M&A Deal Summary

CPC Acquires Drug Free Sport

On February 12, 2024, CPC acquired life science company Drug Free Sport from Valesco Industries

Acquisition Highlights
  • This is CPC’s 1st transaction in the Life Science sector.
  • This is CPC’s 2nd transaction in the United States.
  • This is CPC’s 1st transaction in Missouri.

M&A Deal Summary

Date 2024-02-12
Target Drug Free Sport
Sector Life Science
Buyer(s) CPC
Sellers(s) Valesco Industries
Deal Type Add-on Acquisition
Advisor(s) Boxwood Partners (Financial)

Target

Drug Free Sport

Kansas City, Missouri, United States
Drug Free Sport is a provider of drug testing and compliance services for professional and amateur athletic organizations providing customized drug-testing programs and other drug prevention initiatives to ensure fair and safe sport on the global scale or organizations including the NFL, NBA, NCAA, PGA and NASCAR. Drug Free Sport was founded in 1999 and is based in Kansas City, Missouri.

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Buyer(S) 1

Buyer

CPC

Kansas City, Missouri, United States

Category Company
Sector Business Services
DESCRIPTION

CPC makes long-term investments and is organized as a company, not around funds like many traditional Private Equity firms. The company is owned by large family offices and successful entrepreneurs that are collectively aligned around long-term decision-making and wealth creation. CPC was formed from the merging of Curran Companies’ and C3 Capital’s management teams. It seeks to deploy at least $500MM into lower middle market businesses over the next five years. CPC is based in Kansas City, Missouri.


DEAL STATS #
Overall 2 of 2
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Missouri M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-16 Component Sourcing International

Charlotte, North Carolina, United States

Component Sourcing International is a distributor providing component sourcing, kitting, sub-assembly, logistics and vendor/inventory management services for industrial and material handling manufacturers and OEMs. Component Sourcing International was founded in 1982 and is based in Charlotte, North Carolina.

Buy -

Seller(S) 1

DESCRIPTION

Valesco Industries is a private equity firm focused on growth-oriented small and lower middle-market businesses across the US. Valesco seeks profitable companies with EBITDA of at least $4 million and revenue between $15 and $100 million in the manufacturing, distribution, and business services sectors. The Firm considers both minority and majority positions as well as provides subordinated debt to support owner successions, management buyouts, recapitalizations, and growth financings. Valesco does not invest in start-ups, real estate, financial services, and turnarounds. Valesco Industries was established in 1993 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 2 of 3
Sector: Life Science M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Missouri M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-10 HoodMart

Elyria, Ohio, United States

HoodMart specializes in the design, manufacture and sale of ventilation systems (exhaust hoods) for the large and growing commercial cooking industry. HoodMart is based in Elyria, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-26 BloApCo

Germantown, Wisconsin, United States

BloApCo designs and manufactures highly engineered solid waste and scrap handling systems and process equipment. BloApCo’s products include shredding systems, trim handling systems, material handling fans, and conveying systems primarily utilized in the paper, packaging, and corrugated industries. BloApCo was founded in 1933 and is based in Germantown, Wisconsin.

Buy -