M&A Deal Summary

Fort Point Capital and Brookside Capital Partners Acquire NewBold

On August 13, 2024, growth capital firm Fort Point Capital and mezzanine finance firm Brookside Capital Partners acquired information services company NewBold from Stonewood Capital Management

Acquisition Highlights
  • This is Fort Point Capital’s 1st and Brookside Capital Partners’ 1st transaction in the Information Services sector.
  • This is Fort Point Capital’s 18th and Brookside Capital Partners’ 62nd transaction in the United States.
  • This is Fort Point Capital’s 1st and Brookside Capital Partners’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2024-08-13
Target NewBold
Sector Information Services
Buyer(s) Fort Point Capital
Brookside Capital Partners
Sellers(s) Stonewood Capital Management
Deal Type Secondary Buyout
Advisor(s) Metz Lewis Brodman Must OKeefe (Legal)

Target

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.

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Buyer(S) 2

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 19 of 19
Sector (Information Services) 1 of 1
Type (Secondary Buyout) 4 of 4
State (South Carolina) 1 of 1
Country (United States) 18 of 18
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-23 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.

Buy -
Buyer

Brookside Capital Partners

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Brookside Capital Partners is an investment management firm focused on stable lower-middle market companies in the US. The Firm typically commits $5 to $30 million per transaction to support buyouts, leveraged recapitalizations, strategic acquisitions and growth. Potential businesses generally have revenue greater than $15 million, and EBITDA of at least $4 million. Industries of interest include business services, consumer, distribution, healthcare, manufacturing, and transportation and logistics. Brookside Capital Partners was established in 2001 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 62 of 65
Sector (Information Services) 1 of 1
Type (Secondary Buyout) 16 of 16
State (South Carolina) 1 of 1
Country (United States) 62 of 65
Year (2024) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-19 Pediatric Health Choice

Tampa, Florida, United States

Pediatric Health Choice is a provider of alternative-site healthcare services for medically-complex, technology-dependent, and behaviorally-challenged children. Pediatric Health Choice is based in Tampa, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-11 Military Fasteners

Melbourne, Florida, United States

Military Fasteners is a B2B eCommerce distributor of mil-spec fasteners primarily to customers in the aerospace and defense industry, with a focus on maintenance, repair, and overhaul, among other sectors. Military Fasteners is based in Melbourne, Florida.

Buy -

Seller(S) 1

SELLER

Stonewood Capital Management

Pittsburgh, Pennsylvania, United States

Investor Investor Investor

Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Stonewood Capital Management is a private equity firm focused on acquisitions of manufacturing, assembly, and distribution companies in the Eastern US. The Firm targets companies with EBITDA of $1 to $10 million. Stonewood Capital Management is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 8 of 8
Sector (Information Services) 1 of 1
Type (Secondary Buyout) 4 of 4
State (South Carolina) 1 of 1
Country (United States) 8 of 8
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-12 Superior Huntingdon

Huntingdon, Pennsylvania, United States

Superior Huntingdon is a manufacturer of fiberglass products for the composite market. Superior Huntingdon's products are engineered to provide application-specific enhancements, including light weighting, strength and durability, corrosion resistance, prolonged life span, and lower maintenance as substitutes for steel, aluminum, wood, and other legacy materials. Superior Huntingdon is headquartered in Huntingdon, Pennsylvania.

Sell -
Mergr

Product

Company

Legal