M&A Deal Summary |
|
|---|---|
| Date | 2018-10-29 |
| Target | City Gear |
| Sector | Retail |
| Buyer(s) | Hibbett |
| Sellers(s) |
Banyan Investment Partners
Capitala Group |
| Deal Type | Add-on Acquisition |
| Deal Value | 88M USD |
| Advisor(s) | Fifth Third Securities, Inc. (Financial) |
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Hibbett is a sporting goods stores in small to mid-sized markets predominately in the South, Southwest, Mid-Atlantic and Midwest regions of the United States. Hibbett was founded in 1945 and is based in Birmingham, Alabama.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Retail) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Tennessee) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2018) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2002 |
| PE ASSETS | 550M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Banyan is a specialty finance firm that provides mezzanine capital to smaller middle-market companies headquartered primarily in the Southeast US. Banyan looks to invest $5 to $25 million of junior capital in profitable companies. The Firm does not have any industry preferences, however, Banyan will not invest in real estate development, oil and gas exploration, direct lenders, start-ups or turn-around situations. Banyan Mezzanine was formed in 2002 and is based in Miami, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 17 of 22 |
| Sector (Retail) | 3 of 4 |
| Type (Add-on Acquisition) | 11 of 14 |
| State (Tennessee) | 1 of 1 |
| Country (United States) | 17 of 22 |
| Year (2018) | 1 of 1 |
| Size (of disclosed) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-07-06 |
Compact Power Equipment Centers
Fort Mill, South Carolina, United States Compact Power Equipment Centers is a manufacturer and wholesale distributor of compact utility equipment used in a broad spectrum of industries including landscape contracting, telecommunications, general construction, irrigation, and utilities. Compact Power Equipment Centers LLC was established in 2008 and is headquartered in Fort Mill, South Carolina. |
Sell | $265M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-09-18 |
GWS Tool
Tavares, Florida, United States GWS Tool is a manufacturer of engineered custom, standard, and modified standard cutting tools, primarily servicing the aerospace and defense, power generation, automotive, and medical sectors. GWS Tool was formed in 2014 and is based in Tavares, Florida. |
Buy | - |
| Category | Asset Manager |
|---|---|
| Founded | 1998 |
| PE ASSETS | 2.2B USD |
| Size | Large |
| Type | Sector Agnostic |
Capitala Group is an asset manager that provides equity and mezzanine capital to mid-sized companies valued up to $250 million. Funds are generally used to support growth needs, add-on acquisitions, management/leveraged buyouts, and recapitalizations. Capitatala will invest across the US, but generally targets opportunities located in the Southeast. Industry preferences include building products, business services, consumer/reteail, general industrial, healthcare, and technology. Prospective companies typically have revenues greater than $10 million and EBITDA of at least $3 million. Capitala was formed in 1998 and is headquartered in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 32 of 53 |
| Sector (Retail) | 2 of 3 |
| Type (Add-on Acquisition) | 12 of 17 |
| State (Tennessee) | 2 of 3 |
| Country (United States) | 31 of 52 |
| Year (2018) | 1 of 2 |
| Size (of disclosed) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-07-23 |
Optio Rx
Oak Brook, Illinois, United States Optio Rx is an owner and operator of specialty compounding pharmacies and home infusion providers licensed across the United States. Optio currently specializes in providing medication and care in the fertility, veterinary, and hemophilia segments. Optio Rx was founded in 2018 and is based in Oak Brook, Illinois. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-19 |
Visible Body
Framingham, Massachusetts, United States Visible Body is a creator of 3D anatomical models and animations of the human body used in the education of both students and healthcare professionals. Visible Body was founded in 2007 and is based in Framingham, Massachusetts. |
Buy | - |
