M&A Deal Summary |
|
|---|---|
| Date | 2011-11-02 |
| Target | Vermont Composites |
| Sector | Manufacturing |
| Buyer(s) | Kaman |
| Sellers(s) | Convergent Capital Partners |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Dentons (Legal) |
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Kaman conducts business in the aerospace & defense, industrial, and medical markets. The company produces and markets proprietary aircraft bearings and components; super precision, miniature ball bearings; proprietary spring energized seals, springs, and contacts; wheels, brakes, and related hydraulic components for helicopters, fixed-wing, and UAV aircraft; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; safe and arming solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; restoration, modification, and support of its SH-2G Super Seasprite maritime helicopters; support of its heavy lift K-MAX manned helicopter; and development of the KARGO UAV unmanned aerial system, a purpose-built autonomous medium lift logistics vehicle. Kaman was formed in 1945 and is based in Bloomfield, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 19 |
| Sector (Manufacturing) | 1 of 3 |
| Type (Add-on Acquisition) | 11 of 17 |
| State (Vermont) | 1 of 1 |
| Country (United States) | 6 of 13 |
| Year (2011) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-10-14 |
Plains Bearing
Lubbock, Texas, United States Plains Bearing Corp. is a full line bearing and power transmission distributor with one location in Lubbock, Texas. Plains Bearing serves a broad range of customers in West Texas, primarily in the food processing, petrochemical and agriculture industries. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-12-19 |
Catching FluidPower
Bolingbrook, Illinois, United States Catching FluidPower, Inc. is a distributor of fluid power products based in Bolingbrook, Illinois. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 400M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Convergent Capital is a private investment firm that provides growth and debenture financing to late-stage growth companies. Convergent prefers to commit $3 to $12 million per transaction in businesses with at least $10 million in revenues. Convergent is a generalist investor and will consider businesses in a wide range of industries. Investment funds are typically used to assist growth, but the firm can also structure investments around buyouts, recapitalizations, consolidations, and add-on acquisitions. Convergent is licensed as a SBIC. Convergent Capital was formed in 1999 and is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 21 of 42 |
| Sector (Manufacturing) | 4 of 6 |
| Type (Add-on Acquisition) | 5 of 13 |
| State (Vermont) | 1 of 1 |
| Country (United States) | 21 of 42 |
| Year (2011) | 5 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-10-07 |
Clinkenbeard
South Beloit, Illinois, United States Clinkenbeard & Associates, Inc. offers prototyping and production of complex cast and machined parts for the aerospace, heavy truck, industrial, power generation, and agriculture markets. Clinkenbeard produces part quantities that range from a single unit to low volume production. Clinkenbeard & Associates was founded in 1966 and is based in South Beloit, Illinois. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-12-01 |
United Record Pressing
Nashville, Tennessee, United States United Record Pressing is a provider of services relating to record production including vinyl record pressing, plating, lacquer mastering, jacket and label printing, packaging, and fulfillment. United Record Pressing was founded in 1962 and is based in Nashville, Tennessee. |
Sell | - |
