M&A Deal Summary

Credo Private Capital and Leelanau Private Capital Acquire Smede-Son Steel & Building Supply

On January 3, 2023, private equity firms Credo Private Capital and Leelanau Private Capital acquired building materials company Smede-Son Steel & Building Supply

Acquisition Highlights
  • This is Credo Private Capital’s 1st and Leelanau Private Capital’s 2nd transaction in the Building Materials sector.
  • This is Credo Private Capital’s 3rd and Leelanau Private Capital’s 4th transaction in the United States.
  • This is Credo Private Capital’s 3rd and Leelanau Private Capital’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2023-01-03
Target Smede-Son Steel & Building Supply
Sector Building Materials
Buyer(s) Credo Private Capital
Leelanau Private Capital
Deal Type Recapitalization

Target

Smede-Son Steel & Building Supply

Detroit, Michigan, United States
Smede-Son Steel & Building Supply provides 100 different steel beam sizes and a multitude of building supplies, we pride ourselves on quick, personal, and knowledgeable service with competitive pricing. Smede-Son Steel & Building Supply was founded in 1954 and is based in Detroit, Michigan.

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Buyer(S) 2

Buyer

Credo Private Capital

Investor

Category Private Equity Firm
Founded 2020
Size Small
Type Sector Agnostic
DESCRIPTION

Credo Private Capital is a private equity investment firm that provides small business owners and management teams access to an investment partner that does not have the constraints associated with traditional private equity. The investments range in size from $1 million to over $30 million of EBITDA across a wide variety of industries including manufacturing, value-add distribution, and business services. Credo Private Capital was established in 2020 and is headquartered in Birmingham, Michigan.

DEAL STATS #
Overall 3 of 3
Sector (Building Materials) 1 of 1
Type (Recapitalization) 2 of 2
State (Michigan) 3 of 3
Country (United States) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-05 Tuff Turf Molebusters

Byron Center, Michigan, United States

Tuff Turf Molebusters is a regional provider of subscription-based pest control and fertilizer services and is focused on the residential customers and dedicated to providing superior quality and service. Tuff Turf Molebusters was founded in 1994 and is based in Byron Center, Michigan.

Buy -
Buyer

Leelanau Private Capital

Category Private Equity Firm
Founded 2020
Size Small
Type Sector Agnostic
DESCRIPTION

Leelanau Private Capital (LPC) is a private equity firm focused on control investments in businesses located in the Eastern and Central US. Target companies generally have $10 to $200 million in revenue and $3 to $20 million of EBITDA. LPC typically invests in the manufacturing and distribution sectors, and does not invest in start-ups. Leelanau Private Capital was founded in 2020 and is based in Birmingham, Michigan.

DEAL STATS #
Overall 4 of 4
Sector (Building Materials) 2 of 2
Type (Recapitalization) 2 of 2
State (Michigan) 2 of 2
Country (United States) 4 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 BSM Wall Systems

Lenexa, Kansas, United States

BSM Wall Systems is a multi-location specialty contractor specializing in installation, wholesale, and retail sales of stone, stucco, brick, block, and masonry products. BSM Wall Systems was founded in 2008 and is based in Lenexa, Kansas.

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