M&A Deal Summary

Main Street Capital Holdings Acquires Compass Precision

On December 17, 2019, private equity firm Main Street Capital Holdings acquired machinery company Compass Precision

Acquisition Highlights
  • This is Main Street Capital Holdings’ 1st transaction in the Machinery sector.
  • This is Main Street Capital Holdings’ 13th transaction in the United States.
  • This is Main Street Capital Holdings’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2019-12-17
Target Compass Precision
Sector Machinery
Buyer(s) Main Street Capital Holdings
Deal Type Consolidation

Target

Compass Precision

Charlotte, North Carolina, United States
Compass Precision is a high-precision metal manufacturing company servicing a diversified group of blue-chip customers in the aerospace & defense, medical, industrial, energy, and telecommunication industries. Compass Precision is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Main Street Capital Holdings

Pittsburgh, Pennsylvania, United States

Investor Investor

Category Private Equity Firm
Founded 1994
Size Small
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a private equity firm that acquires profitable, growth-oriented companies located in the US. Areas of interest include electronic manufacturing services, food, homeland security, metallic alloy parts manufacturers, niche manufacturing, and value-added distribution. Prospective companies should have EBITDA of at least $2 million. Main Street looks to invest $3 to $25 million per transaction in businesses valued up to $125 million. The Firm prefers control situations and will not invest in start-ups, turnarounds, commodities, retail, or restaurants. Main Street Capital Holdings is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 14 of 15
Sector (Machinery) 1 of 1
Type (Consolidation) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 13 of 14
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-26 Conelec of Florida

Sanford, Florida, United States

Conelec of Florida LLC is a provider of electronic manufacturing services to original equipment manufacturers in the medical, military communications, and industrial markets. Conelec of Florida was founded in 1983 and is based in Sanford, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-22 I-Deal Optics

Troy, Michigan, United States

I-Deal Optics is a manufacturer and distributor of quality budget eyewear and sun wear. I-Deal Optics delivers a combination of innovation and quality at the best prices possible across a broad portfolio of products consisting of eight brands and over six hundred styles. I-Deal Optics was founded in 1996 and is based in Troy, Michigan.

Sell -
Mergr

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