M&A Deal Summary

HCI Equity Partners Acquires Consolidated Hospitality Supplies

On December 21, 2017, private equity firm HCI Equity Partners acquired apparel/textiles company Consolidated Hospitality Supplies from Monomoy Capital Partners

Acquisition Highlights
  • This is HCI Equity Partners’ 1st transaction in the Apparel/Textiles sector.
  • This is HCI Equity Partners’ 30th transaction in the United States.
  • This is HCI Equity Partners’ 3rd transaction in Illinois.

M&A Deal Summary
Date 2017-12-21
Target Consolidated Hospitality Supplies
Sector Apparel/Textiles
Buyer(s) HCI Equity Partners
Sellers(s) Monomoy Capital Partners
Deal Type Recapitalization
Advisor(s) William & Henry Associates (Financial)

Target

Consolidated Hospitality Supplies

Vernon Hills, Illinois, United States
Consolidated Hospitality Supplies is a multi-brand, shared-services hotel distribution company and a leading provider of OS&E. The Company has a diverse product portfolio, offering over 3,600 different SKUs within categories that include bed and bath linens, guest care amenities, housekeeping supplies, in-room accessories, electronics and appliances, and foodservice supplies. CHS offers unified distribution through two brands, American Hotel Register and Amtex.

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Buyer(S) 1

Buyer

HCI Equity Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

HCI Equity Partners is a private equity group that targets lower middle-market industrial product and service companies throughout North America. HCI is a 'hands on' investor, looking to assist portfolio companies with growth strategies and improving profitability. The Firm seeks opportunities with $20 to $200 million in revenues and strong management in place. Specific areas of interest include aerospace/defense, automotive and commercial vehicle suppliers, industrial distribution, infrastructure, power generation, test/measurement equipment, and transportation. HCI Equity Partners (fka Thayer | Hidden Creek Partners) is based in Washington DC.

DEAL STATS #
Overall 32 of 46
Sector (Apparel/Textiles) 1 of 1
Type (Recapitalization) 3 of 6
State (Illinois) 3 of 3
Country (United States) 30 of 44
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 TSM

Auburn Hills, Michigan, United States

TSM is a precision machining company serving the automotive industry with over 70 SKU's across 40 diverse and attractive vehicle platforms. TSM is a distinguished supplier of powertrain, chassis, and suspension components. TSM was founded in 1978 and is based in Auburn Hills, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 Regent Cabinetry

Lakewood, New Jersey, United States

Regent Cabinetry is a provider of custom cabinets, countertops, and related hardware to the multi-family construction industry. Regent Cabinetry is based in Lakewood, New Jersey.

Buy -

Seller(S) 1

SELLER

Monomoy Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Monomoy Capital Partners is a private equity firm that invests in mid to large-sized companies valued up to $1 billion. Monomoy prefers cash flow positive companies with $20 to $100 million of EBITDA. Sectors of interest include automotive, industrial, distribution, consumer products, packaging, and transportation. Monomoy Capital Partners was formed in 2005 and is headquartered in New York City.

DEAL STATS #
Overall 16 of 20
Sector (Apparel/Textiles) 1 of 1
Type (Recapitalization) 2 of 2
State (Illinois) 4 of 4
Country (United States) 16 of 20
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-15 Motorsport Aftermarket Group

Coppell, Texas, United States

Motorsport Aftermarket Group (MAG) is a large distributor and manufacturer of branded aftermarket products for the powersports industry in North America. MAG provides dealers, e-commerce sites and their enthusiast end-users with parts, accessories and apparel for motorcycles, ATVs and UTVs. The Company’s brands include Vance & Hines, Kuryakyn, Performance Machine, QuadBoss, DragonFire and ProTaper. Motorsport Aftermarket Group was formed in 2000 and is based in Coppell, Texas.

Buy $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-10 Edsal Manufacturing

Chicago, Illinois, United States

Edsal Manufacturing Co. manufactures, sources and distributes branded and private label storage products for garages, tool sheds, and basements. The company manufactures steel cabinets and lockers for homes and small businesses; industrial racking products and free-standing tool boxes; and a variety of related products for garage and basement organization. Edsal Manufacturing Co. was based in Chicago, Illinois.

Buy -
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