M&A Deal Summary

Grey Mountain Partners Acquires Genesis Worldwide II

On September 7, 2007, private equity firm Grey Mountain Partners acquired machinery company Genesis Worldwide II from KPS Capital Partners and Pegasus Capital Advisors

Acquisition Highlights
  • This is Grey Mountain Partners’ 1st transaction in the Machinery sector.
  • This is Grey Mountain Partners’ 5th transaction in the United States.
  • This is Grey Mountain Partners’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2007-09-07
Target Genesis Worldwide II
Sector Machinery
Buyer(s) Grey Mountain Partners
Sellers(s) KPS Capital Partners
Pegasus Capital Advisors
Deal Type Secondary Buyout

Target

Genesis Worldwide II

Callery, Pennsylvania, United States
Genesis Worldwide II, Inc. is a designs, engineers and manufactures high-quality metal coil processing equipment through its Herr-Voss Stamco business unit. The Company also provides mill roll reconditioning, texturing and grinding services in addition to its rebuild, repair and spare parts business.

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Buyer(S) 1

Buyer

Grey Mountain Partners

Boulder, Colorado, United States

Category Private Equity Firm
Founded 1992
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Grey Mountain Partners is a private equity firm focused on investments in smaller middle-market companies. Grey Mountain targets new platform companies with minimum revenues of $25 million and EBITDA greater than $5 million. The Firm can commit up to $75 million per platform investment. Sectors of interest include diversified manufacturing, wholesale/distribution, business services, software, consumer services, packaging, food & beverage, specialty chemicals, financial services, energy, and defense. Prospective transaction situations can include corporate divestitures, MBOs, consolidation opportunities, family held companies in transition, and companies in distress or emerging from bankruptcy. Grey Mountain Partners is based in Boulder, Colorado.


DEAL STATS #
Overall 5 of 23
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 1 of 5
State (Pennsylvania) 1 of 4
Country (United States) 5 of 23
Year (2007) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-01 UTEX

Houston, Texas, United States

UTEX is a designer and manufacturer of highly engineered specialty sealing solutions and downhole consumables used for oil and gas drilling, completion and production, in addition to water management and mining. UTEX was founded in 1940 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 Bolttech Mannings

New Versailles, Pennsylvania, United States

Bolttech Mannings is a service provider in the joint integrity market and the pioneer of the induction bolt heating process. With a reputation for technical expertise and innovative technology, it is uniquely positioned as one of the only providers of turnkey bolting solutions on-site service, rental tools, and product sales with OEM manufacturing capabilities. Bolttech Mannings was formed in 1979 and is based in New Versailles, Pennsylvania.

Sell -

Seller(S) 2

SELLER

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 13.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $100 million to $1 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York City.


DEAL STATS #
Overall 10 of 34
Sector (Machinery) 2 of 5
Type (Secondary Buyout) 4 of 11
State (Pennsylvania) 1 of 1
Country (United States) 8 of 28
Year (2007) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-31 Blue Ridge Paper Products

Canton, North Carolina, United States

Blue Ridge Paper Products, Inc. is a integrated manufacturer of liquid packaging, envelope paper and coated bleachboard used in food service packaging.

Sell $338M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-05 United Road Services

Romulus, Michigan, United States

United Road Services is a provider of vehicle transport and logistics in North America. United Road serves 10,000-plus diverse customers including manufacturers, retailers, finance and leasing companies, rental agencies, auctions, web-based logistics firms and individuals transporting millions of new, remarketed and specialty vehicles annually. United Road Services was founded in 1998 and is based in Romulus, Michigan.

Sell -
SELLER

Pegasus Capital Advisors


Category Private Equity Firm
Founded 1996
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pegasus Capital Advisors is a private equity firm focused on providing equity and junior capital to middle-market companies across a wide variety of industries. Pegasus looks to commit between $50 and $150 million per transaction. Sectors of interest include building materials, consumer products/services, energy, financial services/insurance, IT, marketing/communications, metals/minerals, and safety/security. Pegasus was formed in 1995 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 1 of 16
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 1 of 3
State (Pennsylvania) 1 of 2
Country (United States) 1 of 11
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-01 Hi-Tech Solutions

Rishon Le-Zion, Israel

HTS’s proprietary Image Processing and Computer Vision Technologies provide both digital and video image records, for direct recognition, identification and recording of alphanumeric and graphic codes. HTS products include image-capturing systems, core recognition engines, rich applications and provide a highly user-friendly interface.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-12 T&M Protection Resources

New York City, New York, United States

T&M Protection Resources is a provider of seamlessly integrated security and intelligence services to leading businesses, financial organizations, investment management firms, corporations, academic institutions, and private clients. T&M Protection Resources was established in 1981 and is based in New York City.

Buy -