M&A Deal Summary

HighGrove Companies and Valesco Industries Acquire MediaTech

On December 24, 2021, private equity firms HighGrove Companies and Valesco Industries acquired furniture company MediaTech

Acquisition Highlights
  • This is HighGrove Companies’ 1st and Valesco Industries’ 1st transaction in the Furniture sector.
  • This is HighGrove Companies’ 3rd and Valesco Industries’ 9th transaction in the United States.
  • This is HighGrove Companies’ 2nd and Valesco Industries’ 1st transaction in Michigan.

M&A Deal Summary
Date 2021-12-24
Target MediaTech
Sector Furniture
Buyer(s) HighGrove Companies
Valesco Industries
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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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 3 of 4
Sector (Furniture) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Michigan) 2 of 2
Country (United States) 3 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-11 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 Spire Collective

Troy, Virginia, United States

Spire Collective is a designer and engineer of outdoor gear and garage storage products. The Company offers a broad set of solutions to store water sports gear, garage tools, bikes, winter sports gear, and equipment for other outdoor sports categories. Spire Collective was founded in 2009 and is based in Troy, Virginia.

Buy -
Buyer

Valesco Industries

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Valesco Industries is a private equity firm focused on growth-oriented small and lower middle-market businesses across the US. Valesco seeks profitable companies with EBITDA of at least $4 million and revenue between $15 and $100 million in the manufacturing, distribution, and business services sectors. The Firm considers both minority and majority positions as well as provides subordinated debt to support owner successions, management buyouts, recapitalizations, and growth financings. Valesco does not invest in start-ups, real estate, financial services, and turnarounds. Valesco Industries was established in 1993 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 9 of 15
Sector (Furniture) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 5
State (Michigan) 1 of 1
Country (United States) 9 of 15
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-21 T-H Marine

Huntsville, Alabama, United States

T-H Marine is a provider of branded marine parts and accessories. T-H Marine serves the expanding aftermarket parts and accessories market through its e-commerce site, various marine and big-box retail sites, and marine distribution channels. T-H Marine was founded in 1975 and is based in Huntsville, Alabama.

Sell $185M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-07 TopDown

North Hollywood, California, United States

TopDown is a designer, manufacturer, and supplier of automotive aftermarket products. TopDown was founded in 1979 and is based in North Hollywood, California.

Buy -
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