M&A Deal Summary

Graham Partners Acquires E-Tech

On April 11, 2024, private equity firm Graham Partners acquired software company E-Tech from Falfurrias Capital Partners

Acquisition Highlights
  • This is Graham Partners’ 2nd transaction in the Software sector.
  • This is Graham Partners’ 49th transaction in the United States.
  • This is Graham Partners’ 3rd transaction in Ohio.

M&A Deal Summary

Date 2024-04-11
Target E-Tech
Sector Software
Buyer(s) Graham Partners
Sellers(s) Falfurrias Capital Partners
Deal Type Secondary Buyout
Advisor(s) Robert W. Baird & Co., Inc. (Financial)

Target

E-Tech

West Chester, Ohio, United States
E-Tech is a provider of software and automation systems integration & engineering design services for a diverse roster of blue-chip customers in categories ranging from pharmaceuticals and consumer packaged goods to logistics and food and beverage. E-Tech was founded in 1993 and is based in West Chester, Ohio.

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Buyer(S) 1

Buyer

Graham Partners

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graham Partners is a private equity that targets middle market industrial and manufacturing companies. The Firm seeks to invest in businesses based in the US and also consider investments in Canada and Western Europe. Graham Partners focuses on strong growth potential companies with high return on invested capital, led by experienced management teams in revenues between $30 - $500 million and EBITDA between $10 million and $50 million. The firm typically invests between $10 million and $100 million in equity and the balance via debt and can invest higher than $100 million through co-investments. Broad areas of interest include building products, water management, medical products, consumer products, packaged food & beverage, packaging, aerospace/defense, agriculture, capital equipment, energy related products, home and outdoor, sports and leisure, and transportation services. Prospective transaction types include MBOs, recapitalization and growth capital financing. Graham Partners is an affiliate of The Graham Group was formed in 1988 and is based in Newton Square, Pennsylvania.


DEAL STATS #
Overall 56 of 56
Sector (Software) 2 of 2
Type (Secondary Buyout) 12 of 12
State (Ohio) 3 of 3
Country (United States) 49 of 49
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-27 Commercial Bakeries

Toronto, Ontario, Canada

Commercial Bakeries is a producer of private-label packaged cookies with a focus on specialty / premium, better-for-you, and seasonal / limited time offering products for retail grocery chains and brands in North America. Commercial Bakeries is based in Toronto, Ontario.

Buy -

Seller(S) 1

SELLER

Falfurrias Capital Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Falfurrias Capital Partners is a private equity firm that invests in lower and middle-market companies located in the Eastern US. Falfurrias focuses on companies with experienced management teams, differentiated product features, diverse customers, revenues in excess of $10 million, and EBITDA of $5 million to $40 million. The Firm looks to invest at least $25 million per transaction. Specific areas of interest include financial services, consumer products, health care, building products, manufacturing, business services, education, training, infrastructure, and information services. The Firm will consider a variety of transaction types, including buyouts, growth capital financings, recapitalization, and corporate divestitures. Falfurrias Capital Partners was formed in 2006 and based in Charlotte, North Carolina.


DEAL STATS #
Overall 16 of 16
Sector (Software) 2 of 2
Type (Secondary Buyout) 8 of 8
State (Ohio) 1 of 1
Country (United States) 16 of 16
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-24 NPI

Atlanta, Georgia, United States

NPI is a provider of data-driven intelligence and tech-enabled services designed specifically to assist large enterprises with IT procurement cost optimization. The company delivers transaction-level price benchmark analysis, license and service optimization analysis, and vendor-specific negotiation intel that enables IT buying teams to drive material savings and measurable ROI. NPI is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-06 Edge Industrial Technologies

Wilder, Kentucky, United States

Edge Industrial Technologies is a provider of aftermarket consumables to the food processing, packaging, converting and extrusion industries worldwide, which includes machine knives, blades, and punches. Edge Industrial Technologies was founded in 2018 and is based in Wilder, Kentucky.

Buy -