Investment Summary

First Capital Partners and Lightspring Capital Partners Invest In Modern Insulation

On December 1, 2021, mezzanine finance firm First Capital Partners and private equity firm Lightspring Capital Partners invested in building materials company Modern Insulation

Investment Highlights
  • This is First Capital Partners’ 1st and Lightspring Capital Partners’ 1st transaction in the Building Materials sector.
  • This is First Capital Partners’ 30th and Lightspring Capital Partners’ 4th transaction in the United States.
  • This is First Capital Partners’ 6th and Lightspring Capital Partners’ 1st transaction in Wisconsin.

Investment Summary

Date 2021-12-01
Target Modern Insulation
Sector Building Materials
Investor(s) First Capital Partners
Lightspring Capital Partners
Deal Type Growth Capital

Target

Modern Insulation

Spencer, Wisconsin, United States
Modern Insulation manufacturers of the Weather Blanket brand of cellulose fiber insulation. Modern Insulation is based in Spencer, Wisconsin.

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Investor(S) 2

Investor

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 30 of 37
Sector: Building Materials M&A 1 of 1
Type: Growth Capital M&A Deals 10 of 12
State: Wisconsin M&A 6 of 6
Country: United States M&A 30 of 37
Year: 2021 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 Claims Resolution

Galloway, New Jersey, United States

Claims Resolution is a third-party administrator providing full service multi-line insurance claims management. Claims Resolution is based in Galloway, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-01 BedJet

Newport, Rhode Island, United States

BedJet is, at its heart, a sleep technology company. BedJet mission is to apply bleeding-edge engineering design, technology, and proven medical science into improving the sleep and bedroom comfort experience. BedJet is based in Newport, Rhode Island.

Buy -
Investor
DESCRIPTION

Lightspring Capital Partners is a private equity firm that looks to acquire majority positions in profitable lower middle-market companies with $10 to $75 million of revenue. The Firm will consider opportunities throughout the US, but has a preference for businesses in the Midwest. Areas of interest include niche manufacturing, value-added distribution, business services, consumer products, transportation, and logistics. Lightspring Capital Partners is based Chicago, Illinois.


DEAL STATS #
Overall 4 of 12
Sector: Building Materials M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 2
State: Wisconsin M&A 1 of 1
Country: United States M&A 4 of 12
Year: 2021 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Maxxsonics

Libertyville, Illinois, United States

Maxxsonics is a designer, manufacturer, and distributor of premium branded audio components. The Company serves a variety of end markets including auto aftermarket, powersports, and marine. Maxxsonics was founded in 2001 and is based in Libertyville, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-17 ICAT Logistics

Coppell, Texas, United States

ICAT Logistics is a specialty provider of global transport logistics and expedited freight services. ICAT Logistics was founded in 1993 and is based in Coppell, Texas.

Buy -