M&A Deal Summary

Makai Capital Partners, Capital For Business and Konza Valley Capital Acquire New Life Chemical

On November 7, 2023, private equity firms Makai Capital Partners, Capital For Business and Konza Valley Capital acquired distribution company New Life Chemical

Acquisition Highlights
  • This is Makai Capital Partners’ 1st, Capital For Business’ 5th and Konza Valley Capital’s 2nd transaction in the Distribution sector.
  • This is Makai Capital Partners’ 1st, Capital For Business’ 55th and Konza Valley Capital’s 12th transaction in the United States.
  • This is Makai Capital Partners’ 1st, Capital For Business’ 1st and Konza Valley Capital’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2023-11-07
Target New Life Chemical
Sector Distribution
Buyer(s) Makai Capital Partners
Capital For Business
Konza Valley Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

New Life Chemical

Greenville, South Carolina, United States
New Life Chemical is a distributor of surplus chemicals and a wholesale manufacturer of commercial cleaning products. New Life Chemical was formed in 1997 and is based in Greenville, South Carolina.

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Buyer(S) 3

DESCRIPTION


DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Buyer

Capital For Business

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1959
PE ASSETS 150M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Capital for Business (CFB) is a private investment firm focused on providing junior capital to growing lower middle-market companies with at least $8 million in sales. CFB targets businesses serving niche consumer, commercial, distribution, manufacturing, and service markets throughout the United States. Funds are typically used to support management buyouts, leveraged buyouts, recapitalizations, corporate divestitures, growth financings, and going-private transactions. CFB will not invest in start-ups, turnarounds, unproven technologies, biotech, real estate, and financial institutions. Capital for Business was founded in 1959 and is headquartered in St. Louis, Missouri.


DEAL STATS #
Overall 55 of 55
Sector (Distribution) 5 of 5
Type (Buyout (LBO, MBO, MBI)) 35 of 35
State (South Carolina) 1 of 1
Country (United States) 55 of 55
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Vehicle Security Innovators

Green Bay, Wisconsin, United States

Vehicle Security Innovators is a manufacturer of vehicle security products for truck OEM & aftermarket segments, VSI through its other business units (Pop & Lock, Freight Defense, and Simply Keys) provides aftermarket security systems and accessories for passenger vehicles, truck fleets and manufacturers of construction equipment, toolboxes, handles, and latches. Vehicle Security Innovators was founded in 1948 and is based in Green Bay, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-15 Central States Bus Sales

Fenton, Missouri, United States

Central States Bus Sales is an authorized dealer of Blue Bird Corporation (“Blue Bird”) school buses in the United States, exclusively serving Missouri, Illinois, Kentucky, Tennessee, Arkansas, and Alabama. CSBS has a longstanding relationship with Blue Bird, a leading school bus manufacturer with gas, diesel, low- and zero-emission school buses fueled by propane and natural gas, and electric-powered (EV) buses in operation today. Central States Bus Sales is based in Fenton, Missouri.

Sell -
DESCRIPTION

Konza Valley Capital is a private investment firm focused on $1 to $3 million investments in lower middle-market Midwestern US-based companies operating in traditional industries. Konza looks to support a variety of transaction situations including capital for acquisitions, growth, ownership transitions, and turnarounds. Broad areas of interest include manufacturing, services, distribution, retail and technology related industries. Konza Valley Capital is based in Overland Park, Kansas.


DEAL STATS #
Overall 12 of 12
Sector (Distribution) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 4 of 4
State (South Carolina) 1 of 1
Country (United States) 12 of 12
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-07 A&A Machine & Fabrication

La Marque, Texas, United States

A&A Machine & Fabrication is a manufacturer of mission-critical equipment used worldwide by manufacturers of plastic resins and synthetic gas (syngas). The company provides drawings, machining, welding, fabrication and installation of high-pressure tubular reactors and coolers, catalyst injection systems and other new and refurbished equipment, primarily for petrochemical plants and niche markets that support the production of low-density polyethylene (LDPE), polypropylene and products produced by gasification. A&A also provides a full range of engineering, repair services, field upgrades and system rebuilds. A&A Machine & Fabrication was founded in 1957 and is based in La Marque, Texas.

Buy -