M&A Deal Summary

Hanover Partners and Centerfield Capital Partners Acquire Ska Fabricating

On January 5, 2021, private equity firm Hanover Partners and mezzanine finance firm Centerfield Capital Partners acquired machinery company Ska Fabricating

Acquisition Highlights
  • This is Hanover Partners’ 7th and Centerfield Capital Partners’ 2nd transaction in the Machinery sector.
  • This is Hanover Partners’ 18th and Centerfield Capital Partners’ 69th transaction in the United States.
  • This is Hanover Partners’ 2nd and Centerfield Capital Partners’ 3rd transaction in Colorado.

M&A Deal Summary

Date 2021-01-05
Target Ska Fabricating
Sector Machinery
Buyer(s) Hanover Partners
Centerfield Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Ska Fabricating

Durango, Colorado, United States
Ska Fabricating is a provider of mission-critical packaging machinery equipment. Ska Fab has provided over 1,000 businesses with depalletizers and other specialized packaging line equipment in all 50 states, 7 provinces, and 23 countries. Ska Fabricating is based in Durango, Colorado.

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Buyer(S) 2

Buyer

Hanover Partners

San Francisco, California, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
Size Small
Type Sector Agnostic
DESCRIPTION

Hanover Partners is a private investment firm that targets middle-market companies with enterprise value between $10 and $60 million and EBIT of at least $2 million. Hanover prefers manufacturing or service based businesses located in the United States that serve business customers. Avoided industries include retail, construction, consulting, job-shops, and distributors not adding specific value. Hanover Partners was formed in 1994 and is based in San Francisco, California with an additional office in Oswego, Oregon.


DEAL STATS #
Overall 18 of 19
Sector (Machinery) 7 of 7
Type (Buyout (LBO, MBO, MBI)) 14 of 15
State (Colorado) 2 of 2
Country (United States) 18 of 19
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-31 Westside Equipment

Madera, California, United States

Westside Equipment is a manufacturer of tomato and pistachio harvesting equipment and related parts. Westside Equipment started manufacturing machinery for the tomato harvesting industry in 2001 and has grown from a small operation with four employees to a global leader in the commercial tomato harvester equipment industry. Westside Equipment was founded in 1986 and is based in Madera, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 Consolidated Equipment Group

Alexandria, Minnesota, United States

Consolidated Equipment Group is a designer, manufacturer, and marketer of attachments for skid-steers, mini skid steers, compact tractors, and several other light-construction power equipment. Consolidated Equipment Group was founded in 1948 and is based in Alexandria, Minnessota.

Sell -
Buyer

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 69 of 78
Sector (Machinery) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 31 of 32
State (Colorado) 3 of 3
Country (United States) 69 of 78
Year (2021) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 CCS

Portland, Oregon, United States

CCS is a hybrid brand and e-commerce retailer of skateboards, streetwear, and related products. CCS sells its own branded hard and soft goods in addition to being an e-commerce destination for other leading skate and streetwear brands. CCS was founded in 1985 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 BCD International

Buffalo Grove, Illinois, United States

BCD International provides mission-critical and purpose-built video surveillance data storage appliances to security integrators, private label/OEMs, and distributors. BCD International is based in Buffalo Grove, Illinois.

Buy -