M&A Deal Summary

Promus Equity Partners and Generation 3 Capital Acquire LogicMark

On December 30, 2011, private equity firms Promus Equity Partners and Generation 3 Capital acquired technology hardware company LogicMark

Acquisition Highlights
  • This is Promus Equity Partners’ 1st and Generation 3 Capital’s 2nd transaction in the Technology Hardware sector.
  • This is Promus Equity Partners’ 2nd and Generation 3 Capital’s 3rd transaction in the United States.
  • This is Promus Equity Partners’ 1st and Generation 3 Capital’s 2nd transaction in Kentucky.
Investment Fate
  • LogicMark was sold to a publicly-traded strategic buyer in 2016 for 20M USD.

M&A Deal Summary

Date 2011-12-30
Target LogicMark
Sector Technology Hardware
Buyer(s) Promus Equity Partners
Generation 3 Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

LogicMark

Louisville, Kentucky, United States
LogicMark LLC is a provider of unmonitored personal emergency response devices.

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Buyer(S) 2

Buyer

Promus Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Promus Equity Partners is a private investment firm affiliated with Promus Holdings, a multi-family office. Promus looks to fund buyouts, management buyouts, and recapitalizations as well as growth equity financings and strategic add-ons for existing portfolio companies. Sectors of interest include consumer products, food, beverages, industrial products, specialty materials, distribution, and business services. Target platform companies generally have up to $15 million of EBITDA. Promus Equity Partners was founded in 2011 and is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 27
Sector: Technology Hardware M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 12
State: Kentucky M&A 1 of 1
Country: United States M&A 2 of 26
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-11 ProSteel Security Products

Provo, Utah, United States

ProSteel Security Products is a manufacturer of gun safes, vault doors, and security doors used to protect firearms and other valuables from damage, theft, and unauthorized access. ProSteel’s gun safes are distributed exclusively through Browning Arms Company which markets them through a network of independent sales representatives to hundreds of sporting goods retailers, gun dealers, and safe retailers nationwide. ProSteel Security Products was founded in 1947 and is based in Provo, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-23 QCC

Harwood Heights, Illinois, United States

QCC is a manufacturing services provider specializing in the manufacture, assembly, and testing of complete products and assemblies, as well as precision-machined components for aerospace, diesel fuel systems, medical, defense, and fluid power applications. QCC was founded in 1951 and is based in Harwood Heights, Illinois.

Buy -
Buyer

Generation 3 Capital

Northbrook, Illinois, United States

Investor Investor Investor Investor


Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Generation3 Capital is a Midwest US-based private equity firm focused on recapitalizations, buyouts and growth capital investments in companies operating in the security, automatic identification and data capture and collection (AIDC), life safety, custom electronics, and sensing/control industries. Generation3 Capital is based in Buffalo Grove, Illinois.


DEAL STATS #
Overall 3 of 3
Sector: Technology Hardware M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 3
State: Kentucky M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-13 Fluidmesh Networks

Brooklyn, New York, United States

Fluidmesh Networks is a designer and manufacturer of point-to-point, point-to-multipoint and meshes wireless radio products for security, video surveillance, condition monitoring and/or high-bandwidth data transmission applications in outdoor environments. Fluidmesh Networks was founded in 2005 and is based in Brooklyn, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-18 LogicMark

Louisville, Kentucky, United States

LogicMark LLC is a provider of unmonitored personal emergency response devices.

Sell $20M