M&A Deal Summary |
|
|---|---|
| Date | 2024-04-01 |
| Target | United Air Temp |
| Sector | Consumer Services |
| Buyer(s) |
Littlejohn
Audax Private Debt |
| Sellers(s) |
Summit Park
Capitala Group |
| Deal Type | Secondary Buyout |
| Advisor(s) | Citizens Capital Markets (Financial) K&L Gates (Legal) |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 7.8B USD |
| Size | Mega |
| Type | Sector Agnostic |
Littlejohn is a private equity firm that makes control investments in mid-sized companies undergoing change; either in capital structure, strategy, operations, or growth. Littlejohn looks to commit $50 to $250 million of equity, mezzanine, or credit capital in companies with annual revenues of $100 to $800 million. Sectors of interest include industrial equipment, packaging, chemicals, automotive and transportation parts and equipment, food and food processing, healthcare, plastics, aerospace/defense, distribution, environmental and infrastructure services, and consumer products. The Firm avoids investing in real estate, fashion, retail, and businesses engaged in high technology. Littlejohn prefers opportunities located in the US, but also considers opportunities in Europe and Canada. Littlejohn was formed in 1996 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 64 of 66 |
| Sector: Consumer Services M&A | 1 of 1 |
| Type: Secondary Buyout M&A Deals | 29 of 31 |
| State: Virginia M&A | 1 of 1 |
| Country: United States M&A | 60 of 62 |
| Year: 2024 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-30 |
Dana Kepner
Denver, Colorado, United States Dana Kepner is a regional, branch-based distributor of waterworks products (pipes, valves, fittings, meters, etc.). Dana Kepner was formed in 1933 and is based in Denver, Colorado. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-04-23 |
Strategic Materials
Houston, Texas, United States Strategic Materials is a recycled glass processor and independent recycled plastics processor. Strategic Materials reprocesses post-industrial and post-consumer scrap material into recycled products used by manufacturers of bottles, fiberglass, highway beads, plastic bags, and plastic films. Strategic Materials is based in Houston, Texas. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 5.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies with EBITDA between $10 and $100 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations. Audax Private Debt is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 109 of 120 |
| Sector: Consumer Services M&A | 6 of 6 |
| Type: Secondary Buyout M&A Deals | 50 of 58 |
| State: Virginia M&A | 4 of 4 |
| Country: United States M&A | 107 of 118 |
| Year: 2024 M&A | 4 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-02-26 |
Prime Pensions
Florham Park, New Jersey, United States Prime Pensions is an independent provider of retirement plan compliance and administration services primarily to small and medium-sized businesses. Prime Pensions is not affiliated with any investment product provider and does not offer investment advice. Prime Pensions is based in Florham Park, New Jersey. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-04-02 |
Resource Innovations
Half Moon Bay, California, United States Resource Innovations is a provider of demand-side management, energy efficiency, and energy consulting services to utilities and governments. Resource Innovations was founded in 2000 and is based in Half Moon Bay, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| PE ASSETS | 245M USD |
| Size | Small |
| Type | Sector Agnostic |
Summit Park Partners is a private investment firm that acquires lower middle-market companies. Summit Park looks for profitable, established businesses in consumer services, business services, value-added distribution, and light manufacturing. The Firm targets businesses with revenues of $20 to $150 million and EBITDA between $4 and $15 million. Prospective transaction types include recapitalizations, management buyouts, family successions, corporate divestitures, and industry consolidations. Summit's geographic preference is within the Southeast and Mid-Atlantic US. Summit Park was formed in 2005 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 12 |
| Sector: Consumer Services M&A | 1 of 1 |
| Type: Secondary Buyout M&A Deals | 6 of 6 |
| State: Virginia M&A | 1 of 1 |
| Country: United States M&A | 12 of 12 |
| Year: 2024 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-04 |
Michelli Weighing & Measurement
Harahan, Louisiana, United States Michelli Weighing & Measurement is a test and measurement business providing calibration, maintenance, inspection, and installation services and products for industrial weighing equipment, precision measurement devices, and calibration equipment. Michelli Weighing & Measurement was founded in 1947 and is based in Harahan, Louisiana. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-08-14 |
Hylaine
Charlotte, North Carolina, United States Hylaine provides strategic consulting and digital transformation services to enterprise clients across a range of industries, including financial services, insurance, industrial, and healthcare. Hylaine was founded in 2017 and is based in Charlotte, North Carolina. |
Buy | - |
| Category | Asset Manager |
|---|---|
| Founded | 1998 |
| PE ASSETS | 2.2B USD |
| Size | Large |
| Type | Sector Agnostic |
Capitala Group is an asset manager that provides equity and mezzanine capital to mid-sized companies valued up to $250 million. Funds are generally used to support growth needs, add-on acquisitions, management/leveraged buyouts, and recapitalizations. Capitatala will invest across the US, but generally targets opportunities located in the Southeast. Industry preferences include building products, business services, consumer/reteail, general industrial, healthcare, and technology. Prospective companies typically have revenues greater than $10 million and EBITDA of at least $3 million. Capitala was formed in 1998 and is headquartered in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 53 of 56 |
| Sector: Consumer Services M&A | 2 of 2 |
| Type: Secondary Buyout M&A Deals | 19 of 19 |
| State: Virginia M&A | 2 of 2 |
| Country: United States M&A | 52 of 55 |
| Year: 2024 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-26 |
Champion Wellness Centers
Oldsmar, Florida, United States Champion Wellness Centers operates seven wellness centers specializing in comprehensive chiropractic services. In addition to its chiropractic wellness centers, Champion operates an eighth clinic that specializes in multidisciplinary services, including physical therapy, shockwave therapy, trigger point injections and regenerative medicine in addition to chiropractic treatment. Champion Wellness Centers is based in Oldsmar, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-09-11 |
Proactive Dealer Solutions
Huntersville, North Carolina, United States Proactive Dealer Solutions is a multi-faceted service provider for the auto dealership and more broadly the motorized vehicle sector focused on lead management and conversion. Proactive’s services assist auto dealerships with all aspects of their sales organization by providing a full suite of integrated solutions, including hiring/training talent, call monitoring services, performance tracking, and conversion. Proactive Dealer Solutions is based in Huntersville, North Carolina. |
Sell | - |
