M&A Deal Summary

Main Street Capital Acquires DMS

On February 28, 2018, private equity firm Main Street Capital acquired marketing company DMS from Centerfield Capital Partners and Caymus Equity Partners

Acquisition Highlights
  • This is Main Street Capital’s 2nd transaction in the Marketing sector.
  • This is Main Street Capital’s 95th transaction in the United States.
  • This is Main Street Capital’s 4th transaction in Oregon.

M&A Deal Summary

Date 2018-02-28
Target DMS
Sector Marketing
Buyer(s) Main Street Capital
Sellers(s) Centerfield Capital Partners
Caymus Equity Partners
Deal Type Secondary Buyout
Advisor(s) Kroll (Financial)
Ice Miller (Legal)

Target

DMS

Portland, Oregon, United States
DMS is a provider of integrated, omni-channel direct marketing solutions to a diverse client base throughout the U.S. DMS serves a variety of end markets including banking, alternative lending, technology and telecom. DMS was founded in 1982 and is based in Portland, Oregon.

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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 95 of 137
Sector (Marketing) 2 of 3
Type (Secondary Buyout) 7 of 12
State (Oregon) 4 of 4
Country (United States) 95 of 137
Year (2018) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-28 Chamberlin Roofing & Waterproofing

Houston, Texas, United States

Chamberlin Roofing & Waterproofing is a commercial specialty contractor with a focus on installing high quality roofing and waterproofing systems, as well as providing roof maintenance and leak repair services throughout the Southwest, Southeast, and Midwest regions of the United States, with a focus on Texas and Oklahoma. Chamberlin provides its services to a variety of end markets, including Office, Educational, Healthcare, Multi-family, Governmental, Religious, Retail, Aviation, Parking Garages and Hospitality / Entertainment venues. Chamberlin Roofing & Waterproofing was founded in 1897 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-06 NexRev

Plano, Texas, United States

NexRev is the provider of intelligent energy management systems that help businesses eliminate energy waste and achieve ESG goals. NexRev customers see a wide range of benefits. NexRev was founded in 1994 and is based in Plano, Texas.

Buy -

Seller(S) 2

SELLER

Centerfield Capital Partners

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 28 of 42
Sector (Marketing) 2 of 2
Type (Secondary Buyout) 9 of 13
State (Oregon) 1 of 1
Country (United States) 28 of 42
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-13 Backyard Products

Monroe, Michigan, United States

Backyard Products is a designer, manufacturer, and marketer of ready-to-assemble and installed wood-based storage buildings and other outdoor structures. Its product lines include storage buildings and accessories, gazebos, playhouses, and playsets. Backyard Products was founded in 1975 and is based in Monroe, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-01 Temp-Con

Olathe, Kansas, United States

Temp-Con is a premier provider of heating, ventilation, air conditioning and refrigeration installations, maintenance and repair services. Temp-Con is based in Olathe, Kansas.

Buy -
DESCRIPTION

Caymus Equity Partners LLC is a private equity firm that looks to partner with management to acquire and grow profitable, lower middle-market companies valued between $10 and $100 million. The Firm looks for situations where companies lack the resources, capital, and strategic guidance needed to realize their full potential. Sectors of interest include business services, healthcare services, consumer products/services, and industrials. Caymus Equity Partners was formed in 2001 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 5 of 10
Sector (Marketing) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Oregon) 1 of 1
Country (United States) 5 of 10
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-28 Buffalo Wild Wings

Minneapolis, Minnesota, United States

Buffalo Wild Wings, Inc. is a growing owner, operator and franchisor of Buffalo Wild Wings® restaurants featuring a variety of boldly-flavored, made-to-order menu items including its namesake Buffalo, New York-style chicken wings. The Buffalo Wild Wings menu specializes in 21 mouth-watering signature sauces and seasonings with flavor sensations ranging from Sweet BBQ™ to Blazin’®. Guests enjoy a welcoming neighborhood atmosphere that includes an extensive multi-media system for watching their favorite sporting events. Buffalo Wild Wings is the recipient of hundreds of "Best Wings" and "Best Sports Bar" awards from across the country. There are currently more than 1,250 Buffalo Wild Wings locations in 10 countries.

Sell $2.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-01 Temp-Con

Olathe, Kansas, United States

Temp-Con is a premier provider of heating, ventilation, air conditioning and refrigeration installations, maintenance and repair services. Temp-Con is based in Olathe, Kansas.

Buy -