M&A Deal Summary

Gridiron Capital Acquires Vertical Supply Group

On April 12, 2022, private equity firm Gridiron Capital acquired consumer products company Vertical Supply Group from Platte River Equity

Acquisition Highlights
  • This is Gridiron Capital’s 8th transaction in the Consumer Products sector.
  • This is Gridiron Capital’s 35th transaction in the United States.
  • This is Gridiron Capital’s 4th transaction in North Carolina.

M&A Deal Summary
Date 2022-04-12
Target Vertical Supply Group
Sector Consumer Products
Buyer(s) Gridiron Capital
Sellers(s) Platte River Equity
Deal Type Secondary Buyout
Advisor(s) BlackArch
Canaccord Genuity Corp. (Financial)
Bartlit Beck Herman Palenchar & Scott (Legal)

Target

Vertical Supply Group

Greensboro, North Carolina, United States
Vertical Supply Group is a manufacturer, distributor, and direct e-commerce retailer of arborist tools, rescue and fall protection equipment. Vertical Supply Group was founded in1960 and is based in Greensboro, North Carolina.

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Buyer(S) 1

Buyer

Gridiron Capital

New Canaan, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 764M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gridiron Capital is a private equity firm focused on acquiring mid-sized North American manufacturing, service and specialty consumer companies. Gridiron looks to commit companies with EBITDA up to $60 million. The Firm prefers controlling interests when considering transactions. Situations of interest include companies operating in sectors undergoing change, closely held companies owned by founding family or management for ownership transition, and corporate divestitures of orphaned or non-strategic business units. Gridiron Capital was formed in 2004 and is based in New Canaan, Connecticut.

DEAL STATS #
Overall 35 of 39
Sector (Consumer Products) 8 of 8
Type (Secondary Buyout) 12 of 14
State (North Carolina) 4 of 4
Country (United States) 35 of 39
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 Legility

350 Brentwood, Tennessee, United States

Legility is a provider of technology-enabled legal services. The Company offers consulting, technology, managed solutions, and flexible legal talent to corporations and law firms.Legility helps its clients improve operational efficiency. By combining people, processes, and technology, Legility offers innovative and bundled solutions that align with how the legal market is increasingly looking to engage.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-08 Vistage

San Diego, California, United States

Vistage is a forum for business leaders to share their issues and experiences to help each other generate better decisions and results for their companies. Vistage members provide each other the same kind of counsel and support by meeting in person, collaborating online, and learning from hundreds of top industry speakers. Vistage was founded in 1957 and is based in San Diego, California.

Buy -

Seller(S) 1

SELLER

Platte River Equity

Denver, Colorado, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 1.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Platte River Equity is a private equity firm focused on investing in small and middle-market private companies based in the US. Platte River generally invests $25 to $100 million of equity capital per transaction and looks for businesses that can benefit from the Firm's operating expertise. Sectors of interest include aerospace manufacturing and services, metals, chemicals, energy and energy services, natural resources, financial services, and communications. Platte River typically targets control investment situations, but will opportunistically pursue minority investments. Platte River Equity was formed in 2006 and is based in Denver, Colorado.

DEAL STATS #
Overall 17 of 18
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 6 of 7
State (North Carolina) 1 of 1
Country (United States) 16 of 17
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Turf Care Supply

Brunswick, Ohio, United States

Turf Care Supply is a manufacturer of professional grade lawn care products including fertilizers, controlled release fertilizers, control products, combination products and soil amendments. Turf Care Supply was founded in 1974 and is based in Brunswick, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-23 Belt Power

Marietta, Georgia, United States

Belt Power is a distributor and fabricator of conveyor belts, belting accessories, conveyer components as well as a full line of rubber, hose and gasket products. The company's primary customers are in the food processing markets. Belt Power was founded in 1989 and is based in Marietta, Georgia.

Buy -
Mergr

Product

Company

Legal