Secondary Buyout • Manufacturing

Huntstone Capital Acquires Footage Tools

On April 27, 2023, private equity firm Huntstone Capital acquired manufacturer Footage Tools from Argyle Capital

Acquisition Context
  • This is Huntstone Capital’s 1st transaction in the Manufacturing sector.
  • This is Huntstone Capital’s 1st transaction in Canada.
  • This is Huntstone Capital’s 1st transaction in Ontario.

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M&A Deal Summary

Date April 27, 2023
Target Footage Tools
Sector Manufacturing
Buyer(s) Huntstone Capital
Sellers(s) Argyle Capital
Deal Type Secondary Buyout

Target Company

Footage Tools

Vaughan, Ontario, Canada
Footage Tools is a manufacturer of premium tools for use in the gas, water, and underground utility markets globally. Footage produces niche products using the highest quality materials and manufacturing processes. Footage Tools was founded in 1982 and is based in Vaughan, Ontario.
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Buyer Overview 1

DESCRIPTION

Huntstone Capital is a private investment firm focused on acquiring small to medium-sized businesses in North America. The Firm seeks stable and profitable companies with EBITDA of $1.5 to $5 million and $5 to $40 million in revenue. Huntstone considers a variety of industries and verticals, including manufacturing, industrial services, distribution, and B2B services. Huntstone Capital was founded in 2019 and is headquartered in Toronto, Ontario.


Deal Context for Buyer #
Overall 1 of 1
Sector: Manufacturing 1 of 1
Type: Secondary Buyout 1 of 1
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2023 1 of 1

Seller Profile 1

DESCRIPTION

Argyle Capital is a private equity firm focused on control investments in lower-middle market Canadian companies. Argyle seeks stable, family-owned and service-oriented businesses with up to $15 million of EBITDA. Sectors of interest include the automotive, distribution, manufacturing, and consumer services industries, however the company generally avoids high-tech industries and commodity providers. Argyle Capital was established in 2016 and is headquartered in Toronto, Ontario.


Deal Context for Seller #
Overall 1 of 1
Sector: Manufacturing 1 of 1
Type: Secondary Buyout 1 of 1
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 Mufflerman

London, Ontario, Canada

Mufflerman is an auto repair shop operating throughout Southwestern Ontario. Mufflerman operates out of its 12 corporate-owned locations and is focused on providing complete automotive repair and service to all aspects of the vehicle. Mufflerman was formed in 1964 and is based in London, Ontario.

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