M&A Deal Summary

Main Street Capital Acquires NY Pizza Department

On October 3, 2008, private equity firm Main Street Capital acquired restaurant NY Pizza Department

Acquisition Highlights
  • This is Main Street Capital’s 2nd transaction in the Restaurants sector.
  • This is Main Street Capital’s 23rd transaction in the United States.
  • This is Main Street Capital’s 1st transaction in Arizona.

M&A Deal Summary
Date 2008-10-03
Target NY Pizza Department
Sector Restaurants
Buyer(s) Main Street Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

NY Pizza Department

Scottsdale, Arizona, United States
NY Pizza Department is a New York-themed pizzeria and Italian restaurant with locations across the Phoenix metro area. The Company offers full-service sit-down dining, counter service, carry-out and delivery at its 11 locations throughout the Phoenix metro area. The menu includes high-quality pizzas, pastas, salads and other specialty items with a focus on customer service. NYPD also offers a quick express option at lunch so patrons can go directly to the order counter and receive menu items quickly. NY Pizza Department was founded in 1996 and is based in Scottsdale, Arizona.

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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 23 of 137
Sector (Restaurants) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 11 of 31
State (Arizona) 1 of 5
Country (United States) 23 of 137
Year (2008) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-15 TA Acquisition Group

Austin, Texas, United States

Travis Aggregates (“TA”) mines, processes and sells sand and gravel products that are utilized in various construction activities. The TA sand and gravel products are utilized in numerous concrete, asphalt, masonry, gunite, utility, landscaping and other applications. TA was formed in 2001 and services customers in the Central Texas region who are located primarily in and around Austin, Texas. TA has experienced significant growth since its inception and prides itself on providing high levels of service and quality products to its customers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-21 California Healthcare Medical Billing

Escondido, California, United States

California Healthcare Medical Billing, Inc. is a provider of an outsourced billing, revenue cycle management, business services, IT and Electronic Health Record (EHR) technology to physician practices and clinics.

Buy -
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