M&A Deal Summary

Hobbico Acquires Estes-Cox

On January 21, 2010, Hobbico acquired consumer products company Estes-Cox from Prairie Capital

Acquisition Highlights
  • This is Hobbico’s 1st transaction in the Consumer Products sector.
  • This is Hobbico’s 1st transaction in the United States.
  • This is Hobbico’s 1st transaction in Colorado.

M&A Deal Summary

Date 2010-01-21
Target Estes-Cox
Sector Consumer Products
Buyer(s) Hobbico
Sellers(s) Prairie Capital
Deal Type Add-on Acquisition

Target

Estes-Cox

Penrose, Colorado, United States
Estes-Cox Corp. dba Estes Industries is a leader in designing, manufacturing, and marketing high quality hobby products for novice users and hobby enthusiasts.

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Buyer(S) 1

Buyer

Hobbico

Champaign, Illinois, United States

Category Company
Founded 1971
Sector Manufacturing
DESCRIPTION

Hobbico is a manufacturer and distributor of radio-controlled (R/C) models and other general hobby products. The Company carries more than 52,000 SKUs, which consist of R/C airplanes, cars, boats, radio systems, accessories, and software. Hobbico was founded in 1971 and is based in Champaign, Illinois.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2010 M&A 1 of 1

Seller(S) 1

SELLER

Prairie Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 525M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prairie Capital is a private investment firm that provides equity and/or mezzanine capital to support buyouts and recapitalization of lower middle-market companies generating sales of $20 - $100 million with an EBITDA of $4 - $12 million. Areas of interest include niche manufacturers, business services, consumer products, marketing services, specialty chemical, and food businesses. The firm invests in the range of $25 - $45 million per transaction. Prairie Capital was formed in 1997 and is based in Chicago, Illinois.


DEAL STATS #
Overall 20 of 56
Sector: Consumer Products M&A 6 of 12
Type: Add-on Acquisition M&A Deals 5 of 19
State: Colorado M&A 1 of 1
Country: United States M&A 20 of 55
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-04 Statlab Medical Products

McKinney, Texas, United States

Statlab Medical Products is a developer and manufacturer of cost-effective histology, cytology, and immunohistochemistry diagnostic supplies. StatLab offers 1,750 of the most commonly purchased diagnostic supplies used by independent and hospital-based anatomic pathology laboratories. Statlab Medical Products was founded in 1976 and is based in McKinney, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-01 Messenger

Auburn, Indiana, United States

Messenger is a manufacturer and distributor of specialty stationery and related products to the death care industry. Messenger products are sold to over 8,000 funeral home directors who, in turn, retail these products to families for use at memorial services. Messenger was founded in 1913 and is based in Auburn, Indiana.

Buy -