M&A Deal Summary

Graybar Electric Company Acquires Cape Electrical Supply

On June 30, 2016, Graybar Electric Company acquired distribution company Cape Electrical Supply from Svoboda Capital Partners, PNC Mezzanine Capital and Apogem Capital

Acquisition Highlights
  • This is Graybar Electric Company’s 5th transaction in the Distribution sector.
  • This is Graybar Electric Company’s 5th transaction in the United States.
  • This is Graybar Electric Company’s 1st transaction in Missouri.

M&A Deal Summary

Date 2016-06-30
Target Cape Electrical Supply
Sector Distribution
Buyer(s) Graybar Electric Company
Sellers(s) Svoboda Capital Partners
PNC Mezzanine Capital
Apogem Capital
Deal Type Add-on Acquisition
Advisor(s) BB&T Capital Markets (Financial)

Target

Cape Electrical Supply

Cape Girardeau, Missouri, United States
Cape Electrical Supply is a distributor of electrical and communications products to commercial, industrial, residential, institutional, and utility customers.

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Buyer(S) 1

Buyer

Graybar Electric Company

St. Louis, Missouri, United States

Category Company
Founded 1869
Sector Electrical Equipment
Employees8,250
DESCRIPTION
Graybar Electric's corporate headquarters in St. Louis, Missouri.
Graybar Electric's corporate headquarters in St. Louis, Missouri.

Graybar Electric Company, Inc. is a producer of high quality electrical, communications and data networking products, and specializes in related supply chain management and logistics services. Graybar Electric was formed in 1869 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 6 of 13
Sector (Distribution) 5 of 10
Type (Add-on Acquisition) 6 of 13
State (Missouri) 1 of 2
Country (United States) 5 of 12
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-24 Advantage Industrial Automation

Duluth, Georgia, United States

Advantage Industrial Automation, Inc. is a provider of control and automation solutions to industrial users, original equipment manufacturers (OEMs) and system integrators.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Shingle & Gibb Automation

Moorestown, New Jersey, United States

Shingle & Gibb Automation provides advanced automation and control solutions to industrial users and original equipment manufacturers (OEMs). Shingle & Gibb Automation was founded in 1933 and is based in Moorestown, New Jersey.

Buy -

Seller(S) 3

SELLER

Svoboda Capital Partners

Chicago, Illinois, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Svoboda Capital Partners is a private equity firm that seeks buyout, recapitalization, and growth capital investments in mid-sized companies with leading market positions, strong customer relationships, and high margins. Svoboda generally looks to invest up to $25 million in businesses generating sales of $10 to $100 million and EBITDA of $3 to $15 million. Sectors of interest include value-added distribution, business services, and consumer products. Svoboda Capital Partners was formed in 1998 and is based in Chicago, Illinois.


DEAL STATS #
Overall 22 of 34
Sector (Distribution) 7 of 11
Type (Add-on Acquisition) 8 of 14
State (Missouri) 1 of 1
Country (United States) 22 of 34
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-08 Grabber Construction Products

Highland, Utah, United States

GRABBER Construction Products, Inc. is an international distributor and manufacturer of premium fasteners and fastening systems for wood, metal, and drywall applications in the commercial and residential construction markets. Grabber Construction Products was established in 1967 and is based in Highland, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-08 One North Interactive

Chicago, Illinois, United States

One North Interactive is a digital marketing consultancy focused on assisting middle- to large-market professional services and other B2B organizations in using digital brand strategy, user experience, creative, social media, and technology to create unique and meaningful customer experiences. One North Interactive was established in 2012 and is based in Chicago, Illinois.

Buy -
SELLER

PNC Mezzanine Capital

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

PNC Mezzanine Capital is the subordinated debt investing arm of PNC Bank. PNC Mezzanine looks to provide $10 to $50 million of junior capital to middle-market companies in a variety of industries. Prospective companies generally have revenues of $20 million and EBITDA greater than $4 million. Broad sectors of interest include niche manufacturing, value-added distribution, and business or consumer services. PNC will not invest in early-stage or technology-driven businesses; real estate, commodity-based or capital-intensive companies; businesses with high customer or vendor concentration; or declining businesses. PNC Mezzanine was formed in 1989 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 28 of 49
Sector (Distribution) 3 of 5
Type (Add-on Acquisition) 8 of 15
State (Missouri) 2 of 2
Country (United States) 27 of 47
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-22 Integrated Supply Network

Lakeland, Florida, United States

Integrated Supply Network is a supplier and distributor that sells automotive tools, equipment, and related supplies through an extensive distribution network to automotive mechanics and technicians. ISN offers manufacturers and customers an international network of warehouses and a broad array of products, backed by customer service leadership, innovative use of technology, and multi-step pull-through marketing capabilities. ISN was founded in 1997 and is based in Lakeland, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-16 Polycor

Quebec, Quebec, Canada

Polycor is a dimensional stone company in North America, operating a network of quarries, manufacturing facilities, and retail stores. Polycor crafts custom stone blocks, slabs, tiles, mosaics, architectural stone, curbs, and landscaping products sold to diverse end markets. Polycor was founded in 1987 and is based in Quebec City.

Buy -
SELLER

Apogem Capital

Chicago, Illinois, United States

Category Asset Manager
Founded 2001
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apogem Capital is a diversified alternative investment manager and subsidiary of insurance provider, New York Life. Apogem manages a variety of investment strategies including private equity, private credit, and real assets. Within private equity, the Firm looks to make fund, direct, and secondary investments, as well as acquire GP stakes. Within its direct investing activity, Apogem targets mid-sized companies valued up to $250 million and will consider businesses throughout North America and Europe. Apogem Capital formed as the result of New York Life combining PA Capital, Madison Capital Funding, and Goldpoint Partners into one entity. Apogem Capital is based in New York City.


DEAL STATS #
Overall 20 of 52
Sector (Distribution) 1 of 2
Type (Add-on Acquisition) 9 of 21
State (Missouri) 1 of 1
Country (United States) 20 of 52
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-30 Expedited Travel

West Palm Beach, Florida, United States

Expedited Travel is a provider of expedited travel document processing services and travel visa expediting services and complementary solutions through its RushMyPassport, RushMyTravelVisa, and G3 Visas and Passports brand names. Expedited Travel was founded in 2007 and is based in West Palm Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-24 Right at Home

Omaha, Nebraska, United States

Right at Home, Inc. is a franchise platform in the in-home senior care industry offering a broad range of services and ancillary programs that provide a continuum of care for seniors. The company is one of the largest franchise platforms in the sector consisting of three wholly owned subsidiaries including Right at Home, Right at Home International, and IKOR that serve more than 500 territories globally.

Buy -