M&A Deal Summary

Court Square Capital Partners Acquires Virtium

On May 13, 2019, private equity firm Court Square Capital Partners acquired technology hardware company Virtium from L Squared Capital Partners

Acquisition Highlights
  • This is Court Square Capital Partners’ 1st transaction in the Technology Hardware sector.
  • This is Court Square Capital Partners’ 47th transaction in the United States.
  • This is Court Square Capital Partners’ 5th transaction in California.

M&A Deal Summary
Date 2019-05-13
Target Virtium
Sector Technology Hardware
Buyer(s) Court Square Capital Partners
Sellers(s) L Squared Capital Partners
Deal Type Secondary Buyout
Advisor(s) BDO Capital Advisors LLC (Financial)

Target

Virtium

Rancho Santa Margarita, California, United States
Virtium manufactures industrial-grade, ruggedized memory and storage solutions that can withstand extreme conditions and have long useful lives. The Company’s hardware is sold in conjunction with software-enabled solutions, providing a fully integrated system of industrial applications to industrial OEMs. Virtium’s solutions are used in areas such as network routers, transportation, gaming and cell phone towers. Virtium was founded in 1997 and is based in Rancho Santa Margarita, California.

Search 201,429 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.

DEAL STATS #
Overall 50 of 67
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 24 of 31
State (California) 5 of 8
Country (United States) 47 of 64
Year (2019) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-12 Data Blue

Atlanta, Georgia, United States

Data Blue LLC delivers customized storage, backup and server virtualization and consolidated solutions to enterprise customers in North America. Data Blue was formed to redefine the Value Added Reseller space, offering both the customer and manufacturer something that’s a step above what is currently available in the marketplace. Data Blue delivers customized storage, backup and server virtualization and consolidation solutions to the Enterprise, with specific emphasis on Fortune 1000 companies. By utilizing our vast cross-platform integration expertise and unparalleled product knowledge, we deliver solutions that are perfectly tailored to meet the unique needs of your environment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-27 Offen Petroleum

Commerce City, Colorado, United States

Offen Petroleum is a provider of fuel, lubricants, and logistics services in Colorado and the Rocky Mountain region. Offen sources and sells fuel in 12 states. In addition to fuels, Offen's lubricants division provides products and solutions for the commercial, industrial, and passenger car segments, as well as diesel exhaust fluids used in emission controls. The Company operates a specialty logistics division that is a premier fuel carrier throughout Colorado. Offen Petroleum was founded in 1930 and is headquartered in Commerce City, Colorado.

Buy -

Seller(S) 1

SELLER

L Squared Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

L Squared Capital Partners is a private investment group focused on long-term investments in lower middle-market growth companies with $15 to $100 million in revenue. The Firm looks to commit $30 to $100 million per transaction and will consider opportunities throughout North America. Sectors of interest include tech-enabled services, industrial technology, and education. L Squared Capital was established in 2014 and is headquartered in Newport Beach, California.

DEAL STATS #
Overall 1 of 6
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 1 of 2
State (California) 1 of 2
Country (United States) 1 of 6
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-07 Kanopy

San Francisco, California, United States

Kanopy is a streaming video platform that offers millions of professors, students, and public library patrons free and convenient access to a unique collection of 30,000 highly curated films and documentaries. Kanopy was founded in 2008 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-10 Raptor Scientific

Berlin, Connecticut, United States

Raptor Scientific is a manufacturer of complex test and measurement solutions primarily serving the aerospace and defense end markets. The Company's products are highly engineered, proprietary components with significant aftermarket content and a strong presence across major aerospace and defense platforms. Raptor Scientific was founded in 2019 and is based in Berlin, Connecticut.

Buy -
Mergr

Product

Company

Legal