M&A Deal Summary

EBSCO Capital Acquires Bailey

On September 5, 2019, corporate investor EBSCO Capital acquired machinery company Bailey from Pfingsten Partners

Acquisition Highlights
  • This is EBSCO Capital’s 1st transaction in the Machinery sector.
  • This is EBSCO Capital’s 4th transaction in the United States.
  • This is EBSCO Capital’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2019-09-05
Target Bailey
Sector Machinery
Buyer(s) EBSCO Capital
Sellers(s) Pfingsten Partners
Deal Type Secondary Buyout

Target

Bailey

Knoxville, Tennessee, United States
Bailey is a manufacturer and distributor of mobile fluid power components including hydraulic cylinders, power units, pumps, valves, motors, hoses and fittings, bearings, and bushings used primarily in mobile equipment applications. Since its founding, the company has evolved into a diversified, industry-leading manufacturer and distributor of highly engineered hydraulic cylinders and related products. Bailey was formed in 1976 and is headquartered in Knoxville, Tennessee.

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Buyer(S) 1

Buyer

EBSCO Capital

Investor Investor Investor

Category Corporate Investor
Founded 2014
PE ASSETS 300M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

EBSCO Capital is the private equity investment arm of privately held conglomerate EBSCO Industries. EBSCO Capital looks to make control investments in North American companies operating in traditional industries. Sectors of interest for platform investments include business services, manufacturing, distribution, and consumer products. Target companies are generally profitable ($8 to $25 million of EBITDA) and possess strong management, proven track records of success, low capital expenditures, and diverse customers. EBSCO Capital was formed in2014 and is based in Birmingham, Alabama.

DEAL STATS #
Overall 4 of 7
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Tennessee) 1 of 1
Country (United States) 4 of 6
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-17 All Current

Moorestown, New Jersey, United States

All Current is a reseller of electrical parts and components used in heavy-duty industrial, infrastructure, and energy applications, including conduit fittings, circuit breakers, motor control systems, and wiring devices. All Current was formed in 1981 and is based in Moorestown, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-31 Biso Collective

Birmingham, Alabama, United States

Biso Collective is a holding company that is focused on acquiring and investing in software that is critical to the operation of a business with teams that are culture-focused and customer-obsessed. Biso Collective is based in Birmingham, Alabama.

Buy -

Seller(S) 1

SELLER

Pfingsten Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Pfingsten's office building at 300 North LaSalle in Chicago.
Pfingsten's office building at 300 North LaSalle in Chicago.

Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.

DEAL STATS #
Overall 31 of 40
Sector (Machinery) 5 of 6
Type (Secondary Buyout) 11 of 17
State (Tennessee) 2 of 2
Country (United States) 31 of 40
Year (2019) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-23 RapidAir

Auburndale, Wisconsin, United States

RapidAir is a manufacturer and distributor of compressed air piping systems, components, kits, replacement parts, and other accessories. RapidAir sells its compressed air piping systems under three different brands and also provides filter regulators, moisture drains, couplers, fittings, hose reels, and other air compressor accessories. RapidAir was established in 2003 and is based in Auburndale, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 MPE

Milwaukee, Wisconsin, United States

MPE is a designer and manufacturer of mobile carts, consoles, tables, and assemblies primarily for the medical market. Products have numerous applications and are used in essentially every department of a hospital or outpatient facility. For over thirty years, MPE has served as a one-stop resource to design, engineer, develop, and build mobile medical carts. MPE was founded in 1978 and is based in Milwaukee, Wisconsin.

Sell -
Mergr

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Company

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