M&A Deal Summary

High Street Capital and Bridge Street Capital Partners Acquire Superior Fibers

On August 1, 2006, private equity firms High Street Capital and Bridge Street Capital Partners acquired plastics company Superior Fibers

Acquisition Highlights
  • This is High Street Capital’s 1st and Bridge Street Capital Partners’ 1st transaction in the Plastics sector.
  • This is High Street Capital’s 6th and Bridge Street Capital Partners’ 4th transaction in the United States.
  • This is High Street Capital’s 1st and Bridge Street Capital Partners’ 1st transaction in Wisconsin.

M&A Deal Summary

Date 2006-08-01
Target Superior Fibers
Sector Plastics
Buyer(s) High Street Capital
Bridge Street Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Superior Fibers

Reedsville, Wisconsin, United States
Superior Fibers is a producer and seller of glass fiber products in residential and commercial air filtration, commercial and industrial paint arrestor and plastic composite reinforcement markets. Superior Fibers was founded in 1984 and is based in Reedsville, Wisconsin.

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Buyer(S) 2

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 6 of 26
Sector (Plastics) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 14
State (Wisconsin) 1 of 2
Country (United States) 6 of 26
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 BeneSys

Troy, Michigan, United States

BeneSys is a provider of third-party administration (TPA) services for employee healthcare and pension benefit programs for Taft-Hartley multiemployer plans. BeneSys was founded in 1979 and is based in Troy, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 DataSource

Kansas City, Missouri, United States

DataSource, Inc. is a technology-enabled Business Process Outsourcing (“BPO”) solutions provider of print supply and marketing services for industry-leading brands in the restaurant/hospitality and retail market segments. DataSource provides the expertise, services, technology, and products to help companies precisely execute and manage their branded programs through end-to-end brand management solution. DataSource was founded in 1989 and is based in Kansas City, Missouri.

Buy -
Buyer

Bridge Street Capital Partners

Grand Rapids, Michigan, United States

Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 30M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Bridge Street Capital Partners is a small acquisition firm focused on opportunities throughout the Midwest US. Bridge Street looks to invest $2.5 to $7.5 million in businesses generating $5 to $50 million in sales. Sectors of interest include industrial manufacturing, distribution and logistics, consumer products, healthcare, and business services. The Firm targets companies facing ownership transitions or that need capital for growth. Bridge Street Capital Partners is based in Grand Rapids, Michigan with an additional office in Hinsdale, Illinois.


DEAL STATS #
Overall 4 of 4
Sector (Plastics) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 4
State (Wisconsin) 1 of 1
Country (United States) 4 of 4
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-14 Affy Tapple

Niles, Illinois, United States

Affy Tapple is a producer and distributor of caramel-dipped apples to the grocery and foodservice industry through its Affy Tapple brand and gourmet caramel apples and handmade confections through its Mrs. Prindable's brand. Affy Tapple was founded in 1948 and is based in Niles, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 Jacob Ash/Schuessler

Mckees Rocks, Pennsylvania, United States

Jacob Ash designs, sources, merchandises and distributes specialty seasonal apparel, including dress, casual and sport gloves, headwear and related accessories.

Sell -