M&A Deal Summary

Groupe Lacasse Acquires Via seating

On December 10, 2018, Groupe Lacasse acquired furniture company Via seating from Blue Sage Capital, Prism Capital and Excelsior Capital Partners

Acquisition Highlights
  • This is Groupe Lacasse’s 1st transaction in the Furniture sector.
  • This is Groupe Lacasse’s 1st transaction in the United States.
  • This is Groupe Lacasse’s 1st transaction in Nevada.

M&A Deal Summary
Date 2018-12-10
Target Via seating
Sector Furniture
Buyer(s) Groupe Lacasse
Sellers(s) Blue Sage Capital
Prism Capital
Excelsior Capital Partners
Deal Type Add-on Acquisition

Target

Via seating

Sparks, Nevada, United States
Via seating is a manufacturer of chairs in the categories of executive, conference, task, multipurpose, lounge, and motion. Via seating was founded in 1987 and is based in Sparks, Nevada.

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Buyer(S) 1

Buyer

Groupe Lacasse

Saint-Pie, Quebec, Canada
Category Company
Founded 1956
Sector Furniture
DESCRIPTION

Groupe Lacasse is a manufacturer and specialized in office furniture. Groupe Lacasse was founded in 1956 and is based in Saint-Pie, Quebec.

DEAL STATS #
Overall 1 of 1
Sector (Furniture) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Nevada) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 3

SELLER

Blue Sage Capital

Austin, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Blue Sage Capital is a private investment firm that invests in lower middle-market companies that have the potential to become market leaders. Target businesses typically generate sales of $20 to $125 million and are valued up to $125 million. Blue Sage is a generalist firm with broad industry interest. Target sectors include industrial, distribution, service, healthcare, manufacturing, energy and media. Blue Sage geographically prefers companies located in Texas and the Southwest US. Blue Sage will not invest in banks, life insurance companies, oil and gas exploration and development projects, real estate development or companies located outside of the United States. Blue Sage was formed in 2003 and is based in Austin, Texas.

DEAL STATS #
Overall 15 of 22
Sector (Furniture) 1 of 1
Type (Add-on Acquisition) 9 of 13
State (Nevada) 1 of 1
Country (United States) 14 of 21
Year (2018) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 Primus Sterilizer

Omaha, Nebraska, United States

Primus Sterilizer Co. is a manufacturer of handmade stainless steel steam sterilizers. Primus Sterilizer was founded in 1984 and is based in Omaha, Nebraska.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-20 All-State Industries

West Des Moines, Iowa, United States

All-State Industries is a designer and manufacturer of solution-oriented products that are used for sealing, acoustics, thermal management, motion control, instrumental panel and impact absorption applications. All-State Industries was founded in 1974 and is based in Des Moines, Iowa.

Buy -
SELLER

Prism Capital

Chicago, Illinois, United States

Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 190M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Prism Capital is a licensed SBIC investment firm focused on providing equity and mezzanine capital to lower middle market companies. Prism's Mezzanine practice looks to provide up to $7 million in financing for Midwest based mature industrial companies. Mezzanine capital is typically invested to support internal growth, recapitalizations, mergers, acquisitions and ownership changes. Prism also provides equity of $2 to $15 million through an Opportunity Fund. The Opportunity Fund invests in expansion stage IT companies as well as traditional manufacturing and service businesses with growth opportunities. Prism Capital was formed in 1999 and is based in Chicago, Illinois.

DEAL STATS #
Overall 29 of 30
Sector (Furniture) 1 of 1
Type (Add-on Acquisition) 18 of 18
State (Nevada) 1 of 1
Country (United States) 29 of 30
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 TCI

Milwaukee, Wisconsin, United States

TCI LLC designs and manufactures products that monitor and improve power quality and extend motor life by reducing harmonic distortion associated with variable frequency drives (VFDs) and other power conversion equipment. With approximately 165 employees, TCI’s manufacturing capabilities include magnetic and electronic product assembly expertise to support a broad suite of power quality solutions that are used in oil and gas, HVAC, water and wastewater, and general industrial end markets primarily in the U.S. Founded in 1961 and headquartered in Germantown, Wisconsin.

Sell $64M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-09 Banner Industries

Carol Stream, Illinois, United States

Banner Industries is a processor and distributor of metal bar products for a diverse set of industrial and medical end markets. Banner provides supply chain solutions and a variety of value-added metal processing services, including centerless grinding, chamfering, turning, precision saw cutting, straightening, material ID and full traceability, waterjet cutting, ultrasonic testing, and CNC machining to its OEM, contract manufacturer, and precision machining customers. Banner Industries was founded in 1985 and is based in Carol Stream, Illinois.

Sell -
SELLER

Excelsior Capital Partners

Category Distressed Investor
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

Excelsior Capital Partners is a distressed investment firm focused on operating companies and commercial real estate. Excelsior Capital will consider acquiring distressed debt, equity, as well as specialty lending. The Firm generally seeks companies and assets with solid underlying fundamentals that are facing a cyclical downturn or that are over leveraged. When acquiring debt, Excelsior Capital will consider investing $1 to $250 million and when acquiring companies, the Firm's transaction range is $3 to $100 million. Excelsior Capital Partners was established in 2011 and has offices in Newport Beach, California and Denver, Colorado.

DEAL STATS #
Overall 1 of 1
Sector (Furniture) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Nevada) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-06 Artissimo Designs

Los Angeles, California, United States

Artissimo Designs is a designer and manufacturer of ready‐to‐hang wall art, including framed and unframed art on printed/embellished canvas, laminated wood plaques and wall decals. Artissimo Designs was founded in 2010 and is based in Los Angeles, California.

Buy -
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