M&A Deal Summary

Fox Three Partners and Route 2 Capital Partners Acquire National Electronic Alloys

On June 1, 2022, private equity firm Fox Three Partners and mezzanine finance firm Route 2 Capital Partners acquired metals/mining company National Electronic Alloys

Acquisition Highlights
  • This is Fox Three Partners’ 1st and Route 2 Capital Partners’ 1st transaction in the Metals/Mining sector.
  • This is Fox Three Partners’ 5th and Route 2 Capital Partners’ 7th transaction in the United States.
  • This is Fox Three Partners’ 1st and Route 2 Capital Partners’ 1st transaction in New Jersey.

M&A Deal Summary

Date 2022-06-01
Target National Electronic Alloys
Sector Metals/Mining
Buyer(s) Fox Three Partners
Route 2 Capital Partners
Deal Type Recapitalization

Target

National Electronic Alloys

Oakland, New Jersey, United States
National Electronic Alloys is a full-service operation equipped with a large fleet of state-of-the-art precision slitting, shearing and saw cutting machinery. National Electronic Alloys was founded in 1991 and is based in Oakland, New Jersey.

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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 5 of 5
Sector (Metals/Mining) 1 of 1
Type (Recapitalization) 3 of 3
State (New Jersey) 1 of 1
Country (United States) 5 of 5
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-23 Marketing and Research Resources

Frederick, Maryland, United States

Marketing and Research Resources is an operator of a small boutique research company with the power and infrastructure of a global research firm. Marketing and Research Resources was founded in 1989 and is based in Frederick, Maryland.

Buy -
Buyer
DESCRIPTION

Route 2 Capital Partners is a private investment firm that provides flexible financing solutions in the form of equity and mezzanine capital. The Firm looks to commit $3 to $20 million per transaction to support acquisitions, buyouts, growth capital, recapitalizations, and shareholder liquidity needs. Route 2 prefers investing in profitable companies (> $2 million of EBITDA) located in the Southern US. Sectors of interest include business services, healthcare services, niche manufacturing, and specialty distribution. Route 2 Capital Partners was formed in 2016 and is headquartered in Charleston, South Carolina.


DEAL STATS #
Overall 7 of 8
Sector (Metals/Mining) 1 of 1
Type (Recapitalization) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 7 of 8
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-30 Big Dot of Happiness

Menomonie, Wisconsin, United States

Big Dot of Happiness designs, manufactures, distributes and markets high-end party supplies that are sold directly to the consumer, primarily via eCommerce platforms. Big Dot of Happiness was founded in 1999 and is based in Menomonie, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-03 Intrepid Solutions and Services

Herndon, Virginia, United States

Intrepid Solutions and Services is a provider of enterprise IT, data analysis, and operational training services exclusively to customers in the U.S. Intrepid Solutions and Services was founded in 2008 and is based in Herndon, Virginia.

Sell -