M&A Deal Summary

Knox Lane Acquires Elevation Labs

On June 30, 2022, growth capital firm Knox Lane acquired consumer products company Elevation Labs from Clearview Capital and Brookside Capital Partners

Acquisition Highlights
  • This is Knox Lane’s 1st transaction in the Consumer Products sector.
  • This is Knox Lane’s 5th transaction in the United States.
  • This is Knox Lane’s 1st transaction in Idaho.

M&A Deal Summary

Date 2022-06-30
Target Elevation Labs
Sector Consumer Products
Buyer(s) Knox Lane
Sellers(s) Clearview Capital
Brookside Capital Partners
Deal Type Secondary Buyout
Advisor(s) William Blair (Financial)
Alston & Bird (Legal)

Target

Elevation Labs

Idaho Falls, Idaho, United States
Elevation Labs is a formulator and manufacturer of innovative skincare and color cosmetic products for prestige beauty brands. Elevation Labs is a rapidly growing manufacturer of high-quality personal care products with unique capabilities in the formulation of natural and organic products. Elevation Labs was founded in 1995 and is based in Idaho Falls, Idaho.

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Buyer(S) 1

Buyer

Knox Lane

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2019
PE ASSETS 1.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Knox Lane is a private equity firm that seeks investments in middle-market, growth-oriented companies operating in the consumer and services sectors. The Firm looks to partner with founders and management teams and will consider opportunities throughout the US. Knox Lane was established in 2019 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 5 of 8
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Idaho) 1 of 1
Country (United States) 5 of 8
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-07 Spectrum Science

Washington, District of Columbia, United States

Spectrum Science is an integrated marketing, communications, and media agency with end-to-end capabilities. The company's team are experts in science focused on strategic engagements with our audiences. It leverage human-centered insights, motivating creative, innovative storytelling and technology to reach audiences where they are with the content they need and want. Spectrum Science was founded in 1996 and is based in Washington, District of Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-07 Ruppert

Laytonsville, Maryland, United States

Ruppert is a family and employee-owned business that provides commercial landscaping services. The company has grown to become a top-10 player in the industry through its dedication to exceptional professionalism and best-in-class operations. It currently serves over 3,500 customers throughout the Northeast, Mid-Atlantic, and Southeastern U.S. Ruppert was founded in 1976 and is based in Laytonsville, Maryland.

Buy -

Seller(S) 2

SELLER

Clearview Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 645M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Clearview Capital LLC is a private equity firm that targets investments in North American companies with operating profits between $4 and $20 million. Sectors of interest include general manufacturing, plastics, food processing, furniture, education, healthcare, outsourcing, distribution, oil field services, consumer products, and industrial. The Firm prefers majority investment situations in transaction types that include corporate divestitures, management buyouts, and ownership transfers of closely-held companies. Clearview Capital was formed in 1999 and has offices in Connecticut, California.


DEAL STATS #
Overall 23 of 24
Sector (Consumer Products) 2 of 2
Type (Secondary Buyout) 17 of 17
State (Idaho) 1 of 1
Country (United States) 23 of 24
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 Community Medical Services

Scottsdale, Arizona, United States

Community Medical Services is a provider of medication-assisted treatment (“MAT”) programs for patients suffering from substance use disorders. Operating across four states, the Company provides services to more than 4,000 individuals from 14 comprehensive treatment centers, including the nation’s first 24-hour Opioid Treatment Program. Community Medical Services was founded in 1983 and is based in Scottsdale, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-26 Capitol Services

Austin, Texas, United States

Capitol Services is a provider of outsourced legal and compliance services to law firms and corporate clients. Capitol Services was founded in 1978 and is based in Austin, Texas.

Buy -
SELLER

Brookside Capital Partners

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Brookside Capital Partners is an investment management firm focused on stable lower-middle market companies in the US. The Firm typically commits $5 to $30 million per transaction to support buyouts, leveraged recapitalizations, strategic acquisitions and growth. Potential businesses generally have revenue greater than $15 million, and EBITDA of at least $4 million. Industries of interest include business services, consumer, distribution, healthcare, manufacturing, and transportation and logistics. Brookside Capital Partners was established in 2001 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 17 of 24
Sector (Consumer Products) 2 of 2
Type (Secondary Buyout) 10 of 13
State (Idaho) 1 of 1
Country (United States) 17 of 24
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-24 Adams

Gonzales, Texas, United States

Adams is a full-service dry and wet flavor manufacturer and distributor of seasonings, spices, panko, extracts, and food coloring. Adams was founded in 1888 and is based in Gonzales, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-21 FCA Packaging

Moline, Illinois, United States

FCA Packaging is a provider of custom industrial packaging that includes wood, steel, corrugated and hybrid products, as well as expendable, reusable, and returnable solutions. FCA Packaging was founded in 1985 and is based in Moline, Illinois.

Sell -