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  6. Elvisridge Capital Acquires ICT

M&A Deal Summary

Elvisridge Capital Acquires ICT

On July 19, 2022, private equity firm Elvisridge Capital acquired manufacturer ICT

Acquisition Highlights
  • This is Elvisridge Capital’s 1st transaction in the Manufacturing sector.
  • This is Elvisridge Capital’s 5th transaction in the United States.
  • This is Elvisridge Capital’s 3rd transaction in Florida.

M&A Deal Summary
Date 2022-07-19
Target ICT
Sector Manufacturing
Buyer(s) Elvisridge Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

ICT

Lakeland, Florida, United States
ICT manufactures coatings, sealants, and systems that protect, renew, and enhance the appearance of concrete and hardscape surfaces. The products are widely used on pool decks, patios, driveways, interior floors, and counter tops, as well as commercial applications such as hotels, condominiums, and restaurant floors. ICT was founded in 1996 and is based in Lakeland, Florida.

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Buyer(S) 1

Buyer

Elvisridge Capital

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Focused
DESCRIPTION

Elvisridge Capital is a private investment firm focused on sportfishing and landscape product companies. The Firm looks to acquire majority positions in profitable companies with $200k to $2 million of EBITDA. In addition to providing equity capital, the Firm will also selectively consider providing mezzanine/secured debt financing. Elvisridge Capital was formed in 2017 and is headquartered in Beachwood, Ohio.

DEAL STATS #
Overall 5 of 6
Sector: Manufacturing M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 6
State: Florida M&A 3 of 3
Country: United States M&A 5 of 6
Year: 2022 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 Glacier Outdoor

Reno, Nevada, United States

Glacier Outdoor manufactures gloves, apparel, and sun protection products for fishing, hunting, and outdoor recreation, designed to provide warmth, dexterity, and comfort for adventurers in diverse environments. Glacier Outdoor was founded in 1982 and is based in Reno, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-01 Luna Sea

United States

Luna Sea designs and manufactures innovative fishing accessories, including rod cushions, leader organizers, and floating gear, built to enhance comfort, safety, and convenience for anglers.

Buy -
Mergr

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