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 is a provider in manufacturing coatings, sealants, and systems that renew, protect, and beautify concrete and hardscapes. 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 $3 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 5
Sector (Manufacturing) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 5
State (Florida) 3 of 3
Country (United States) 5 of 5
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 Glacier Glove

Reno, Nevada, United States

Glacier Glove is a manufacturer of gloves and other apparel for the fishing and hunting industries. Glacier Glove utilizes quality fabrics and designs to provide warmth, dexterity, and protection to make the outdoor experience more comfortable for fishermen, hunters, paddlers, cyclists, ice climbers, hikers, and other outdoor adventurers. Glacier Glove also produces hats, sun hoods, and other sun protection products to help customers extend their outdoor experiences. Glacier Glove was founded in 1982 and is based in Reno, Nevada.

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