M&A Deal Summary |
|
|---|---|
| Date | 2019-06-20 |
| Target | Essco |
| Sector | Distribution |
| Buyer(s) |
CW Industrial Partners
First Commonwealth Bank |
| Sellers(s) | Cardinal Equity Partners |
| Deal Type | Secondary Buyout |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 500M USD |
| Size | Middle-Market |
| Type | Sector Focused |
CW Industrial Partners is an industrial-focused private equity firm that is backed by knowledgeable investors who partner with it in finding, vetting, and owning companies. CW Industrial Partners acquires lower middle-market companies in manufacturing and industrial services industries and provides capital, support, and freedom to grow. CW Industrial Partners was founded in 1999 and is based in Cleveland, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 28 |
| Sector (Distribution) | 1 of 1 |
| Type (Secondary Buyout) | 5 of 7 |
| State (Ohio) | 10 of 12 |
| Country (United States) | 21 of 26 |
| Year (2019) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-21 |
Libra Industries
Dayton, Ohio, United States Libra Industries is a vertically integrated contract manufacturer providing electronic manufacturing services (EMS) to OEMs in the aerospace, defense, medical, semiconductor, communications, and industrial markets. Libra Industries was founded in 1980 and is headquartered in Dayton, Ohio. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-08-16 |
Chemtron
Avon, Ohio, United States Chemtron is a provider of environmental services to an array of industries both private and public. Chemtron offers total environmental solutions ranging from ordinary to even the most challenging. Chemtron was formed in 1964 and is based in Avon, Ohio. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1934 |
| Sector | Financial Services |
| Employees | 1,465 |
| Revenue | 482M USD (2023) |
First Commonwealth Bank is a financial holding company. It operates 110 retail branch offices in 15 counties in western and central Pennsylvania through First Commonwealth Bank a Pennsylvania chartered bank and trust company. Insurance products are also provided through First Commonwealth Insurance Agency. First Commonwealth Bank was incorporated in 1934 and is based in Indiana, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 7 |
| Sector (Distribution) | 1 of 1 |
| Type (Secondary Buyout) | 1 of 1 |
| State (Ohio) | 1 of 2 |
| Country (United States) | 5 of 7 |
| Year (2019) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-04-22 |
Santander Bank N.A. - 14 Branches
Boston, Massachusetts, United States Santander Bank, N.A. - 14 Branches located in central Pennsylvania. The branches are located in State College, Lock Haven, Williamsport, South Williamsport, Lewisburg, Danville, Montoursville, Beech Creek, Jersey Shore, Milton, Muncy and Renovo, Pennsylvania, and comprise approximately $525 million of deposits and $120 million of retail and business loans as of March 31, 2019. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-08-30 |
Centric Financial
Harrisburg, Pennsylvania, United States Centric Financial is a locally owned, locally loaned community bank, Centric Bank provides competitive and pro-growth financial services to businesses, professionals, individuals, families, and the health care industry. Centric Financial was founded in 2007 and is based in Harrisburg, Pennsylvania. |
Buy | $144M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Cardinal Equity Partners is a privately owned partnership that targets investments in lower middle-market businesses headquartered in the central portion of the US. Cardinal looks for light manufacturing, distribution, or service businesses with $5 to $50 million in revenue and at least $1 million of EBITDA. Prospective transaction situations include management buyouts, recapitalizations, family successions, and corporate spin-offs. Cardinal prefers businesses with proven management, recurring revenue, and no major customer concentration issues. Cardinal will not invest in software, heavy manufacturing, automotive, consulting, or companies with a significant percentage of non-US sales. Cardinal Equity Partners was formed in 1993 and is based in Indianapolis, Indiana.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 15 |
| Sector (Distribution) | 2 of 3 |
| Type (Secondary Buyout) | 3 of 4 |
| State (Ohio) | 2 of 2 |
| Country (United States) | 10 of 15 |
| Year (2019) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-09-05 |
EastPoint Sports
Succasunna, New Jersey, United States EastPoint Sports designs, sources, and distributes indoor and outdoor home recreational products through mass retail and e-commerce channels. The EastPoint Sports family of brands includes Go! Gater, Majik, Rec-Tek, Classic Sport, Narwhal, NHL, HEAD, PENN, Kan Jam, and Pro-Line Tailgating. EastPoint Sports was founded in 2009 and is based in Succasunna, New Jersey. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-07-01 |
Motion Tech
Oakdale, Minnesota, United States Motion Tech is a distributor and custom solutions provider of precision motion control (“PMC”) components and assemblies, serving OEMs and industrial companies in the packaging, medical, factory automation, semiconductor, and aerospace/defense markets. Motion Tech was founded in 1987 and is headquartered in Oakdale, Minnesota. |
Sell | $33M |
