M&A Deal Summary

Fusion Specialties Acquires Goldsmith

On April 30, 2009, Fusion Specialties acquired manufacturer Goldsmith from Coastline Capital and Prairie Capital

Acquisition Highlights
  • This is Fusion Specialties’ 1st transaction in the Manufacturing sector.
  • This is Fusion Specialties’ 1st transaction in the United States.
  • This is Fusion Specialties’ 1st transaction in New York.

M&A Deal Summary

Date 2009-04-30
Target Goldsmith
Sector Manufacturing
Buyer(s) Fusion Specialties
Sellers(s) Coastline Capital
Prairie Capital
Deal Type Add-on Acquisition

Target

Goldsmith

New York, New York, United States
Goldsmith is the nation’s leading designer and manufacturer of high-end mannequins sold to department stores and specialty retailers. Formed in 1927, Goldsmith is the oldest mannequin manufacturer in the United States and is known for its fashion forward design aesthetic and creative solutions for a variety of visual merchandising environments.

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Buyer(S) 1

Buyer

Fusion Specialties

Broomfield, Colorado, United States

Category Company
Founded 1986
Sector Manufacturing
DESCRIPTION

Fusion is a team of artists, engineers, and project managers whose top priority is to listen to peoples wishes, brand learning and delivering custom solutions tailored specifically to the satisfaction of it's customers. The areas focused on are Custom design, value engineering, and innovative manufacturing.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 M&A 1 of 1

Seller(S) 2

SELLER

Coastline Capital

New York, New York, United States

Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Coastline Capital LLC is a private equity firm that invests in middle market companies located in the US and Canada. Coastline Capital focuses on companies with profitable history, positive EBITDA and strong market positions with revenues between $10 - $150 million and EBITDA of more than $3 million. Specific areas of interest include manufacturing, distribution, consumer services, restaurants and retail. The Firm will consider a variety of transaction types, including buyouts, growth capital, recapitalizations and special situations. Coastline Capital LLC was formed in 2000 and is based in Valley Stream, New York.


DEAL STATS #
Overall 1 of 2
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: New York M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2009 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-01 Ashland Industries

Ashland, Wisconsin, United States

Ashland Industries is a manufacturer of agricultural and commercial tractor-drawn, direct-mount and dolly-wheeled ejection scrapers and carry-all style pivoting dump scrapers used by farms and infrastructure contractors to grade and condition terrain. Ashland Industries was founded in 1953 and is based in Ashland, Wisconsin.

Buy -
SELLER

Prairie Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 525M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prairie Capital is a private investment firm that provides equity and/or mezzanine capital to support buyouts and recapitalization of lower middle-market companies generating sales of $20 - $100 million with an EBITDA of $4 - $12 million. Areas of interest include niche manufacturers, business services, consumer products, marketing services, specialty chemical, and food businesses. The firm invests in the range of $25 - $45 million per transaction. Prairie Capital was formed in 1997 and is based in Chicago, Illinois.


DEAL STATS #
Overall 19 of 56
Sector: Manufacturing M&A 4 of 4
Type: Add-on Acquisition M&A Deals 4 of 19
State: New York M&A 4 of 5
Country: United States M&A 19 of 55
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-01 FCA Packaging

Moline, Illinois, United States

FCA Packaging is a provider of custom industrial packaging that includes wood, steel, corrugated and hybrid products, as well as expendable, reusable, and returnable solutions. FCA Packaging was founded in 1985 and is based in Moline, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-01 StyleCraft

Southaven, Mississippi, United States

StyleCraft is a designer, manufacturer, and marketer of home decor products. StyleCraft has a broad product offering in the mid-priced portable lamps, tabletop accessories, and framed art and differentiates itself with its unique ability to deliver attractive fashions at modest price points. StyleCraft distributes products through all major retail channels, including independent retail stores, specialty home décor retailers, mass merchants, home centers, and department stores. StyleCraft was founded in 1968 and is based in Southaven, Mississippi.

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