M&A Deal Summary

JMC Capital Partners and GarMark Partners Acquire Phoenix Products

On September 6, 2018, private equity firm JMC Capital Partners and mezzanine finance firm GarMark Partners acquired electrical equipment company Phoenix Products

Acquisition Highlights
  • This is JMC Capital Partners’ 1st and GarMark Partners’ 2nd transaction in the Electrical Equipment sector.
  • This is JMC Capital Partners’ 3rd and GarMark Partners’ 25th transaction in the United States.
  • This is JMC Capital Partners’ 1st and GarMark Partners’ 3rd transaction in Wisconsin.

M&A Deal Summary

Date 2018-09-06
Target Phoenix Products
Sector Electrical Equipment
Buyer(s) JMC Capital Partners
GarMark Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Phoenix Products

Milwaukee, Wisconsin, United States
Phoenix Products is a manufacturer of rugged industrial lighting products. Phoenix Products was founded in 1892 and is based in Milwaukee, Wisconsin.

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Buyer(S) 2

Buyer

JMC Capital Partners

Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 206M USD
Size Small
Type Sector Agnostic
DESCRIPTION

JMC Capital Partners is an operationally oriented private equity firm focused on acquiring and building niche companies in fragmented industries. The Firm pursues platform companies with $5 to $35 million in revenue and will consider opportunities throughout North America. Sectors of interest include specialty packaging, test/measurement devices, ruggedized devices, building automation, thermal management, air & liquid filtration, fluid handling, smart city hardware, specialty coatings, process instrumentation, and industrial valves. JMC Capital Partners was established in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 3 of 6
Sector (Electrical Equipment) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 5
State (Wisconsin) 1 of 1
Country (United States) 3 of 6
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-17 Source Code

Milford, Massachusetts, United States

Source Code is a provider of custom manufactured computer solutions, computer component sourcing, and distribution services throughout the Northeast and Midwest. Source Code was founded in 1992 and is based in Milford, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-04 SFE Partners

Woburn, Massachusetts, United States

SFE Partners is a provider of revenue and B2B sales consulting services to the technology sector and private equity portfolio companies. SFE Partners is focused on driving sales efficiency for SaaS, technology, and private equity firms. SFE Partners was founded in 2006 and is based in Woburn, Massachusetts.

Buy -
Buyer

GarMark Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GarMark Partners is a private investment firm that makes debt and equity investments in a wide range of companies. The Firm invests in businesses at various stages of development to facilitate acquisitions, divestitures, recapitalizations, turnarounds or growth. Garmark typically invests between $5 and $30 million with an EBITDA $3 and $25 million. The firm prefers to invest in the sectors of manufacturing/industrial products, distribution, business services, consumer brands, food/nutrition products, transportation, healthcare, retail, and restaurants. GarMark Partners was formed in 1997 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 27 of 34
Sector (Electrical Equipment) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 9 of 10
State (Wisconsin) 3 of 3
Country (United States) 25 of 32
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-13 Esp Associates

Fort Mill, California, United States

Esp Associates is a multi-discipline professional services firm providing engineering, surveying, and planning services to a variety of public and private clients. ESP’s services cover a wide variety of end markets including transportation, public safety, land development, and energy. Esp Associates was founded in 1986 and is based in Fort Mill, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-06 Pro-Vision Video Systems

Byron Center, Michigan, United States

Pro-Vision Video Systems design manufactures, and installs rugged rear vision and video recording systems, body-worn cameras, and video management software for commercial, law enforcement, and transit applications. Pro-Vision Video Systems was founded in 2003 and is based in Byron Center, Michigan.

Buy -