M&A Deal Summary

Highland Rim Capital Acquires I-Deal Optics

On May 31, 2024, private equity firm Highland Rim Capital acquired consumer products company I-Deal Optics from Main Street Capital Holdings

Acquisition Highlights
  • This is Highland Rim Capital’s 1st transaction in the Consumer Products sector.
  • This is Highland Rim Capital’s 2nd transaction in the United States.
  • This is Highland Rim Capital’s 1st transaction in Michigan.

M&A Deal Summary
Date 2024-05-31
Target I-Deal Optics
Sector Consumer Products
Buyer(s) Highland Rim Capital
Sellers(s) Main Street Capital Holdings
Deal Type Secondary Buyout

Target

I-Deal Optics

Troy, Michigan, United States
I-Deal Optics is a manufacturer and distributor of quality budget eyewear and sun wear. I-Deal Optics delivers a combination of innovation and quality at the best prices possible across a broad portfolio of products consisting of eight brands and over six hundred styles. I-Deal Optics was founded in 1996 and is based in Troy, Michigan.

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Buyer(S) 1

Buyer

Highland Rim Capital

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2022
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Michigan) 1 of 1
Country (United States) 2 of 2
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-01 AAN Adjusters

Knoxville, Tennessee, United States

AAN Adjusters provides outsourced property and casualty insurance claims adjusting services for residential and commercial insurers. AAN Adjusters manages the entire field claims adjuster process from claim notification and dispatch through final review and estimate, utilizing its nationwide network of claims adjusters. AAN Adjusters was founded in 2005 is headquartered in Knoxville, Tennessee.

Buy -

Seller(S) 1

SELLER

Main Street Capital Holdings

Pittsburgh, Pennsylvania, United States

Investor Investor

Category Private Equity Firm
Founded 1994
Size Small
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a private equity firm that acquires profitable, growth-oriented companies located in the US. Areas of interest include electronic manufacturing services, food, homeland security, metallic alloy parts manufacturers, niche manufacturing, and value-added distribution. Prospective companies should have EBITDA of at least $2 million. Main Street looks to invest $3 to $25 million per transaction in businesses valued up to $125 million. The Firm prefers control situations and will not invest in start-ups, turnarounds, commodities, retail, or restaurants. Main Street Capital Holdings is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 12 of 12
Sector (Consumer Products) 2 of 2
Type (Secondary Buyout) 1 of 1
State (Michigan) 2 of 2
Country (United States) 11 of 11
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-22 I-Deal Optics

Troy, Michigan, United States

I-Deal Optics is a manufacturer and distributor of quality budget eyewear and sun wear. I-Deal Optics delivers a combination of innovation and quality at the best prices possible across a broad portfolio of products consisting of eight brands and over six hundred styles. I-Deal Optics was founded in 1996 and is based in Troy, Michigan.

Sell -
Mergr

Product

Company

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