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’ 56th 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

Makai Capital Partners is a private equity firm focused on acquiring lower middle-market industrial businesses throughout North America. The Firm seeks profitable businesses valued up to $100 million. Makai Capital Partners was formed in 2023 and is based in Davidson, North Carolina.


DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: South Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 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 200M 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 $10 to $100 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 56 of 56
Sector: Distribution M&A 5 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 37 of 37
State: South Carolina M&A 1 of 1
Country: United States M&A 56 of 56
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-03 PFI Instore

Hazelwood, Missouri, United States

PFI Instore is a merchandising solution provider to retailers and consumer-branded product companies. PFI's products and solutions can be found in most major convenience, grocery, specialty, and department stores in the United States. PFI Instore was founded in 1956 and is based in Hazelwood, Missouri.

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

Fenton, Missouri, United States

Central States Bus Sales is a distributor for several manufacturers of buses and related equipment in Missouri, Illinois, Tennessee, Kentucky, Arkansas and Alabama. CSBS has a longstanding relationship with Blue Bird, a school bus manufacturer with gas, diesel, low- and zero-emission school buses fueled by propane and natural gas, and electric-powered (EV) buses. 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 M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 4
State: South Carolina M&A 1 of 1
Country: United States M&A 12 of 12
Year: 2023 M&A 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 -