M&A Deal Summary

First Capital Partners Acquires Btm

On September 1, 2019, mezzanine finance firm First Capital Partners acquired manufacturer Btm from Capitala Group

Acquisition Highlights
  • This is First Capital Partners’ 5th transaction in the Manufacturing sector.
  • This is First Capital Partners’ 24th transaction in the United States.
  • This is First Capital Partners’ 2nd transaction in Michigan.

M&A Deal Summary

Date 2019-09-01
Target Btm
Sector Manufacturing
Buyer(s) First Capital Partners
Sellers(s) Capitala Group
Deal Type Recapitalization
Advisor(s) The Peakstone Group (Financial)

Target

Btm

Marysville, Michigan, United States
Btm is a manufacturer of sheet metal joining systems and products for automation. Btm engages in the design and engineering of specialty presses, production systems, precision tooling, and work holding equipment. Btm was founded in 1966 and is based in Marysville, Michigan.

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Buyer(S) 1

Buyer

First Capital Partners

Omaha, Nebraska, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2006
PE ASSETS 241M USD
Size Small
Type Sector Agnostic
DESCRIPTION

First Capital Partners is an Omaha, Nebraska-based private investment firm that provides equity and subordinated debt financing to lower middle-market companies. First targets businesses with revenues of $10 to $100 million and EBITDA up to $10 million. Investments are generally used to fund management buyouts, growth capital financings, recapitalizations, divestitures, and generational transfers of ownership. Broad areas of interest include manufacturing, business services, and value-added distribution. First Capital will not invest in startups, early stage companies, high technology, real estate, or retail. First Capital Partners is based in US.


DEAL STATS #
Overall 24 of 37
Sector: Manufacturing M&A 5 of 8
Type: Recapitalization M&A Deals 7 of 9
State: Michigan M&A 2 of 2
Country: United States M&A 24 of 37
Year: 2019 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-26 Trafera

Saint Paul, Minnesota, United States

Trafera is a provider of educational technology to K-12 schools and a top K-12 focused reseller of Google Chrome devices. Trafera offers a broad range of additional hardware and software solutions that support better outcomes through technology and also offers a robust set of services including deployment and warranty support. Trafera is based in Saint Paul, Minnesota.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

Capitala Group

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1998
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Capitala Group is an asset manager that provides equity and mezzanine capital to mid-sized companies valued up to $250 million. Funds are generally used to support growth needs, add-on acquisitions, management/leveraged buyouts, and recapitalizations. Capitatala will invest across the US, but generally targets opportunities located in the Southeast. Industry preferences include building products, business services, consumer/reteail, general industrial, healthcare, and technology. Prospective companies typically have revenues greater than $10 million and EBITDA of at least $3 million. Capitala was formed in 1998 and is headquartered in Charlotte, North Carolina.


DEAL STATS #
Overall 36 of 56
Sector: Manufacturing M&A 3 of 3
Type: Recapitalization M&A Deals 3 of 3
State: Michigan M&A 1 of 1
Country: United States M&A 35 of 55
Year: 2019 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-16 Rapid Fire Protection

Rapid City, South Dakota, United States

Rapid Fire Protection is a full-service fire protection solutions firm specializing in the design, installation, inspection, testing, and maintenance of fire suppression and alarm systems across the Midwestern and Western U.S. Rapid Fire Protection is based in Rapid City, South Dakota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-03 Nth Degree

Duluth, Georgia, United States

Nth Degree is a provider of exhibit management and event services. The company provides specialized installation and dismantle services for trade shows and also serves as an experiential marketing and management agency. Nth Degree was founded in 1979 and is based in Duluth, Georgia.

Sell -