M&A Deal Summary

Fort Point Capital Acquires Ice House America

On January 23, 2024, growth capital firm Fort Point Capital acquired manufacturer Ice House America from Ulysses Management

Acquisition Highlights
  • This is Fort Point Capital’s 1st transaction in the Manufacturing sector.
  • This is Fort Point Capital’s 17th transaction in the United States.
  • This is Fort Point Capital’s 1st transaction in Georgia.

M&A Deal Summary

Date 2024-01-23
Target Ice House America
Sector Manufacturing
Buyer(s) Fort Point Capital
Sellers(s) Ulysses Management
Deal Type Secondary Buyout
Advisor(s) Fidus Partners (Financial)
Robinson Bradshaw (Legal)

Target

Ice House America

Moultrie, Georgia, United States
Ice House America is a manufacturer of ice vending machines and ice vending huts. Ice House America combines superior manufacturing, advanced engineering, and innovative technology to provide high-quality ice direct to consumers at wholesale pricing. Ice House America was formed in 2003 and is based in Moultrie, Georgia.

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Buyer(S) 1

Buyer

Fort Point Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Fort Point Capital is a private investment firm that targets smaller middle-market growth company investments. The Firm specifically looks for partnerships where firm expertise can help businesses realize their 'potential'. Sectors of interest include business services, healthcare, consumer, and software and information. Fort Point Capital was formed in 2009 and has offices in Boston and New York City.


DEAL STATS #
Overall 18 of 19
Sector (Manufacturing) 1 of 1
Type (Secondary Buyout) 3 of 4
State (Georgia) 1 of 1
Country (United States) 17 of 18
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-28 Visu-Sewer

Pewaukee, Wisconsin, United States

Visu-Sewer is a provider of critical wastewater infrastructure services, specializing in trenchless pipeline rehabilitation, maintenance and repair, video inspection, pipe jet cleaning, sealing, and water blasting. Offering a diversified and essential solution suite for its municipal and commercial customers, Visu-Sewer is a critical partner in servicing aging wastewater infrastructure. Visu-Sewer was formed in 1975 and is based in Pewaukee, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-13 NewBold

Greenville, South Carolina, United States

NewBold is an international provider of products and services enabling the implementation of identification and infrastructure technology solutions. NewBold Plastics is the largest manufacturer of blank plastic cards in North America. NewBold Technologies is a Managed Services Provider (MSP) specializing in POS systems and other retail, dining, supply chain and healthcare infrastructure technologies. NewBold is based in Greenville, South Carolina.

Buy -

Seller(S) 1

SELLER

Ulysses Management

Investor Investor


Category Hedge Fund
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Ulysses Management LLC is a diversified investment group focused on a variety of investment strategies. The Firm's private equity group looks to invest $10 to $50 million in profitable, US-based, well-established companies. Ulysses will consider a variety of transaction types including buyouts, growth capital financings, acquisitions, and select public company investments. Ulysses does not have any sector preferences although the Firm does prefer businesses with recurring revenue models or in industries undergoing change. Ulysses Management is based in New York City.


DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Georgia) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-14 AMAROK

Columbia, South Carolina, United States

AMAROK is a full-perimeter security company that provides service throughout the United States. Specializing in electric fencing on commercial properties, AMAROK also provides supplemental surveillance solutions, including cameras, lights, and alarms. AMAROK was founded in 1973 and is based in Columbia, South Carolina.

Sell -