M&A Deal Summary

Route 2 Capital Partners and Latitude 27 Capital Acquire JK Findings

On May 7, 2020, mezzanine finance firm Route 2 Capital Partners and private equity firm Latitude 27 Capital acquired consumer products company JK Findings

Acquisition Highlights
  • This is Route 2 Capital Partners’ 2nd and Latitude 27 Capital’s 1st transaction in the Consumer Products sector.
  • This is Route 2 Capital Partners’ 5th and Latitude 27 Capital’s 1st transaction in the United States.
  • This is Route 2 Capital Partners’ 1st and Latitude 27 Capital’s 1st transaction in New York.

M&A Deal Summary

Date 2020-05-07
Target JK Findings
Sector Consumer Products
Buyer(s) Route 2 Capital Partners
Latitude 27 Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

JK Findings

Rochester, New York, United States
JK Findings is a designer, manufacturer, and wholesaler of jewelry components, also known as findings. JK Findings was founded in 1975 and is based in Rochester, New York.

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Buyer(S) 2

Buyer
DESCRIPTION

Route 2 Capital Partners is a private investment firm that provides flexible financing solutions in the form of equity and mezzanine capital. The Firm looks to commit $3 to $20 million per transaction to support acquisitions, buyouts, growth capital, recapitalizations, and shareholder liquidity needs. Route 2 prefers investing in profitable companies (> $2 million of EBITDA) located in the Southern US. Sectors of interest include business services, healthcare services, niche manufacturing, and specialty distribution. Route 2 Capital Partners was formed in 2016 and is headquartered in Charleston, South Carolina.


DEAL STATS #
Overall 5 of 10
Sector: Consumer Products M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 5
State: New York M&A 1 of 1
Country: United States M&A 5 of 10
Year: 2020 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-05 Reliance Aircraft International

Austin, Texas, United States

Reliance Aircraft International is an aftermarket commercial and military airframe/engine spare parts supply company. Reliance Aircraft International was founded in 2011 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-30 Big Dot of Happiness

Menomonie, Wisconsin, United States

Big Dot of Happiness designs, manufactures, distributes and markets high-end party supplies that are sold directly to the consumer, primarily via eCommerce platforms. Big Dot of Happiness was founded in 1999 and is based in Menomonie, Wisconsin.

Buy -
DESCRIPTION

Latitude 27 Capital is a private equity group focused on acquiring small to mid-sized businesses looking for an investment partner. The Firm targets profitable companies with at least $1.5 million of EBITDA and meaningful barriers to entry. Sectors of interest include manufacturing, value-added distribution, business services, and medical products. Latitude 27 Capital was formed in 2019 and is based in Sarasota, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1