M&A Deal Summary

Holleway Capital Partners and Capital For Business Acquire T-Tek Material Handling

On November 11, 2021, private equity firms Holleway Capital Partners and Capital For Business acquired machinery company T-Tek Material Handling

Acquisition Highlights
  • This is Holleway Capital Partners’ 2nd and Capital For Business’ 3rd transaction in the Machinery sector.
  • This is Holleway Capital Partners’ 4th and Capital For Business’ 50th transaction in the United States.
  • This is Holleway Capital Partners’ 1st and Capital For Business’ 1st transaction in Alabama.
Investment Fate
  • T-Tek Material Handling was sold to a strategic buyer in 2024.

M&A Deal Summary

Date 2021-11-11
Target T-Tek Material Handling
Sector Machinery
Buyer(s) Holleway Capital Partners
Capital For Business
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Founders Advisors (Financial)

Target

T-Tek Material Handling

Montgomery, Alabama, United States
T-TEK Material Handling is a manufacturer of high-speed palletizing, depalletizing and conveying systems for multiple industries including the beverage industry. The company also design, service, and support high-speed pallet sortation and repair systems. T-Tek Material Handling was founded in 1996 and is based in Montgomery, Alabama.

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Buyer(S) 2

DESCRIPTION

Holleway Capital Partners is a private investment firm focused on investing in and acquiring lower middle-market, Midwest US-based companies in the manufacturing, distribution, and services sectors. The Firm looks for opportunities where ownership is looking for liquidity. Target companies typically exhibit $10 to $100 million of revenue and up to $10 million of EBITDA. Holleway Capital Partners was formed in 2016 and has offices in St. Louis, Missouri and Omaha, Nebraska.


DEAL STATS #
Overall 4 of 8
Sector: Machinery M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 5
State: Alabama M&A 1 of 1
Country: United States M&A 4 of 8
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 Panek Precision

Northbrook, Illinois, United States

Panek Precision is a manufacturer of precision machined metal components and sub-assemblies for original equipment manufacturers. The company’s primary capabilities as a machine shop include CNC machining, multi-spindle screw machining, precision tube cutting, metal forming, 4-slide stamping and centerless grinding. Panek Precision’s secondary capabilities include broaching, assembly, tapping, honing, lapping, milling and thread rolling. Panek Precision was founded in 1945 and is based in Northbrook, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Vehicle Security Innovators

Green Bay, Wisconsin, United States

Vehicle Security Innovators is a manufacturer of vehicle security products for truck OEM & aftermarket segments, VSI through its other business units (Pop & Lock, Freight Defense, and Simply Keys) provides aftermarket security systems and accessories for passenger vehicles, truck fleets and manufacturers of construction equipment, toolboxes, handles, and latches. Vehicle Security Innovators was founded in 1948 and is based in Green Bay, Wisconsin.

Buy -
Buyer

Capital For Business

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1959
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Capital for Business (CFB) is a private investment firm focused on providing junior capital to growing lower middle-market companies with at least $10 to $100 million in sales. CFB targets businesses serving niche consumer, commercial, distribution, manufacturing, and service markets throughout the United States. Funds are typically used to support management buyouts, leveraged buyouts, recapitalizations, corporate divestitures, growth financings, and going-private transactions. CFB will not invest in start-ups, turnarounds, unproven technologies, biotech, real estate, and financial institutions. Capital for Business was founded in 1959 and is headquartered in St. Louis, Missouri.


DEAL STATS #
Overall 50 of 56
Sector: Machinery M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 35 of 37
State: Alabama M&A 1 of 1
Country: United States M&A 50 of 56
Year: 2021 M&A 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Fiberdome Products

Lake Mills, Wisconsin, United States

Fiberdome Products is a designer and manufacturer of custom molded composite fiberglass products for industrial, defense, specialty vehicle, oil & gas, construction, and heavy machinery OEMs. Fiberdome Products was founded in 1968 and is based in Lake Mills, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 Patterson Mold and Tool

Saint Charles, Missouri, United States

Patterson Mold and Tool is a designer and manufacturer of complex tooling for the die casting industry. The company provides engineering support and collaborates with die casting providers and their end customers, from prototype development to production tooling, and provides tool and die repair and refurbishment services. In addition, Patterson utilizes its machining expertise to manufacture precision metal components and assemblies for diverse end markets including aerospace and communications. Patterson Mold and Tool was founded in 1978 and is based in Saint Charles, Missouri.

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