M&A Deal Summary

Cotton Creek Capital and Cold Mountain Capital Acquire AirReady MRO Services

On October 13, 2011, private equity firms Cotton Creek Capital and Cold Mountain Capital acquired aerospace company AirReady MRO Services

Acquisition Highlights
  • This is Cotton Creek Capital’s 2nd and Cold Mountain Capital’s 1st transaction in the Aerospace sector.
  • This is Cotton Creek Capital’s 4th and Cold Mountain Capital’s 2nd transaction in the United States.
  • This is Cotton Creek Capital’s 1st and Cold Mountain Capital’s 1st transaction in Arkansas.

M&A Deal Summary

Date 2011-10-13
Target AirReady MRO Services
Sector Aerospace
Buyer(s) Cotton Creek Capital
Cold Mountain Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

AirReady MRO Services

Melbourne, Arkansas, United States
AirReady MRO Services, Inc. is a repair Station formed to provide flight control repair, maintenance and overhaul solutions to the commercial and military aviation markets.

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Buyer(S) 2

DESCRIPTION

Cotton Creek Capital is a private equity firm focused on lower middle-market company investments. The Firm has a special interest in businesses facing an inflection point and could benefit from capital and expertise. Cotton Creek will consider opportunities throughout the US, although the Firm has a preference for businesses in the Southwest. Sectors of interest include manufacturing, infrastructure, chemicals, waste services, food/beverages, transportation, business services, consumer products, value-added distribution, healthcare, building products, and industrial services. Cotton Creek Capital is based in Austin, Texas.


DEAL STATS #
Overall 4 of 13
Sector (Aerospace) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 5
State (Arkansas) 1 of 1
Country (United States) 4 of 13
Year (2011) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 Magnablend

Waxahachie, Texas, United States

Magnablend, Inc. is a provider of custom chemical manufacturing, blending, and packaging solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-18 Chain Electric

Hattiesburg, Mississippi, United States

Chain Electric is a leading regional provider of power line installation and maintenance services, providing complete transmission, distribution, substation, and storm recovery across the Gulf Coast, Midwest, and Mid Atlantic states. Additionally, the company has the specialized capability to work in challenging terrains, including mud, swamp, and marsh work, and possesses one of the largest fleets of amphibious equipment in the industry. Chain Electric was founded in 1955 and is based in Hattiesburg, Mississippi.

Buy -
DESCRIPTION

Cold Mountain Capital is a private equity firm focused on industrial manufacturing and service companies. Specific areas of interest include aerospace, defense, and other industrial companies. The Firm prefers profitable businesses with $1 to $5 million of EBITDA (up to $20 million in select cases) and will consider opportunities throughout North America and Europe. Cold Mountain Capital was formed in 2011 and is based in Asheville, North Carolina.


DEAL STATS #
Overall 2 of 3
Sector (Aerospace) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 3
State (Arkansas) 1 of 1
Country (United States) 2 of 3
Year (2011) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-15 GracoRoberts

Arlington, Texas, United States

GracoRoberts is a value-added distributor of paints and other coatings, adhesives, sealants, lubricants, composite materials, tapes and safety products used in the manufacture and maintenance, repair and overhaul of commercial, business and military aircraft. GracoRoberts also provides value-added services including custom repackaging, temperature-sensitive material handling, tinting, and supply chain management services to its customers. GracoRoberts was founded in 1938 and is based in Arlington, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-10 Camel Manufacturing

Pioneer, Tennessee, United States

Camel Manufacturing Company got its start producing civilian canvas tarps and truck covers made from surplus Army tents.

Buy -