M&A Deal Summary

Main Street Capital Acquires DPI

On April 5, 2018, private equity firm Main Street Capital acquired electronics company DPI

Acquisition Highlights
  • This is Main Street Capital’s 2nd transaction in the Electronics sector.
  • This is Main Street Capital’s 98th transaction in the United States.
  • This is Main Street Capital’s 1st transaction in Missouri.

M&A Deal Summary
Date 2018-04-05
Target DPI
Sector Electronics
Buyer(s) Main Street Capital
Deal Type Recapitalization

Target

DPI

St. Louis, Missouri, United States
DPI is a designer, developer, and distributor of a broad assortment of consumer electronics to national retailers under several proprietary brands. DPI offers consumer electronics products under nine proprietary brands and private labels designed for value-conscious consumers. DPI's competitively priced products include Bluetooth and Wi-Fi devices, smartphone accessories, drones and connected home technology devices, amongst others. DPI was founded in 1971 and is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $75 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital Corporation was formed in 1997 and is based in Houston, Texas.

DEAL STATS #
Overall 98 of 137
Sector (Electronics) 2 of 2
Type (Recapitalization) 31 of 56
State (Missouri) 1 of 1
Country (United States) 98 of 137
Year (2018) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-03 California Splendor

San Diego, California, United States

California Splendor is a provider of frozen natural fruit ingredients. California Splendor processes a variety of organic and conventional fruits for blue-chip customers in both the consumer packaged goods and foodservice sectors. The Company's products are used as key ingredients in a variety of end-use applications including spreads and pies, individually quick frozen berries, smoothies and yogurts. California Splendor was founded in 1997 and is based in San Diego, California.

Buy $41M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-24 Hydratec

Delano, California, United States

Hydratec is a full service irrigation company with a rich history of quality and customer service in central California. Company has major role in the advancement of micro-irrigation technology in the state of California. While Hydratec largely services tree and vine growers, there has been a significant increase in row crop customers due to a growing demand for drip irrigation systems. Hydratec services both small family farms and large corporate farming operations from the San Joaquin Valley to the east coast. Hydratec was founded in 1981 and is based in Delano, California.

Sell -
Mergr

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