M&A Deal Summary

Farragut Capital Partners, ZJM Equity and Broadgate Capital Acquire Accurate Fabrication

On August 24, 2021, mezzanine finance firm Farragut Capital Partners, private equity firm ZJM Equity and private equity firm Broadgate Capital acquired metals/mining company Accurate Fabrication

Acquisition Highlights
  • This is Farragut Capital Partners’ 1st, ZJM Equity’s 1st and Broadgate Capital’s 1st transaction in the Metals/Mining sector.
  • This is Farragut Capital Partners’ 81st, ZJM Equity’s 8th and Broadgate Capital’s 9th transaction in the United States.
  • This is Farragut Capital Partners’ 3rd, ZJM Equity’s 1st and Broadgate Capital’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2021-08-24
Target Accurate Fabrication
Sector Metals/Mining
Buyer(s) Farragut Capital Partners
ZJM Equity
Broadgate Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Accurate Fabrication

Hartford, Wisconsin, United States
Accurate Fabrication provides precision metal fabrication, using state-of-the-art equipment and production methods. Operations include laser cutting, punching, bending, welding, and assembly. Accurate has built a strong reputation providing OEMs with high-quality parts and service. Accurate Fabrication was founded in 1994 and is based in Hartford, Wisconsin.

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Buyer(S) 3

Buyer

Farragut Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2011
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Farragut Capital Partners LLC is a private investment firm that provides mezzanine and equity capital to help finance buyouts, generational transfers, growth capital financings, and recapitalizations. The Firm prefers asset-light businesses with unique and defensible market positions, stable business models, and reasonable capital expenditure and working capital needs. Sectors of interest include light and niche manufacturing, business services, distribution & logistics, and media. Farragut's target investment size is $2 to $10 million. Farragut Capital Partners was formed in 2011 and is based in Washington, District of Columbia.

DEAL STATS #
Overall 81 of 94
Sector (Metals/Mining) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 35 of 40
State (Wisconsin) 3 of 3
Country (United States) 81 of 94
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-22 AFR

Valencia, California, United States

AFR is a provider of performance aftermarket cylinder heads and intake manifolds. AFR has built a strong brand supplying high-quality automotive aftermarket parts with a focus on the racing and street/strip racing industry. AFR’s products are made from high-caliber aluminum and are highly engineered to significantly improve performance. AFR was founded in 1970 and is based in Valencia, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 Insight 2 Design

Overland Park, Kansas, United States

Insight 2 Design provides outdoor products and portable lighting. Insight 2 Design develops outdoor products like – tents, sleeping bags, packs, camping furniture, lanterns, headlamps, flashlights, and more. Insight 2 Design was founded in 2012 and is based in Overland Park, Kansas.

Sell -
Buyer

ZJM Equity

Centennial, Colorado, United States

Investor

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

ZJM Equity is a private equity firm focused on acquiring profitable manufacturing, distribution, and business services companies. The Firm will consider opportunities throughout the US and prefers businesses with defendable market positions, strong management willing to stay in place, and potential for growth. ZJM Equity was formerly known as Highline Equity. The Firm was originally established in 2008 and is based in Denver, Colorado.

DEAL STATS #
Overall 8 of 8
Sector (Metals/Mining) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 6 of 6
State (Wisconsin) 1 of 1
Country (United States) 8 of 8
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 Bestronics

San Jose, California, United States

Bestronics, Inc. provides printed circuit board and box assembly services to a diverse base of OEMs in the industrial, medical, power and other markets. Bestronics, Inc. was founded in 1990 and is based in San Jose, California.

Sell -
Buyer

Broadgate Capital

Southlake, Texas, United States

Investor Investor

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

Broadgate Capital is a private-equity group focused on acquisitions and investments across a variety of industries including manufacturing, distribution, consumer products, and healthcare. The Firm pursues profitable companies with EBITDA greater then $1 million and at least $5 million in revenue. Broadgate will consider opportunities throughout the US and is willing to provide junior and/or equity capital. Broadgate Capital was formed in 2011 and is based in Dallas, Texas.

DEAL STATS #
Overall 9 of 9
Sector (Metals/Mining) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 7 of 7
State (Wisconsin) 1 of 1
Country (United States) 9 of 9
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 GDM Electronic & Medical

Milpitas, California, United States

GDM Electronic & Medical manufactures electronic systems for medical, military, robotic, and automotive equipment. The company gives feedback to customers on any manufacturing issues related to their products, create documentation, identify risks, and ensure compliance with regulatory requirements. GDM Electronic & Medical was founded in 1983 and is based in Milpitas, California.

Buy -
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