M&A Deal Summary

Dubin Clark and Praesidian Capital Acquire Action Target

On January 10, 2016, private equity firm Dubin Clark and mezzanine finance firm Praesidian Capital acquired defense company Action Target from Five Points Capital

Acquisition Highlights
  • This is Dubin Clark’s 1st and Praesidian Capital’s 1st transaction in the Defense sector.
  • This is Dubin Clark’s 12th and Praesidian Capital’s 43rd transaction in the United States.
  • This is Dubin Clark’s 1st and Praesidian Capital’s 2nd transaction in Utah.

M&A Deal Summary
Date 2016-01-10
Target Action Target
Sector Defense
Buyer(s) Dubin Clark
Praesidian Capital
Sellers(s) Five Points Capital
Deal Type Recapitalization

Target

Action Target

Provo, Utah, United States
Action Target is a provider of shooting range equipment for law enforcement and military applications. Action Target’s key markets include commercial, law enforcement, and military. With over 4,000 products and 40 patents for the systems it designs and manufactures, Action Target differentiates itself from its competitors with its unique start-to-finish approach from design and engineering to manufacturing and installation. Action Target also designs systems and conducts firearms training for law enforcement and various military divisions. Action Target was founded in 1986 and is based in Provo, Utah.

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Buyer(S) 2

Buyer

Dubin Clark

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Dubin Clark is a private equity firm that acquires and builds businesses in partnership with management. Following an acquisition, Dubin Clark typically invests additional capital to help fund acquisitions and grow the business. Target sectors include retail, healthcare services, manufacturing, and business services. The Firm is a long-term investor and does not formulate a pre-defined exit plan. Dubin Clark was formed in 1984 and is based in Jacksonville, Florida.

DEAL STATS #
Overall 12 of 23
Sector (Defense) 1 of 1
Type (Recapitalization) 4 of 8
State (Utah) 1 of 1
Country (United States) 12 of 23
Year (2016) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 InProduction

Warrenville, Illinois, United States

InProduction is a provider of rental staging and seating solutions for special events. InProduction designs deliver and installs high-quality temporary audience risers, stadium seating, platforms, drapery, and scenery for high-end sporting, corporate, and other special events. InProduction is based in Warrenville, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-16 Johnny on the Spot

Old Bridge Township, New Jersey, United States

Johnny on the Spot, Inc. is a provider of portable toilets and related products to the special event and construction industries, as well as residential and commercial septic system maintenance, inspections, repairs and installations in New Jersey, New York and Pennsylvania.

Sell -
Buyer

Praesidian Capital

Oklahoma City, New York, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Praesidian Capital is a mezzanine debt provider for middle-market companies throughout the US and Europe. Praesidian looks to provide junior capital to businesses with revenues between $3 and $100 million and EBITDA between $250k and $20 million. Capital is typically used to support acquisitions, management/leveraged buyouts, recapitalizations, and restructurings. Praesidian will not invest in oil & gas exploration, financial services, real estate, or start-ups. Praesidian Capital was formed in 2002 and is based in New York City.

DEAL STATS #
Overall 46 of 51
Sector (Defense) 1 of 1
Type (Recapitalization) 14 of 14
State (Utah) 2 of 2
Country (United States) 43 of 48
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-15 Datamyne

Miami, Florida, United States

Datamyne, Inc. is a provider of cloud-based trade data content solutions for customers to analyze import and export trade activity.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-30 Meheen Manufacturing

Louisville, Colorado, United States

Meheen Manufacturing is a manufacturer and provider of advanced machinery to the global beverage industry with a focus on the rapidly growing craft beer segment. Meheen Manufacturing was founded in 2003 and is based in Louisville, Colorado.

Sell -

Seller(S) 1

SELLER

Five Points Capital

Winston-Salem, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.

DEAL STATS #
Overall 26 of 58
Sector (Defense) 1 of 1
Type (Recapitalization) 4 of 5
State (Utah) 3 of 3
Country (United States) 26 of 58
Year (2016) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-04 Stella Rising

New York, New York, United States

Stella Rising is a media strategy, planning and buying company to emerging and established brands in the fashion, beauty, health, food and beverage industries. Stella Rising was established in 1982 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-28 Marketplace Events

Solon, Ohio, United States

Marketplace Events (fka: Dmg world media co.) produces 38 consumer home shows in 27 markets across North America that collectively attract 14,000 exhibitors, one million attendees and nearly another one million unique web visitors annually.

Sell -
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