M&A Deal Summary

High Road Capital Partners Acquires Celco Controls

On March 2, 2010, private equity firm High Road Capital Partners acquired technology hardware company Celco Controls

Acquisition Highlights
  • This is High Road Capital Partners’ 1st transaction in the Technology Hardware sector.
  • This is High Road Capital Partners’ 2nd transaction in Canada.
  • This is High Road Capital Partners’ 1st transaction in Manitoba.

M&A Deal Summary

Date 2010-03-02
Target Celco Controls
Sector Technology Hardware
Buyer(s) High Road Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Celco Controls

Winnipeg, Manitoba, Canada
Celco Controls engineers, programs and assembles customized automation control systems for a diverse set of end-markets, including food processing, metals and mining, power generation, and infrastructure. Celco Controls was founded in 1979 and is based on Winnipeg, Manitoba.

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Buyer(S) 1

Buyer

High Road Capital Partners

Greenwich, Connecticut, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 470M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

High Road Capital Partners LLC is a private equity firm focused on acquiring smaller middle-market companies in partnership with management. High Road looks to invest in companies with revenues of $10 to $100 million with an EBITDA of $3 to $ 10 million. Broad areas of interest include manufacturing, service, and value-added distribution businesses. Target transaction situations include buyouts and recapitalization. High Road will consider both control and non-control investments. High Road Capital Partners was formed in 2007 and is based in New York City.


DEAL STATS #
Overall 4 of 19
Sector (Technology Hardware) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 13
State (Manitoba) 1 of 1
Country (Canada) 2 of 2
Year (2010) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-25 Accentus

Ottawa, Ontario, Canada

Accentus, Inc. is the provider of outsourced medical transcription services in Canada, serving hospitals, clinics and physicians’ offices throughout the country.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-20 PANOS brands

Rochelle Park, New Jersey, United States

PANOS brands manufactures and markets natural and specialty food and beverage products sold in the US and Canada, with a portfolio of brands including KA-ME Asian foods, Seamark crackers, MI-DEL cookies, and Amore food pastes. PANOS brands was founded in 2006 and is based in Rochelle Park, New Jersey.

Buy $22M