M&A Deal Summary

Echelon Capital Acquires Republic Storage Products

On April 14, 2015, private equity firm Echelon Capital acquired manufacturer Republic Storage Products from Versa Capital Management

Acquisition Highlights
  • This is Echelon Capital’s 2nd transaction in the Manufacturing sector.
  • This is Echelon Capital’s 2nd transaction in the United States.
  • This is Echelon Capital’s 2nd transaction in Illinois.

M&A Deal Summary

Date 2015-04-14
Target Republic Storage Products
Sector Manufacturing
Buyer(s) Echelon Capital
Sellers(s) Versa Capital Management
Deal Type Secondary Buyout
Advisor(s) SSG Capital Advisors (Financial)

Target

Republic Storage Products

Montgomery, Illinois, United States
Republic Storage Products is a manufacturer of steel storage lockers, shelving, and storage products. The Company also maintains a warehouse facility in Statesville, NC. Republic's lockers are one of the most well recognized and reliable brands in the industry. The Company's manufacturing capabilities and powder coat and liquid paint lines enable the Company to create hundreds of configurations and produce lockers and shelving systems to its customer's exact specifications. Republic Storage Products was founded in 1886 and is based in Montgomery, Illinois.

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Buyer(S) 1

DESCRIPTION

Echelon Capital is a private investment firm focused on acquiring lower middle-market industrial companies. Specific areas of interest includes metal fabrication/products, electronic components, and plastics injection molding. Echelon has a preference for turnaround situations and will consider businesses with up to $100 million in revenue. Echelon Capital is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 2
Sector: Manufacturing M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 1
State: Illinois M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-18 Lyon

Montgomery, Illinois, United States

Lyon is a manufacturer and supplier of lockers and industrial storage products and provides workspace solutions to customers. Lyon was founded in 1901 and is based in Montgomery, Illinois.

Buy -

Seller(S) 1

SELLER

Versa Capital Management

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Distressed Investor
Founded 2004
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Versa Capital Management is a private equity firm focused on investing in complex or distressed situations. Versa will consider businesses headquartered in North America and valued between $100 million and $1 billion. Prospective investment situations include buyouts, divestitures, recapitalizations, restructurings/turnarounds, take privates, rescue financings, and liquidations. Versa Capital Management is headquartered in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 12 of 25
Sector: Manufacturing M&A 2 of 3
Type: Secondary Buyout M&A Deals 2 of 4
State: Illinois M&A 3 of 3
Country: United States M&A 12 of 24
Year: 2015 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-16 Brite-Line

Denver, Colorado, United States

Brite-Line is a manufacturer of high performance reflective highway pavement marking tapes and materials used in road construction projects worldwide.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-15 The Wet Seal

Irvine, California, United States

The Wet Seal is a fashion apparel, footwear and accessories brand designed for teen girls and young women of all sizes that sells through retail stores nationwide, as well as a highly active e-commerce website. The Wet Seal is based in Irvine, California.

Buy -