M&A Deal Summary

Foundation Investment Partners and B12 Capital Partners Acquire WRWP

On December 1, 2014, private equity firms Foundation Investment Partners and B12 Capital Partners acquired electrical equipment company WRWP

Acquisition Highlights
  • This is Foundation Investment Partners’ 1st and B12 Capital Partners’ 1st transaction in the Electrical Equipment sector.
  • This is Foundation Investment Partners’ 3rd and B12 Capital Partners’ 6th transaction in the United States.
  • This is Foundation Investment Partners’ 1st and B12 Capital Partners’ 1st transaction in Ohio.

M&A Deal Summary

Date 2014-12-01
Target WRWP
Sector Electrical Equipment
Buyer(s) Foundation Investment Partners
B12 Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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Buyer(S) 2

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 3 of 8
Sector (Electrical Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 5
State (Ohio) 1 of 3
Country (United States) 3 of 7
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-13 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-01 Discount Drainage Supplies

Akron, Ohio, United States

Discount Drainage Supplies is a supplier and distributor of drainage pipe and related products, including culvert pipes, PVC piping, septic supplies and more. Discount Drainage Supplies was founded in 1976 and is based in Akron, Ohio.

Buy -
Buyer

B12 Capital Partners

Kansas, Missouri, United States

Investor Investor


Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

B12 Capital Partners is a private equity fund focused on partnering with managers to invest in manufacturing and distribution companies with revenues of $5 to $50 million. B12 provides capital for growth, ownership transitions, as well as outright acquisitions. The Firm prefers profitable businesses (up to $5 million of EBITDA) with sustainable competitive positions and identifiable growth prospects. B12 targets companies located in the Midwest, Southeast, and Intermountain West. B12 will not consider startups, early-stage transactions, turnarounds, or businesses in real estate, oil/gas, restaurants, and retail. B12 was established in 2006 and is based in Kansas City, Missouri.


DEAL STATS #
Overall 6 of 10
Sector (Electrical Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 6 of 7
State (Ohio) 1 of 1
Country (United States) 6 of 10
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-11 Doors In Motion

Scottsdale, Arizona, United States

Doors in Motion manufactures automated sliding doors in Scottsdale, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-19 Office Snax

Hinsdale, Illinois, United States

Office Snax is a producer of food, snack, beverage and related consumable items for your office and breakroom. In addition to the office products distribution channel, Office Snax also sells a limited product offering to the school, coffee, and water distribution channels, as well as through its own website. Office Snax is based in Hinsdale, Illinois.

Buy -