M&A Deal Summary

CORE Industrial Partners and Monroe Capital Acquire Fathom

On September 5, 2018, private equity firm CORE Industrial Partners and lender Monroe Capital acquired manufacturer Fathom

Acquisition Highlights
  • This is CORE Industrial Partners’ 2nd and Monroe Capital’s 4th transaction in the Manufacturing sector.
  • This is CORE Industrial Partners’ 2nd and Monroe Capital’s 71st transaction in the United States.
  • This is CORE Industrial Partners’ 1st and Monroe Capital’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2018-09-05
Target Fathom
Sector Manufacturing
Buyer(s) CORE Industrial Partners
Monroe Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Fathom

Hartland, Wisconsin, United States
Fathom is an on-demand digital manufacturing platforms in North America, serving the comprehensive product development and low- to mid-volume manufacturing needs of the largest and most innovative companies in the world. With more than 25 manufacturing processes and a national footprint with nearly 450,000 square feet of manufacturing capacity across 12 facilities, Fathom blends in-house capabilities across plastic and metal additive technologies, CNC machining, injection molding & tooling, sheet metal fabrication, and design and engineering. Fathom was founded in 1984 and is based in Hartland, Wisconsin.

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Buyer(S) 2

Buyer

CORE Industrial Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2017
PE ASSETS 700M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

CORE Industrial Partners is a private equity firm focused on acquiring mid-sized, North American, manufacturing and industrial technology companies. The Firm targets buyouts, non-core divestitures, and complex situations from a variety of sellers generating revenue up to $200 million. The Firm prefers companies with diverse customers, opportunities to add value, and operating fragmented markets. CORE Industrial Partners was established in 2017 and is headquartered in Chicago, Illinois.

DEAL STATS #
Overall 2 of 16
Sector (Manufacturing) 2 of 7
Type (Buyout (LBO, MBO, MBI)) 2 of 11
State (Wisconsin) 1 of 1
Country (United States) 2 of 16
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-13 Prototek

Contoocook, New Hampshire, United States

Prototek is a provider of CNC machined and sheet metal fabricated parts and components for a variety of end markets, including aerospace, defense, medical, robotics, electronics, consumer, and general industrial. Prototek was founded in 1987 and is based in Contoocook, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-04 Saylite

Carrollton, Texas, United States

Saylite is a full-service provider of LED and non-LED configured lighting products and solutions serving commercial, industrial, and premium residential markets. Based in Carrollton, Texas, with additional facilities in Dallas, Austin, Houston, Augusta, Charleston, and Providence, the company is developing the latest solutions for both practical and design-centric applications employing an engineering staff that bridges the worlds of lighting, construction, design and technology. Saylite’s brands (Fleco Industries, Texas Fluorescents Reinvented, Mobern, Lights Fantastic, Lights Fantastic Pro, L.I.T.E., LFP Lighting, Southern Lighting Gallery, and Vantage) and products can be found illuminating a diverse building set, including large retailers, commercial office space, industrial warehouses and a variety of premium residential structures. Saylite was founded in 1965 and is based in Carrollton, Texas.

Buy -
Buyer

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago.

DEAL STATS #
Overall 71 of 115
Sector (Manufacturing) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 17 of 33
State (Wisconsin) 1 of 1
Country (United States) 71 of 114
Year (2018) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-14 S&S Health

Cincinnati, Ohio, United States

S&S Health is a Third Party Administrator (“TPA”) specializing in a full service health care delivery system. S&S provides a suite of services including claims adjudication and network management directly to middle-market employers as well as providing these services on an outsourced basis to other TPAs. S&S Health is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-11 Vereco

Mission Viejo, California, United States

Vereco is a national healthcare company that creates and manages document services programs for hospitals and healthcare systems. Through its teams of fulltime on-site personnel, Vereco on a daily basis manages and optimizes a hospital’s print environment, from vendor management to helping hospital staff with all their print workflow and related needs. Vereco was founded in 2011 and is based in Mission Viejo, California.

Buy -
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