M&A Deal Summary

Gladstone Investment, KCM Capital Partners and Capitala Group Acquire Mason West

On July 9, 2020, business development company Gladstone Investment, private equity firm KCM Capital Partners and asset manager Capitala Group acquired engineering company Mason West

Acquisition Highlights
  • This is Gladstone Investment’s 2nd, KCM Capital Partners’ 1st and Capitala Group’s 1st transaction in the Engineering sector.
  • This is Gladstone Investment’s 19th, KCM Capital Partners’ 4th and Capitala Group’s 82nd transaction in the United States.
  • This is Gladstone Investment’s 3rd, KCM Capital Partners’ 1st and Capitala Group’s 10th transaction in California.

M&A Deal Summary
Date 2020-07-09
Target Mason West
Sector Engineering
Buyer(s) Gladstone Investment
KCM Capital Partners
Capitala Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Mason West

Placentia, California, United States
Mason West is an engineering/design company that offers seismic restraint and vibration isolation for the installation of HVAC equipment, plumbing, and electrical trades. The company is a manufacturer of flexible hoses, expansion joints, seismic spring mounts, hangers, isolation curbs, and steel frames. Its combination of products and engineering services, unique in the industry, has been optimized to provide customers (design consultants, contractors, and building owners) with everything necessary for a complete, code-compliant seismic design. Mason West was formed in 1973 and is based in Placentia, California.

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Buyer(S) 3

Buyer

Gladstone Investment

Investor Investor Investor Investor Investor

Category Business Development Company
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 19 of 28
Sector (Engineering) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 11 of 15
State (California) 3 of 4
Country (United States) 19 of 27
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 The Maids

Omaha, Nebraska, United States

The Maids is a franchisor of residential cleaning services under the nationally recognized brand “The Maids". The Maids was founded in 1979 and is based in Omaha, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-08 Nocturne Villa Rentals

Telluride, Colorado, United States

Nocturne Villa Rentals is focused on acquiring and integrating luxury vacation rental management companies. Nocturne Villa Rentals is based in Telluride, Colorado.

Buy -
Buyer

KCM Capital Partners

Investor Investor Investor

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Agnostic
DESCRIPTION

KCM Capital Partners LLC is a private equity firm focused on investing in lower middle-market business services, value-added distribution, and specialty industrial companies throughout the US. KCM has a preference for 'fundamentals well-positioned' companies undergoing transition or experiencing change. The Firm looks to commit $10 to $50 million per platform investment and will consider transactions valued up to $150 million. KCM Capital Partners LLC was formed in 2017 and is headquartered in Chicago.

DEAL STATS #
Overall 4 of 8
Sector (Engineering) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 6
State (California) 1 of 2
Country (United States) 4 of 7
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-12 Industrial Valve

Eight Mile, Alabama, United States

Industrial Valve is a provider of specialty valve repair services and distributor of new and refurbished valves to an impressive base of blue-chip customers. IVS focuses on providing mission-critical inspection, maintenance and repair services for safety, manual and control valves within the Power, Paper, Chemical and Oil & Gas end markets. Industrial Valve was founded in 1975 and is based in Eight Mile, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-01 Four State International Trucks

Joplin, Missouri, United States

Four State International Trucks is a specialty distributor of aftermarket parts for the heavy-duty truck industry, specializing in chrome accessories and collision repair parts. Four State International Trucks was founded in 1979 and is based in Joplin, Missouri.

Buy -
Buyer

Capitala Group

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1998
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Capitala Group is an asset manager that provides equity and mezzanine capital to mid-sized companies valued up to $250 million. Funds are generally used to support growth needs, add-on acquisitions, management/leveraged buyouts, and recapitalizations. Capitatala will invest across the US, but generally targets opportunities located in the Southeast. Industry preferences include building products, business services, consumer/reteail, general industrial, healthcare, and technology. Prospective companies typically have revenues greater than $10 million and EBITDA of at least $3 million. Capitala was formed in 1998 and is headquartered in Charlotte, North Carolina.

DEAL STATS #
Overall 83 of 98
Sector (Engineering) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 36 of 41
State (California) 10 of 10
Country (United States) 82 of 97
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-09 Sur La Table

Brownsburg, Indiana, United States

Sur La Table is a multi-channel chain retailer offering a broad selection of premium quality goods for the kitchen and table. Sur La Table was founded in 1972 and is based in Brownsburg, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-30 California Pizza Kitchen

Costa Mesa, California, United States

California Pizza Kitchen is a casual dining chain featuring an imaginative line of hearth-baked pizzas, including the original BBQ Chicken Pizza, and a broad selection of distinctive pasta, salads, appetizers, soups, sandwiches, and desserts. California Pizza Kitchen was founded in 1985 and is based in Costa Mesa, California.

Sell -
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