M&A Deal Summary

Kissel Capital Acquires Contour Glass

On June 24, 2023, private equity firm Kissel Capital acquired manufacturer Contour Glass from Cardinal Equity Partners

Acquisition Highlights
  • This is Kissel Capital’s 1st transaction in the Manufacturing sector.
  • This is Kissel Capital’s 1st transaction in the United States.
  • This is Kissel Capital’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2023-06-24
Target Contour Glass
Sector Manufacturing
Buyer(s) Kissel Capital
Sellers(s) Cardinal Equity Partners
Deal Type Secondary Buyout

Target

Contour Glass

Surgoinsville, Tennessee, United States
Contour Glass is a niche fabricator – cutting, drilling, screen printing, and tempering of glass parts primarily for appliance manufacturers and suppliers. Contour Glass was founded in 1985 and is headquartered in Surgoinsville, Tennessee.

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Buyer(S) 1

DESCRIPTION

Kissel Capital is a private equity firm specializing in management-led recapitalizations and buyouts of lower-middle-market companies throughout the US and Canada. The Firm looks for companies operating in the industrial services, industrial technology, building products, and business services sectors. Kissel Capital was founded in 2022 and is headquartered in Zionsville, Indiana.


DEAL STATS #
Overall 2 of 3
Sector: Manufacturing M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-01 Royal Camp Services

Edmonton, Alberta, Canada

Royal Camp Services is a provider of workforce accommodations, catering, and complementary services to customers operating in the oil, natural gas, and mining industries in western Canada. Royal Camp Services was founded in 1991 and is based in Edmonton, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Safety Boss

Calgary, Alberta, Canada

Safety Boss provides comprehensive safety prevention, detection, and response services for the Oil and Gas, Manufacturing, and Construction Industries. Safety Boss was founded in 1956 and is headquartered in Calgary, Alberta.

Buy -

Seller(S) 1

SELLER

Cardinal Equity Partners

Indianapolis, Indiana, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1993
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Cardinal Equity Partners is a privately owned partnership that targets investments in lower middle-market businesses headquartered in the central portion of the US. Cardinal looks for light manufacturing, distribution, or service businesses with $5 to $50 million in revenue and at least $1 million of EBITDA. Prospective transaction situations include management buyouts, recapitalizations, family successions, and corporate spin-offs. Cardinal prefers businesses with proven management, recurring revenue, and no major customer concentration issues. Cardinal will not invest in software, heavy manufacturing, automotive, consulting, or companies with a significant percentage of non-US sales. Cardinal Equity Partners was formed in 1993 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 14 of 17
Sector: Manufacturing M&A 2 of 2
Type: Secondary Buyout M&A Deals 4 of 5
State: Tennessee M&A 1 of 1
Country: United States M&A 14 of 17
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-13 EastPoint Sports

Succasunna, New Jersey, United States

EastPoint Sports designs, sources, and distributes indoor and outdoor home recreational products through mass retail and e-commerce channels. The EastPoint Sports family of brands includes Go! Gater, Majik, Rec-Tek, Classic Sport, Narwhal, NHL, HEAD, PENN, Kan Jam, and Pro-Line Tailgating. EastPoint Sports was founded in 2009 and is based in Succasunna, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-25 Poly Wood

Syracuse, Indiana, United States

Poly Wood is a manufacturer of eco-friendly outdoor furniture and accessories, mostly made from HDPE recycled plastic lumber or aluminum. Poly Wood was founded in 1990 and is based in Syracuse, Indiana.

Sell -