M&A Deal Summary

Gladstone Investment and Crofton Capital Acquire Schylling

On August 14, 2013, business development company Gladstone Investment and private equity firm Crofton Capital acquired consumer products company Schylling

Acquisition Highlights
  • This is Gladstone Investment’s 1st and Crofton Capital’s 1st transaction in the Consumer Products sector.
  • This is Gladstone Investment’s 5th and Crofton Capital’s 2nd transaction in the United States.
  • This is Gladstone Investment’s 1st and Crofton Capital’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2013-08-14
Target Schylling
Sector Consumer Products
Buyer(s) Gladstone Investment
Crofton Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Schylling

North Andover, Massachusetts, United States
Schylling is a toy and gift company known for its high-quality classic-style toys. The Company primarily sells into the specialty gift store distribution channel. The Company designs its own proprietary line of toys, designs toys for other brands under license agreements, and acts as a distributor for other toy companies via its unique distribution channel. Schylling was founded in 1975 and is based in North Andover, Massachusetts.'

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Buyer(S) 2

DESCRIPTION


DEAL STATS #
Overall 5 of 26
Sector (Consumer Products) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 3 of 15
State (Massachusetts) 1 of 1
Country (United States) 5 of 25
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 Jackrabbit

Ripon, California, United States

Jackrabbit is a manufacturer of harvesting machines that are now standard in the nut farming industry. Jackrabbit’s machines are stapled products in almond, walnut, and pecan harvesting, while Dakota’s self-propelled pruning towers and laser cutting and forming services expand its reach into crop industries, including cherries and avocados. Jackrabbit was founded in 1981 and is based in Ripon, California.

Buy $18M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-26 Noble Logistics

Houston, Texas, United States

Noble Logistics is a privately held provider of time critical dedicated logistic and distribution services in over 30 high growth markets throughout the United States. Noble is operated by highly competent and passionate team of business owners that have extensive distribution and logistic experience. Noble Logistics is based in Houston, Texas.

Buy -
DESCRIPTION

Crofton Capital LLC is a growth focused private equity firm that invests in and provides strategic resources to small and midsize businesses based primarily in the Northeast US. Crofton Capital looks for companies generating $1 to $5 million of EBITDA and revenues less than $50 million. Sectors of interest include business services, consumer products/services, distribution, e-commerce, manufacturing, software, and technology hardware. Crofton Capital was formed in 2009 and is based in Newton, Massachusetts.


DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Massachusetts) 1 of 1
Country (United States) 2 of 2
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-25 CognitiveTPG

Chicago, Illinois, United States

CognitiveTPG is a provider of high-performance point-of-sale transaction and barcode printers to the retail, banking, self-service kiosk, healthcare, hospitality, automotive service, and manufacturing/ logistics sectors. CognitiveTPG is based in Chicago, Illinois.

Buy -