M&A Deal Summary

Kaho Partners and Route 2 Capital Partners Acquire Addtronics

On October 19, 2022, private equity firm Kaho Partners and mezzanine finance firm Route 2 Capital Partners acquired business services company Addtronics

Acquisition Highlights
  • This is Kaho Partners’ 1st and Route 2 Capital Partners’ 1st transaction in the Business Services sector.
  • This is Kaho Partners’ 4th and Route 2 Capital Partners’ 8th transaction in the United States.
  • This is Kaho Partners’ 1st and Route 2 Capital Partners’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2022-10-19
Target Addtronics
Sector Business Services
Buyer(s) Kaho Partners
Route 2 Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Addtronics

Charlotte, North Carolina, United States
Addtronics is a mission-driven holding company dedicated to acquiring, empowering, and growing robotic automation solution providers. Addtronics was founded in 2022 and is based in Charlotte, North Carolina.

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Buyer(S) 2

DESCRIPTION

Kaho Partners is a specialist private equity firm focused on niche manufacturing and industrial technology companies. The Firm seeks long-term partnerships with founder and family owned businesses to invest in capital expansion, teams, and add-on acquisitions. Kaho Partners is based in New York, New York


DEAL STATS #
Overall 4 of 5
Sector: Business Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 3
State: North Carolina M&A 1 of 1
Country: United States M&A 4 of 5
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-04 Premier Outdoor Living

Chicago, Illinois, United States

Premier Outdoor Living is a manufacturer of premier synthetic outdoor building products and synthetic outdoor furniture. Premier Outdoor Living was founded in 2021 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-15 Kenny’s Great Pies

Smyrna, Georgia, United States

Kenny's Great Pies is a manufacturer of branded and private-label premium pies and pie fillings sold through grocery stores, distributors, chain restaurants, and convenience stores. Kenny’s Great Pies was founded in 1989 and is based in Smyrna, Georgia.

Sell -
Buyer
DESCRIPTION

Route 2 Capital Partners is a private investment firm that provides flexible financing solutions in the form of equity and mezzanine capital. The Firm looks to commit $3 to $20 million per transaction to support acquisitions, buyouts, growth capital, recapitalizations, and shareholder liquidity needs. Route 2 prefers investing in profitable companies (> $2 million of EBITDA) located in the Southern US. Sectors of interest include business services, healthcare services, niche manufacturing, and specialty distribution. Route 2 Capital Partners was formed in 2016 and is headquartered in Charleston, South Carolina.


DEAL STATS #
Overall 8 of 10
Sector: Business Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 5
State: North Carolina M&A 1 of 1
Country: United States M&A 8 of 10
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-03 Intrepid Solutions and Services

Herndon, Virginia, United States

Intrepid Solutions and Services is a provider of enterprise IT, data analysis, and operational training services exclusively to customers in the U.S. Intrepid Solutions and Services was founded in 2008 and is based in Herndon, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-14 SPG

Atlanta, Georgia, United States

SPG manufactures and supplies commercial-grade, steel, stainless steel, and aluminum materials handling and storage products used in a variety of end-markets including industrial distribution, food service, and grocery and convenience stores. It primarily sells to the domestic locations of leading industrial distributors, quick-service restaurant brands and franchisees, big box retailers, and convenience stores, working directly with customers to engineer custom storage and material handling solutions. SPG was founded in 2010 and is based in Atlanta, Georgia.

Buy -