Investment Summary

Enhanced Capital Partners and Vulcan Capital Invest In Masthead Industries

On January 15, 2013, private equity firm Enhanced Capital Partners and family office Vulcan Capital invested in business services company Masthead Industries

Investment Highlights
  • This is Enhanced Capital Partners’ 8th and Vulcan Capital’s 1st transaction in the Business Services sector.
  • This is Enhanced Capital Partners’ 47th and Vulcan Capital’s 26th transaction in the United States.
  • This is Enhanced Capital Partners’ 1st and Vulcan Capital’s 2nd transaction in Florida.
Investment Fate
  • Masthead Industries was sold to a strategic buyer in 2014.

Investment Summary

Date 2013-01-15
Target Masthead Industries
Sector Business Services
Investor(s) Enhanced Capital Partners
Vulcan Capital
Deal Type Acquisition Financing

Target

Masthead Industries

Orange Park, Florida, United States
Masthead Industries is engaged in sale and distribution of industrial, hydraulic hoses and fittings, hydraulic hose assembly systems, and mobile repair service carrying over 46,000 SKUs. Masthead primarily serves the mining, construction and manufacturing industries through over thirty locations across the United States, Canada and Mexico.

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Investor(S) 2

Investor

Enhanced Capital Partners

New York, New York, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Enhanced Capital Partners is a private investment firm focused on investing in small and mid-sized growth companies generating sales up to $100 million. The Firm can invest across the capital structure, including equity and mezzanine debt financing. Enhanced also will provide funds for working capital needs. The Firm looks to invest $2 to $20 million of equity and mezzanine in the range of $500,000 to $3 million in mid to later-stage profitable companies that are seeking capital to fund growth, make an acquisition, or for an outright sale. Target sectors include aerospace, business services, communications, distribution, manufacturing, healthcare, IT, software, and retail. Enhanced Equity Partners was formed in 1999 and is based in New York City with an additional office in Austin, Birmingham, Denver, Jackson Hole, Nashville, New Orleans, Stamford, Tampa and Washington, D.C.


DEAL STATS #
Overall 47 of 48
Sector: Business Services M&A 8 of 8
Type: Acquisition Financing M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 47 of 48
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-07 HomeTown Oxygen

Charlotte, North Carolina, United States

HomeTown Oxygen is a provider of home-based respiratory products and services in the Southeast United States. HomeTown provides ventilators, nebulizers, oxygen concentrators, liquid oxygen systems, continuous positive airway pressure machines, and other durable medical equipment through five locations in the Charlotte and Winston-Salem metropolitan regions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-09 Movero

Maineville, Ohio, United States

Movero Technology is the first full-service enterprise wireless management company providing an innovative product suite for the acquisition, deployment, and ongoing management of corporate and government cellular devices and access. Through mFrame, its service delivery management product suite, Movero improves customer productivity while lowering the costs of access to information and people at the edge of the organization. Movero's unique integration with all major U.S. cellular operator systems, combined with cell phone and mobile application expertise, provides a one-stop-shop solution for companies managing rapid growth in the adoption of mobile technology.

Sell -
Investor

Vulcan Capital

Seattle, Washington, United States

Investor


Category Family Office
Founded 1986
Size Mega
Type Sector Agnostic
DESCRIPTION

Vulcan Capital is the private investment group of Vulcan Inc., the organization founded by Paul G. Allen to manage his personal and professional endeavors. Vulcan Capital looks to invest at all company stages and will consider opportunities across an array of industries. Sectors of interest include business services, consumer products, distribution and logistics, energy and natural resources, financial services and insurance, healthcare, manufacturing, media, technology, and telecom. The Firm's target investment size is $10 to $100 million. In addition to direct investing, Vulcan Capital also makes fund investments as well as invests in public securities. Vulcan Inc. was formed in 1986 and has offices in Seattle, Washington and Palo Alto, California.


DEAL STATS #
Overall 27 of 34
Sector: Business Services M&A 1 of 1
Type: Acquisition Financing M&A Deals 1 of 1
State: Florida M&A 2 of 2
Country: United States M&A 26 of 30
Year: 2013 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-31 Applied Proteomics

San Diego, California, United States

Applied Proteomics (API) is pioneering the best proteomics platform, a novel discovery approach to protein measurement-based diagnostics. API adopted an industrial approach to combine improved instrumentation, faster computing and extensive genome annotations with regimented standard operating procedures, extensive quality controls, and documented processes spanning hundreds of steps from sample collection to processing through informatics.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-13 Silvercrest Asset Management Group

New York, New York, United States

Silvercrest Asset Management Group is a registered investment advisor which provides asset management and family office services to families and select institutional investors. Silvercrest combines the client-focused service which was the hallmark of private banks and investment counsel firms in an earlier age with state of the art theories of portfolio construction, risk management and diversification. Silvercrest Asset Management Group was founded in 2002 and is based in New York, New York.

Sell -