M&A Deal Summary

Gemini Investors and Massachusetts Capital Resources Company Acquire Phillips screw

On November 17, 2015, private equity firm Gemini Investors and mezzanine finance firm Massachusetts Capital Resources Company acquired manufacturer Phillips screw

Acquisition Highlights
  • This is Gemini Investors’ 8th and Massachusetts Capital Resources Company’s 3rd transaction in the Manufacturing sector.
  • This is Gemini Investors’ 70th and Massachusetts Capital Resources Company’s 19th transaction in the United States.
  • This is Gemini Investors’ 8th and Massachusetts Capital Resources Company’s 18th transaction in Massachusetts.

M&A Deal Summary

Date 2015-11-17
Target Phillips screw
Sector Manufacturing
Buyer(s) Gemini Investors
Massachusetts Capital Resources Company
Deal Type Buyout (LBO, MBO, MBI)

Target

Phillips screw

Amesbury, Massachusetts, United States
Phillips Screw is a manufacturer and distributor of patented fastener commonly used throughout the world across a wide variety of end markets including building products, aerospace, automotive and industrial applications. Phillips screw was founded in 1935 and is based in Amesbury, Massachusetts.

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Buyer(S) 2

Buyer

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 70 of 96
Sector (Manufacturing) 8 of 10
Type (Buyout (LBO, MBO, MBI)) 30 of 38
State (Massachusetts) 8 of 9
Country (United States) 70 of 96
Year (2015) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-27 PureCars

Atlanta, Georgia, United States

PureCars is an operator of the digital advertising platform for the automotive industry. PureCars unlocks dealerships full sales potential with data-driven, multi-channel technology solutions and expert digital strategy teams. By utilizing its extensive data library and proprietary technology, PureCars’ marketing automation and business intelligence solutions enable dealers to capture more customers, optimize spend efficiency and maximize profitability. PureCars was founded in 2007 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 TGC Components

Grand Junction, Colorado, United States

Colorado Components is a manufacturer and distributor of aftermarket wheels, tires and wheel accessories for the powersports and golf cart markets.

Sell -
Buyer

Massachusetts Capital Resources Company

Boston, Massachusetts, United States

Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1977
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Massachusetts Capital Resource Company (MCRC) is a limited partnership privately owned and funded by Massachusetts-based life insurance companies. MCRC provides mezzanine financing for businesses with $3 to $100 million in revenue seeking capital to fund growth, strengthen balance sheets, or complete acquisitions. MCRC will consider investments in technology and non-technology companies seeking capital of $1 to $5 million. MCRC was formed in 1977 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 19 of 34
Sector (Manufacturing) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 12 of 14
State (Massachusetts) 18 of 33
Country (United States) 19 of 34
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-01 Triumvirate Environmental

Somerville, Massachusetts, United States

Triumvirate Environmental is a provider of waste management and environmental services to Healthcare, Education, Life Sciences, and Industrial markets on the east coast. Triumvirate Environmental was founded in 1988 and is based in Somerville, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-03 Quadrant Software

Mansfield, Massachusetts, United States

Quadrant Software, Inc. is a provider of electronic document management software primarily for the IBM iSeries. Quadrant provides application modernization, mobile development, business intelligence and document distribution solutions and services.

Sell -