M&A Deal Summary

Harrington Hoists Acquires Peerless Industrial Group

On August 20, 2014, Harrington Hoists acquired manufacturer Peerless Industrial Group from WestView Capital Partners

Acquisition Highlights
  • This is Harrington Hoists’ 1st transaction in the Manufacturing sector.
  • This is Harrington Hoists’ 1st transaction in the United States.
  • This is Harrington Hoists’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2014-08-20
Target Peerless Industrial Group
Sector Manufacturing
Buyer(s) Harrington Hoists
Sellers(s) WestView Capital Partners
Deal Type Add-on Acquisition

Target

Peerless Industrial Group

Winona, Minnesota, United States
Peerless Industrial Group is a manufacturer of industrial and hardware chain and traction products. Peerless’ chain is used in an extremely broad range of home, farm, recreational and industrial applications.

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Buyer(S) 1

Buyer

Harrington Hoists

Manheim, Pennsylvania, United States
Category Company
Founded 1854
Sector Machinery
DESCRIPTION

Harrington Hoists, Inc. is a manufacturer of lifting solutions for industrial applications.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1

Seller(S) 1

SELLER

WestView Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

WestView Capital Partners is a private equity firm focused on investing in lower middle-market companies. WestView looks to commit between $20 and $100 million in a variety of recapitalization, growth financing, buyout and consolidation transactions. Prospective companies generally exhibit consistent growth and financial performance as well as sustainable competitive advantages and market position. Sectors of interest include business services, industrial and manufacturing, distribution and logistics, consumer products and retail, healthcare services, environmental services, and media/publishing. The Firm's geographic preference is North America. WestView Capital Partners was formed in 2004 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 10 of 34
Sector (Manufacturing) 2 of 3
Type (Add-on Acquisition) 5 of 15
State (Minnesota) 1 of 4
Country (United States) 10 of 34
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-05 CloudWave

Marlborough, Massachusetts, United States

CloudWave is a full-service cloud services provider, technical consultancy, and technology solutions integrator for MEDITECH. CloudWave’s cloud services offerings include OpSus|Live, fully-managed MEDITECH hosting services, and OpSus|Recover, disaster recovery services for MEDITECH and enterprise applications. CloudWave was founded in 1991 and is based in Chagrin Falls, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-30 The Paper Store

Acton, Massachusetts, United States

The Paper Store owns and operates a chain of specialty gift stores in New England. It offers gifts and more for every gift giving occasion, including greeting cards, jewelry, fashion apparel and accessories, children’s products, sports apparel, stationery and books among many other product categories. The Paper Store is based in Acton, Massachusetts.

Buy -
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