Investment Summary

Plexus Capital and Equity South Exits Sherman & Reilly

On May 1, 2013, Greenlee Textron invested in manufacturer Sherman & Reilly from Plexus Capital and Equity South

Investment Highlights
  • This is Greenlee Textron’s 1st transaction in the Manufacturing sector.
  • This is Greenlee Textron’s 2nd transaction in the United States.
  • This is Greenlee Textron’s 1st transaction in Tennessee.

Investment Summary

Date 2013-05-01
Target Sherman & Reilly
Sector Manufacturing
Investor(s) Greenlee Textron
Sellers(s) Plexus Capital
Equity South
Deal Type Add-on Acquisition

Target

Sherman & Reilly

Chattanooga, Tennessee, United States
Sherman & Reilly, Inc. is a manufacturer of underground and aerial transmission and distribution products based in Chattanooga, Tennessee.

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Investor(S) 1

Investor

Greenlee Textron

Rockford, Illinois, United States

Category Company
Sector Manufacturing
DESCRIPTION

Greenlee is a provider of tools to the woodworking and electrical industries.


DEAL STATS #
Overall 2 of 4
Sector: Manufacturing M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 3
State: Tennessee M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2013 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-17 Paladin Tools

Oilville, Virginia, United States

Paladin Tools, Inc. brand names include Paladin Tools(R), DataShark(R) and PowerPlay(R), and the company's product line includes a variety of cutters, strippers, punchdown tools, crimpers, multi-tools, testers, kits and other hand tools and accessories for use in computer, network, telephone, home entertainment and other communications wiring applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-18 HD Electric Company

Waukegan, Illinois, United States

HD Electric is a designer and manufacturer of power utility products. HDE provides products and solutions which test, measure and control electric power.

Buy -

Seller(S) 2

SELLER

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 11 of 44
Sector: Manufacturing M&A 1 of 4
Type: Add-on Acquisition M&A Deals 6 of 23
State: Tennessee M&A 1 of 1
Country: United States M&A 11 of 44
Year: 2013 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-01 Quality Oil Tools

Jennings, Louisiana, United States

Quality Oil Tools, Inc has developed an excellent reputation in the oilfield as a premier provider of high quality pressure control equipment, including gate valves, check valves, chokes and kill manifolds as well as replacement parts and repairs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-01 Solvair

Chicago, Illinois, United States

Solvair, LLC is a producer and marketer of proprietary, environmentally friendly dry cleaning systems. Solvair was founded in 2007 and is based in Chicago, Illinois.

Sell -
SELLER

Equity South

Atlanta, Georgia, United States

Category Private Equity Firm
Founded 1995
Size Small
Type Sector Agnostic
DESCRIPTION

Equity South is a private investment firm that targets smaller company investments located in the Southeast US. Equity South looks for businesses in manufacturing, service, software, and franchising with up to $50 million in revenues. Equity South is based in Atlanta, Georgia.


DEAL STATS #
Overall 10 of 10
Sector: Manufacturing M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 5
State: Tennessee M&A 2 of 2
Country: United States M&A 10 of 10
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-01 American Screen Art

Knoxville, Tennessee, United States

American Screen Art, Inc. is a major supplier of high quality screen graphics to the beverage industry for applications in the vending, fountain and fleet segments. The Company also produces fleet and point-of-purchase graphics for non-beverage applications.

Sell -