M&A Deal Summary

Keystone Capital Acquires KENDELL

On June 1, 2019, private equity firm Keystone Capital acquired distribution company KENDELL

Acquisition Highlights
  • This is Keystone Capital’s 1st transaction in the Distribution sector.
  • This is Keystone Capital’s 25th transaction in the United States.
  • This is Keystone Capital’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2019-06-01
Target KENDELL
Sector Distribution
Buyer(s) Keystone Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

KENDELL

Mendota Heights, Minnesota, United States
KENDELL is a value-added distributor of door openings, door hardware, and related access control products for institutional and commercial applications in the built environment. KENDELL was founded in 1981 and is based in Mendota Heights, Minnesota.

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Buyer(S) 1

Buyer

Keystone Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Keystone Capital is a private equity firm focused on acquiring family businesses, corporate divestitures, industry consolidations, and special situations. Keystone prefers lower middle-market, US-based businesses with EBITDA of $5 to $20 million. Target sectors include specialty manufacturing, business services/outsourcing, food processing and ingredients, publishing, instrumentation, optical components, and healthcare products/services. Keystone will not invest in start-ups, turnarounds, commodities, defense/government contractors, retail stores, or restaurants. Keystone Capital was formed in 1994 and is based in Chicago, Illinois.


DEAL STATS #
Overall 25 of 40
Sector: Distribution M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 9
State: Minnesota M&A 1 of 2
Country: United States M&A 25 of 39
Year: 2019 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-05 Target Engineering Group

Coral Gables, Florida, United States

Target Engineering Group, Inc. is a provider of construction management, professional engineering, and construction inspection services. Target Engineering Group, Inc. was founded in 1999 and is based in Coral Gables, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-20 Avalon Precision Metalsmiths

Cleveland, Ohio, United States

Avalon Precision Metalsmiths is a full-service turnkey casting platform. These castings are supplied to leading US customers in the aerospace, defense, HVAC, power, agriculture, oil & gas end markets. Avalon Precision Metalsmiths was founded in 1945 and is based in Cleveland, Ohio.

Sell -