M&A Deal Summary

Hub Pen Acquires Beacon Promotions

On January 24, 2017, Hub Pen acquired consumer products company Beacon Promotions from Stonehenge Partners and Bounds Equity Partners

Acquisition Highlights
  • This is Hub Pen’s 1st transaction in the Consumer Products sector.
  • This is Hub Pen’s 1st transaction in the United States.
  • This is Hub Pen’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2017-01-24
Target Beacon Promotions
Sector Consumer Products
Buyer(s) Hub Pen
Sellers(s) Stonehenge Partners
Bounds Equity Partners
Deal Type Add-on Acquisition

Target

Beacon Promotions

New Ulm, Minnesota, United States
Beacon Promotions is a promotional products supplier company. Beacon offers a wide selection of products, such as: calendars, table covers, drinkware, bags, housewares, tools, auto accessories, writing instruments, and over 51 Name Brand product lines for executive gifts and incentives. Beacon Promotions was founded in 2003 and is based in New Ulm, Minnesota.

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Buyer(S) 1

Buyer

Hub Pen

Braintree, Massachusetts, United States
Category Company
Founded 1954
Sector Consumer Products
DESCRIPTION

Hub Pen is a designer and supplier of promotional writing instruments in the U.S. Hub Pen was founded in 1954 and is based in Braintree, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1

Seller(S) 2

SELLER

Stonehenge Partners

Columbus, Ohio, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stonehenge Partners is a private equity firm that seeks equity and mezzanine investments in lower middle-market companies with at least $10 million in sales. Stonehenge looks to invest ranging from $10 million to $50 million of equity/junior capital to support management buyouts, leveraged acquisitions, recapitalizations, and growth capital financings. Stonehenge prefers businesses operating in manufacturing, distribution, business services and healthcare. Stonehenge avoids investing in real estate, oil and gas, high technology and 'industries that are susceptible to a high degree of cyclicality'. Stonehenge was formed in 1999 and is based in Columbus, Ohio.

DEAL STATS #
Overall 32 of 38
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 11 of 17
State (Minnesota) 2 of 2
Country (United States) 31 of 37
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-22 Clad Rex

Franklin Park, Illinois, United States

Clad Rex is a supplier of vinyl-coated and prepainted steel and aluminum coils, sheets & blanks. Our finishes enhance the beauty, durability, functionality, and value of our customers' products. Clad Rex was founded in 1961 and is based in Franklin Park, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-17 BHS Specialty Chemicals

Salt Lake City, Utah, United States

BHS Specialty Chemicals LLC (formerly BHS Marketing LLC) is a manufacturer, blender and distributor of specialty chemicals with facilities in Salt Lake City, UT, Nampa, ID and Fort Lupton, CO. BHS primarily serves the food processing and water treatment industries.

Sell -
SELLER

Bounds Equity Partners

Highland Park, Illinois, United States
Category Private Equity Firm
Founded 1988
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Bounds Equity Partners LLC (BEP) is a private equity firm focused on smaller company investments (business with $1 million+ of EBITDA). The Firm targets growth companies with market/industry segment leadership, defensible market positions, and operating profit margin of at least 10 percent. BEP looks to invest at least $1 million per transaction and prefers situations where entrepreneurs are seeking liquidity. Target sectors include building materials and services, business services, healthcare products and services, niche distribution and specialty manufacturing. Bounds Equity Partners LLC was formed in 2009 and is based in Highland Park, Illinois.

DEAL STATS #
Overall 4 of 7
Sector (Consumer Products) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (Minnesota) 1 of 2
Country (United States) 4 of 7
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-22 Clad Rex

Franklin Park, Illinois, United States

Clad Rex is a supplier of vinyl-coated and prepainted steel and aluminum coils, sheets & blanks. Our finishes enhance the beauty, durability, functionality, and value of our customers' products. Clad Rex was founded in 1961 and is based in Franklin Park, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 Thermo-Tech Windows and Doors

Sauk Rapids, Minnesota, United States

Thermo-Tech Windows and Doors LLC is a manufacturer of vinyl clad windows and patio doors for residential housing and multi-family apartments. Thermo-Tech Windows and Doors was founded in 1993 and is based in Sauk Rapids, Minnesota.

Sell -
Mergr

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