Investment Summary

Eureka Equity Partners and HB Equity Partners Invest In Maxima Technologies & Systems

On July 1, 2003, private equity firms Eureka Equity Partners and HB Equity Partners invested in manufacturer Maxima Technologies & Systems

Investment Highlights
  • This is Eureka Equity Partners’ 1st and HB Equity Partners’ 1st transaction in the Manufacturing sector.
  • This is Eureka Equity Partners’ 7th and HB Equity Partners’ 1st transaction in the United States.
  • This is Eureka Equity Partners’ 5th and HB Equity Partners’ 1st transaction in Pennsylvania.
Investment Fate
  • Maxima Technologies & Systems was sold to a publicly-traded strategic buyer in 2006 for 91M USD.

Investment Summary

Date 2003-07-01
Target Maxima Technologies & Systems
Sector Manufacturing
Investor(s) Eureka Equity Partners
HB Equity Partners
Deal Type Growth Capital

Target

Maxima Technologies & Systems

Lancaster, Pennsylvania, United States
Maxima Technologies & Systems LLC is a full-service, manufacturing company specializing in electronic controls, vehicle instrumentation, components and related accessories for off-highway equipment, specialty vehicles, industrial and on-highway vehicles, as well as the automotive aftermarket. Maxima markets its products under four distinct brands: AST, Datcon, Stewart Warner and Stewart Warner Performance.

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Investor(S) 2

Investor

Eureka Equity Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Eureka Equity Partners is a private equity firm focused on partnering with management in acquiring middle-market companies generating sales up to $100 million. The Firm will consider both control and non-control investments. Sectors of interest include communications, consumer products and services, healthcare, and transportation. Eureka invests in the range of $10 to $25 million per transaction. Eureka's geographic coverage is within the US with a preference for opportunities located in the Eastern and Mid-Atlantic US. Eureka was formed in 2004 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 7 of 30
Sector: Manufacturing M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 2
State: Pennsylvania M&A 5 of 7
Country: United States M&A 7 of 30
Year: 2003 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-01 C/G Electrodes

Saint Marys, Pennsylvania, United States

C/G Electrodes is a leading manufacturer of consumable graphite electrodes used in the electric arc furnaces of steel mini-mills. These electrodes allow production temperatures to reach 5000 degrees Fahrenheit, believed to be the highest operating temperature in any industrial manufacturing process in the world. Cyprium Partners’ investment facilitated the buyout of minority shareholders of C/G.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-11 Boom

New York, New York, United States

Boom designs, develops, and sources fragrance, bath and body products sold to specialty retailers and department stores under private label and license agreements. boom! provides the beauty and personal care industry with a one source solution for product ideation, marketing, formulation, testing, packaging, manufacturing and distribution services.

Buy -
Investor

HB Equity Partners

New York, New York, United States

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

HB Equity Partners is a private equity firm that targets small company investments in distribution, gaming, leisure/entertainment, media/telecommunications, services, and specialty manufacturing. HB Equity looks to invest between $10 and $30 million of equity capital in businesses valued up to $100 million. Target transaction situations include managment buyouts, corporate divestitures, growth financings, recapitalizations, and special situations. HB Equity prefers to partner with management teams and has an investment horizon of three to five years. HB Equity Partners was formed in 2002 and is based in New York City.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2003 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-02-06 Noble Broadcast Group Inc

San Diego, California, United States

Noble Broadcast Group, Inc. owns and operates radio broadcasting stations. The company was founded in 1987 and is based in San Diego, California. Noble Broadcast Group, Inc. operates as a subsidiary of Jacor Communications, Inc.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-22 Maxima Technologies & Systems

Lancaster, Pennsylvania, United States

Maxima Technologies & Systems LLC is a full-service, manufacturing company specializing in electronic controls, vehicle instrumentation, components and related accessories for off-highway equipment, specialty vehicles, industrial and on-highway vehicles, as well as the automotive aftermarket. Maxima markets its products under four distinct brands: AST, Datcon, Stewart Warner and Stewart Warner Performance.

Sell $91M