recapitalization) | 3 of 10 |
| State (Texas) | 4 of 7 |
| Country (United States) | 30 of 62 |
| Year (2008) | 2 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-02-01 |
After Six
Athens, Georgia, United States After Six is a designer and producer of men's formal wear, marketing its products to formal wear distributors and rental stores. The company benefits from an industry-leading brand recognition and long-term customer base. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-06-01 |
Solvair
Chicago, Illinois, United States Solvair, LLC is a producer and marketer of proprietary, environmentally friendly dry cleaning systems. Solvair was founded in 2007 and is based in Chicago, Illinois. |
Buy | - |
The Anderson Group is a private equity firm focused on acquiring US-based companies at the lower end of the middle-market. While Anderson will consider divestitures, generational sales, cash flow transactions, and leveraged recapitalizations, the Firm prefers investing in distressed businesses needing operational improvement. Target companies should have at least $10 million in revenue and $1 million in EBITDA (no minimum EBITDA in restructuring situations). Anderson is a generalist investor, however, the Firm avoids technology, natural resources or retail businesses. The Anderson Group was formed in 1985 and is based in St. Petersburg, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 25 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Recapitalization) | 1 of 3 |
| State (Texas) | 2 of 4 |
| Country (United States) | 8 of 25 |
| Year (2008) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-02-01 |
After Six
Athens, Georgia, United States After Six is a designer and producer of men's formal wear, marketing its products to formal wear distributors and rental stores. The company benefits from an industry-leading brand recognition and long-term customer base. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-09-01 |
Michigan Wheel
Grand Rapids, Michigan, United States Michigan Wheel is a designer and manufacturer of inboard and outboard marine propellers. The company's high-quality, innovative products are marketed under both OEM and aftermarket brands such as Michigan Propellers, Federal Propellers, Gold Line, Hytorq, Apollo, Ballistic, Rapture, Vortex, and others. Michigan Wheel was founded in 1903 and is based in Grand Rapids, Michigan. |
Buy | - |
