Investment Summary

Guardian Capital Partners and Centerfield Capital Partners Invest In Flat River Group

On January 9, 2020, private equity firm Guardian Capital Partners and mezzanine finance firm Centerfield Capital Partners invested in distribution company Flat River Group

Investment Highlights
  • This is Guardian Capital Partners’ 1st and Centerfield Capital Partners’ 7th transaction in the Distribution sector.
  • This is Guardian Capital Partners’ 15th and Centerfield Capital Partners’ 63rd transaction in the United States.
  • This is Guardian Capital Partners’ 1st and Centerfield Capital Partners’ 6th transaction in Michigan.

Investment Summary
Date 2020-01-09
Target Flat River Group
Sector Distribution
Investor(s) Guardian Capital Partners
Centerfield Capital Partners
Deal Type Growth Capital
Advisor(s) GulfStar Group (Financial)
Jones Day (Legal)

Target

Flat River Group

Belding, Michigan, United States
Flat River Group is a value-added distributor of niche and mainstream consumer products as well as a full-service provider of warehousing and fulfillment services to a variety of eCommerce retailers throughout the United States and Canada. Flat River Group's capabilities include delivering orders to its eCommerce retailer customers' warehouses and also dropshipping products direct to the end consumer. Flat River Group was founded in 2011 and is based in Belding, Michigan.

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Investor(S) 2

Investor

Guardian Capital Partners

Wayne, Pennsylvania, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Guardian Capital Partners is a smaller private equity firm focused on control investments in family-owned companies and corporate divestitures. Guardian looks for profitable businesses with a 'history of stability' and a 'strong instaleed customer base'. Prospective opportunities are located in the US and typically generate sales of $20 to $150 million. Target sectors include industrial, manufacturing, business services, consumer products, and healthcare/medical devices. Guardian Capital Partners was formed in 2007 and is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 15 of 22
Sector (Distribution) 1 of 2
Type (Growth Capital) 5 of 8
State (Michigan) 1 of 1
Country (United States) 15 of 22
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-14 CrewBoss

Eugene, Oregon, United States

CrewBoss is a designer and manufacturer of premier personal protective equipment including wildland firefighting clothing and station wear for the toughest men and women in the fire service. CrewBoss was founded in 1987 and is based in Eugene, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Upper Echelon Products

Austin, Texas, United States

Upper Echelon Products is a manufacturer and distributor of Repel and Rain-Mate umbrellas, Everlasting Comfort seat cushions, back cushions, donut cushions, and pillow protectors, Le Chateau wine decanters, Café Du Chateau French presses, LumiLux toilet bowl lights, and Flux Phenom magnetic screen doors. Upper Echelon Products was founded in 2015 and is based in Austin, Texas.

Buy -
Investor

Centerfield Capital Partners

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 63 of 78
Sector (Distribution) 7 of 8
Type (Growth Capital) 6 of 12
State (Michigan) 6 of 6
Country (United States) 63 of 78
Year (2020) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 EMPI

Anaheim, California, United States

EMPI is a manufacturer and distributor of branded automotive aftermarket parts for vintage Volkswagen vehicles, modern Volkswagen vehicles, and other vehicle brands. EMPI is based in Anaheim, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-27 MWE

Columbus, Ohio, United States

MWE Sales is a nationwide resource for compact equipment parts and accessories and outdoor power equipment. MWE leverages multiple brands and solutions for its broad customer base, including TNT tracks and tires, ClimateRight and Westinghouse portable generators. MWE sets the gold standard through innovation and unparalleled attention to customer service, product quality and price. MWE was founded in 2009 and is based in Columbus, Ohio.

Buy -
Mergr

Product

Company

Legal