M&A Deal Summary

HighGrove Companies Acquires Spire Collective

On September 7, 2023, private equity firm HighGrove Companies acquired consumer products company Spire Collective

Acquisition Highlights
  • This is HighGrove Companies’ 1st transaction in the Consumer Products sector.
  • This is HighGrove Companies’ 4th transaction in the United States.
  • This is HighGrove Companies’ 1st transaction in Virginia.

M&A Deal Summary
Date 2023-09-07
Target Spire Collective
Sector Consumer Products
Buyer(s) HighGrove Companies
Deal Type Recapitalization
Advisor(s) Bell Lap Advisors (Financial)

Target

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.

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Buyer(S) 1

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 4 of 4
Sector (Consumer Products) 1 of 1
Type (Recapitalization) 1 of 1
State (Virginia) 1 of 1
Country (United States) 4 of 4
Year (2023) 1 of 1
PREVIOUS 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.

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