M&A Deal Summary

Crown Capital Acquires Ace-Tex Enterprises

On May 8, 2023, private equity firm Crown Capital acquired apparel/textiles company Ace-Tex Enterprises

Acquisition Highlights
  • This is Crown Capital’s 2nd transaction in the Apparel/Textiles sector.
  • This is Crown Capital’s 12th transaction in the United States.
  • This is Crown Capital’s 3rd transaction in Michigan.

M&A Deal Summary
Date 2023-05-08
Target Ace-Tex Enterprises
Sector Apparel/Textiles
Buyer(s) Crown Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Ace-Tex Enterprises

Detroit, Michigan, United States
Ace-Tex Enterprises is a manufacturer and distributor of wiping cloths and towels. Ace-Tex Enterprises was founded in 1946 and is based in Detroit, Michigan.

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Buyer(S) 1

Buyer

Crown Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
Size Small
Type Sector Agnostic
DESCRIPTION

Crown Capital is a private equity firm focused on acquiring lower middle-market companies. The Firm seeks established North America-based businesses with stable revenues and EBITDA of $1 to $6 million. Crown invests in a variety of industries including building and consumer products, distribution, environmental services, niche manufacturing, and transportation and logistics. Crown Capital was founded in 2014 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 12 of 12
Sector (Apparel/Textiles) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 12 of 12
State (Michigan) 3 of 3
Country (United States) 12 of 12
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-28 Pacific Yurts

Cottage Grove, Oregon, United States

Pacific Yurts is a designer and manufacturer of the modern yurt by advancing sheltered structures and expanded usability through cutting-edge innovations such as reflective insulation, structural upgrades for snow and wind, and energy-efficient windows. Pacific Yurts was formed in 1978 and is based in Cottage Grove, Oregon.

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