M&A Deal Summary

Cortec Group Acquires Harmar

On July 20, 2012, private equity firm Cortec Group acquired consumer products company Harmar from Seidler Equity Partners

Acquisition Highlights
  • This is Cortec Group’s 3rd transaction in the Consumer Products sector.
  • This is Cortec Group’s 25th transaction in the United States.
  • This is Cortec Group’s 2nd transaction in Florida.
Investment Fate
  • Harmar was sold to a consortium of financial buyers in 2022.

M&A Deal Summary

Date 2012-07-20
Target Harmar
Sector Consumer Products
Buyer(s) Cortec Group
Sellers(s) Seidler Equity Partners
Deal Type Secondary Buyout
Advisor(s) Harris Williams (Financial)

Target

Harmar

Sarasota, Florida, United States
Harmar is a designer, manufacturer, and marketer of mobility and accessibility solutions for individuals who use power wheelchairs/scooters or are otherwise mobility impaired. Harmar was founded in 1998 and is based in Sarasota, Florida.

Search 215,074 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

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 25 of 49
Sector: Consumer Products M&A 3 of 5
Type: Secondary Buyout M&A Deals 9 of 16
State: Florida M&A 2 of 4
Country: United States M&A 25 of 48
Year: 2012 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-15 YETI Coolers

Austin, Texas, United States

YETI is the leading designer and marketer of premium, rotationally molded coolers, accessories and related gear sold under the YETI® brand. The Company has experienced rapid growth and holds the #1 market position in the premium cooler category. YETI currently sells to a broad-based “enthusiast” customer group through a broad range of national, regional, and local retailers serving a variety of end markets, including specialty hunting and fishing, outdoor sporting goods, hardware, farm and ranch supply, and oilfield services, among others. The Company’s authentic outdoor lifestyle brand is revered by a passionate base of consumers who appreciate the unmatched performance and toughness of YETI’s rotationally molded premium coolers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-28 180 Medical

Oklahoma City, Oklahoma, United States

180 Medical is a leading distributor of disposable, single-use (intermittent) urologic catheters to over 10,000 customers in the home setting. The Company stocks a comprehensive inventory of over 500 types of urologic catheters and ships directly to patients to suit the individual needs of its diverse customer base, including those with spinal cord injuries, spina bifida, multiple sclerosis and other conditions causing incontinence.

Sell -

Seller(S) 1

SELLER

Seidler Equity Partners

Marina del Rey, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Seidler Equity Partners is a mid-market private equity firm focused on partnering with business owners and management to help build market-leading companies. Seidler will consider funding growth financings, family business transitions, owner-operator recapitalizations, management buyouts, liquidity for estate planning, and traditional buyouts. Seidler looks to invest in businesses with a proven track record and opportunities for growth. Prospective companies typically have minimum revenue of $25 million and EBITDA between $5 and $50 million. Seidler is a generalist firm and will consider investments across a wide range of industries, including manufacturing, service, and distributors. Seidler Equity Partners was formed in 1999 and is based in Marina del Rey, California.


DEAL STATS #
Overall 9 of 23
Sector: Consumer Products M&A 2 of 3
Type: Secondary Buyout M&A Deals 1 of 7
State: Florida M&A 1 of 1
Country: United States M&A 9 of 23
Year: 2012 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-03 Korvis

Corvallis, Oregon, United States

Korvis LLC is a manufacturing, engineering, and design firm offering volume production and custom automation services, with an emphasis on precision motion, microfluidics, and optical technologies. Korvis LLC was founded in 2002 and is based in Corvallis, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-09 PADI

Rancho Santa Margarita, California, United States

PADI is a scuba diving certification, training and publishing company, serving diving instructors, retailers and individual scuba divers. PADI was founded in 1966 and is based in Rancho Santa Margarita, California.

Sell -