M&A Deal Summary

Cortec Group and Brookstone Partners Acquire Gemeinhardt Musical Instruments

On June 1, 1997, private equity firms Cortec Group and Brookstone Partners acquired consumer products company Gemeinhardt Musical Instruments

Acquisition Highlights
  • This is Cortec Group’s 1st and Brookstone Partners’ 1st transaction in the Consumer Products sector.
  • This is Cortec Group’s 5th and Brookstone Partners’ 1st transaction in the United States.
  • This is Cortec Group’s 2nd and Brookstone Partners’ 1st transaction in Indiana.

M&A Deal Summary

Date 1997-06-01
Target Gemeinhardt Musical Instruments
Sector Consumer Products
Buyer(s) Cortec Group
Brookstone Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Gemeinhardt Musical Instruments

Elkhart, Indiana, United States
Gemeinhardt Musical Instruments LLC is a manufacturer and distributor of flutes and piccolos in the United States, selling to student, advanced amateur and professional band instrument dealers.

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Buyer(S) 2

Buyer

Cortec Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 6.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cortec Group is a private equity firm focused on acquiring mid-sized businesses operating in basic industries. Cortec Group is an experienced and knowledgeable investor in healthcare products and services, B2C and B2B products, value-added distribution (including eCommerce), and specialty services companies with equity of $100-$500 million and EBITDA of $10 to $50 million. Cortec Group was formed in 1984 and is based in New York City.


DEAL STATS #
Overall 5 of 49
Sector: Consumer Products M&A 1 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 20
State: Indiana M&A 2 of 2
Country: United States M&A 5 of 48
Year: 1997 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-02-13 ATCO Products

Ferris, Texas, United States

ATCO is a leading manufacturer of air conditioning parts for the automotive aftermarket and select original equipment manufacturers. ATCO?s primary products include; fittings, hose assemblies, crimpers, accumulators and driers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-12-04 S&S Industries

Yonkers, New York, United States

S&S Industries, Inc. is a manufacturer of brassiere underwire. The company operates manufacturing facilities in Central America and Asia to supply its customers’ global operations. S&S drives innovation in the industry by designing products that enhance the wearability, style, and durability of underwire bras. S&S Industries was founded in 1947 and is based in Yonkers, New York.

Buy -
Buyer

Brookstone Partners

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Brookstone Partners is a private equity firm focused on buyouts, recapitalizations, and growth capital financings of small to mid-sized North American companies. Brookstone looks to partner with management teams when evaluating companies and seeks profitable businesses where it can commit $5 to $25 million. Areas of interest include aerospace, building materials, healthcare, medical, packaging, and plastics. Brookstone Partners was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 1 of 8
Sector: Consumer Products M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 4
State: Indiana M&A 1 of 1
Country: United States M&A 1 of 8
Year: 1997 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-08 Anomatic

Newark, Ohio, United States

Anomatic Corp. is a provider of high-volume anodized aluminum packaging components and a provider of custom decorative assemblies to the packaging companies in the cosmetics industry.

Buy -