Investment Summary

Graycliff Partners, Five Points Capital and Alitus Partners Invest In ATRO Engineered Systems

On October 1, 2020, private equity firms Graycliff Partners, Five Points Capital and Alitus Partners invested in automotive company ATRO Engineered Systems

Investment Highlights
  • This is Graycliff Partners’ 2nd, Five Points Capital’s 5th and Alitus Partners’ 1st transaction in the Automotive sector.
  • This is Graycliff Partners’ 45th, Five Points Capital’s 77th and Alitus Partners’ 1st transaction in the United States.
  • This is Graycliff Partners’ 3rd, Five Points Capital’s 1st and Alitus Partners’ 1st transaction in Missouri.

Investment Summary

Date 2020-10-01
Target ATRO Engineered Systems
Sector Automotive
Investor(s) Graycliff Partners
Five Points Capital
Alitus Partners
Deal Type Growth Capital

Target

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.

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Investor(S) 3

Investor

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 50 of 72
Sector (Automotive) 2 of 2
Type (Growth Capital) 11 of 19
State (Missouri) 3 of 3
Country (United States) 45 of 67
Year (2020) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-02 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 Griffin Dewatering

Houston, Texas, United States

Griffin Dewatering is a provider of groundwater control solutions for large scale civil and infrastructure, industrial, power and commercial construction. Griffin offers unique design, engineering, permitting and system installation capabilities with an extensive fleet of specialized pump equipment. Griffin Dewatering was founded in 1934 and is based in Houston, Texas.

Buy -
Investor

Five Points Capital

Winston-Salem, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.


DEAL STATS #
Overall 77 of 89
Sector (Automotive) 5 of 5
Type (Growth Capital) 11 of 18
State (Missouri) 1 of 1
Country (United States) 77 of 89
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-30 CURT Group

Eau Claire, Wisconsin, United States

CURT Group is a designer, manufacturer, and distributor of towing solutions, and trailer and cargo management accessories for passenger vehicles and trucks. Its products are sold through installers, distributors, e-commerce, retail, and auto dealer channels. CURT Group was founded in 1994 and is based in Eau Claire, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 Northwest Plan Services

Seattle, Washington, United States

Northwest Plan Services, Inc. is an independent recordkeeper and administrator of retirement plans. The Company provides a comprehensive suite of services for 401(k), profit sharing, defined contribution plans, defined benefit pension plans, and other plan types. In addition to recordkeeping, administration, compliance and participant services, the Company provides consulting, employee communication and actuarial services to a client base ranging from small to medium-sized companies having 50 to 500 employees to large, S&P 500 clients with tens of thousands of employees. Northwest Plan Services was formed in 1994 and is based in Seattle, Washington.

Sell -
DESCRIPTION

Alitus Partners is a generalist private investment firm focused on lower middle-market business acquisitions in the US and Canada. The Firm targets profitable companies with up to $10 million of EBITDA. Alitus prefers businesses operating in basic industries including the manufacturing, processing, and industrial sectors. Prospective transaction types include family successions, buyouts, growth financings, turnarounds, and carve-outs. Alitus Partners was formed in 2014 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Growth Capital) 1 of 1
State (Missouri) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1