Investment Summary

Heartwood Partners Invests In MicroCare

On May 28, 2020, private equity firm Heartwood Partners invested in chemicals company MicroCare

Investment Highlights
  • This is Heartwood Partners’ 3rd transaction in the Chemicals sector.
  • This is Heartwood Partners’ 23rd transaction in the United States.
  • This is Heartwood Partners’ 2nd transaction in Connecticut.

Investment Summary
Date 2020-05-28
Target MicroCare
Sector Chemicals
Investor(s) Heartwood Partners
Deal Type Growth Capital

Target

MicroCare

New Britain, Connecticut, United States
MicroCare Developes and manufactures cleaning fluids and relating packaging and dispensing solutions for the electronics, fiber optics, medical and precision cleaning markets. MicroCare was founded in 1983 and is based in New Britain, Connecticut.

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Investor(S) 1

Investor

Heartwood Partners

Norwalk, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Heartwood Partners is a private equity firm focused on partnerships with middle-market companies across the US. The Firm prefers to invest in family owned and managed companies where it can leverage strategic resources for long-term growth. Target companies are typically profitable with $5 to $30 million of EBITDA with up to $400 million in revenue. Sectors of interest include agriculture, automotive, consumer products, distribution, food, industrial services, niche manufacturing, packaging, and chemicals. Heartwood Partners was formed in 1982 and is headquartered in Norwalk, Connecticut.

DEAL STATS #
Overall 23 of 29
Sector (Chemicals) 3 of 3
Type (Growth Capital) 7 of 11
State (Connecticut) 2 of 2
Country (United States) 23 of 29
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-22 Allentown

Allentown, New Jersey, United States

Allentown is a provider of critical solutions to the biomedical research community. Allentown's high-quality equipment and advanced vivarium systems continue to define and exceed industry standards. Allentown was founded in 1968 and is based in Allentown, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Aftermarket Performance Group

Salt Lake City, Utah, United States

Aftermarket Performance Group distributes aftermarket performance parts and accessories for diesel pickup trucks and distributes and retails direct-to-consumer online aftermarket parts for Jeep/Off-road vehicles, and Subaru/Compact-Performance vehicles and gas pickup trucks. Aftermarket Performance Group is based in Salt Lake City, Utah.

Sell -
Mergr

Product

Company

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