M&A Deal Summary

Crescentia Capital and Plexus Capital Acquire Machine Specialties

On September 17, 2021, private equity firms Crescentia Capital and Plexus Capital acquired machinery company Machine Specialties

Acquisition Highlights
  • This is Crescentia Capital’s 1st and Plexus Capital’s 3rd transaction in the Machinery sector.
  • This is Crescentia Capital’s 17th and Plexus Capital’s 112th transaction in the United States.
  • This is Crescentia Capital’s 2nd and Plexus Capital’s 15th transaction in North Carolina.

M&A Deal Summary

Date 2021-09-17
Target Machine Specialties
Sector Machinery
Buyer(s) Crescentia Capital
Plexus Capital
Deal Type Recapitalization

Target

Machine Specialties

Whitsett, North Carolina, United States
Machine Specialties is a manufacturer of high-precision components for customers in the aerospace and defense, medical, packaging, and industrial industries. With a vast array of CNC milling, turning, grinding, finishing, and assembly capabilities complemented by engineering and prototyping services, MSI can handle the smallest components going into satellite and medical applications to very large parts such as landing gear for military cargo planes. Machine Specialties was founded in 1969 and is based in Whitsett, North Carolina.

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Buyer(S) 2

Buyer

Crescentia Capital

Towson, Maryland, United States

Category Private Equity Firm
Founded 1995
PE ASSETS 635M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Crescentia Capital is the equity buyout arm of Calvert Street Investment Partners. The firm focuses on lower middle-market investments in industrial services, infrastructure services, and specialty manufacturing. Crescentia Capital focuses on companies with EBITDA between $3 million and $15 million. Crescentia Capital was formed in 1995 and is based in Towson, Maryland.


DEAL STATS #
Overall 18 of 22
Sector: Machinery M&A 1 of 1
Type: Recapitalization M&A Deals 5 of 5
State: North Carolina M&A 2 of 2
Country: United States M&A 17 of 21
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-26 FDS Amplicare

Fort Worth, Texas, United States

FDS Amplicare is a provider of software and technology-enabled data solutions to the healthcare services industry. FDS Amplicare provides health care data services including prescription claims routing, prescription claims reviews & edits, robust data warehousing, e-prescribing, online DME claims processing, claims reconciliation, claims management backend services, patient education programs, and revenue-enhancing programs. FDS Amplicare was founded in 2011 and is based in Fort Worth, Texas.

Sell $177M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-19 Premium Inspection & Testing

Baton Rouge, Louisiana, United States

Premium Inspection & Testing is a premier provider of non-destructive testing and inspection services to midstream oil and gas companies as well as customers in the nuclear, civil infrastructure, and defense industries. Premium Inspection & Testing is based in Baton Rouge, Louisiana.

Sell -
Buyer

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 112 of 149
Sector: Machinery M&A 3 of 5
Type: Recapitalization M&A Deals 29 of 29
State: North Carolina M&A 15 of 19
Country: United States M&A 112 of 149
Year: 2021 M&A 14 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 Hayes Software Systems

Austin, Texas, United States

Hayes Software Systems is a provider of SaaS software and service solutions designed to educate school districts on how to best manage their inventories. Hayes Software Systems was founded in 1990 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 Local Hive Honey

Greeley, Colorado, United States

Local Hive Honey produces 23 varietals of raw and unfiltered honey sourced exclusively from local beekeepers across various states and regions. Local Hive Honey is based in Greeley, Colorado.

Sell -