Investment Summary

HCAP Partners and Plexus Capital Invest In Web Products

On November 16, 2009, growth capital firm HCAP Partners and private equity firm Plexus Capital invested in machinery company Web Products

Investment Highlights
  • This is HCAP Partners’ 1st and Plexus Capital’s 1st transaction in the Machinery sector.
  • This is HCAP Partners’ 17th and Plexus Capital’s 25th transaction in the United States.
  • This is HCAP Partners’ 1st and Plexus Capital’s 1st transaction in Kansas.

Investment Summary

Date 2009-11-16
Target Web Products
Sector Machinery
Investor(s) HCAP Partners
Plexus Capital
Deal Type Acquisition Financing

Target

Web Products

Kansas City, Kansas, United States
Web Products, Inc. is a designer, manufacturer and distributor of a full line of furnace filters, air conditioning filters, air filters, allergy filters, and air filter accessories used to improve residential air quality and fragrance.

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Investor(S) 2

Investor

HCAP Partners

La Jolla, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2000
PE ASSETS 670M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Huntington Capital is a mezzanine finance firm that provides both debt and equity financing to established, lower middle-market companies throughout California and the Southwest US. The Firm targets growth companies with positive cash flow, diversified customers, defensible market positions, and experienced management. The Firm looks to invest $5 to $35 million in companies generating revenues of $10 to $100 million. Areas of interest include manufacturing, services, healthcare, software, homeland security, retail, and information technology. Prospective transaction situations include buyouts, acquisitions, recapitalizations, and growth capital financings. Huntington Capital was formed in 2000 and is based in San Diego, California.


DEAL STATS #
Overall 17 of 67
Sector: Machinery M&A 1 of 2
Type: Acquisition Financing M&A Deals 1 of 2
State: Kansas M&A 1 of 1
Country: United States M&A 17 of 66
Year: 2009 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-26 Roadrunner Pharmacy

Phoenix, Arizona, United States

Roadrunner Pharmacy, Inc. is a provider of technology-enabled healthcare services for companion and equine veterinary practitioners. Roadrunner Pharmacy, Inc. was established in 1999 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-02 Pet DRx

Brentwood, Tennessee, United States

Pet DRx Corp. is a provider of primary and specialty veterinary care services to companion animals through a network of veterinary hospitals.

Sell $41M
Investor

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 25 of 149
Sector: Machinery M&A 1 of 5
Type: Acquisition Financing M&A Deals 3 of 5
State: Kansas M&A 1 of 2
Country: United States M&A 25 of 149
Year: 2009 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-14 Quala

Tampa, Florida, United States

Quala is a provider of tank cleaning services to the bulk transportation industry. Quala operates strategically located tank wash facilities across the US. Quala was founded in 1986 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-08 Saf-T-Net

Raleigh, North Carolina, United States

Saf-T-Net, Inc. is a software as a service (SaaS) company providing rapid communication services for schools with its AlertNow services.

Sell $33M