M&A Deal Summary

High Road Capital Partners Acquires John Henry Foster

On June 4, 2019, private equity firm High Road Capital Partners acquired distribution company John Henry Foster

Acquisition Highlights
  • This is High Road Capital Partners’ 4th transaction in the Distribution sector.
  • This is High Road Capital Partners’ 17th transaction in the United States.
  • This is High Road Capital Partners’ 2nd transaction in Minnesota.

M&A Deal Summary
Date 2019-06-04
Target John Henry Foster
Sector Distribution
Buyer(s) High Road Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

John Henry Foster

Eagan, Minnesota, United States
John Henry Foster is a distributor of motion control parts and accessories, compressed air systems, collaborative robots, industrial robotics, and electrical automation products. John Henry Foster was founded in 1938 and is based in Eagan, Minnesota.

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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 19 of 19
Sector (Distribution) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 13 of 13
State (Minnesota) 2 of 2
Country (United States) 17 of 17
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-12 York Wallcoverings

York, Pennsylvania, United States

York Wallcoverings is a manufacturer of residential and commercial wallpaper, as well as peel-and-stick removable and reusable wall decals. York Wallcoverings was founded in 1895 and is based in York, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-14 Banner Solutions

Kansas City, Missouri, United States

Banner Solutions is a wholesale distributor of door hardware, electronic access control, and security products primarily for repair, replacement, and renovation applications in the commercial/institutional and residential markets. Banner Solutions was founded in 1987 and is based in Kansas City, Missouri.

Sell -
Mergr

Product

Company

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