M&A Deal Summary

Littlejohn Acquires Wyle

On December 11, 2003, private equity firm Littlejohn acquired information technology company Wyle from Caltius Structured Capital

Acquisition Highlights
  • This is Littlejohn’s 1st transaction in the Information Technology sector.
  • This is Littlejohn’s 9th transaction in the United States.
  • This is Littlejohn’s 1st transaction in California.
Investment Fate
  • Wyle was sold to a consortium of financial buyers in 2009.
  • Wyle was sold to a publicly-traded strategic buyer in 2016 for 570M USD.

M&A Deal Summary

Date 2003-12-11
Target Wyle
Sector Information Technology
Buyer(s) Littlejohn
Sellers(s) Caltius Structured Capital
Deal Type Secondary Buyout

Target

Wyle

El Segundo, California, United States
Wyle, Inc. is a government services contractor focusing primarily on Defense and Federal IT services. The Company services include system engineering, acquisition support, information technology & cyber security, scientific services and test and evaluation services.

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Buyer(S) 1

Buyer

Littlejohn

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 7.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 11 of 66
Sector: Information Technology M&A 1 of 4
Type: Secondary Buyout M&A Deals 1 of 31
State: California M&A 1 of 4
Country: United States M&A 9 of 62
Year: 2003 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-01 Keystone Automotive Operations

Exeter, Pennsylvania, United States

Keystone Automotive Operations, Inc. is a distributor and marketer of specialty aftermarket equipment and accessories. Keystone markets products to serve the following six category segments: truck and off-road; speed and performance; recreational vehicle; towing; wheels, tires and performance handling; and miscellaneous accessories.

Sell $471M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-09 Jerr-Dan

Hagerstown, Maryland, United States

Jerr-Dan Corp. is a manufacturer of towing and recovery equipment. Jerr-Dan offers standard-duty, medium-duty, and heavy-duty wreckers, industrial transporters, car carriers and rotator wreckers.

Sell -

Seller(S) 1

SELLER

Caltius Structured Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Caltius Structured Capital is an investment firm focused on providing junior debt and minority equity to lower middle-market companies throughout North America. The Firm looks to invest between $7 to $50 million in companies with revenues of $15 to $250 million. The Firm pursues a variety of transaction types, including management buyouts, growth financings, and acquisition financings. Sectors of interest include business services, consumer products/services, healthcare services, manufacturing, tech-enabled services, and staffing. Caltius Structured Capital was formed in 1997 and is based in Los Angeles, California.


DEAL STATS #
Overall 2 of 32
Sector: Information Technology M&A 1 of 2
Type: Secondary Buyout M&A Deals 1 of 13
State: California M&A 2 of 8
Country: United States M&A 2 of 32
Year: 2003 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-01 CRC Health

Cupertino, California, United States

CRC Health Group is a provider of treatment and educational programs for addiction and related behavioral health disorders.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-13 Vantage Mobility International

Phoenix, Arizona, United States

Vantage Mobility International is a designer, manufacturer, distributor and marketer of vehicle accessibility products, including van conversions, stowage lifts and accessories for wheelchair and scooter users. Vantage Mobility International was founded in 1987 and is based in Phoenix, Arizona.

Buy -