M&A Deal Summary

High Street Capital Acquires Adams Magnetic Products

On November 1, 2023, private equity firm High Street Capital acquired manufacturer Adams Magnetic Products

Acquisition Highlights
  • This is High Street Capital’s 5th transaction in the Manufacturing sector.
  • This is High Street Capital’s 26th transaction in the United States.
  • This is High Street Capital’s 3rd transaction in Illinois.

M&A Deal Summary
Date 2023-11-01
Target Adams Magnetic Products
Sector Manufacturing
Buyer(s) High Street Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Adams Magnetic Products

Elmhurst, Illinois, United States
Adams Magnetic Products is a manufacturing magnetic products, fabricator and distributor of all types of permanent magnets, magnetic assemblies, and devices alnico, ceramic, flexible magnets, neodymium, samarium cobalt, rare earth, magnet assemblies, stock or custom. Adams Magnetic Products was founded in 1950 and is based in Elmhurst, Illinois.

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Buyer(S) 1

Buyer

High Street Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 165M USD
Size Small
Type Sector Agnostic
DESCRIPTION

High Street Capital is a private investment firm focused on acquiring lower middle-market businesses generating revenues $10-$100 million with an EBITDA up to $15 million. The Firm typically invests in recapitalizations, management buyouts and growth equity financings. Target sectors include business services, aerospace/defense, healthcare product manufacturers and suppliers, testing and analytical services, chemicals and coatings, specialty plastics, and test/measurement equipment manufacturers. High Street looks to commit $2 to $8 million of equity per transaction and will consider both control and non-control situations. High Street will not invest in retail businesses, restaurants, oil and gas, entertainment, commodities, turnarounds, or start-ups. High Street Capital was formed in 1997 and is based in Chicago, Illinois.

DEAL STATS #
Overall 26 of 26
Sector (Manufacturing) 5 of 5
Type (Buyout (LBO, MBO, MBI)) 14 of 14
State (Illinois) 3 of 3
Country (United States) 26 of 26
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 Pinnacle Contracting Services

Kernersville, North Carolina, United States

Pinnacle Contracting Services provides concrete foundation, flatwork, and finishing services to single and multi-family residential homebuilders. Pinnacle Contracting Services was founded in 2011 and is based in Kernersville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-08 Suburban Drywall

Waukesha, Wisconsin, United States

Suburban Drywall is a provider of a complete line of insulation, metal framing, drywall, and painting services for a diversified mix of commercial, multi-family, and residential constructions. Suburban Drywall was founded in 1978 and is based in Waukesha, Wisconsin.

Sell -
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