M&A Deal Summary

Corridor Capital and Aldine Capital Partners Acquire FMT Solutions

On January 25, 2019, private equity firm Corridor Capital and mezzanine finance firm Aldine Capital Partners acquired education company FMT Solutions from Bosworth Capital Partners and Hunter Trust

Acquisition Highlights
  • This is Corridor Capital’s 1st and Aldine Capital Partners’ 1st transaction in the Education sector.
  • This is Corridor Capital’s 13th and Aldine Capital Partners’ 37th transaction in the United States.
  • This is Corridor Capital’s 1st and Aldine Capital Partners’ 1st transaction in Oregon.

M&A Deal Summary
Date 2019-01-25
Target FMT Solutions
Sector Education
Buyer(s) Corridor Capital
Aldine Capital Partners
Sellers(s) Bosworth Capital Partners
Hunter Trust
Deal Type Secondary Buyout

Target

FMT Solutions

Portland, Oregon, United States
FMT Solutions is a provider of integrated educational content and tech-enabled marketing services principally for the retirement planning and wealth management services market. FMT offers a comprehensive suite of retirement planning and wealth management communication services and financial education courses designed to support Registered Investment Advisors (RIAs), Investor Advisor Representatives (IARs), and individual investors. FMT Solutions was founded in 2001 and is based in Portland, Oregon.

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Buyer(S) 2

Buyer

Corridor Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Corridor Capital is a private equity firm focused on acquiring lower middle-market companies in the specialty manufacturing, business services, healthcare services, technology services, and financial services sectors. Target companies are typically profitable ($2 to $8 million of EBITDA) and exhibit strong industry positions, identifiable growth possibilities, and stable/diverse customers. Corridor Capital was established in 2005 and is headquartered in Los Angeles, California.

DEAL STATS #
Overall 13 of 18
Sector (Education) 1 of 1
Type (Secondary Buyout) 4 of 4
State (Oregon) 1 of 1
Country (United States) 13 of 18
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-09 Wetmore Tool & Engineering

Chino, California, United States

Wetmore Tool & Engineering, Inc. is a manufacturer of round tools specialized for the aerospace industry. Wetmore Tool & Engineering was founded in 1950 and is based in Chino, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 CEO Warrior

Eatontown, New Jersey, United States

CEO Warrior is a provider of subscription-based business training and implementation services for owners and the senior executive teams of contractor services businesses, particularly those engaged in heating, ventilation, and air conditioning (“HVAC”), plumbing, and electrical services. The Company’s services include tactical and strategic trainings, peer community-driven engagement, and access to a database of proprietary resources that are collectively designed to help its clients grow revenue and improve profitability. CEO Warrior was founded in 2014 and is based in Eatontown, New Jersey.

Buy -
Buyer

Aldine Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Aldine Capital Partners is a mezzanine investment firm that provides mezzanine and junior capital financing to lower middle-market companies generating sales of at least $10 million and at least $2 million in EBITDA. Aldine invests in the range of $4 to $25 million per transaction. Types of transactions include management buyouts, acquisition financings, shareholder liquidity events, recapitalizations, and growth financings of smaller middle-market companies. Aldine will consider investments across the United States, but has a primary focus on opportunities in the Midwest. The Firm will not consider investments in start-ups, turnarounds, real estate, insurance, banking, and oil/gas. Aldine Capital was formed in 2005 and is based in Chicago, Illinois.

DEAL STATS #
Overall 37 of 70
Sector (Education) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Oregon) 1 of 1
Country (United States) 37 of 70
Year (2019) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Adler Hot Oil Services

Vernal, Utah, United States

Adler Hot Oil Services LLC is an oilfield service company providing heating services for oil and gas well sites. Adler Hot Oil Services was founded in 1989 and is based in Vernal, Utah.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-06 Extra Mile Brands

Reedsville, Pennsylvania, United States

Extra Mile Brands is a manufacturer, distributor, and e-tailer of aftermarket restoration and performance products for Chevrolet Corvettes and Ford Mustangs. Extra Mile Brands is based in Reedsville, Pennsylvania.

Buy -

Seller(S) 2

SELLER

Bosworth Capital Partners

Western Springs, Illinois, United States
Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Bosworth Capital Partners is a private investment vehicle formed to acquire and operate a mid-sized, privately-held service based or niche manufacturing business. The Firm is targeting a business with $5 to $50 million in sales and $0.75 to $5 million in EBITDA. Prospective companies should have sustainable growth opportunities and operate in large, fragmented markets. Bosworth was formed in 2008 and is based in Chicago, Illinois.

DEAL STATS #
Overall 3 of 5
Sector (Education) 1 of 1
Type (Secondary Buyout) 2 of 3
State (Oregon) 1 of 1
Country (United States) 3 of 5
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-13 Reusability

El Segundo, California, United States

Reusability is a provider of recoverable shipping racks to the nursery industry. The Company's pallet racks and recovery services allow nurseries to efficiently ship their products to retailers nationwide on a cost effective basis, while also increasing store efficiency for retailers via reduced labor and waste. Reusability was founded in 2000 and is based in El Segundo, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-07 Krueger-Gilbert Health Physics

Towson, Maryland, United States

Krueger-Gilbert Health Physics is a full-service, comprehensive diagnostic medical and health physics consulting group. KGHP’s client-focused team of physicists provides critical compliance services to some of the most progressive hospitals, imaging networks, private practices, and research facilities nationwide. Krueger-Gilbert Health Physics was founded in 1987 and is based in Towson, Maryland.

Sell -
SELLER

Hunter Trust

Investor Investor Investor Investor

Category Family Office
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Hunter Trust is a private investment group focused on acquiring majority interests in private companies. The Firm is sector agnostic but has a particular interest in healthcare services, energy services and equipment, outsourced utility services, telecom infrastructure, security monitoring, and business/industrial services. Hunter looks for owners seeking liquidity and focuses on businesses valued between $5 and $30 million. Hunter Trust was formed in 2000 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 3 of 5
Sector (Education) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Oregon) 1 of 1
Country (United States) 3 of 5
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-13 Reusability

El Segundo, California, United States

Reusability is a provider of recoverable shipping racks to the nursery industry. The Company's pallet racks and recovery services allow nurseries to efficiently ship their products to retailers nationwide on a cost effective basis, while also increasing store efficiency for retailers via reduced labor and waste. Reusability was founded in 2000 and is based in El Segundo, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-26 Eclipse Cash Systems

Chandler, Arizona, United States

Eclipse Cash Systems is a full-service ATM company, offering the wholesale ATM products and service specializing in: ATM Placement, ATM Processing (free), ATM Sales, Customized ATM Branding, ATM Business Consulting, Mobile Events & Venues, 24hr ATM Monitoring, and ATM Service. Eclipse Cash Systems was founded in 2003 and is based in Chandler, Arizona.

Sell -
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