Investment Summary

Guardian Capital Partners and Michigan Capital Advisors Invest In Havis

On December 7, 2020, private equity firms Guardian Capital Partners and Michigan Capital Advisors invested in automotive company Havis

Investment Highlights
  • This is Guardian Capital Partners’ 1st and Michigan Capital Advisors’ 2nd transaction in the Automotive sector.
  • This is Guardian Capital Partners’ 17th and Michigan Capital Advisors’ 5th transaction in the United States.
  • This is Guardian Capital Partners’ 4th and Michigan Capital Advisors’ 1st transaction in Pennsylvania.

Investment Summary
Date 2020-12-07
Target Havis
Sector Automotive
Investor(s) Guardian Capital Partners
Michigan Capital Advisors
Deal Type Growth Capital
Advisor(s) BlackArch (Financial)
Cozen O'Connor (Legal)

Target

Havis

Warminster, Pennsylvania, United States
Havis is a designer and manufacturer of ruggedized mobile workforce solutions for public safety and enterprise markets. For more than 80 years, the Havis mission has been to increase mobile worker productivity with industry-leading products built to the highest safety and quality standards and designed with comfort in mind. Havis partners closely across its ecosystem of the vehicle and computer OEMs, channel partners, and end-users to deliver a portfolio that spans computing, mounting, transportation, and emerging product categories. The Company takes a customer-centric approach to its business and is dedicated to consistently researching and developing innovative, value-added products and solutions for mobile and related applications worldwide. Havis was formed in 1928 and is headquartered in Warminster, Pennsylvania.

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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 17 of 21
Sector (Automotive) 1 of 1
Type (Growth Capital) 7 of 7
State (Pennsylvania) 4 of 5
Country (United States) 17 of 21
Year (2020) 3 of 3
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-09 NewAir

Cypress, California, United States

NewAir is a branded consumer products company developing smart design small and medium-size appliances. The Company sells primarily through eCommerce channels to a diversified customer base of leading online retailers. NewAir is based in Cypress, California.

Buy -
Investor

Michigan Capital Advisors

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Small
Type Sector Agnostic
DESCRIPTION

Michigan Capital Advisors is a private investment firm focused on the automotive and transportation sectors. The Firm's primary interest is in suppliers to the automotive industry as well as companies serving the broader sector and looking to penetrate the transportation sector further. Prospective companies are generally profitable with $10 to $200 million in annual revenue. Target transaction situations include recapitalizations, management buyouts, family transitions, corporate carve-outs and divestitures. Michigan Capital Advisors was formed in 2016 and is based in Bloomfield Hills, Michigan.

DEAL STATS #
Overall 5 of 5
Sector (Automotive) 2 of 2
Type (Growth Capital) 4 of 4
State (Pennsylvania) 1 of 1
Country (United States) 5 of 5
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-05 Verge.io

Clarkston, Michigan, United States

Verge.io is a provider of a novel software solution that represents a transformative improvement in the complexity, cost, security, performance, and carbon footprint of today's IT infrastructure. Verge.io is based in Clarkston, Michigan.

Buy -
Mergr

Product

Company

Legal