M&A Deal Summary

Foundation Investment Partners, Northcreek Mezzanine and Kirtland Capital Partners Acquire ACME Cosmetic Components

On December 13, 2013, private equity firm Foundation Investment Partners, Northcreek Mezzanine and private equity firm Kirtland Capital Partners acquired manufacturer ACME Cosmetic Components

Acquisition Highlights
  • This is Foundation Investment Partners’ 2nd, Northcreek Mezzanine’s 2nd and Kirtland Capital Partners’ 4th transaction in the Manufacturing sector.
  • This is Foundation Investment Partners’ 2nd, Northcreek Mezzanine’s 9th and Kirtland Capital Partners’ 20th transaction in the United States.
  • This is Foundation Investment Partners’ 1st, Northcreek Mezzanine’s 1st and Kirtland Capital Partners’ 3rd transaction in New Jersey.

M&A Deal Summary
Date 2013-12-13
Target ACME Cosmetic Components
Sector Manufacturing
Buyer(s) Foundation Investment Partners
Northcreek Mezzanine
Kirtland Capital Partners
Deal Type Recapitalization

Target

ACME Cosmetic Components

Secaucus, New Jersey, United States
ACME Cosmetic Components is a designer and manufacturer of metal pans used in cosmetics packaging and the food and drug industry. ACME Cosmetic Components was founded in 1935 and is based in Secaucus, New Jersey.

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Buyer(S) 3

Buyer

Foundation Investment Partners

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Foundation Investment Partners is a Midwest US-based private equity investor focused on acquiring niche manufacturers, value-added distributors, outsourced business service providers, and targeted software developers. Targeted acquisition characteristics include b2b orientation, defensible market positions, undermanaged, and limited focus on sales/marketing. The Firm seeks businesses profitable candidates with $1 to $6 million of EBITDA. Foundation Investment Partners was formed in 2009 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 2 of 8
Sector (Manufacturing) 2 of 2
Type (Recapitalization) 1 of 2
State (New Jersey) 1 of 1
Country (United States) 2 of 7
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 Advanced Probing Systems

Louisville, Colorado, United States

Advanced Probing Systems is a manufacturer and supplier of probe needles used in semiconductor wafer test, LED and LCD test, and medical applications. Advanced Probing Systems was founded in 1990 and is based in Louisville, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 WRWP

Twinsburg, Ohio, United States

WRWP is a manufacturer and distributor of complex wire harness assemblies, cables, cord, and control assemblies for the lawn and garden, power sport, specialty vehicle, automotive, and appliance industries. WRWP also offers a fully integrated line of injection-molded connectors, control housing, and related items tailored to meet its customer's unique specifications and requirements. WRWP was founded in 1987 and is based in Twinsburg, Ohio.

Buy -
Buyer

Northcreek Mezzanine

Category Private Equity Firm
Founded 2010
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 9 of 29
Sector (Manufacturing) 2 of 5
Type (Recapitalization) 3 of 6
State (New Jersey) 1 of 3
Country (United States) 9 of 29
Year (2013) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-05 HCPro

Middleton, Massachusetts, United States

HCPro is a provider of integrated information, education and training in the vital areas of healthcare regulation and compliance. HCPro was founded in 1986 and is based in Middleton, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-23 Alpha Precision Group

Ridgway, Pennsylvania, United States

Alpha Precision Group is a manufacturer of high-precision powder metal components for the automotive, small engine, recreation vehicle, lawn & garden, agricultural equipment and commercial vehicle industries. Alpha Precision Group was founded in 1967 and is based in Ridgway, Pennsylvania.

Buy -
Buyer

Kirtland Capital Partners

Beachwood, Ohio, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1977
PE ASSETS 300M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Kirtland Capital Partners (KCP) is a private equity firm focused on acquiring mature businesses operating in the US or Canada. KCP looks to be the lead investor in control positions in companies with significant barriers to entry, stable cash flows, and a strong market position. Sectors of interest include niche manufacturing, distribution, and business-to-business service companies. Kirtland was formed in 1977 and is based in Beachwood, Ohio.

DEAL STATS #
Overall 20 of 24
Sector (Manufacturing) 4 of 5
Type (Recapitalization) 1 of 2
State (New Jersey) 3 of 3
Country (United States) 20 of 23
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-17 Novapak

Eatontown, New Jersey, United States

PVC Container Corp. is a manufacture and sale of molded plastic bottles and fluorinated containers from polyvinyl chloride compounds, polyethylene resins, and polyethylene terephthalate in the United States. It also provides bottle decoration services, which include automatic silk screening for multiple color applications, pressure-sensitive paper, and plastic film labels; and the image heat transfer labeling. PVC Container was founded in 1997 and is based in Eatontown, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-01 Form Tech Concrete Forms

Walled Lake, Michigan, United States

Form Tech Concrete Forms is a construction services company focused on providing concrete forming and shoring rental solutions and related accessories to concrete subcontractors and general contractors. Form Tech Concrete Forms was founded in 1994 and is based in Walled Lake, Michigan.

Buy -
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