M&A Deal Summary

Lometa Capital Partners and Aldine Capital Partners Acquire NGS

On March 6, 2023, family office Lometa Capital Partners and mezzanine finance firm Aldine Capital Partners acquired distribution company NGS

Acquisition Highlights
  • This is Lometa Capital Partners’ 1st and Aldine Capital Partners’ 5th transaction in the Distribution sector.
  • This is Lometa Capital Partners’ 7th and Aldine Capital Partners’ 64th transaction in the United States.
  • This is Lometa Capital Partners’ 2nd and Aldine Capital Partners’ 5th transaction in California.

M&A Deal Summary

Date 2023-03-06
Target NGS
Sector Distribution
Buyer(s) Lometa Capital Partners
Aldine Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

NGS

Los Angeles, California, United States
NGS is a supplier of OEM and direct-sourced replacement parts for fitness equipment in health clubs and fitness centers around the world. The Company also offers valueadd electronics repair and parts exchange services and builds custom strength equipment cables for its customers. NGS operates as a one-stop-shop for its customers’ aftermarket and after-warranty repair parts needs, offering a comprehensive and turn-key system for maintaining a diverse portfolio of commercial fitness equipment models that need to have aesthetic appeal and practical functionality at all times. NGS was founded in 1993 and is based in Los Angeles, California.

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Buyer(S) 2

Buyer

Lometa Capital Partners

Investor Investor


Category Family Office
Founded 2019
PE ASSETS 75M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Lometa Capital Partners is a multi-family backed investment firm focused on acquiring lower middle-market, profitable, manufacturing, industrial, and business services companies valued up to $75 million. The Firm will consider businesses throughout North America and seeks a variety of control investment situations including recapitalizations, buyouts, and growth capital financings. Lometa Capital Partners was formed in 2019 and is based in Sugar Land, Texas.


DEAL STATS #
Overall 7 of 7
Sector: Distribution M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 5
State: California M&A 2 of 2
Country: United States M&A 7 of 7
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-15 Upper Hand

Indinapolis, Indiana, United States

Upper Hand is a subscription-based, B2B2C, software company operating in the sports industry. From local training facilities to national franchisors, Upper Hand’s integrated payments software and platform delivers digital transformation to sports training facilities via technology and business automation solutions.

Buy -
Buyer

Aldine Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2005
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Aldine Capital Partners is a mezzanine investment firm that provides mezzanine and junior capital financing to lower middle-market companies generating sales of at least $10 million and at least $2 million in EBITDA. Aldine invests in the range of $5 to $25 million per transaction. Types of transactions include management buyouts, acquisition financings, shareholder liquidity events, recapitalizations, and growth financings of smaller middle-market companies. Aldine will consider investments across the United States, but has a primary focus on opportunities in the Midwest. The Firm will not consider investments in start-ups, turnarounds, real estate, insurance, banking, and oil/gas. Aldine Capital was formed in 2005 and is based in Chicago, Illinois.


DEAL STATS #
Overall 64 of 74
Sector: Distribution M&A 5 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 24 of 27
State: California M&A 5 of 5
Country: United States M&A 64 of 74
Year: 2023 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-23 AIT Consulting Services

Houston, Texas, United States

AIT Consulting Services is an OneStream Software (OneStream) advisory and consulting firm specializing in comprehensive finance solutions. AIT Consulting Services was founded in 2018 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-12 Tower Engineering Professionals

Raleigh, North Carolina, United States

Tower Engineering Professionals is an operator of engineering services firm focused on serving the telecommunications industry. Tower Engineering Professionals' services include structural analysis, civil engineering, surveying; environmental, inspection, geotechnical, renewable energy, residential, commercial, plumbing, mechanical, and electrical, and structural modification and design. Tower Engineering Professionals was founded in 1997 and is based in Raleigh, North Carolina.

Sell -