M&A Deal Summary

Converse Resources Group Acquires Glasscock

On October 1, 2007, Converse Resources Group acquired transportation company Glasscock from Five Points Capital

Acquisition Highlights
  • This is Converse Resources Group’s 1st transaction in the Transportation sector.
  • This is Converse Resources Group’s 1st transaction in the United States.
  • This is Converse Resources Group’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2007-10-01
Target Glasscock
Sector Transportation
Buyer(s) Converse Resources Group
Sellers(s) Five Points Capital
Deal Type Add-on Acquisition

Target

Glasscock

Sumter, South Carolina, United States
Glasscock manufactures, mines and transports aggregates and ready-mix concrete in the Carolinas, Georgia and Alabama.

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Buyer(S) 1

Buyer

Converse Resources Group

Spartanburg, South Carolina, United States
Category Company
Founded 2007
Sector Energy Services and Equipment
DESCRIPTION

Converse Resources Group, Inc. is a operator of full service coal brokerage serving various industrial and energy-producing facilities.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1

Seller(S) 1

SELLER

Five Points Capital

Winston-Salem, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.

DEAL STATS #
Overall 2 of 58
Sector (Transportation) 1 of 3
Type (Add-on Acquisition) 1 of 24
State (South Carolina) 1 of 6
Country (United States) 2 of 58
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 MooreCo International Holdings

Temple, Texas, United States

MooreCo is an innovative designer and manufacturer of visual-communication products, technology support equipment, and furniture for the educational and commercial office markets. The Company markets its products through three brand divisions: Best-Rite, Balt and MooreCo.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-06 Unishippers Global Logistics

Salt Lake City, Utah, United States

Unishippers Global Logistics is a provider of third party logistics services to small and medium-sized businesses through a network of nearly franchise locations and affiliate outlets. Unishippers Global Logistics is based in Salt Lake City, Utah.

Buy -
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