M&A Deal Summary

Lightspring Capital Partners and Leelanau Private Capital Acquire BSM Wall Systems

On November 1, 2021, private equity firms Lightspring Capital Partners and Leelanau Private Capital acquired construction company BSM Wall Systems

Acquisition Highlights
  • This is Lightspring Capital Partners’ 1st and Leelanau Private Capital’s 2nd transaction in the Construction sector.
  • This is Lightspring Capital Partners’ 3rd and Leelanau Private Capital’s 3rd transaction in the United States.
  • This is Lightspring Capital Partners’ 1st and Leelanau Private Capital’s 1st transaction in Kansas.

M&A Deal Summary
Date 2021-11-01
Target BSM Wall Systems
Sector Construction
Buyer(s) Lightspring Capital Partners
Leelanau Private Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

BSM Wall Systems

Lenexa, Kansas, United States
BSM Wall Systems is a multi-location specialty contractor specializing in installation, wholesale, and retail sales of stone, stucco, brick, block, and masonry products. BSM Wall Systems was founded in 2008 and is based in Lenexa, Kansas.

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Buyer(S) 2

Buyer

Lightspring Capital Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2018
PE ASSETS 193M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Lightspring Capital Partners is a private equity firm that looks to acquire majority positions in profitable lower middle-market companies with $10 to $75 million of revenue. The Firm will consider opportunities throughout the US, but has a preference for businesses in the Midwest. Areas of interest include niche manufacturing, value-added distribution, business services, consumer products, transportation, and logistics. Lightspring Capital Partners is based Chicago, Illinois.

DEAL STATS #
Overall 3 of 9
Sector (Construction) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 3 of 7
State (Kansas) 1 of 1
Country (United States) 3 of 9
Year (2021) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Maxxsonics USA

Libertyville, Illinois, United States

Maxxsonics USA is a designer, manufacturer, and distributor of premium branded audio components. The Company serves a variety of end markets including auto aftermarket, powersports, and marine. Maxxsonics USA was founded in 2001 and is based in Libertyville, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Modern Insulation

Spencer, Wisconsin, United States

Modern Insulation manufacturers of the Weather Blanket brand of cellulose fiber insulation. Modern Insulation is based in Spencer, Wisconsin.

Buy -
Buyer

Leelanau Private Capital

Category Private Equity Firm
Founded 2020
Size Small
Type Sector Agnostic
DESCRIPTION

Leelanau Private Capital (LPC) is a private equity firm focused on control investments in businesses located in the Eastern and Central US. Target companies generally have $10 to $200 million in revenue and $3 to $20 million of EBITDA. LPC typically invests in the manufacturing and distribution sectors, and does not invest in start-ups. Leelanau Private Capital was founded in 2020 and is based in Birmingham, Michigan.

DEAL STATS #
Overall 3 of 4
Sector (Construction) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Kansas) 1 of 1
Country (United States) 3 of 4
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-30 Titanus Cement Wall

Novi, Michigan, United States

Titanus Cement Wall is a construction contractor engaged in the pouring of concrete walls for residential builders in southeast Michigan. Titanus Cement Wall was founded in 1951 and is based in Novi, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-03 Smede-Son Steel & Building Supply

Detroit, Michigan, United States

Smede-Son Steel & Building Supply provides 100 different steel beam sizes and a multitude of building supplies, we pride ourselves on quick, personal, and knowledgeable service with competitive pricing. Smede-Son Steel & Building Supply was founded in 1954 and is based in Detroit, Michigan.

Buy -
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