M&A Deal Summary

EagleTree Capital and Stellus Capital Management Acquire Invincible Boat

On July 15, 2019, private equity firms EagleTree Capital and Stellus Capital Management acquired marine company Invincible Boat

Acquisition Highlights
  • This is EagleTree Capital’s 2nd and Stellus Capital Management’s 1st transaction in the Marine sector.
  • This is EagleTree Capital’s 33rd and Stellus Capital Management’s 14th transaction in the United States.
  • This is EagleTree Capital’s 1st and Stellus Capital Management’s 2nd transaction in Florida.

M&A Deal Summary

Date 2019-07-15
Target Invincible Boat
Sector Marine
Buyer(s) EagleTree Capital
Stellus Capital Management
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) VRA Partners (Financial)
Holland & Knight (Legal)

Target

Invincible Boat

Opa Locka, Florida, United States
Invincible Boat is a premium manufacturer of high-performance saltwater fishing boats. The company offers a portfolio of semi-custom monohull and catamaran models ranging from 33’ to 42’, designed for superior quality, ride, and tournament-level fishability. Invincible Boat was founded in 2006 and is based in Opa Locka, Florida.

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Buyer(S) 2

Buyer

EagleTree Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 4.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

EagleTree Capital is an independent private equity and investment firm focused on mid-market leveraged buyouts. The Firm's buyout group looks to invest $50 to $200 million to support acquisitions of profitable companies in the media/communications, consumer products, and water/industrial products and services sectors. EagleTree Capital was formerly known as Wasserstein Partners, an investment firm formed by Bruce Wasserstein, the late CEO of investment bank Lazard Freres. EagleTree Capital is based in New York City.


DEAL STATS #
Overall 35 of 47
Sector: Marine M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 16 of 20
State: Florida M&A 1 of 3
Country: United States M&A 33 of 45
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-15 Gaylord Chemical

Covington, Louisiana, United States

Gaylord Chemical is a manufacturer of dimethyl sulfide (DMS) and dimethyl sulfoxide (DMSO), environmentally safe, non-toxic solvents with a variety of commercial applications in agriculture, microelectronics, petrochemical, pharmaceutical and other end markets. Gaylord Chemical was founded in 1988 and is based in Covington, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-22 Corsair

Milpitas, California, United States

Corsair designs and sells gaming and streaming peripherals, components, and systems in Europe, the Middle East, North Africa, North America, Latin America, and the Asia Pacific. The company operates in two segments, Gamer and Creator Peripherals, and Gaming Components and Systems. Corsair was founded in 1994 and is based in Milpitas, California.

Sell -
Buyer

Stellus Capital Management

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stellus Capital Management is a provider of debt and equity capital to middle-market companies headquartered throughout the US and Canada. For credit commitments, Stellus looks to provide $10 to $50 million of capital to help support buyouts, acquisitions, recapitalization, growth opportunities, rescue financing, distressed situations, as well as bridge loans. Sectors' of interest for Stellus' credit practice includes business services, energy, general industrial, government, healthcare, software and specialty finance. Stellus' equity practice seeks to provide $20 to $100 million to small and mid-sized energy (upstream, oilfield services, midstream) companies. Stellus Capital was originally formed in 2004 as Laminar Direct Capital and operated as the direct investing unit of D.E. Shaw. The Group became independent in 2012. Stellus has offices in Houston, New York City, and Washington DC.


DEAL STATS #
Overall 14 of 86
Sector: Marine M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 23
State: Florida M&A 2 of 9
Country: United States M&A 14 of 83
Year: 2019 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 PCS Software

Houston, Texas, United States

PCS Software develops and directly markets an integrated transportation management software solution for the inland trucking industry in the United States and Canada. PCS Software was founded in 1997 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-30 Naumann Hobbs Material Handling

Phoenix, Arizona, United States

Naumann Hobbs Material Handling is a full-service material handling dealership that leases, sells, and services a variety of electric and internal combustion forklifts and other commercial products. Naumann Hobbs operates along five lines of business that work together to provide the most attractive value proposition in this sector in the southwestern United States. Naumann Hobbs Material Handling was founded in 1949 and is based in Phoenix, Arizona.

Buy -