M&A Deal Summary |
|
|---|---|
| Date | 2022-03-15 |
| Target | GTA Containers |
| Sector | Manufacturing |
| Buyer(s) |
Hemingway Capital
Parkway Capital Farragut Capital Partners |
| Deal Type | Recapitalization |
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Hemingway Capital is a private equity firm focused on investing lower middle-market manufacturing and industrial technology/services companies. The Firm targets US-based profitable businesses ($3 to $10 million of EBITDA) operating in defensible markets. Prospective transaction situations include buyouts, divestitures, family successions, recapitalizations, and turnarounds. Hemingway Capital was established in 2018 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 3 |
| Sector (Manufacturing) | 1 of 2 |
| Type (Recapitalization) | 1 of 1 |
| State (Indiana) | 1 of 1 |
| Country (United States) | 2 of 3 |
| Year (2022) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-25 |
Vege Labs
Glendale, California, United States Vege Labs is a private label contract manufacturing partner and formulator of high-quality cosmetic, cosmeceutical, health & beauty, and household products. The Company provides a wide range of products such as shampoos, conditioners, hairsprays, serums, permanent waves and relaxers, skincare creams and lotions, alcohol-based products such as hand sanitizers, colognes, and fragrances, OTC products, plus spa and esthetics products. Vege Labs was founded in 1950 and is based in Glendale, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-27 |
Chibuzo
Fort Smith, Arkansas, United States Chibuzo is a flexible manufacturer of custom, high-mix pallets, crates, grade stakes, mulch, shavings, and sawdust. Consisting of two operating entities, General Pallets & Crates and Southland Manufacturing, Chibuzo specializes in new wood pallets and crating, providing high quality products and value-added services. Chibuzo is based in Fort Smith, Arkansas. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 400M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Parkway Capital is the mezzanine finance unit of Calvert Street Partners. Parkway's investments typically take the form of subordinated debt, which can be combined with a junior secured loan or preferred stock. If an opportunity calls for common equity, Parkway can also co-invest with other shareholders. Parkway looks to commit $3 to $12 million of capital per transaction in companies with at least $10 million in revenue and EBITDA in excess of $2 million. Funds are generally used to support business expansions, corporate acquisitions, leverage buyouts, recapitalization, ownership transfers, and 'wealth diversification'. Parkway Capital was formed in 2000 and became a unit of Calvert Street in 2019.
| DEAL STATS | # |
|---|---|
| Overall | 19 of 26 |
| Sector (Manufacturing) | 3 of 5 |
| Type (Recapitalization) | 5 of 7 |
| State (Indiana) | 2 of 2 |
| Country (United States) | 18 of 25 |
| Year (2022) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-02-16 |
Imagine Technology Group
Chandler, Arizona, United States Imagine Technology Group provides document management solutions, workflow improvements, Multi-function devices, VoIP phone systems, digital signage, managed network services, and IT Solutions. Imagine Technology Group was founded in 2011 and is based in Chandler, Arizona. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-02-28 |
Palmetto Adhesives
Greenville, South Carolina, United States Palmetto Adhesives is a manufacturer and distributor of hot melt and water-based adhesives. Palmetto’s adhesives are primarily used in the packaging, paper converting, product assembly and general purpose industries. Palmetto Adhesives was founded in 1995 and is based in Greenville, South Carolina. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2011 |
| PE ASSETS | 1.7B USD |
| Size | Large |
| Type | Sector Agnostic |
Farragut Capital Partners LLC is a private investment firm that provides mezzanine and equity capital to help finance buyouts, generational transfers, growth capital financings, and recapitalizations. The Firm prefers asset-light businesses with unique and defensible market positions, stable business models, and reasonable capital expenditure and working capital needs. Sectors of interest include light and niche manufacturing, business services, distribution & logistics, and media. Farragut's target investment size is $2 to $10 million. Farragut Capital Partners was formed in 2011 and is based in Washington, District of Columbia.
| DEAL STATS | # |
|---|---|
| Overall | 85 of 97 |
| Sector (Manufacturing) | 6 of 9 |
| Type (Recapitalization) | 15 of 16 |
| State (Indiana) | 1 of 1 |
| Country (United States) | 85 of 97 |
| Year (2022) | 4 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-07 |
Catalina Finer Foods
Tampa, Florida, United States Catalina Finer Foods is a manufacturer of authentic Cuban and Caribbean cuisine including varieties of croquettes, stuffed potato balls, tamales, stuffed cassava, and other ancillary products. Catalina Finer Foods was founded in 1974 and is based in Tampa, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-10-17 |
Parry Labs
Alexandria, Virginia, United States Parry Labs designs and deploys advanced systems solutions ranging from mission computing and power systems to RF solutions to defense and commercial markets. Parry Labs is the creator of Stellar Relay hardware and software family of systems, which provides the digital backbone and connectivity for the Multi-Domain Operations environment to exist on any Air, Ground, or Sea platform. Parry Labs was founded in 2016 and is based in Alexandria, Virginia. |
Buy | - |
