M&A Deal Summary

Indeeco Acquires Accutherm

On June 1, 2011, Indeeco acquired electrical equipment company Accutherm from Bush O Donnell Capital Partners, Eagle Private Capital and Arch Equity Partners

Acquisition Highlights
  • This is Indeeco’s 1st transaction in the Electrical Equipment sector.
  • This is Indeeco’s 2nd transaction in the United States.
  • This is Indeeco’s 1st transaction in Missouri.

M&A Deal Summary

Date 2011-06-01
Target Accutherm
Sector Electrical Equipment
Buyer(s) Indeeco
Sellers(s) Bush O Donnell Capital Partners
Eagle Private Capital
Arch Equity Partners
Deal Type Add-on Acquisition

Target

Accutherm

Monroe City, Missouri, United States
Accu-Therm, Inc. is a manufacturer of industrial and commercial electric heating systems and controls.

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Buyer(S) 1

Buyer

Indeeco

St. Louis, Missouri, United States

Category Company
Founded 1929
Sector Manufacturing
DESCRIPTION

Established in 1929, INDEECO designs and manufactures a complete line of heating equipment, including space heaters, industrial component heaters and electronic controls for commercial, industrial and marine markets in North America and abroad. INDEECO is based in Missouri and maintains three manufacturing facilities in the state: one in St. Louis, one in Boonville and one in Cuba.


DEAL STATS #
Overall 2 of 2
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Missouri) 1 of 1
Country (United States) 2 of 2
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-01 Heatrex

Meadville, Pennsylvania, United States

Heatrex, Inc. is a designer and manufacturer of electric heat products for customers in the United States and internationally.

Buy -

Seller(S) 3

SELLER

Bush O Donnell Capital Partners

St. Louis, Missouri, United States

Category Private Equity Firm
PE ASSETS 250M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Bush O'Donnell Capital Partners (BOCP) is the private equity investment arm of Bush O'Donnell & Co., a firm that also provides investment advisory services. BOCP makes equity and mezzanine investments of $2 to $10 million in lower middle-market businesses with $5 to $100 million in sales. Funds are generally used to support growth initiatives, management buyouts, leveraged buyouts, and recapitalizations. Prospective companies typically have experienced management, stable cash-flows, and operate in a defensible market niche. The Firm will not invest in start-ups or turnarounds. BOCP is based in St. Louis, Missouri.


DEAL STATS #
Overall 9 of 25
Sector (Electrical Equipment) 1 of 2
Type (Add-on Acquisition) 3 of 15
State (Missouri) 3 of 6
Country (United States) 9 of 25
Year (2011) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-10 TrueNet Communications

Jacksonville, Florida, United States

TrueNet Communications, Inc. is a provider of communications network infrastructure services specializing in delivering consulting, engineering, installation and technical services to the Broadband, Wireless and Wireline Carrier, Energy and Utility, and corporate and government markets. TrueNet is extremely well positioned to capitalize on the demand for broadband infrastructure driven by the ever increasing need for bandwidth

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-12 SoftBase Systems

Asheville, North Carolina, United States

SoftBase is a leading provider of application testing and tuning solutions for IBM's DB2® database utilizing the OS/390® and z/OS® operating systems.

Buy -
SELLER

Eagle Private Capital

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Eagle Private Capital (EPC) makes private equity and mezzanine investments in middle-market companies. The Firm typically invests $4 to $15 million per investment. EPC looks to partner with management or other private equity investors to provide growth or change of control capital. EPC is based in St. Louis, Missouri.


DEAL STATS #
Overall 9 of 49
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 3 of 25
State (Missouri) 3 of 8
Country (United States) 9 of 49
Year (2011) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-29 Nelson-Miller

Los Angeles, California, United States

Nelson-Miller designs manufacture, and sources customized membrane switches, graphic overlays, nameplates, rubber keypads, touchscreens, and other user-interface and product identification solutions. Nelson-Miller was formed in 2011 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 Claris Vision

Warwick, Rhode Island, United States

Koch Eye Associates, Inc. is a provider of eye care and surgical practices, with twenty doctors treating patients at eight office locations, three laser vision centers, and a surgery center. Koch Eye Associates was founded in 1981 and is based in Warwick, Rhode Island.

Buy -
DESCRIPTION

Arch Equity Partners is a private equity firm focused on acquiring lower middle-market business services, distribution, and manufacturing companies headquartered in the Midwest US. Arch prefers profitable companies with up to $30 million in revenue. Prospective transaction situations include ownership transitions, management buyouts, recapitalizations, growth capital financings, divestitures, and select turnaround situations. Arch Equity Partners was formed in 2008 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 1 of 2
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Missouri) 1 of 2
Country (United States) 1 of 2
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-01 Chandler Industries

Blaine, Minnesota, United States

Chandler Industries is a manufacturer of precision-machined components, fabrications, complex assemblies and weldments for quality-minded. Chandler Industries was established in 1962 and is based in Blaine, Minnesota.

Buy $3M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-23 Kenroy Home

Jacksonville, Florida, United States

Kenroy Home is a lighting and home accessory company. Kenroy Home was founded in 1957 and is based in Jacksonville, Florida.

Buy $8M