M&A Deal Summary

Irving Place Capital and Trinity Hunt Partners Acquire Coker Group

On December 4, 2018, private equity firms Irving Place Capital and Trinity Hunt Partners acquired automotive company Coker Group

Acquisition Highlights
  • This is Irving Place Capital’s 4th and Trinity Hunt Partners’ 2nd transaction in the Automotive sector.
  • This is Irving Place Capital’s 39th and Trinity Hunt Partners’ 22nd transaction in the United States.
  • This is Irving Place Capital’s 1st and Trinity Hunt Partners’ 1st transaction in Georgia.

M&A Deal Summary
Date 2018-12-04
Target Coker Group
Sector Automotive
Buyer(s) Irving Place Capital
Trinity Hunt Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Coker Group

Alpharetta, Georgia, United States
Coker Group is a provider of Coker Tire, Wheel Vintiques, Universal Vintage Tire, Phoenix Race Tires, Specialty Wheel, and Roadster Wire Wheel brands. Coker Group was founded in 1987 and is based in Alpharetta, Georgia.

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Buyer(S) 2

Buyer

Irving Place Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 4.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Irving Place Capital (formerly Bear Stearns Merchant Banking) is an independent private equity firm focused on making investments in middle-market companies located in North America and Western Europe. Irving primarily looks for opportunities in the retail, financial services, consumer products and packaging sectors, but will also consider investments in other traditional and service based businesses such as restaurants, transportation/logistics, healthcare, energy, and industrial products/services. The Firm's target investment size is $50 to $250 million of equity capital and EBITDA in excess of $7 million. Prospective transaction situations include traditional management buyouts, growth capital financings, divestitures, consolidations, and recapitalizations. Irving Place is based in New York City.

DEAL STATS #
Overall 48 of 49
Sector (Automotive) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 15 of 15
State (Georgia) 1 of 1
Country (United States) 39 of 40
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 Caribbean Financial Group

Guaynabo, Puerto Rico

Caribbean Financial Group is a regional consumer finance company offering unsecured personal loans, sales finance, and related credit insurance products to middle-income individuals in the Caribbean and Central America. Caribbean Financial operates retail storefronts in Panama, Aruba, the Netherlands Antilles, Trinidad & Tobago, and Mexico.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-13 Pet Supplies Plus

Livonia, Michigan, United States

Pet Supplies Plus is a pet specialty retailer in the United States by total system sales, providing a wide variety of pet food, treats, hard goods and services for dogs, cats, and small animals. Pet Supplies Plus was founded in 1988 and is based in Livonia, Michigan.

Sell -
Buyer

Trinity Hunt Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Trinity Hunt Partners is a private equity firm focused on investing in lower middle-market companies throughout US. Trinity targets established companies with EBITDA of $4 to $25 million and investment size between $15 and $70 million of equity invested into each portfolio company. Specific areas of interest include business, healthcare, and consumer services. The Firm focuses on majority and significant minority recapitalizations, buy-and- builds, management buyouts. Trinity Hunt Partners was founded in 1993 and is based in Dallas, Texas.

DEAL STATS #
Overall 23 of 42
Sector (Automotive) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 16 of 25
State (Georgia) 1 of 2
Country (United States) 22 of 40
Year (2018) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-22 VRC Investigations

Dallas, Texas, United States

VRC Investigations is an investigative professional services firm specializing in all aspects of insurance and corporate defense investigations, including full-service SIU (special investigation unit), surveillance, social media checks, hospital canvass, compliance, claims investigations, training and consultations. VRC Investigations was founded in 1995 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Forensic Engineering Services

Arlington, Texas, United States

Forensic Engineering Services is a full-service provider of ligation-focused forensic engineering services primarily in the areas of premises liability and safety engineering, accident reconstruction and construction defect analysis. Forensic Engineering Services is based in Arlington, Texas.

Buy -
Mergr

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