M&A Deal Summary

Main Street Capital Holdings Acquires I-Deal Optics

On August 27, 2015, private equity firm Main Street Capital Holdings acquired consumer products company I-Deal Optics from Hadley Capital

Acquisition Highlights
  • This is Main Street Capital Holdings’ 1st transaction in the Consumer Products sector.
  • This is Main Street Capital Holdings’ 11th transaction in the United States.
  • This is Main Street Capital Holdings’ 1st transaction in Michigan.
Investment Fate
  • I-Deal Optics was recapitalized in 2021.
  • I-Deal Optics was sold to a consortium of financial buyers in 2024.

M&A Deal Summary

Date 2015-08-27
Target I-Deal Optics
Sector Consumer Products
Buyer(s) Main Street Capital Holdings
Sellers(s) Hadley Capital
Deal Type Secondary Buyout

Target

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.

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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 12 of 15
Sector: Consumer Products M&A 1 of 2
Type: Secondary Buyout M&A Deals 1 of 1
State: Michigan M&A 1 of 2
Country: United States M&A 11 of 14
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-06 LTS Scale Company

Twinsburg, Ohio, United States

LTS Scale Company LLC specializes in the design and manufacture of precision mobile scales and weighing systems.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-30 Nabco Systems

Canonsburg, Pennsylvania, United States

Nabco Systems LLC is the manufacturer and marketer of homeland security solutions, which provide protection from biological, chemical, explosive, and radiological threats. Nabco Systems was founded in 1980 and is based in Canonsburg, Pennsylvania.

Sell -

Seller(S) 1

SELLER

Hadley Capital

Wilmette, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
Size Small
Type Sector Agnostic
DESCRIPTION

Hadley Capital is a private equity firm that targets investments in small, established companies. The Firm looks for businesses generating sales of $5 to $30 million and EBITDA of $1 to $5 million. Hadley Capital seeks opportunities across a variety of industries; including manufacturing, business services, and distribution. Prospective transaction types include acquisitions, leveraged buyouts, management buyouts, recapitalizations, growth capital financings, and industry consolidations. Hadley Capital was formed in 1998 and is based in Wilmette, Illinois.


DEAL STATS #
Overall 4 of 12
Sector: Consumer Products M&A 1 of 2
Type: Secondary Buyout M&A Deals 3 of 4
State: Michigan M&A 1 of 1
Country: United States M&A 4 of 12
Year: 2015 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Jenfab Cleaning Solutions

Springfield, Missouri, United States

Jenfab Cleaning Solutions manufactures aqueous-based parts cleaning machinery including cabinet and pass-through models used in a wide variety of industrial applications. Jenfab Cleaning Solutions was founded in 1960 and is based in Springfield, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 InProduction

Warrenville, Illinois, United States

InProduction is a provider of rental staging and seating solutions for special events. InProduction designs deliver and installs high-quality temporary audience risers, stadium seating, platforms, drapery, and scenery for high-end sporting, corporate, and other special events. InProduction is based in Warrenville, Illinois.

Sell -