M&A Deal Summary

Littlejohn Capital and Plexus Capital Acquire ArmorWorks

On December 1, 2014, private equity firms Littlejohn Capital and Plexus Capital acquired aerospace company ArmorWorks

Acquisition Highlights
  • This is Littlejohn Capital’s 1st and Plexus Capital’s 3rd transaction in the Aerospace sector.
  • This is Littlejohn Capital’s 2nd and Plexus Capital’s 59th transaction in the United States.
  • This is Littlejohn Capital’s 1st and Plexus Capital’s 1st transaction in Arizona.

M&A Deal Summary

Date 2014-12-01
Target ArmorWorks
Sector Aerospace
Buyer(s) Littlejohn Capital
Plexus Capital
Deal Type Recapitalization

Target

ArmorWorks

Chandler, Arizona, United States
ArmorWorks is a developer and manufacturer of advanced survivability solutions including vehicle and aircraft armor systems, blast attenuating seating systems, body armor, and high-value asset security systems. ArmorWorks was founded in 1996 and is based in Chandler, Arizona.

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Buyer(S) 2

DESCRIPTION

Littlejohn Capital is a private equity firm focused on control investments in profitable, lower middle-market companies valued up to $75 million. The Firm has a particular interest in family owned companies undergoing generational transition. Preferred industries include manufacturing, fabrication, processing, logistics, materials, and services. Littlejohn will not invest in retail, consumer products, fashion, gambling, start up technologies and biotechnology. Littlejohn Capital was formed by Angus C Littlejohn, founder of Littlejohn & Co., a mega-sized investment firm headquartered in Greenwich, Connecticut. Littlejohn Capital is based in Savannah, Georgia.


DEAL STATS #
Overall 2 of 6
Sector: Aerospace M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 1
State: Arizona M&A 1 of 1
Country: United States M&A 2 of 6
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-27 Hospitality Staffing Solutions

Atlanta, Georgia, United States

Hospitality Staffing Solutions LLC is a provider of outsourced housekeeping and related services to the hospitality sector in the United States. With operations in 38 states and Puerto Rico, HSS provides a comprehensive suite of services, including housekeeping, food service, laundry, and groundskeeping, as well as outsourcing solutions for day-to-day management responsibilities, including hiring, training, and payroll. Founded in 1990, the company currently supports more than 1,000 properties in 75 markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-25 Maysteel Industries

Allenton, Wisconsin, United States

Maysteel Industries specializes in designing, engineering, and manufacturing custom, precision, OEM sheet metal enclosures, electrical cabinets, and metal fabricated assemblies. The company's product solutions are widely used in the alternative energy, kiosk, gaming, security, medical, utility, industrial drive and automation, and self-serve/vending machine industries and are also found in a variety of other applications. Maysteel Industries was founded in 1936 and is based in Allenton, Wisconsin.

Buy -
Buyer

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 59 of 149
Sector: Aerospace M&A 3 of 3
Type: Recapitalization M&A Deals 15 of 29
State: Arizona M&A 1 of 1
Country: United States M&A 59 of 149
Year: 2014 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-12 MD On-Line

Parsippany, New Jersey, United States

MD On-Line, Inc. is a provider in healthcare information technology company that works closely with providers, payers, and clearinghouses to facilitate the insurance claims process by increasing and facilitating electronic claims.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-04 GTT

McLean, Virginia, United States

GTT is a global telecommunications carrier and network integrator serving the data communications needs of large enterprise, government and carrier clients. GTT was founded in 2005 and is based in McLean, Virginia.

Sell -