M&A Deal Summary

HighGrove Companies and Charter Growth Capital Fund Acquire All Star Driver Education

On December 11, 2019, private equity firm HighGrove Companies and growth capital firm Charter Growth Capital Fund acquired education company All Star Driver Education

Acquisition Highlights
  • This is HighGrove Companies’ 1st and Charter Growth Capital Fund’s 1st transaction in the Education sector.
  • This is HighGrove Companies’ 2nd and Charter Growth Capital Fund’s 3rd transaction in the United States.
  • This is HighGrove Companies’ 1st and Charter Growth Capital Fund’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2019-12-11
Target All Star Driver Education
Sector Education
Buyer(s) HighGrove Companies
Charter Growth Capital Fund
Deal Type Buyout (LBO, MBO, MBI)

Target

All Star Driver Education

Ann Arbor, Michigan, United States
All Star Driver Education is a driver education company offering in-class driving instruction and in the car driving training in Michigan, Ohio, Georgia, and Arizona, as well as online driving instruction in California, Florida, Georgia, Nevada, and Texas, with at-home training in Minnesota and Oklahoma. All Star Driver Education was formed in 1997 and is based in Ann Arbor, Michigan.

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Buyer(S) 2

Buyer

HighGrove Companies

Category Private Equity Firm
Founded 2019
Size Small
Type Sector Agnostic
DESCRIPTION

HighGrove Companies is a private investment firm focused on acquiring Midwestern US-based companies operating in broad areas of the consumer services, consumer products, and business services sectors. The Firm prefers majority positions and seeks companies with $10 to $50 million of revenue and $2 to $10 million of EBITDA. HighGrove is based in Birmingham, Michigan.

DEAL STATS #
Overall 2 of 4
Sector (Education) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 3
State (Michigan) 1 of 2
Country (United States) 2 of 4
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-27 Express Flooring

Phoenix, Arizona, United States

Express Flooring provides flooring solutions for residential and commercial customers. The highest quality flooring products including carpet, tile, laminate, hardwood, stone, and vinyl plank from the industry’s top manufacturers. In the residential sector, the Company focuses solely on the home remodeling market and serves its residential customers exclusively through in-home sales. Express Flooring was founded in 2004 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-24 MediaTech

Shelby, Michigan, United States

MediaTech​ offers a broad range of furniture products for the K-12 school market. MediaTech produces seating, tables, desks and storage products used in every school environment. The Company works collaboratively with schools, architects and its dealer partners to help transform ideas into modern learning environments, through the Company's deep design and engineering capabilities and its partnership approach to meet the needs of its customers. MediaTech is based in Shelby, Michigan.

Buy -
Buyer

Charter Growth Capital Fund

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2019
PE ASSETS 40M USD
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 3 of 9
Sector (Education) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (Michigan) 2 of 5
Country (United States) 3 of 9
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-02 Keystone Solutions Group

Kalamazoo, Michigan, United States

Keystone Solutions Group is a product development and medical device contract manufacturing company. The company collaborates with customers around the world in the aerospace, automotive, and medical device industries to design, develop, test, and manufacture a wide range of products. Keystone Solutions Group was founded in 1997 and is based in Kalamazoo, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-18 Traverse City Products

Traverse City, Michigan, United States

Traverse City Products is a customer service-oriented company that strives to meet or exceed customer quality expectations. ISO 9001 accredited, TCP has an extensive background in the metal forming industry. Manufacturing capabilities include roll forming, stamping, welding, and various assembly processes. Traverse City Products was founded in 1982 and is based in Traverse City, Michigan.

Buy -
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