M&A Deal Summary

Dot Hill Systems Acquires Chaparral Network Storage

On February 24, 2004, Dot Hill Systems acquired technology hardware company Chaparral Network Storage from Celerity Partners for 72M USD

Acquisition Highlights
  • This is Dot Hill Systems’ 1st transaction in the Technology Hardware sector.
  • This is Dot Hill Systems’ largest (disclosed) transaction.
  • This is Dot Hill Systems’ 1st transaction in the United States.
  • This is Dot Hill Systems’ 1st transaction in Colorado.

M&A Deal Summary
Date 2004-02-24
Target Chaparral Network Storage
Sector Technology Hardware
Buyer(s) Dot Hill Systems
Sellers(s) Celerity Partners
Deal Type Add-on Acquisition
Deal Value 72M USD
Advisor(s) Needham & Co. LLC (Financial)

Target

Chaparral Network Storage

Longmont, Colorado, United States
Chaparral Network Storage, Inc. develops storage networking solutions for data intensive enterprise applications. Chaparral's mission is to enable connectivity of both Fibre Channel and SCSI high performance storage subsystems into the dynamic environment of enterprise-wide storage networks.

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Buyer(S) 1

Buyer

Dot Hill Systems

Longmont, Colorado, United States
Category Company
Founded 1988
Sector Technology Hardware
Employees324
Revenue 217M USD (2014)
DESCRIPTION

Dot Hill Systems Corp. is a designer and manufacturer of software and hardware storage systems for the entry and mid-range storage markets worldwide.

DEAL STATS #
Overall 1 of 2
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Colorado) 1 of 1
Country (United States) 1 of 2
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-05 Cloverleaf Communications

Woodbury, New York, United States

Cloverleaf Communications Inc. is a software company that provides a variety of heterogeneous storage virtualization and unified storage technologies. The Company was formed in 2001.

Buy -

Seller(S) 1

SELLER

Celerity Partners

Los Angeles, California, United States

Investor Investor Investor

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

Celerity Partners is a private equity firm that has invested equity capital in the change of control transactions of private companies. Celerity Partners typically partner with business owners to provide liquidity to entrepreneur and family-owned businesses, recapitalize existing owners of independent companies or facilitate corporate divestitures. Celerity Partners will consider investment opportunities across a wide range of industries in Healthcare, Contract Manufacturing, Energy Services, Infrastructure, and Environmental Services, and Transportation & Logistics. Celerity Partners was formed in 1995 and has offices in Los Angeles and Menlo Park.

DEAL STATS #
Overall 4 of 23
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 2 of 11
State (Colorado) 1 of 1
Country (United States) 3 of 21
Year (2004) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-15 Advanced Accessory Systems

Sterling Heights, Michigan, United States

Advanced Accessory Systems, is a global supplier of roof rack systems, towing systems and related lifestyle accessories to the automotive OEM and aftermarket.

Sell $260M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-25 O Premium Waters

Mesa, Arizona, United States

O Premium Waters has rapidly become the #2 bottled home and office delivery ('HOD') water company in Arizona. Since entering the HOD industry, O Premium Waters has demonstrated its ability to rapidly acquire and retain long-term customers.

Buy -
Mergr

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