M&A Deal Summary

Lincolnshire Management and Goense Capital Partners Acquire Latite Roofing

On December 22, 2010, private equity firms Lincolnshire Management and Goense Capital Partners acquired construction company Latite Roofing

Acquisition Highlights
  • This is Lincolnshire Management’s 2nd and Goense Capital Partners’ 3rd transaction in the Construction sector.
  • This is Lincolnshire Management’s 16th and Goense Capital Partners’ 9th transaction in the United States.
  • This is Lincolnshire Management’s 3rd and Goense Capital Partners’ 2nd transaction in Florida.

M&A Deal Summary
Date 2010-12-22
Target Latite Roofing
Sector Construction
Buyer(s) Lincolnshire Management
Goense Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) CCG Advisors LLC (Financial)

Target

Latite Roofing

Pompano Beach, Florida, United States
Latite Roofing is a roof installation service provider in Florida and one of the major roofing installation companies in the United States. Latite offers new roof installations and re-roofing (replacement roofs) for both residential and commercial buildings. Latite Roofing was founded in 1943 and is based in Pompano Beach, Florida.

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Buyer(S) 2

Buyer

Lincolnshire Management

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Lincolnshire Management, Inc. (LMI) is a private equity firm focused on acquiring small and mid-sized companies in partnership with management. LMI typically targets companies with the majority of business conducted within the US. Prospective companies also have cash-flows of $5 to $50 million and significant opportunities for growth, either internally or through acquisitions. Target transaction situations include corporate divestitures, selling shareholders, and owners desiring liquidity. Lincolnshire Management was formed in 1986 and has office in New York City.

DEAL STATS #
Overall 18 of 32
Sector (Construction) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 14 of 17
State (Florida) 3 of 4
Country (United States) 16 of 29
Year (2010) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-12 Phoenix Brands

Stamford, Connecticut, United States

Phoenix Brands LLC manufactures and distributes home care products including Niagara spray starch, Rit fabric dye, and Final Touch fabric conditioner, and a number of heavy-duty laundry detergent brands, including Fab, Dynamo, Ajax, Fresh Start, Arctic Power, ABC and Cold Power.

Buy $135M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-07 Allison Marine Contractors

Amelia, Louisiana, United States

Allison Marine is a marine outfitting, repair and refurbishment company that provides integrated land based and offshore services to oil and gas operators in the Gulf of Mexico primarily related to platform and rig logistics. The Company’s operations are focused on refurbishment, resale and recycling of platforms and equipment, fixed-priced platform decommissioning project management, and various other offshore support services. Allison Marine Contractors was founded in 1995 and is based in Amelia, Louisiana.

Buy -
Buyer

Goense Capital Partners

Chicago, Illinois, United States

Investor Investor

Category Private Equity Firm
Founded 2008
PE ASSETS 225M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Goense Capital Partners is a private equity firm focused on making control investments alongside management teams in small to mid-sized business service companies. Goense looks for North American businesses with predictable cash-flow ($2 million+ of EBITDA), identifiable growth opportunities, and market segment leadership. Target transaction situations include consolidations, family successions, shareholder liquidity needs, LBOs, MBOs, and growth capital financings. The Firm prefers to be the lead investor and has a target investment size of $1 to $30 million. Goense was formed in 2008 after becoming independent from Goense Bounds & Partners. The Firm is and is based in Chicago, Illinois.

DEAL STATS #
Overall 9 of 11
Sector (Construction) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 5 of 7
State (Florida) 2 of 2
Country (United States) 9 of 11
Year (2010) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-16 Pretium Packaging

St. Louis, Missouri, United States

Pretium Packaging is a provider of custom, high-performance rigid plastic bottles, and containers, serving a diverse base of customers in the food and specialty beverage, healthcare, sports nutrition, personal care, beauty, and household products end markets. Pretium Packaging was established in 1992 and is based in St. Louis, Missouri.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Venturi Restoration

Schaumburg, Illinois, United States

Venturi Restoration is a property reconstruction and renovation industries serving thousands of residential, commercial and multi-family customers from United States. Venturi Restoration was founded in1997 and is based in Schaumburg, Illinois.

Buy -
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