M&A Deal Summary

KLH Capital Acquires BMI Merchandise

On June 27, 2016, private equity firm KLH Capital acquired distribution company BMI Merchandise

Acquisition Highlights
  • This is KLH Capital’s 9th transaction in the Distribution sector.
  • This is KLH Capital’s 51st transaction in the United States.
  • This is KLH Capital’s 5th transaction in New Jersey.

M&A Deal Summary
Date 2016-06-27
Target BMI Merchandise
Sector Distribution
Buyer(s) KLH Capital
Deal Type Recapitalization

Target

BMI Merchandise

Lakewood, New Jersey, United States
BMI Merchandise is a distributor of merchandise used in redemption centers, direct-pay games, tickets or points-to-prizes games, and prize hubs located in family entertainment centers (“FEC”), amusement arcades, bowling centers, restaurants, cruise ships, movie theaters, theme parks, skating centers, and sports complexes. BMI Merchandise is based in Lakewood, New Jersey.

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Buyer(S) 1

Buyer

KLH Capital

Tampa, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

KLH Capital is a private investment firm focused on smaller company investments in a variety of growing industry sectors. KLH helps provide management teams with capital to facilitate recapitalizations, management buy-outs/buy-ins, family successions, and other ownership transitions. KLH generally pursues companies with $4 to $20 million in pre-tax earnings and will consider opportunities across the US. KLH will not invest in start-ups, high technology, software, biotech, restaurants, retail, real estate development, oil and gas operations, or new construction businesses. KLH Capital is based in Tampa, Florida.

DEAL STATS #
Overall 51 of 67
Sector (Distribution) 9 of 9
Type (Recapitalization) 27 of 38
State (New Jersey) 5 of 6
Country (United States) 51 of 67
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-25 Federal Resources

Stevensville, Maryland, United States

Federal Resources is a supplier of highly technical safety and security solutions primarily serving the U.S. military, federal government, and state and local first responders. The company offers procurement & distribution expertise as a provider of technical solutions for highly attractive growth segments of defense, Homeland Security, and first responder markets. It also offers differentiated life cycle sustainment, including consultative support services that create a network of valuable offerings throughout a customer's mission life cycle, including guidance through complex government procurement processes. Federal Resources' end markets include CBRNE (chemical, biological, radiological, nuclear & explosive, and emergency preparedness), C4ISR (command, control, communications, computers, intelligence, and surveillance & reconnaissance), and MRO (maintenance, repair, and operations). Federal Resources was formed in 1986 and is based in Stevensville, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-01 Ans Distributing

Tucson, Arizona, United States

Ans Distributing, Inc. is a full-line distributor of petroleum handling equipment for petroleum marketers (from single-site service stations to national chains), wholesalers, and technicians. The company offers its customers a complete range of custom-designed systems for both maintenance and construction needs.

Sell -
Mergr

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