M&A Deal Summary

Fulton Capital and Merit Capital Partners Acquire Cobra Wire & Cable

On March 1, 2007, private equity firm Fulton Capital and mezzanine finance firm Merit Capital Partners acquired electrical equipment company Cobra Wire & Cable

Acquisition Highlights
  • This is Fulton Capital’s 1st and Merit Capital Partners’ 2nd transaction in the Electrical Equipment sector.
  • This is Fulton Capital’s 1st and Merit Capital Partners’ 47th transaction in the United States.
  • This is Fulton Capital’s 1st and Merit Capital Partners’ 3rd transaction in Pennsylvania.
Investment Fate
  • Cobra Wire & Cable was sold to a strategic buyer in 2011.

M&A Deal Summary

Date 2007-03-01
Target Cobra Wire & Cable
Sector Electrical Equipment
Buyer(s) Fulton Capital
Merit Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Cobra Wire & Cable

Hatboro, Pennsylvania, United States
Cobra Wire & Cable, Inc. is a developer and seller of proprietary wire and cable products that are utilized by customers in a variety of industries. The Company’s products serve niche applications where performance under severe operating conditions is critical to maintaining optimal performance and flexibility.

Search 215,130 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

Buyer

Fulton Capital

Northbrook, Illinois, United States

Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Fulton Capital is a private equity firm small to mid-sized companies with revenues between $10 and $100 million. Prospective companies are profitable with a minimum EBITDA of $2 million and up to $10 million. Fulton looks for control investment situations and prefers opportunities located in the US. Sectors of interest include niche manufacturing, logistics, distribution, and service. Fulton Capital is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 7
Sector: Electrical Equipment M&A 1 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 4
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 7
Year: 2007 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-01 E-conolight

Racine, Wisconsin, United States

E-conolight, LLC is a distributor of lighting fixtures and accessories for use primarily in commercial and industrial settings. E-conolight's products include floodlights, linear fluorescent lights, high and low bay lights, exit signs, emergency lights, and other lighting products. E-conolight sells its products through direct-marketing catalogs and its website.

Buy -
Buyer

Merit Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Merit Capital Partners is a private investment firm that targets investments in middle market manufacturing, distribution, and service based businesses. Merit looks for companies generating at least $20 million in sales and at least $4 million in EBITDA. Merit can provide both equity and junior capital financing and looks to commit at least $15 million per transaction. Prospective transaction situations include management buyouts, recapitalizations, growth financings, divestitures, unsponsored transactions, and ESOPs. Merit Capital will not invest in start-ups, turnarounds, real estate, specialty retail, or oil/gas opportunities. Merit Capital was originally known as William Blair Mezzanine Capital and became independent in 2004. Merit Capital Partners was formed in 1993 and is based in Chicago, Illinois.


DEAL STATS #
Overall 47 of 105
Sector: Electrical Equipment M&A 2 of 6
Type: Buyout (LBO, MBO, MBI) M&A Deals 34 of 63
State: Pennsylvania M&A 3 of 4
Country: United States M&A 47 of 104
Year: 2007 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-06 Excell Materials

Pittsburgh, Pennsylvania, United States

Excell Materials, Inc. is a multinational company that extracts high-value metals content on behalf of major steelmakers and also specializes in the development of minerals technologies for commercial applications.

Sell $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-01 Active Minerals

Sparks, Maryland, United States

Active Minerals is a global market provider in the production and distribution of air-float kaolin and gel-grade attapulgite clays for customers in fiberglass, construction, drilling, agriculture, and concrete end markets, among others. The Company’s products provide highly tangible qualities in customers’ end products: Air-float kaolin strengthens fiberglass for usage in printed circuit boards prior to assembly in electronics end products such as phones, tablets, and automobiles. Gel-grade attapulgite is used to increase viscosity of mixtures in a variety of end markets including joint tape compounds used for wallboard construction, and paints & coatings to prevent settling and hard packing. Active Minerals International was founded in 1964 and is based in Sparks, Maryland.

Buy -