M&A Deal Summary

Main Street Capital Acquires Gamber-Johnson

On June 29, 2016, private equity firm Main Street Capital acquired manufacturer Gamber-Johnson from Leggett & Platt

Acquisition Highlights
  • This is Main Street Capital’s 7th transaction in the Manufacturing sector.
  • This is Main Street Capital’s 85th transaction in the United States.
  • This is Main Street Capital’s 2nd transaction in Wisconsin.

M&A Deal Summary

Date 2016-06-29
Target Gamber-Johnson
Sector Manufacturing
Buyer(s) Main Street Capital
Sellers(s) Leggett & Platt
Deal Type Divestiture

Target

Gamber-Johnson

Stevens Point, Wisconsin, United States
Gamber-Johnson is a manufacturer of ruggedized computer mounting systems that are designed to safely secure and stabilize electronics in professional vehicles for various end markets. Gamber-Johnson was formed in 1954 and is based in Stevens Point, Wisconsin.

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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 85 of 137
Sector (Manufacturing) 7 of 10
Type (Divestiture) 1 of 1
State (Wisconsin) 2 of 3
Country (United States) 85 of 137
Year (2016) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-03 Gulf Energy

Houston, Texas, United States

Gulf Energy is a producer and distributor of trade journals, industry research, databases, software, publications, conferences and events designed for the needs of the energy industry. Gulf Energy was founded in 1916 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-30 Travis Body & Trailer

Houston, Texas, United States

Travis Body & Trailer, Inc. is a manufacturer of all-aluminum dump trailers, including end dump, bottom dump and transfer trailers, as well as several specialty application trailers. Travis serves customers in a variety of end markets, such as rendering, municipal solid waste, agriculture, recycling, energy, aggregates, underground utilities and construction.

Sell -

Seller(S) 1

SELLER

Leggett & Platt

Carthage, Missouri, United States

Category Company
Founded 1883
Sector Manufacturing
Employees19,300
Revenue 4.7B USD (2023)
DESCRIPTION
Entrance to Leggett & Platt's corporate headquarters in Carthage, Missouri.
Entrance to Leggett & Platt's corporate headquarters in Carthage, Missouri.

Leggett & Platt is a diversified manufacturer that conceives, designs and produces a wide range of engineered components and products found in many homes, offices, retail stores, automobiles and commercial aircraft. The Company's residential furnishing's segment supplies a variety of components used by bedding and upholstered furniture manufacturers in the assembly of their finished products. The Company's commercial fixtures and components group designs, produces, installs and manages our customers’ store fixtures projects as well as designs, manufactures, and distributes a wide range of engineered components and products primarily for the office seating market. The Company's industrial materials segment manufactures a variety of wires and tubing products. The Company's specialized product segment designs, produces and sells components for automotive seating, specialized machinery and equipment, and service van interiors. Leggett & Platt was formed in 1883 and is based in Carthage, Missouri.


DEAL STATS #
Overall 8 of 9
Sector (Manufacturing) 3 of 4
Type (Divestiture) 8 of 9
State (Wisconsin) 1 of 1
Country (United States) 6 of 7
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-31 Leggett & Platt - Store Fixtures Group

United States

Sell $62M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-15 Folding Guard

Bedford Park, Illinois, United States

Folding Guard LLC is a manufacturer of indoor perimeter protection solutions. Folding Guard LLC was established in 1962 and is headquartered in Bedford Park, Illinois.

Sell $26M