M&A Deal Summary

Glencoe Capital Acquires Campbell Grinder

On February 7, 2011, private equity firm Glencoe Capital acquired machinery company Campbell Grinder

Acquisition Highlights
  • This is Glencoe Capital’s 3rd transaction in the Machinery sector.
  • This is Glencoe Capital’s 18th transaction in the United States.
  • This is Glencoe Capital’s 5th transaction in Michigan.

M&A Deal Summary
Date 2011-02-07
Target Campbell Grinder
Sector Machinery
Buyer(s) Glencoe Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Variant Capital Advisors LLC (Financial)

Target

Campbell Grinder

Spring Lake, Michigan, United States
Campbell Grinder is a process design, layout and engineering services firm focused on the design and assembly of premium quality grinding machines. The company also serves as an outsourced engineering team for its customers, designing and assembling value-added, turnkey solutions for complex manufacturing processes. Campbell Grinder was founded in 1969 and is based in Spring Lake, Michigan.

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Buyer(S) 1

Buyer

Glencoe Capital

Manchester, New Hampshire, United States

Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Glencoe Capital is a private equity firm that invests in leveraged buyouts and recapitalizations of middle-market companies. Glencoe consists of Glencoe Capital Partners Funds which seeks North American businesses valued between $25 million and $125 million, and the Michigan Opportunities Fund which looks to invest in recapitalizations, buyouts, and growth equity transactions in Michigan. Sectors of interest include business and media services, financial services, food and consumer products, and industrials. Glencoe prefers platform companies to have at least $30 million of sales and EBITDA of at least $3 million. Glencoe Capital was formed in 1994 and is a unit of Leoville Holdings, an alternative investment manager. Glencoe Capital is based in Chicago with an additional office in Birmingham, Michigan.

DEAL STATS #
Overall 21 of 28
Sector (Machinery) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 11 of 14
State (Michigan) 5 of 9
Country (United States) 18 of 25
Year (2011) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-30 ACE Bakery

Mississauga, Ontario, Canada

ACE Bakery Ltd. is a specialty bread-maker that develops and markets a range of premium artisan breads under its own brand, relying on strict, traditional recipes and fresh, all-natural ingredients of the highest quality.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-28 SDI

Bristol, Pennsylvania, United States

SDI is a provider of MRO (maintenance, repair, and operations) integrated supply chain management services in North America. SDI helps customers optimize business performance by providing technology and supply chain solutions to increase productivity and reduce costs. SDI was established in 1968 and is based in Bristol, Pennsylvania.

Sell -
Mergr

Product

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