M&A Deal Summary

Granite Partners Acquires Microbiologics

On March 4, 2008, private equity firm Granite Partners acquired life science company Microbiologics

Acquisition Highlights
  • This is Granite Partners’ 1st transaction in the Life Science sector.
  • This is Granite Partners’ 7th transaction in the United States.
  • This is Granite Partners’ 6th transaction in Minnesota.

M&A Deal Summary
Date 2008-03-04
Target Microbiologics
Sector Life Science
Buyer(s) Granite Partners
Deal Type Recapitalization

Target

Microbiologics

Saint Cloud, Minnesota, United States
MicroBioLogics is a producer of lyophilized microorganisms for quality control, with distribution in more than 100 countries throughout the world. Microbiologics was founded in 1971 and is based in Saint Cloud, Minnesota.

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Buyer(S) 1

Buyer

Granite Partners

St. Cloud, Minnesota, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Granite Equity Partners is a private equity firm that invests in established companies headquartered in the upper Midwest, with a preference for Minnesota based opportunities. Granite looks for businesses in a wide range of industries and targets management buyouts, recapitalizations, and growth capital financing transactions. Prospective companies generally have revenues between $10 to $100 million and EBITDA between $1 to $5 million. Granite Equity Partners was formed in 2002 and is based in St. Cloud, Minnesota with additional office in Northfield, Minnesota.

DEAL STATS #
Overall 7 of 13
Sector (Life Science) 1 of 1
Type (Recapitalization) 1 of 1
State (Minnesota) 6 of 11
Country (United States) 7 of 13
Year (2008) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-29 Hoonuit

Minneapolis, Minnesota, United States

Hoonuit LLC provides educators with the tools needed to make informed, impactful action. Through solutions that provide intuitive analytics and personalized professional development, Hoonuit fuels teacher, staff and student success. Hoonuit LLC was founded in 2000 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-09 WebEquity Solutions

Omaha, Nebraska, United States

WebEquity Solutions LLC is a provider of on-demand lending software solutions.

Buy -
Mergr

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