M&A Deal Summary

Main Street Capital Acquires Hawk Ridge Systems

On December 7, 2016, private equity firm Main Street Capital acquired software company Hawk Ridge Systems

Acquisition Highlights
  • This is Main Street Capital’s 6th transaction in the Software sector.
  • This is Main Street Capital’s 86th transaction in the United States.
  • This is Main Street Capital’s 5th transaction in California.

M&A Deal Summary
Date 2016-12-07
Target Hawk Ridge Systems
Sector Software
Buyer(s) Main Street Capital
Deal Type Recapitalization
Advisor(s) D.A. Davidson & Co. (Financial)

Target

Hawk Ridge Systems

Mountain View, California, United States
Hawk Ridge Systems is VAR of SolidWorks' CAD, CAM and CAE software solutions and 3D Systems' 3D printing solutions. The Company serves customers from its 16 office locations spanning the western United States and Canada. Hawk Ridge Systems was founded in 1996 and is based in Mountain View, California.

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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 86 of 137
Sector (Software) 6 of 9
Type (Recapitalization) 26 of 56
State (California) 5 of 13
Country (United States) 86 of 137
Year (2016) 6 of 7
PREVIOUS 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.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-22 Clad Rex

Franklin Park, Illinois, United States

Clad Rex is a supplier of vinyl-coated and prepainted steel and aluminum coils, sheets & blanks. Our finishes enhance the beauty, durability, functionality, and value of our customers' products. Clad Rex was founded in 1961 and is based in Franklin Park, Illinois.

Buy -
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