M&A Deal Summary

Fox Three Partners and Peninsula Capital Partners Acquire Burlington Medical

On May 4, 2015, private equity firm Fox Three Partners and mezzanine finance firm Peninsula Capital Partners acquired medical products company Burlington Medical

Acquisition Highlights
  • This is Fox Three Partners’ 1st and Peninsula Capital Partners’ 1st transaction in the Medical Products sector.
  • This is Fox Three Partners’ 1st and Peninsula Capital Partners’ 93rd transaction in the United States.
  • This is Fox Three Partners’ 1st and Peninsula Capital Partners’ 1st transaction in Virginia.

M&A Deal Summary

Date 2015-05-04
Target Burlington Medical
Sector Medical Products
Buyer(s) Fox Three Partners
Peninsula Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Burlington Medical

Newport News, Virginia, United States
Burlington Medical is a manufacturer and distributor of radiation products for medical professionals as well as patient comfort products. Burlington Medical was founded in 1969 and is based in Newport News, Vermont.

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Buyer(S) 2

DESCRIPTION

Fox Three Partners is a private investment firm focused on acquiring controlling interests in established, profitable, closely held private companies from owners seeking liquidity. The Firm prefers East Coast US based opportunities and generally targets companies companies with recurring revenues and at least $7.5 million of cash flow. Sectors of interest include manufacturing, business services, healthcare, industrials, aerospace/defense, distribution/logistics, and materials handling. Fox Three Partners was established in 2014 and is based in Virginia Beach, Virginia.


DEAL STATS #
Overall 1 of 5
Sector (Medical Products) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (Virginia) 1 of 3
Country (United States) 1 of 5
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-26 Walashek Industrial & Marine

Norfolk, Virginia, United States

Walashek Industrial & Marine is a provider of mobile ship repair services including welding, piping, machinery and structural repair, marine propulsion repair and auxiliary boiler repair. Walashek Industrial & Marine was founded in 1986 and is based in Norfolk, Virginia.

Buy -
Buyer

Peninsula Capital Partners

Southfield, Michigan, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1995
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Peninsula Capital Partners is an investment group focused on providing a range of financing solutions to middle-market companies. The Firm is willing to be a minority or control investor and invests across the capital structure. This includes subordinated debt, preferred or common stock. For mezzanine commitments, Peninsula looks to invest $5 to $40 million. For equity transactions, Peninsula looks to invest $2 to $20 million. Peninsula is a generalist investor. Target sectors include manufacturing, industrial service, distribution, consumer products, professional services, retail, applied technology, transportation, food processing and packaging. Peninsula Capital Partners was formed in 1995 and is based in Detroit, Michigan.


DEAL STATS #
Overall 98 of 128
Sector (Medical Products) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 51 of 65
State (Virginia) 1 of 2
Country (United States) 93 of 121
Year (2015) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Herbers Autobody Repair

Edmonton, Alberta, Canada

Herbers Autobody Repair operates a chain of five large autobody repair and refinishing facilities that have been serving the Canadian market for decades. Herbers Autobody Repair was founded in 1978 and is based in Edmonton, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Unique Fabricating

Auburn Hills, Michigan, United States

Unique Fabricating is an engineering and manufacture of multi-material foam, rubber, and plastic components utilized in noise, vibration and harshness (“NVH”), acoustical management, water and air sealing, decorative and other functional applications within the North American automotive and heavy-duty truck markets. Unique Fabricating was founded in 1975 and is based in Auburn Hills, Michigan.

Sell -