M&A Deal Summary

Graycliff Partners and Brookside Capital Partners Acquire Gerard Daniel Worldwide

On September 2, 2020, private equity firm Graycliff Partners and mezzanine finance firm Brookside Capital Partners acquired manufacturer Gerard Daniel Worldwide

Acquisition Highlights
  • This is Graycliff Partners’ 6th and Brookside Capital Partners’ 2nd transaction in the Manufacturing sector.
  • This is Graycliff Partners’ 44th and Brookside Capital Partners’ 42nd transaction in the United States.
  • This is Graycliff Partners’ 4th and Brookside Capital Partners’ 5th transaction in Pennsylvania.

M&A Deal Summary
Date 2020-09-02
Target Gerard Daniel Worldwide
Sector Manufacturing
Buyer(s) Graycliff Partners
Brookside Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Gerard Daniel Worldwide

Hanover, Pennsylvania, United States
Gerard Daniel Worldwide is a manufacturer and distributor of wire mesh and other wire products used in a variety of applications and end markets. Gerard Daniel products are used for filtration, sound suppression, heat dispersion, and electrochemical applications, and sold into end markets such as automotive, aerospace, energy, pharmaceutical, electronics, food, and general manufacturing. Gerard Daniel Worldwide was founded in 1952 and is based in Hanover, Pennsylvania.

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Buyer(S) 2

Buyer

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.

DEAL STATS #
Overall 49 of 72
Sector (Manufacturing) 6 of 8
Type (Buyout (LBO, MBO, MBI)) 18 of 26
State (Pennsylvania) 4 of 5
Country (United States) 44 of 67
Year (2020) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-01 Alpha Imaging

Willoughby, Ohio, United States

Alpha Imaging is a distributor and service partner for major OEMs, delivering value-added sale processing, distribution, installation, and service support to over 1,100 healthcare facilities throughout the Midwest, Mid-Atlantic, and Southeast. Alpha is an independent sales and service providers of advanced medical imaging equipment in the United States. Alpha Imaging was formed in 1986 and is based in Willoughby, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 ATRO Engineered Systems

St. Clair, Missouri, United States

ATRO Engineered Systems is a designer, manufacturer, and distributor of polyurethane parts for heavy-duty trucks and equipment. ATRO Engineered Systems was founded in 1987 and is based in St. Clair, Missouri.

Buy -
Buyer

Brookside Capital Partners

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Brookside Capital Partners is an investment management firm focused on stable lower-middle market companies in the US. The Firm typically commits $5 to $30 million per transaction to support buyouts, leveraged recapitalizations, strategic acquisitions and growth. Potential businesses generally have revenue greater than $15 million, and EBITDA of at least $4 million. Industries of interest include business services, consumer, distribution, healthcare, manufacturing, and transportation and logistics. Brookside Capital Partners was established in 2001 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 42 of 63
Sector (Manufacturing) 2 of 4
Type (Buyout (LBO, MBO, MBI)) 11 of 15
State (Pennsylvania) 5 of 8
Country (United States) 42 of 63
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-14 TenderHeart Health Outcomes

Austin, Texas, United States

TenderHeart Health Outcomes is a provider of care management solutions, in partnership with managed care organizations, for patients with incontinence issues. TenderHeart Health Outcomes was founded in 2005 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Spectrio

Tampa, Florida, United States

Spectrio is a provider of technology-enabled, customer engagement, and content management solutions, including digital signage, interactive kiosks, on-hold marketing, on-premise messaging & music, and Wi-Fi marketing. Spectrio's subscription-based model is underpinned by a large, proprietary content library including 10,000+ templates and 100,000+ pieces of customized, vertical-specific content delivered through a proprietary, cloud-based content management software platform that enables scalable, efficient deployment of brand-compliant content for its large, diverse, and location-based clients. Spectrio was founded in 1986 and is based in Tampa, Florida.

Sell -
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