M&A Deal Summary

Frontenac and NMP Capital Acquire EFC International

On November 3, 2021, private equity firm Frontenac and mezzanine finance firm NMP Capital acquired distribution company EFC International from Quad-C Management

Acquisition Highlights
  • This is Frontenac’s 9th and NMP Capital’s 4th transaction in the Distribution sector.
  • This is Frontenac’s 67th and NMP Capital’s 81st transaction in the United States.
  • This is Frontenac’s 4th and NMP Capital’s 3rd transaction in Missouri.

M&A Deal Summary

Date 2021-11-03
Target EFC International
Sector Distribution
Buyer(s) Frontenac
NMP Capital
Sellers(s) Quad-C Management
Deal Type Secondary Buyout

Target

EFC International

St. Louis, Missouri, United States
EFC International is a distributor of highly-engineered specialty fasteners to the automotive and industrial end-markets. EFC International was founded in 1983 and is based in St. Louis, Missouri.

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Buyer(S) 2

Buyer

Frontenac

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Frontenac is a Midwest US-based private equity firm that seek profitable, lower middle-market company investments with $5 to $25 million of EBITDA. Frontenac typically partners with management when pursuing acquisitions, including companies managed by owner-operators. Sectors of interest include financial services, healthcare services, education/HR services, manufacturing, publishing/media, and technology services. Frontenac was formed in 1971 and is based in Chicago, Illinois.


DEAL STATS #
Overall 71 of 79
Sector (Distribution) 9 of 11
Type (Secondary Buyout) 7 of 8
State (Missouri) 4 of 4
Country (United States) 67 of 75
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-29 Whitebridge Pet Brands

Chesterfield, Missouri, United States

Whitebridge Pet Brands is a provider of natural, wholesome, and minimally processed food and treats for dogs and cats. The Company’s family of brands – Cloud Star, Buddy Biscuits, Wag More Bark Less, Tiki Cat, Tiki Dog, Dogswell, and Nutrisca are sold through a variety of retailers across the U.S. and Canada. Whitebridge Pet Brands is based in Chesterfield, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 RCG Global Services

Iselin, New Jersey, United States

RCG Global Services provides end-to-end digital transformation and managed services via its U.S., Philippines, and India-based workforce that serves customers in the financial and insurance services, consumer, and healthcare sectors. RCG Global Services was founded in 1974 and is based in Iselin, New Jersey.

Buy -
Buyer

NMP Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 84 of 88
Sector (Distribution) 4 of 4
Type (Secondary Buyout) 28 of 31
State (Missouri) 3 of 3
Country (United States) 81 of 85
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-23 DBi Services

Hazleton, Pennsylvania, United States

DBi Services provides infrastructure maintenance, operations and management solutions in North America and Europe for government agencies, utilities, private industries, railways, retailers and other infrastructure owners. DBi Services was founded in 1978 and is based in Hazleton, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 Thibaut

Union, New Jersey, United States

Thibaut is an operator of wallpaper and fabric company. Thibaut is a designer and global distributor of branded wallpapers, fabrics, and furniture sold through the interior design channel. Thibaut goes to market through two highly regarded brands, Thibaut and Anna French. Thibaut was founded in 1886 and is based in Union, New Jersey.

Buy -

Seller(S) 1

SELLER

Quad-C Management

Charlottesville, Virginia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Quad-C Management is a generalist private equity firm that makes control investments in middle-market companies operating in a wide range of industries. Target sector's include building products, business-to-business services, consumer products, distribution/logistics, equipment rental, financial services, healthcare, light manufacturing, packaging, restaurants, security, and specialty chemicals. Quad-C's target investment size is $50 to $150 million in businesses valued between $100 and $500 million and with EBITDA greater than $10 million. Prospective transaction types include recapitalizations/family successions, management buyouts, and industry consolidations. Quad-C Management was founded in 1989 and is headquartered in Charlottesville, Virginia.


DEAL STATS #
Overall 42 of 47
Sector (Distribution) 3 of 5
Type (Secondary Buyout) 24 of 27
State (Missouri) 2 of 2
Country (United States) 39 of 42
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-04 Stanton Carpet

Syosset, New York, United States

Stanton Carpet is a designer and distributor of decorative, high-quality branded carpet and custom rugs and runners. The Stanton family of brands are available through approximately 4,000 retail partners nationwide, including independent retail floor showrooms, trade showrooms and home furnishing retailers. Stanton Carpet was founded in 1980 and is based in Syosset, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Specialized Dental Partners

Franklin, Tennessee, United States

Specialized Dental Partners is a doctor-led, doctor-driven specialty services partnership for endodontists a collaboration of endodontic specialists and business experts working together to pursue excellence and growth in patient care and business. Specialized Dental Partners was established in 2018 and is based in Franklin, Tennessee.

Buy -