M&A Deal Summary

Gen Cap America Acquires Harford Systems

On September 2, 2021, private equity firm Gen Cap America acquired manufacturer Harford Systems from Avidity Science

Acquisition Highlights
  • This is Gen Cap America’s 4th transaction in the Manufacturing sector.
  • This is Gen Cap America’s 54th transaction in the United States.
  • This is Gen Cap America’s 2nd transaction in Maryland.

M&A Deal Summary

Date 2021-09-02
Target Harford Systems
Sector Manufacturing
Buyer(s) Gen Cap America
Sellers(s) Avidity Science
Deal Type Divestiture

Target

Harford Systems

Aberdeen, Maryland, United States
Harford Systems is a manufacturer of custom Metal Fabricators. Harford Systems is based in Aberdeen, Maryland.

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Buyer(S) 1

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 55 of 57
Sector (Manufacturing) 4 of 6
Type (Divestiture) 5 of 6
State (Maryland) 2 of 2
Country (United States) 54 of 56
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 L.W. Allen

Madison, Wisconsin, United States

L.W. Allen manufactures water and wastewater control systems and distributes industrial and heavy-duty pumps to municipal and industrial customers. The company’s electrical control solutions, marketed under the Altronex brand name, provide the hardware, software, and services used by operators to control water and wastewater systems. It also designs, distributes, installs, and services water and wastewater treatment pump systems. L.W. Allen was formed in 1961 and is based in Madison, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-03 Lab Products

Seaford, Delaware, United States

Lab Products is a manufacturer of laboratory animal housing and care equipment. Lab Products serves an entrenched global base of customers spanning multiple market segments, including the sciences, government, and academic research. Lab Products was founded in 1969 and is based in Seaford, Delaware.

Buy -

Seller(S) 1

SELLER

Avidity Science

Waterford, Wisconsin, United States

Category Company
Founded 1969
Sector Life Science
DESCRIPTION

Avidity Science is a designer and manufacturer of automated watering and monitoring solutions for the animal and laboratory research markets. Avidity Science was established in 1969 and is based in Waterford, Wisconsin.


DEAL STATS #
Overall 1 of 2
Sector (Manufacturing) 1 of 2
Type (Divestiture) 1 of 2
State (Maryland) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 UMG

Golden, Colorado, United States

UMG provides advanced state-of-the-art products for the safest, most accurate identification of research models available today, creating fully integrated systems designed to automate gathering, recording, and validating research data for researchers and facilities. UMG was established in 1987 and is headquartered in Golden, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-03 Lab Products

Seaford, Delaware, United States

Lab Products is a manufacturer of laboratory animal housing and care equipment. Lab Products serves an entrenched global base of customers spanning multiple market segments, including the sciences, government, and academic research. Lab Products was founded in 1969 and is based in Seaford, Delaware.

Sell -