M&A Deal Summary

Main Street Capital Acquires Trantech

On June 5, 2019, private equity firm Main Street Capital acquired electrical equipment company Trantech from Industrial Opportunity Partners

Acquisition Highlights
  • This is Main Street Capital’s 3rd transaction in the Electrical Equipment sector.
  • This is Main Street Capital’s 105th transaction in the United States.
  • This is Main Street Capital’s 3rd transaction in South Carolina.

M&A Deal Summary
Date 2019-06-05
Target Trantech
Sector Electrical Equipment
Buyer(s) Main Street Capital
Sellers(s) Industrial Opportunity Partners
Deal Type Secondary Buyout

Target

Trantech

Edgefield, South Carolina, United States
Trantech is a domestic designer, manufacturer, and supplier of branded radiators and cooling systems for transformer original equipment manufacturer products used in the electric power generation, transmission, and distribution markets and other industrial end markets. Trantech was founded in 1932 and is based in Edgefield, South Carolina.

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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 105 of 137
Sector (Electrical Equipment) 3 of 4
Type (Secondary Buyout) 9 of 12
State (South Carolina) 3 of 3
Country (United States) 105 of 137
Year (2019) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-06 CompareNetworks

South San Francisco, California, United States

CompareNetworks provides life scientists, researchers, lab-based professionals, pharmaceutical professionals and healthcare professionals with digital tools and information resources to research, identify and determine which products and technologies to use. CompareNetworks operates several online properties including Biocompare, an online research tool database, and Labcompare, an online laboratory equipment product comparison service. The Company also provides a software-as-a-service sales enablement tool named imSMART. CompareNetworks was formed in 2000 and is headquartered in South San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-11 Lamb s Tire & Automotive

Austin, Texas, United States

Lamb's Tire & Automotive owns and operates fifteen tire retail and automotive repair centers in and around Austin, Texas. The company acts as a branded Goodyear retail tire dealer and offers a full range of auto repair and maintenance services using state-of-the-art computer diagnostic equipment operated by Automotive Service Excellence (ASE) certified technicians. Lamb's was founded in 1987 and is based in Austin, Texas.

Sell -

Seller(S) 1

SELLER

Industrial Opportunity Partners

Evanston, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Industrial Opportunity Partners is a private equity firm focused on acquiring and managing middle-market manufacturing and value-added distribution businesses. IOP looks to invest $15 to $100 million in companies with revenues between $50 and $500 million with an EBITDA of $5 to $50 million. Sectors of interest include building products, electronics, foundry, and casting products, precision machining, stamped and fabricated products, automotive components and steel/metal processing. IOP has a particular investment focus on enhancing the operations and optimizing the cost structures of businesses. Industrial Opportunity Partners was formed in 2005 and is based in Evanston, Illinois.

DEAL STATS #
Overall 15 of 22
Sector (Electrical Equipment) 2 of 2
Type (Secondary Buyout) 4 of 4
State (South Carolina) 1 of 1
Country (United States) 13 of 20
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-15 Moulure Alexandria Moulding

Alexandria, Ontario, Canada

Moulure Alexandria Moulding, Inc. is a manufacturer and distributor of wood mouldings and related millwork products for the Canadian and Northern U.S. residential housing markets. The Company sells directly to retailers as well as wholesale building product distributors and industrial customers. The Company is headquartered in Alexandria, Ontario, Canada and has a manufacturing and distribution facility in Alexandria along with a hardwood manufacturing operation in Bradford, Ontario that serve Eastern Canada. The Company also has a manufacturing and distribution facility in Moxee, Wash. that serves Western Canada and the Northwest U.S. as well as two other distribution facilities in Wilkes Barre, Pa. and La Porte, Ind. that serve the Northeast and Midwest regions of the U.S.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-11 United Poly Systems

Springfield, Missouri, United States

United Poly Systems is a manufacturer of made-to-order high-density polyethylene (“HDPE”) pipe for a variety of infrastructure applications. The company product offering is commonly used in the Telecommunications, Power Utility, Electrical, CATV, Sewer, Potable Water, and Oil/Gas collection industries. United Poly Systems was founded in 2011 and is based in Springfield, Missouri.

Buy -
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