M&A Deal Summary

Harbour Group Acquires Lofa Industries

On March 7, 2019, asset manager Harbour Group acquired electrical equipment company Lofa Industries from Kian Capital Partners, Hunters Gate Holdings and Georgia Commerce Bancshares

Acquisition Highlights
  • This is Harbour Group’s 6th transaction in the Electrical Equipment sector.
  • This is Harbour Group’s 34th transaction in the United States.
  • This is Harbour Group’s 3rd transaction in Georgia.
Investment Fate
  • Lofa Industries merged with another company in 2020.

M&A Deal Summary

Date 2019-03-07
Target Lofa Industries
Sector Electrical Equipment
Buyer(s) Harbour Group
Sellers(s) Kian Capital Partners
Hunters Gate Holdings
Georgia Commerce Bancshares
Deal Type Secondary Buyout

Target

Lofa Industries

Roswell, Georgia, United States
Lofa Industries designs manufacture and distribute control panels, wiring harnesses, sensors, and telemetry for engine-driven off-highway equipment, including pumps, air compressors, chippers, materials processors, drillers, and generators. Lofa Industries was founded in 1989 and is based in Roswell, Georgia.

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Buyer(S) 1

Buyer

Harbour Group

St. Louis, Missouri, United States

Investor Investor Investor


Category Asset Manager
Founded 1976
Size Large
Type Sector Agnostic
DESCRIPTION

Harbour Group is a private investment firm that seeks to invest in companies within the sectors of manufacturing and distribution. The firm pursues companies with EBITDA between $4 million and $50 million, and revenue between $50 million and $100 million. In addition, the firm looks for investments within North America and around the world with enterprise value between $30 million and $500 million. Harbour Group was formed in 1976 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 34 of 39
Sector: Electrical Equipment M&A 6 of 6
Type: Secondary Buyout M&A Deals 18 of 18
State: Georgia M&A 3 of 3
Country: United States M&A 34 of 39
Year: 2019 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-06 Cattron

Warren, Ohio, United States

Cattron is a manufacturer of wireless control solutions for safety and mission-critical applications. Cattron has designed, manufactured, and supplied controls that are well recognized and respected in both the rail and industrial markets. Cattron's product portfolio includes complementary machine and operator controls. Cattron was founded in 1946 and is based in Warren, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-26 Onicon

Clearwater, Florida, United States

Onicon, Inc. is a manufacturer of highly accurate flow meters and energy measurement systems (BTU meters), which are ideally suited for HVAC, municipal water and process applications. Onicon was founded in 1987 and is based in Largo, Florida.

Sell -

Seller(S) 3

SELLER

Kian Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Kian Capital Partners is a private equity firm focused on providing equity and junior capital to support growth, buyouts, shareholder liquidity needs, recapitalizations, divestitures, and refinancings of profitable lower middle-market companies with up to $150 million in revenue. Kian will consider opportunities throughout the US and seeks businesses operating in the business services, distribution, healthcare services, and niche manufacturing sectors. Kian Capital Partners was formed in 2011 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 1 of 11
Sector: Electrical Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 4
State: Georgia M&A 1 of 2
Country: United States M&A 1 of 11
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-10 Charles Products

Rockville, Maryland, United States

Charles Products is a provider of specialty designed custom merchandise to prominent tourist attractions including zoos, museums, aquariums, theme parks, notable locations, and other gift shops. Charles Products was founded in 1952 and is based in Rockville, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Eastwood

Pottstown, Pennsylvania, United States

Eastwood is an e-commerce provider of branded professional-grade automotive tools, equipment, and supplies to the Do-It-Yourself (“DIY”) automotive enthusiast community. Eastwood was founded in 1978 and is based in Pottstown, Pennsylvania.

Buy -
DESCRIPTION

Hunters Gate Holdings is a private holding company that looks to acquire and invest in lower middle-market companies in the industrial, energy, consumer, retail, and business services sectors. The Firm targets businesses located in the Southeastern US and Texas with EBIT of $1 to $10 million. As a private holding company, Hunters Gate looks to offer an alternative to strategic buyers and traditional private equity firms as it does not integrate companies into its operations or reduce headcount to generate synergies. Hunters Gate Holdings is headquartered in Atlanta, Georgia.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-31 Lofa Industries

Roswell, Georgia, United States

Lofa Industries designs manufacture and distribute control panels, wiring harnesses, sensors, and telemetry for engine-driven off-highway equipment, including pumps, air compressors, chippers, materials processors, drillers, and generators. Lofa Industries was founded in 1989 and is based in Roswell, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-31 Coffman Stair Parts

Plano, Texas, United States

Coffman Stair Parts is a provider in the residential stair parts industry within the United States. Coffman Stair Parts is a one-stop-shop for residential, interior, and open stairway construction. Coffman Stair Parts was founded in 1874 and is based in Plano. Texas.

Buy -
SELLER

Georgia Commerce Bancshares

Atlanta, Georgia, United States

Category Company
Founded 2003
Sector Financial Services
DESCRIPTION

Georgia Commerce Bancshares, Inc.offer a higher level of customer service for both personal and commercial banking clients.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-31 Lofa Industries

Roswell, Georgia, United States

Lofa Industries designs manufacture and distribute control panels, wiring harnesses, sensors, and telemetry for engine-driven off-highway equipment, including pumps, air compressors, chippers, materials processors, drillers, and generators. Lofa Industries was founded in 1989 and is based in Roswell, Georgia.

Buy -