M&A Deal Summary

Harvey & Company, Prairie Capital and KCM Capital Partners Acquire Royal Distributing

On November 1, 2022, merchant bank Harvey & Company, private equity firm Prairie Capital and private equity firm KCM Capital Partners acquired retailer Royal Distributing

Acquisition Highlights
  • This is Harvey & Company’s 6th, Prairie Capital’s 2nd and KCM Capital Partners’ 1st transaction in the Retail sector.
  • This is Harvey & Company’s 4th, Prairie Capital’s 1st and KCM Capital Partners’ 1st transaction in Canada.
  • This is Harvey & Company’s 4th, Prairie Capital’s 1st and KCM Capital Partners’ 1st transaction in Ontario.

M&A Deal Summary
Date 2022-11-01
Target Royal Distributing
Sector Retail
Buyer(s) Harvey & Company
Prairie Capital
KCM Capital Partners
Deal Type Recapitalization

Target

Royal Distributing

Guelph, Ontario, Canada
Royal Distributing is a omnichannel specialty retailer serving the enthusiast powersports market for snowmobile, ATV, UTV, dirt bike, motorcycle, and watersports aftermarket products. Royal Distributing was founded in 1990 and is based in Guelph, Ontario.

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Buyer(S) 3

Buyer

Harvey & Company

Investor Investor Investor Investor Investor

Category Merchant Bank
Founded 1998
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Harvey & Company is a principal investment and advisory group. The Firm works with companies and private equity firms on acquisition searches as well as makes investments of its own. Harvey & Company was established in 1998 and is headquartered in Newport Beach, California.

DEAL STATS #
Overall 65 of 72
Sector (Retail) 6 of 6
Type (Recapitalization) 20 of 24
State (Ontario) 4 of 4
Country (Canada) 4 of 4
Year (2022) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-20 Zipline Logistics

Columbus, Ohio, United States

Zipline Logistics is a tech-enabled, asset-light, third-party logistics (3PL) provider specializing in the food and beverage, consumer packaged goods and healthcare end markets. Zipline Logistics was founded in 2007 and is based in Columbus, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 Reliant Health Partners

Collierville, Tennessee, United States

Reliant Health Partners is a provider of pre-payment claims repricing solutions to Group Health Plans (usually out-of-network) and Worker’s Compensation Groups. Reliant Health Partners was founded in 2010 and is based in Collierville, Tennessee.

Buy -
Buyer

Prairie Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 525M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prairie Capital is a private investment firm that provides equity and/or mezzanine capital to support buyouts and recapitalization of lower middle-market companies generating sales of $20 - $100 million with an EBITDA of $4 - $12 million. Areas of interest include niche manufacturers, business services, consumer products, marketing services, specialty chemical, and food businesses. The firm invests in the range of $25 - $45 million per transaction. Prairie Capital was formed in 1997 and is based in Chicago, Illinois.

DEAL STATS #
Overall 74 of 78
Sector (Retail) 2 of 2
Type (Recapitalization) 23 of 25
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-18 Fairway Lawns

Little Rock, Arizona, United States

Fairway Lawns is a provider of residential lawn treatment and pest control services. The Company currently serves over 40,000 customers from 12 lawn treatment locations and 2 pest control locations across six states (AL, AR, GA, OK, SC, TN). Fairway Lawns was formed in 1979 and is based in Little Rock, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-15 Architectural Lighting Works

Oakland, California, United States

Architectural Lighting Works is a designer and assembler of architectural LED lighting fixtures and participates in the large, fragmented, and rapidly growing LED lighting industry. Architectural Lighting Works was established in 2006 and is headquartered in Oakland, California.

Sell -
Buyer

KCM Capital Partners

Investor Investor Investor

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Agnostic
DESCRIPTION

KCM Capital Partners LLC is a private equity firm focused on investing in lower middle-market business services, value-added distribution, and specialty industrial companies throughout the US. KCM has a preference for 'fundamentals well-positioned' companies undergoing transition or experiencing change. The Firm looks to commit $10 to $50 million per platform investment and will consider transactions valued up to $150 million. KCM Capital Partners LLC was formed in 2017 and is headquartered in Chicago.

DEAL STATS #
Overall 8 of 8
Sector (Retail) 1 of 1
Type (Recapitalization) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Industrial Valve

Eight Mile, Alabama, United States

Industrial Valve is a provider of specialty valve repair services and distributor of new and refurbished valves to an impressive base of blue-chip customers. IVS focuses on providing mission-critical inspection, maintenance and repair services for safety, manual and control valves within the Power, Paper, Chemical and Oil & Gas end markets. Industrial Valve was founded in 1975 and is based in Eight Mile, Alabama.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-07 ISG

Indianapolis, Indiana, United States

ISG provides services and parts to critical-to-process industrial rotating equipment for a diversified blue chip customer base comprised mainly of large industrial, power, paper, and energy companies. ISG was founded in 2018 and is based in Indianapolis, Indiana.

Sell -
Mergr

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