M&A Deal Summary

Crossville Studios Acquires Capco

On November 4, 2015, Crossville Studios acquired building materials company Capco from Greyrock Capital Group and Caffery Capital Partners

Acquisition Highlights
  • This is Crossville Studios’ 1st transaction in the Building Materials sector.
  • This is Crossville Studios’ 1st transaction in the United States.
  • This is Crossville Studios’ 1st transaction in Colorado.

M&A Deal Summary
Date 2015-11-04
Target Capco
Sector Building Materials
Buyer(s) Crossville Studios
Sellers(s) Greyrock Capital Group
Caffery Capital Partners
Deal Type Add-on Acquisition

Target

Capco

Denver, Colorado, United States
Capco is a manufacturer of ceramic tile, stone tile, and stone slabs from sources around the globe. Capco was founded in 1977 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Crossville Studios

Crossville, Tennessee, United States
Category Company
Sector Building Materials
DESCRIPTION

Crossville Studios is a provider of porcelain tile, natural stone, glass, mosaics, porcelain countertops, and more. Crossville Studios services major metro areas in Alabama, Colorado, Florida, Georgia, North Carolina, Oklahoma. Crossville Studios is based in Crossville, Tennessee.

DEAL STATS #
Overall 1 of 2
Sector (Building Materials) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Colorado) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-12 Contempo Tile & Stone

Salt Lake City, Utah, United States

Contempo Tile & Stone is an independent distributor of high-end ceramic and natural stone tile, granite and marble slab and other setting materials. Contempo Tile & Stone was founded in 1978 and is based in Salt Lake City, Utah.

Buy -

Seller(S) 2

SELLER

Greyrock Capital Group

Walnut Creek, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Greyrock Capital Group provides mezzanine debt and equity capital to finance buyouts, recapitalizations and growth needs of middle market companies. Greyrock looks to invest between $8 and $40 million of equity and/or junior capital in companies with minimum revenues of $10 million and at least $2 million of EBITDA. Greyrock prefers companies in defensible markets with low cost structures. Greyrock Capital was formed in 2002 and has offices in San Francisco, California; Chicago, Illinois; and Westport, Connecticut.

DEAL STATS #
Overall 25 of 45
Sector (Building Materials) 4 of 4
Type (Add-on Acquisition) 14 of 23
State (Colorado) 1 of 1
Country (United States) 25 of 45
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 Solair Group

Miami, Florida, United States

Solair Group is a provider and supplier of low-cost tooling and Ground Support Equipment (GSE) for all types of aircraft. Solair Group offers a broad range of manufactured and sourced maintenance tooling products along with full-service technical support, repairs, recertification, and calibration to all of our Airline, MRO, and military customers across the globe. Solair Group was founded in 2001 and is based in Miami, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Paleteria La Michoacana

Modesto, California, United States

Paleteria La Michoacana is a producer, marketer, and distributor of premium ice cream and other fine desserts. The Company is known for its fine quality and methods used to produce its paletas, using natural fruits and ingredients of the highest quality. Paleteria La Michoacana was founded in 2002 and is based in Modesto, California.

Buy -
SELLER

Caffery Capital Partners

Winnetka, Illinois, United States
Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Caffery Capital Partners LLC is a private equity firm focused on acquiring US and Canadian middle-market companies in partnership with entrepreneurs and management. Areas of interest include niche manufacturing, service providers, value-added distributors, and business process outsource providers. Target companies typically have revenues between $5 and $100 million and EBITDA of $1 to $20 million. Caffery will not invest in retail, restaurants, start-ups, real estate, commodity products, biotech, natural resource development, or businesses exposed to commodity price fluctuations. Caffery Capital was formed in 2002 and is based in Winnetka, Illinois.

DEAL STATS #
Overall 3 of 3
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Colorado) 1 of 1
Country (United States) 3 of 3
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-31 Creditors Interchange Receivable Management

Cheektowaga, New York, United States

Creditors Interchange Receivable Management LLC (Creditors Interchange) is a full service, nationally licensed collections and accounts receivable management firm. Founded in 1960 as a collection agency for area physicians, Creditors Interchange has grown to become one of industry’s top privately held receivable management firms with several offices nationwide.CI currently services the nation’s leading credit issuers, including banks and credit unions, credit card issuers, debt purchasers, auto lenders, and many other industries. We offer first and third party collection services on primary, secondary and tertiary accounts, with distinct and effective strategies utilized at each level of account placement.

Sell -
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