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 mezzanine finance 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 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.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

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 Companies was founded in 2019 and is based in Birmingham, Michigan.


DEAL STATS #
Overall 2 of 4
Sector: Education M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 3
State: Michigan M&A 1 of 2
Country: United States M&A 2 of 4
Year: 2019 M&A 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. 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​ is a designer and manufacturer of furniture for the K-12 school market. MediaTech offers a broad range of seating, tables, desks and storage products used in classrooms, libraries and other common areas in schools. MediaTech is based in Shelby, Michigan.

Buy -
Buyer
DESCRIPTION

Charter Growth Capital Fund is a private investment fund focused on providing junior capital (debt and equity) to lower mid-market companies in the Great Lakes region of North America. The Firm typically deploys $1 to $8 million per investment to support growth initiatives, succession transitions, or recapitalizations in sectors such as business services, distribution, healthcare, industrial services, and manufacturing. Charter Growth Capital Fund was formed in 2019 and is based in Grand Rapids, Michigan.


DEAL STATS #
Overall 3 of 9
Sector: Education M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 2
State: Michigan M&A 2 of 5
Country: United States M&A 3 of 9
Year: 2019 M&A 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 -