M&A Deal Summary

KCM Capital Partners, PNC Mezzanine Capital and Harvey & Company Acquire Four State International Trucks

On August 1, 2021, private equity firm KCM Capital Partners, mezzanine finance firm PNC Mezzanine Capital and merchant bank Harvey & Company acquired distribution company Four State International Trucks

Acquisition Highlights
  • This is KCM Capital Partners’ 1st, PNC Mezzanine Capital’s 6th and Harvey & Company’s 3rd transaction in the Distribution sector.
  • This is KCM Capital Partners’ 5th, PNC Mezzanine Capital’s 65th and Harvey & Company’s 56th transaction in the United States.
  • This is KCM Capital Partners’ 1st, PNC Mezzanine Capital’s 3rd and Harvey & Company’s 1st transaction in Missouri.

M&A Deal Summary

Date 2021-08-01
Target Four State International Trucks
Sector Distribution
Buyer(s) KCM Capital Partners
PNC Mezzanine Capital
Harvey & Company
Deal Type Buyout (LBO, MBO, MBI)

Target

Four State International Trucks

Joplin, Missouri, United States
Four State International Trucks is a specialty distributor of aftermarket parts for the heavy-duty truck industry, specializing in chrome accessories and collision repair parts. Four State International Trucks was founded in 1979 and is based in Joplin, Missouri.

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Buyer(S) 3

DESCRIPTION

KCM Capital Partners LLC is a private equity firm focused on investing in lower middle-market business services, value-added distribution, and specialty industrial companies throughout the US. KCM has a preference for 'fundamentals well-positioned' companies undergoing transition or experiencing change. The Firm looks to commit $10 to $50 million per platform investment and will consider transactions valued up to $150 million. KCM Capital Partners LLC was formed in 2017 and is headquartered in Chicago.


DEAL STATS #
Overall 5 of 8
Sector (Distribution) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 6
State (Missouri) 1 of 1
Country (United States) 5 of 7
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-09 Mason West

Placentia, California, United States

Mason West is an engineering/design company that offers seismic restraint and vibration isolation for the installation of HVAC equipment, plumbing, and electrical trades. The company is a manufacturer of flexible hoses, expansion joints, seismic spring mounts, hangers, isolation curbs, and steel frames. Its combination of products and engineering services, unique in the industry, has been optimized to provide customers (design consultants, contractors, and building owners) with everything necessary for a complete, code-compliant seismic design. Mason West was formed in 1973 and is based in Placentia, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Tekleen Automatic Filters

Los Angeles, California, United States

Tekleen Automatic Filters provides automatic, self-cleaning water filtration equipment to a wide variety of industrial, commercial and municipal customers, having sold more than 25,000 filters worldwide while counting many Fortune 500 businesses as key clients. Tekleen Automatic Filters was founded in 1986 and is based in Los Angeles, California.

Buy -
Buyer

PNC Mezzanine Capital

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

PNC Mezzanine Capital is the subordinated debt investing arm of PNC Bank. PNC Mezzanine looks to provide $10 to $50 million of junior capital to middle-market companies in a variety of industries. Prospective companies generally have revenues of $20 million and EBITDA greater than $4 million. Broad sectors of interest include niche manufacturing, value-added distribution, and business or consumer services. PNC will not invest in early-stage or technology-driven businesses; real estate, commodity-based or capital-intensive companies; businesses with high customer or vendor concentration; or declining businesses. PNC Mezzanine was formed in 1989 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 68 of 77
Sector (Distribution) 6 of 8
Type (Buyout (LBO, MBO, MBI)) 33 of 38
State (Missouri) 3 of 3
Country (United States) 65 of 73
Year (2021) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-08 Resource Label Group

Franklin, Tennessee, United States

Resource Label Group is a full-service label company providing custom label design and printing for a wide range of industries. In addition to complete label printing capabilities, our label company offers specialty label customizations. Resource Label Group was established in 1996 and is based in Franklin, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-27 Mellott

Warfordsburg, Pennsylvania, United States

Mellott provides a full spectrum of integrated aggregates processing services and equipment, including equipment and parts distribution, service and repair, engineering and fabrication, as well as contract crushing. The company partners with a diverse range of top-tier customers and has become the trusted, go-to supplier of processing needs for the industry’s largest aggregates producers. Mellott was founded in 1920 and is based in Warfordsburg, Pennsylvania.

Buy -
DESCRIPTION

Harvey & Company is a principal investment and advisory group. The Firm works with companies and private equity firms on acquisition searches as well as makes investments of its own. Harvey & Company was established in 1998 and is headquartered in Newport Beach, California.


DEAL STATS #
Overall 58 of 72
Sector (Distribution) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 22 of 27
State (Missouri) 1 of 1
Country (United States) 56 of 67
Year (2021) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-26 FDS Amplicare

Fort Worth, Texas, United States

FDS Amplicare is a provider of software and technology-enabled data solutions to the healthcare services industry. FDS Amplicare provides health care data services including prescription claims routing, prescription claims reviews & edits, robust data warehousing, e-prescribing, online DME claims processing, claims reconciliation, claims management backend services, patient education programs, and revenue-enhancing programs. FDS Amplicare was founded in 2011 and is based in Fort Worth, Texas.

Sell $177M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-18 Myers EPS

Bethlehem, Pennsylvania, United States

Myers EPS is a designer and manufacturer of backup power solutions for emergency lighting and uninterrupted power supply systems for the cable, traffic, and rail end markets. Myers EPS products include centralized and mini inverters, which supply power to critical end markets during an outage. Myers EPS is based in Bethlehem, Pennsylvania.

Sell -