M&A Deal Summary

IFH Group Acquires Dynamic Tube

On November 26, 2024, IFH Group acquired manufacturer Dynamic Tube from Broadgate Capital, ZJM Equity, Marquette Capital Partners and Parkway Capital

Acquisition Highlights
  • This is IFH Group’s 1st transaction in the Manufacturing sector.
  • This is IFH Group’s 1st transaction in the United States.
  • This is IFH Group’s 1st transaction in Iowa.

M&A Deal Summary

Date 2024-11-26
Target Dynamic Tube
Sector Manufacturing
Buyer(s) IFH Group
Sellers(s) Broadgate Capital
ZJM Equity
Marquette Capital Partners
Parkway Capital
Deal Type Add-on Acquisition
Advisor(s) TKO Miller LLC (Financial)

Target

Dynamic Tube

Maquoketa, Iowa, United States
Dynamic Tube is a manufacturer of tube and pipe assemblies used in the assembly of diesel/gas engines, hydraulic systems, cooling systems, and air systems. Dynamic Tube was founded in 1976 and is based in Maquoketa, Iowa.

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Buyer(S) 1

Buyer

IFH Group

Rock Falls, Illinois, United States

Category Company
Sector Manufacturing
DESCRIPTION

IFH Group manufactures custom steel fuel and hydraulic oil tanks for off-road and specialty vehicles markets. Applications include heavy terrain forklifts, earth boring equipment, boom cranes, back hoes, grounds keeping equipment, end loaders and hay bailers. Fuel Tanks and Hydraulic Reservoirs range in capacities from 1 to more than 300 gallons, and are manufactured from steel, stainless steel, aluminum, or aluminized steel. IFH Group is based in Rock Falls, Illinois.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 4

SELLER

Broadgate Capital

Southlake, Texas, United States

Investor Investor


Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

Broadgate Capital is a private-equity group focused on acquisitions and investments across a variety of industries including manufacturing, distribution, consumer products, and healthcare. The Firm pursues profitable companies with EBITDA greater then $1 million and at least $5 million in revenue. Broadgate will consider opportunities throughout the US and is willing to provide junior and/or equity capital. Broadgate Capital was formed in 2011 and is based in Dallas, Texas.


DEAL STATS #
Overall 4 of 4
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Iowa) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-24 Accurate Fabrication

Hartford, Wisconsin, United States

Accurate Fabrication provides precision metal fabrication, using state-of-the-art equipment and production methods. Operations include laser cutting, punching, bending, welding, and assembly. Accurate has built a strong reputation providing OEMs with high-quality parts and service. Accurate Fabrication was founded in 1994 and is based in Hartford, Wisconsin.

Buy -
SELLER

ZJM Equity

Centennial, Colorado, United States

Investor


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

ZJM Equity is a private equity firm focused on acquiring profitable manufacturing, distribution, and business services companies. The Firm will consider opportunities throughout the US and prefers businesses with defendable market positions, strong management willing to stay in place, and potential for growth. ZJM Equity was formerly known as Highline Equity. The Firm was originally established in 2008 and is based in Denver, Colorado.


DEAL STATS #
Overall 4 of 4
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Iowa) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-24 Accurate Fabrication

Hartford, Wisconsin, United States

Accurate Fabrication provides precision metal fabrication, using state-of-the-art equipment and production methods. Operations include laser cutting, punching, bending, welding, and assembly. Accurate has built a strong reputation providing OEMs with high-quality parts and service. Accurate Fabrication was founded in 1994 and is based in Hartford, Wisconsin.

Buy -
SELLER

Marquette Capital Partners

St. Louis Park, Minnesota, United States

Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 258M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Marquette Capital Partners (MCP) is a private investment focused on junior capital investments in mature lower-middle market companies. MCP looks to invest $2 to $10 million per transaction to support growth, recapitalization, or change of control transactions. Prospective companies are typically manufacturers of consumer or industrial products, value-added distributors, business to business service companies, and retail businesses. MCP will not invest in start-ups, early stage venture capital, or real estate businesses. The firm is an affiliate of Marquette Financial Companies, a multibillion dollar financial services firm. Marquette Capital Partners was formed in 1997 and is based in Minneapolis, Minnesota, with an additional office in Chicago, Illinois.


DEAL STATS #
Overall 17 of 17
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 8 of 8
State (Iowa) 1 of 1
Country (United States) 17 of 17
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 Market Fresh Produce

Springfield, Missouri, United States

Market Fresh Produce is a value-added supply chain manager of branded fresh vegetables and fruit to grocery retailers, grocery wholesalers, and foodservice providers nationwide. Market Fresh maintain close relationships with their growers and shippers along with priding themselves on quality and best in class service. Market Fresh Produce was founded in 1998 and is based in Springfield, Missouri.

Buy -
SELLER

Parkway Capital

Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Parkway Capital is the mezzanine finance unit of Calvert Street Partners. Parkway's investments typically take the form of subordinated debt, which can be combined with a junior secured loan or preferred stock. If an opportunity calls for common equity, Parkway can also co-invest with other shareholders. Parkway looks to commit $3 to $12 million of capital per transaction in companies with at least $10 million in revenue and EBITDA in excess of $2 million. Funds are generally used to support business expansions, corporate acquisitions, leverage buyouts, recapitalization, ownership transfers, and 'wealth diversification'. Parkway Capital was formed in 2000 and became a unit of Calvert Street in 2019.


DEAL STATS #
Overall 13 of 13
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 5 of 5
State (Iowa) 1 of 1
Country (United States) 13 of 13
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-21 Malco

Tulsa, Oklahoma, United States

Malco manufactures and distributes hardware anchors specially designed to secure refractory linings for industrial furnaces, kilns, reactors, boilers, and other high-temperature environments found in petrochemical plants, cement and steel manufacturing, and power generation facilities. The Company also fabricates structural metal assemblies such as flare systems, pressure vessels, storage tanks, and processing equipment. Malco was founded in 1982 and is based in Tulsa, Oklahoma.

Buy -