M&A Deal Summary

First Capital Partners, Touchpoint Capital Partners and Aldine Capital Partners Acquire Global Precision Products

On September 1, 2015, mezzanine finance firm First Capital Partners, merchant bank Touchpoint Capital Partners and mezzanine finance firm Aldine Capital Partners acquired manufacturer Global Precision Products

Acquisition Highlights
  • This is First Capital Partners’ 4th, Touchpoint Capital Partners’ 1st and Aldine Capital Partners’ 6th transaction in the Manufacturing sector.
  • This is First Capital Partners’ 15th, Touchpoint Capital Partners’ 1st and Aldine Capital Partners’ 29th transaction in the United States.
  • This is First Capital Partners’ 1st, Touchpoint Capital Partners’ 1st and Aldine Capital Partners’ 1st transaction in New York.

M&A Deal Summary

Date 2015-09-01
Target Global Precision Products
Sector Manufacturing
Buyer(s) First Capital Partners
Touchpoint Capital Partners
Aldine Capital Partners
Deal Type Recapitalization

Target

Global Precision Products

Rush, New York, United States
Global Precision Products is a contract manufacturer of tight tolerance, precision machined components. Along with precision machining, it offers material sourcing, new product introduction processes and product validations, and build-to-stock inventories and logistics. Global Precision Products was founded in 1997 and is based in Rush, New York.

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Buyer(S) 3

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 15 of 33
Sector (Manufacturing) 4 of 7
Type (Recapitalization) 5 of 9
State (New York) 1 of 1
Country (United States) 15 of 33
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-01 Koontz-Wagner

South Bend, Indiana, United States

Koontz-Wagner offers repair and testing services for electric motors and other mechanical and electrical equipment, as well as electrical contracting services for commercial and industrial projects. Its maintenance services division repairs motors, generators, switchgear, transformers, electronics, and other electrical and mechanical equipment. Koontz-Wagner was founded in 1921 and is based in South Bend, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 Wisconsin Film & Bag

Shawano, Wisconsin, United States

Wisconsin Film and Bag produces custom polyethylene bags and film for the flexible packaging industry.

Sell -
Buyer
DESCRIPTION

Touchpoint Capital Partners is a private investment and financial advisory firm focused on working with small to mid-sized businesses with $5 to $50 million of revenue. The Firm's principal investment area of interest includes specialty manufacturing companies principally located throughout the Midwest US. The Firm's advisory work includes buy/sell-side M&A advisory, capital raising, and strategic advisory. Touchpoint Capital Partners was formed in 2004 and is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Recapitalization) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Buyer

Aldine Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Aldine Capital Partners is a mezzanine investment firm that provides mezzanine and junior capital financing to lower middle-market companies generating sales of at least $10 million and at least $2 million in EBITDA. Aldine invests in the range of $4 to $25 million per transaction. Types of transactions include management buyouts, acquisition financings, shareholder liquidity events, recapitalizations, and growth financings of smaller middle-market companies. Aldine will consider investments across the United States, but has a primary focus on opportunities in the Midwest. The Firm will not consider investments in start-ups, turnarounds, real estate, insurance, banking, and oil/gas. Aldine Capital was formed in 2005 and is based in Chicago, Illinois.


DEAL STATS #
Overall 29 of 70
Sector (Manufacturing) 6 of 13
Type (Recapitalization) 9 of 13
State (New York) 1 of 2
Country (United States) 29 of 70
Year (2015) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-06 Diono

Sumner, Washington, United States

Diono is a premium car seat and travel solutions brand that provides families with safe and enjoyable travel experiences with award-winning products. Diono was founded in 1999 and is based in Sumner, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-15 Brunk Plastic Services

Goshen, Indiana, United States

Brunk Plastic Services is a full-service plastic pulverizing, logistics, and distribution operation predominantly serving the Midwest with locations in Indiana and Minnesota. Brunk Plastic Services was founded in 1957 and is based in Goshen, Indiana.

Buy -