M&A Deal Summary

Main Street Capital Acquires Mystic Logistics

On August 21, 2014, private equity firm Main Street Capital acquired transportation company Mystic Logistics for 16M USD

Acquisition Highlights
  • This is Main Street Capital’s 2nd transaction in the Transportation sector.
  • This is Main Street Capital’s 15th largest (disclosed) transaction.
  • This is Main Street Capital’s 71st transaction in the United States.
  • This is Main Street Capital’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2014-08-21
Target Mystic Logistics
Sector Transportation
Buyer(s) Main Street Capital
Deal Type Recapitalization
Deal Value 16M USD

Target

Mystic Logistics

South Glastonbury, Connecticut, United States
Mystic Logistics is a non-asset based third-party logistics provider that specializes in standard mail consolidation for large volume mailers in the United States. Mystic's value proposition is centered around taking advantage of economies of scale, optimal purchasing power, reduced transit times, and considerable discounts offered by the U.S. Postal Service for assisting in efficiently achieving the "last mile" of delivery service. Mystic Logistics was founded in 1989 and is headquartered in South Glastonbury, Connecticut.

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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 71 of 137
Sector (Transportation) 2 of 3
Type (Recapitalization) 19 of 56
State (Connecticut) 1 of 3
Country (United States) 71 of 137
Year (2014) 3 of 8
Size (of disclosed) 15 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-08 Boss Industries

LaPorte, Indiana, United States

Boss Industries is a provider of power take-off (PTO) rotary screw air technology, offering a full line of vehicle-integrated compressors as well as natural gas booster and vapor recovery systems. Boss Industries was founded in 1988 and is based in LaPorte, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-02 American Sensor Technologies

Mount Olive, New Jersey, United States

American Sensor Technologies, Inc. (“AST”) designs, develops, manufactures and markets state-of-the-art, high performance sensors incorporating Micro Electro Mechanical Structures (“MEMS”) and is rapidly becoming recognized as an innovative leader in the sensor industry. AST has developed and commercialized numerous pressure sensor product lines that are utilized in many industrial capacities and by numerous end markets. AST has received several awards for its innovation and technical development. The company is actively involved with multiple research projects related to the next generation of pressure and other sensors in the New Jersey area. AST also operates a subsidiary in Hong Kong that is utilized for sourcing and manufacturing purposes related to many of AST’s international customers.

Sell -
Mergr

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