M&A Deal Summary

KLH Capital, Equis Capital Partners and Salem Investment Partners Acquire Data Display Systems

On May 29, 2015, private equity firm KLH Capital, private equity firm Equis Capital Partners and mezzanine finance firm Salem Investment Partners acquired electronics company Data Display Systems

Acquisition Highlights
  • This is KLH Capital’s 1st, Equis Capital Partners’ 1st and Salem Investment Partners’ 1st transaction in the Electronics sector.
  • This is KLH Capital’s 50th, Equis Capital Partners’ 5th and Salem Investment Partners’ 23rd transaction in the United States.
  • This is KLH Capital’s 1st, Equis Capital Partners’ 1st and Salem Investment Partners’ 3rd transaction in Pennsylvania.

M&A Deal Summary

Date 2015-05-29
Target Data Display Systems
Sector Electronics
Buyer(s) KLH Capital
Equis Capital Partners
Salem Investment Partners
Deal Type Recapitalization

Target

Data Display Systems

Philadelphia, Pennsylvania, United States
Data Display Systems is a provider of electronic video, audio, and lighting solutions to the point-of-purchase (“POP”) displays and fixtures markets. Data Display Systems was founded in 1968 and is based in Philadelphia, Pennsylvania.

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Buyer(S) 3

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 50 of 67
Sector (Electronics) 1 of 1
Type (Recapitalization) 26 of 38
State (Pennsylvania) 1 of 2
Country (United States) 50 of 67
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-07 BluSky Restoration

Centennial, Colorado, United States

BluSky Restoration is a provider of commercial, industrial, governmental, and multi-family restoration, renovation, environmental, and roofing services with an emphasis on commercial, large losses, and emergency restoration services across the continental United States. BluSky Restoration was founded in 2004 and is based in Centennial, Colorado.

Buy -
FOLLOWING 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 -
Buyer

Equis Capital Partners

Hoboken, New Jersey, United States

Investor Investor


Category Private Equity Firm
Founded 2002
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Equis Capital Partners LLC is a private equity group focused on small to mid-sized company investments in the manufacturing, consumer products, and services sectors. Equis looks to partner with existing management when pursuing transactions. Target companies typically have revenues of $10 to $100 million and EBITDA of $3 to $10 million. The Firm will not invest in stage, high tech, or turnaround situations. Equis was formed in 2002 and is based in Hoboken, New Jersey.


DEAL STATS #
Overall 5 of 5
Sector (Electronics) 1 of 1
Type (Recapitalization) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 5 of 5
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-03 Orthofeet

Norwood, New Jersey, United States

Orthofeet is a designer and manufacturer of orthopedic shoes and custom orthotics primarily serving the diabetic market. Orthofeet was formed in 1984 and is based in Norwood, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-15 Orthofeet

Norwood, New Jersey, United States

Orthofeet is a designer and manufacturer of orthopedic shoes and custom orthotics primarily serving the diabetic market. Orthofeet was formed in 1984 and is based in Norwood, New Jersey.

Sell -
DESCRIPTION

Salem Investment Partners specializes in debt and equity investments in privately-held, middle-market businesses across the Southeast and Mid-Atlantic regions of the US. Salem looks to invest $2 to $10 million per transaction to help support growth, acquisitions, recapitalizations, and buyouts. Sectors of interest include business services, light manufacturing, consumer products, and distribution. Salem Investment Partners was formed in 1999 and is based in Greensboro, North Carolina.


DEAL STATS #
Overall 23 of 58
Sector (Electronics) 1 of 2
Type (Recapitalization) 3 of 5
State (Pennsylvania) 3 of 3
Country (United States) 23 of 58
Year (2015) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-28 Linxx Global Solutions

Virginia Beach, Virginia, United States

Linxx Global Solutions provides human resource services. Linxx offers training, security, professional staffing, and program management services. Linxx Global Solutions was established in 2006 and is based in Virginia Beach, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Century Resources

Columbus, Ohio, United States

Century Resources provides a full-service fundraising program to middle and high school student groups through a 5-Step Plan in order to reach their fundraising goals. Century Resources was established in 1978 and is based in Columbus Ohio.

Buy -