M&A Deal Summary

Insight Equity and Alcentra Capital Acquire Atwood Mobile Products

On September 4, 2007, private equity firm Insight Equity and mezzanine finance firm Alcentra Capital acquired manufacturer Atwood Mobile Products from Dura for 160M USD

Acquisition Highlights
  • This is Insight Equity’s 2nd and Alcentra Capital’s 3rd transaction in the Manufacturing sector.
  • This is Insight Equity’s 2nd and Alcentra Capital’s 3rd largest (disclosed) transaction.
  • This is Insight Equity’s 5th and Alcentra Capital’s 24th transaction in the United States.
  • This is Insight Equity’s 1st and Alcentra Capital’s 1st transaction in Indiana.
Investment Fate
  • Atwood Mobile Products was sold to a strategic buyer in 2014.

M&A Deal Summary
Date 2007-09-04
Target Atwood Mobile Products
Sector Manufacturing
Buyer(s) Insight Equity
Alcentra Capital
Sellers(s) Dura
Deal Type Divestiture
Deal Value 160M USD

Target

Atwood Mobile Products

Elkhart, Indiana, United States
Atwood Mobile Products, is a provider of gas appliances, windows, doors, electronics and hardware to the Recreational Vehicle (RV) industry.

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Buyer(S) 2

Buyer

Insight Equity

Southlake, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Insight Equity is a private equity firm targets control investments in middle-market companies. Insight looks for companies with revenues between $50 million to $1 billion and seeks to commit between $25 to $100 million per transaction. Areas of interest include manufacturing, distribution, aerospace & defense, automotive & transportation, consumer goods, service & professional industries, technology, and energy. Insight does not invest in real estate, retail or restaurant businesses. Insight Equity was formed in 1998 and is based in Southlake, Texas. The Firm has additional in New York City.

DEAL STATS #
Overall 5 of 26
Sector (Manufacturing) 2 of 5
Type (Divestiture) 1 of 3
State (Indiana) 1 of 2
Country (United States) 5 of 24
Year (2007) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-10 The Walker Group

New Lisbon, Wisconsin, United States

The Walker Group is the preeminent North American designer and manufacturer of high-quality, customer-engineered stainless steel and aluminum liquid transportation systems and stationary engineered products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-03 Allied Energy Company

Birmingham, Alabama, United States

Allied Energy Company LLC through its subsidiaries, is an independent wholesale distributor of ethanol and petroleum‐based refined products, with fuel distribution representing a majority of 2008 projected revenue. The Company also offers nationwide terminal cleaning and petroleum reclamation services, maintains a bio‐diesel production facility and operates a fuel terminaling facility. AEC’s principal place of business is Birmingham, Alabama. AEC has approximately 88 employees.

Buy -
Buyer

Alcentra Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1998
PE ASSETS 540M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Alcentra Capital Corporation is the direct investment arm of asset management firm Alcentra. Alcentra capital looks to provide equity and subordinated debt to middle-market companies throughout North America. The Firm looks to invest $5 to $15 million per transaction in profitable companies with $5 to $15 million of EBITDA. Sectors of interest include healthcare, government services, business services, and defense. Alcentra Capital Corporation was formerly known as BNY Mellon-Alcentra Mezzanine Partners. The Group was originally established in 1998 and is based in New York City.

DEAL STATS #
Overall 25 of 52
Sector (Manufacturing) 3 of 3
Type (Divestiture) 3 of 3
State (Indiana) 1 of 1
Country (United States) 24 of 50
Year (2007) 7 of 7
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 Lectrus

Chattanooga, Tennessee, United States

Lectrus Corp. is a designer and manufacturer of custom metal enclosures and electrical and mechanical integration. The company offers a unique combination of services: custom engineering, project management, integration, site installation, and post-sale customer support.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-23 Nudo Products

Springfield, Illinois, United States

Nudo Products is a custom manufacturers of laminated panels and accessories used in agriculture, telecom, signage, decking, industrial furniture and architectural applications. Nudo laminates wood, plastic, metal, fiberglass, nylon and polycarbonate in a variety of colors and dimensions. Nudo Products was founded in 1954 and is based in Springfield, Illinois.

Buy -

Seller(S) 1

SELLER

Dura

Auburn Hills, Michigan, United States
Category Company
Founded 1990
Sector Automotive
DESCRIPTION

Dura is a designer and manufacturer of driver control systems, seating control systems, glass systems, engineered assemblies, structural door modules and exterior trim systems for the global automotive industry. Dura was founded in 1990 and is based in Auburn Hills, Michigan.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-20 Excel Industries

Elkhart, Indiana, United States

Excel Industries, Inc. is a producer of automobile window assemblies.

Buy $476M
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