M&A Deal Summary

JLL Partners Acquires Point Blank Enterprises

On June 15, 2015, private equity firm JLL Partners acquired safety/security company Point Blank Enterprises from Sun Capital Partners

Acquisition Highlights
  • This is JLL Partners’ 1st transaction in the Safety/Security sector.
  • This is JLL Partners’ 24th transaction in the United States.
  • This is JLL Partners’ 2nd transaction in Florida.

M&A Deal Summary

Date 2015-06-15
Target Point Blank Enterprises
Sector Safety/Security
Buyer(s) JLL Partners
Sellers(s) Sun Capital Partners
Deal Type Secondary Buyout

Target

Point Blank Enterprises

Pompano Beach, Florida, United States
Point Blank Enterprises' corporate headquarters in Pompano Beach, Florida.
Point Blank Enterprises' corporate headquarters in Pompano Beach, Florida.
Point Blank Enterprises is a provider of protective solutions, including bullet, fragmentation, and stab-resistant apparel and related accessories. Point Blank Enterprises is based in Pompano Beach, Florida.

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Buyer(S) 1

Buyer

JLL Partners

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

JLL Partners, Inc. is a private equity investment firm that invests alongside management in middle-market companies. JLL prefers control investments in sectors such as healthcare services, medical products, food and consumer products, chemicals, broadcasting, transportation, automotive, industrial manufacturing, and distribution. In addition to traditional buyout transaction, JLL also seeks distressed/turnaround situations. JLL Partners was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 25 of 40
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 4 of 9
State (Florida) 2 of 2
Country (United States) 24 of 38
Year (2015) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-08 Patheon BV

Durham, North Carolina, United States

Patheon BV is a global provider of pharmaceutical development and manufacturing services. With approximately 9,000 professionals worldwide, Patheon provides a comprehensive, integrated and highly customizable set of solutions to help clients of all sizes satisfy complex development and manufacturing needs at any stage of the pharmaceutical development cycle. A Healthier World. Delivered.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 Aviation Technical Services

Everett, Washington, United States

Aviation Technical Services (ATS) is a provider of third-party and single-site transport aircraft maintenance, repair, and overhaul services. Aviation Technical Services was founded in 1970 and is based in Everett, Washington.

Buy -

Seller(S) 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 68 of 128
Sector (Safety/Security) 1 of 2
Type (Secondary Buyout) 14 of 33
State (Florida) 5 of 5
Country (United States) 49 of 89
Year (2015) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-09 VPS Convenience Store Group

Wilmington, North Carolina, United States

Village Pantry/ Worsley ('VP C-Store Holding') is an operator of over 400 convenience stores in Indiana, Ohio, and North and South Carolina under the Village Panty, Scotchman, Youngs', S-E and Li'l Cricket names and sells premium fuel as well as its proprietary, Carolina Petro and Anytime Energy, and a large selection of convenience and snack foods.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-07 Fazoli’s

Lexington, Kentucky, United States

Fazoli's is a franchisor and operator of Italian fast casual restaurants in the United States and is positioned to accelerate its growth in the expanding fast casual segment of the restaurant industry. Fazoli's was founded in 1988 and headquartered in Lexington, Kentucky.

Sell -