M&A Deal Summary

Dakota Capital, Quabbin Capital, Laud Collier Capital and TGF Management Acquire Lofland Acquisition

On January 1, 1998, private equity firm Dakota Capital, asset manager Quabbin Capital, merchant bank Laud Collier Capital and private equity firm TGF Management acquired distribution company Lofland Acquisition

Acquisition Highlights
  • This is Dakota Capital’s 1st, Quabbin Capital’s 1st, Laud Collier Capital’s 1st and TGF Management’s 1st transaction in the Distribution sector.
  • This is Dakota Capital’s 1st, Quabbin Capital’s 1st, Laud Collier Capital’s 4th and TGF Management’s 6th transaction in the United States.
  • This is Dakota Capital’s 1st, Quabbin Capital’s 1st, Laud Collier Capital’s 1st and TGF Management’s 3rd transaction in Texas.
Investment Fate
  • Lofland Acquisition was sold to a publicly-traded strategic buyer in 2003 for 47M USD.

M&A Deal Summary

Date 1998-01-01
Target Lofland Acquisition
Sector Distribution
Buyer(s) Dakota Capital
Quabbin Capital
Laud Collier Capital
TGF Management
Deal Type Recapitalization

Target

Lofland Acquisition

Houston, Texas, United States
Lofland Acquisition, Inc. is a distributor of steel rebar and other construction related products.

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Buyer(S) 4

Buyer

Dakota Capital

Dallas, Texas, United States

Category Private Equity Firm
Founded 1995
Size Small
Type Sector Agnostic
DESCRIPTION

Dakota Capital is a private investment firm focused on middle-market manufacturing and service company acquisitions. Dakota Capital targets growth oriented companies with $10 to $100 million in annual revenues located in the continental US. Prospective transaction situations include recapitalizations, management buyouts, generational changes of ownership and corporate divestitures. The Firm will not invest in retail, real estate, natural resources, turnarounds, distressed companies or startups. Dakota Capital is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1998 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-23 Lofland Acquisition

Houston, Texas, United States

Lofland Acquisition, Inc. is a distributor of steel rebar and other construction related products.

Sell $47M
Buyer

Quabbin Capital

Boston, Massachusetts, United States

Investor Investor


Category Asset Manager
Founded 1974
Size Small
Type Sector Agnostic
DESCRIPTION

Quabbin Capital is a private investment group focused on alternative asset investments in the US and abroad. Quabbin looks for opportunities in private equity, mezzanine loans, venture capital, energy, real estate, and hedge funds. Within private equity, Quabbin pursues equity and junior capital investments in established, profitable manufacturing or business service companies with revenues of $10 to $50 million. Quabbin Capital was formed in 1974 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 9
Sector: Distribution M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 3
State: Texas M&A 1 of 3
Country: United States M&A 1 of 9
Year: 1998 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-01 The ADS Group

Plymouth, Minnesota, United States

The ADS Group is a provider of outsourced CD-ROM manufacturing, diskette duplication and related fulfillment services. These services include, CD mastering, replication, pre-press design, printing, packaging, distribution and fulfillment services; and diskette duplication and fulfillment services. ADS specializes in servicing software professionals who require short lead times and maximum flexibility from their service providers. CD-ROM disks are used for data, software, games and promotional applications. The ADS Group was founded in 1989 and is based in Plymouth, Minnesota.

Buy -
Buyer

Laud Collier Capital

Short Hills, New Jersey, United States

Investor Investor Investor


Category Merchant Bank
Founded 2002
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Laud Collier Capital LLC is a private equity firm focused on acquiring controlling interests in US based middle-market companies. Sectors of interest include basic materials, consumer products, business services, distribution, and transportation. Laud Collier looks to commit $5 to $25 million of equity capital per transaction in companies valued up to $150 million. Laud Collier will not invest in oil and gas exploration, real estate, technology development, or retailing. Laud Collier Capital LLC was formed in 2002 and is based in Chatham, New Jersey.


DEAL STATS #
Overall 4 of 13
Sector: Distribution M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 2
State: Texas M&A 1 of 2
Country: United States M&A 4 of 12
Year: 1998 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-12-01 B&G Foods

Parsippany, New Jersey, United States

B&G Foods is a manufacturer, seller, and distributor of a diversified portfolio of high-quality, shelf-stable branded food products including pickles and peppers, hot sauces, wine vinegar, maple syrup, molasses, snack foods, fruit spreads, pasta sauces, beans, ready-to-use spices, salad dressings, marinades, taco shells and kits, and taco sauce and seasonings. B&G Foods was founded in 1822 and is based in Parsippany, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-22 Ames Taping Tools

Duluth, Georgia, United States

Ames Taping Tools is a designer, manufacturer, rents, and sells specialized construction equipment used for taping and finishing drywall. Ames Taping Tools was founded in 1939 and is based in Duluth, Georgia.

Sell -
Buyer

TGF Management

Austin, Texas, United States

Category Private Equity Firm
Founded 1992
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

TGF Management is a private equity firm focused on management buyouts and recapitalizations of profitable, middle-market companies generating sales of $50 to $250 million and EBITDA of $5 of $25 million. Areas of interest include manufacturing, distribution, construction, industrial service, outsourced business services, food, and consumer products. TGF's target investment size is $25 to $100 million and the Firm's geographic focus is on opportunities in the Southwest US. TGF will not invest in oil/gas exploration and production companies, real estate, and businesses with 'significant technology risk'. TGF Management was formed in 1992 and is based in Austin, Texas.


DEAL STATS #
Overall 6 of 22
Sector: Distribution M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 4
State: Texas M&A 3 of 13
Country: United States M&A 6 of 22
Year: 1998 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-29 Insperity

Kingwood, Texas, United States

Insperity is a provider of human resource and business solutions designed to help improve business performance. Insperity advisors offer comprehensive workforce optimization solutions to help deliver administrative relief, reduced liabilities and a systematic way to improve productivity. Insperity was formed in 1986 and is based in Kingwood, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 At Home Group

Coppell, Texas, United States

At Home Group is a retailer of decorative home accessories, seasonal products, and craft materials. At Home Group offers more than 50,000 on-trend home products to fit any budget or style, from furniture, mirrors, rugs, art, and housewares to tabletop, patio, and seasonal decor. At Home Group was founded in 1979 and is based in Coppell, Texas.

Buy -