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  6. Cyprium Partners Acquires Honsador Holdings

M&A Deal Summary

Cyprium Partners Acquires Honsador Holdings

On January 1, 2004, mezzanine finance firm Cyprium Partners acquired building materials company Honsador Holdings

Acquisition Highlights
  • This is Cyprium Partners’ 1st transaction in the Building Materials sector.
  • This is Cyprium Partners’ 9th transaction in the United States.
  • This is Cyprium Partners’ 1st transaction in Hawaii.
Investment Fate
  • Honsador Holdings was sold to a consortium of financial buyers in 2014.
  • Honsador Holdings was sold to a publicly-traded strategic buyer in 2017.

M&A Deal Summary
Date 2004-01-01
Target Honsador Holdings
Sector Building Materials
Buyer(s) Cyprium Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Honsador Holdings

Kapolei, Hawaii, United States
Honsador is the largest independent distributor of building products and electrical supplies in the state of Hawaii, serving the residential, commercial, and military markets. Founded in 1935, the Company operates out of two divisions: Honsador Lumber and Building Materials (“LBM”) and Alpha Electric (“Alpha”). LBM is the largest independent lumber and building materials distributor on the big island, and Alpha is the largest independent distributor of electrical products in the state of Hawaii.

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Buyer(S) 1

Buyer

Cyprium Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1998
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Cyprium Partners is a private investment firm that provides mezzanine and equity capital to profitable, middle-market companies. The Firm will consider both non-control and control positions in businesses with revenue of $50 to $300 million and at least $8 million of EBITDA. Sectors of interest include traditional industries such as manufacturing, distribution, and services. Cyprium avoids investments in financial services, real estate, energy, commodities, natural resources, restaurants, long-term care and healthcare companies. Cyprium was formerly known as Key Principal Partners. The Firm has offices in Cleveland, Ohio and New York City.

DEAL STATS #
Overall 10 of 53
Sector (Building Materials) 1 of 4
Type (Buyout (LBO, MBO, MBI)) 7 of 24
State (Hawaii) 1 of 1
Country (United States) 9 of 50
Year (2004) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 ASIMCO

Beijing, China

ASIMCO is a manufacturer of automotive and heavy-duty truck components in China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-01 Xaloy

New Castle, Pennsylvania, United States

Xaloy is the manufacturer of plastification units and components. These components are used in plastic injection molding and extrusion processing machinery sold to original equipment manufacturers and in the aftermarket to plastic processors.

Buy -
Mergr

Product

Company

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