M&A Deal Summary

Gen Cap America and Tenth Street Capital Acquire Gared Performance Sports Systems

On January 10, 2017, private equity firm Gen Cap America and mezzanine finance firm Tenth Street Capital acquired consumer products company Gared Performance Sports Systems

Acquisition Highlights
  • This is Gen Cap America’s 4th and Tenth Street Capital’s 2nd transaction in the Consumer Products sector.
  • This is Gen Cap America’s 42nd and Tenth Street Capital’s 33rd transaction in the United States.
  • This is Gen Cap America’s 1st and Tenth Street Capital’s 2nd transaction in Indiana.

M&A Deal Summary

Date 2017-01-10
Target Gared Performance Sports Systems
Sector Consumer Products
Buyer(s) Gen Cap America
Tenth Street Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Gared Performance Sports Systems

Noblesville, Indiana, United States
Gared is a manufacturer and marketer of sports equipment and custom gymnasium solutions. Gared markets its products and services through a strong network of dealers worldwide. Gared was founded in 1922 and is based in Noblesville, Indiana.

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Buyer(S) 2

Buyer

Gen Cap America

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Gen Cap America, Inc. is a private investment firm focused on acquisitions and recapitalization of mid-sized businesses. Gen Cap looks to invest in privately held companies or non-core divestitures generating $10 to $200 million in annual revenues. Gen Cap prefers businesses operating in basic industries, such as manufacturing, distribution, and services. The Firm avoids investing in real estate or 'high-tech' businesses. Gen Cap America was formed in 1988 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 43 of 57
Sector (Consumer Products) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 35 of 44
State (Indiana) 1 of 1
Country (United States) 42 of 56
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-29 Pyramyd Air

Solon, Ohio, United States

Pyramyd Air is a provider of air guns, airsoft guns and BB guns, as well as ammunition and related parts and accessories. Pyramyd distributes over 8,500 SKUs, including over 4,500 guns and over 4,000 accessories, including ammunition, practice targets, cleaning products and other outdoor and recreational products. Pyramyd Air was founded in 1996 and is headquartered in Solon, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-14 Keystone

Erie, Pennsylvania, United States

Keystone is a manufacturer of products that sells exclusively to promotional products distributors. Keystone's products include water bottles, stadium cups and steins, hand fans, tote bags, desk accessories, household and personal items, and many more. Keystone was founded in 1993 and is based in Erie, Pennsylvania.

Buy -
Buyer

Tenth Street Capital

Chattanooga, Tennessee, United States

Investor Investor


Category Mezzanine Finance Firm
Founded 2005
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tenth Street Capital is an independent investment firm that seeks to invest in lower middle-market companies operating in a broad range of industries. The Firm provides mezzanine and equity co-investments to profitable businesses with strong market positions and diverse customers. Areas of interest include manufacturing, distribution, and services. Investment proceeds are generally used to support acquisitions, buyouts, and recapitalizations. Tenth Street Capital was formed in 2005 and is based in Chattanooga, Tennessee.


DEAL STATS #
Overall 33 of 35
Sector (Consumer Products) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 24 of 25
State (Indiana) 2 of 2
Country (United States) 33 of 35
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 Timberland Cabinetry

Spring Hill, Tennessee, United States

Timberland Cabinetry manufactures and sells kitchen and bath cabinetry throughout the U.S. and the Caribbean. Timberland Cabinetry was founded in 2005 and is based in Spring Hill, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-25 Lawn Dawg

Nashua, New Hampshire, United States

Lawn Dawg is a provider of lawn care services specializing in the application of fertilizers, herbicides, and pesticides to residential and commercial customers. Lawn Dawg was founded in 1997 and is based in Nashua, New Hampshire.

Sell -