M&A Deal Summary

Islington Capital Partners Acquires The Main Resource

On April 7, 2011, private equity firm Islington Capital Partners acquired automotive company The Main Resource from KLH Capital

Acquisition Highlights
  • This is Islington Capital Partners’ 1st transaction in the Automotive sector.
  • This is Islington Capital Partners’ 2nd transaction in the United States.
  • This is Islington Capital Partners’ 1st transaction in Florida.
Investment Fate
  • The Main Resource was sold to a strategic buyer in 2014.

M&A Deal Summary

Date 2011-04-07
Target The Main Resource
Sector Automotive
Buyer(s) Islington Capital Partners
Sellers(s) KLH Capital
Deal Type Secondary Buyout

Target

The Main Resource

Sarasota, Florida, United States
The Main Resource is a provider of small replacement parts that are used directly on automobiles as well as replacement parts and accessories for automotive service equipment such as brake lathes, wheel balancers, tire changers, and lifts located in garages, dealerships, and tire services. The Main Resource was founded in 1959 and is based in Sarasota, Florida.

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Buyer(S) 1

Buyer

Islington Capital Partners

Newton Lower Falls, Massachusetts, United States

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Islington Capital Partners is a private investment firm that invests in and acquires smaller, profitable businesses with revenues up to $50 million. Islington generally looks for manufacturing or business services companies located East of the Mississippi River. The Firm's target investment size ranges up to $7 million. Prospective businesses can be family-owned, owner-operated, absentee owned, or divestitures. Islington will not invest in retail, high technology, commodities or real estate. Islington is formed in 2005 and is based in Newton Lower Falls, Massachusetts.


DEAL STATS #
Overall 2 of 2
Sector: Automotive M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Library Systems & Services

Riverside, California, United States

Library Systems & Services is a provider of outsourced library management services to municipalities in the United States. The company provides comprehensive, turnkey management services. Library Systems & Services was founded in 1981 and is based in Riverside, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-01 The Main Resource

Sarasota, Florida, United States

The Main Resource is a provider of small replacement parts that are used directly on automobiles as well as replacement parts and accessories for automotive service equipment such as brake lathes, wheel balancers, tire changers, and lifts located in garages, dealerships, and tire services. The Main Resource was founded in 1959 and is based in Sarasota, Florida.

Sell -

Seller(S) 1

SELLER

KLH Capital

Tampa, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

KLH Capital is a private investment firm focused on smaller company investments in a variety of growing industry sectors. KLH helps provide management teams with capital to facilitate recapitalizations, management buy-outs/buy-ins, family successions, and other ownership transitions. KLH generally pursues companies with $4 to $20 million in pre-tax earnings and will consider opportunities across the US. KLH will not invest in start-ups, high technology, software, biotech, restaurants, retail, real estate development, oil and gas operations, or new construction businesses. KLH Capital is based in Tampa, Florida.


DEAL STATS #
Overall 16 of 30
Sector: Automotive M&A 1 of 1
Type: Secondary Buyout M&A Deals 6 of 14
State: Florida M&A 2 of 6
Country: United States M&A 16 of 30
Year: 2011 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-25 Ground Works Solutions

Lakeland, Florida, United States

Ground Works Solutions is a provider of infrastructure repair and soil stabilization services to the residential, commercial, and industrial markets. Ground Works Solutions was founded in 1990 and is based in Lakeland, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-29 Energy Hardware Holdings

Greer, South Carolina, United States

Energy Hardware is a value-added, global distributor of fasteners, machined parts, seals, and gaskets to the worldwide power generation industry.

Sell -