M&A Deal Summary

Mendota Group, Aldine Capital Partners and Capital For Business Acquire IFH Group

On January 14, 2021, private equity firm Mendota Group, mezzanine finance firm Aldine Capital Partners and private equity firm Capital For Business acquired manufacturer IFH Group

Acquisition Highlights
  • This is Mendota Group’s 4th, Aldine Capital Partners’ 8th and Capital For Business’ 14th transaction in the Manufacturing sector.
  • This is Mendota Group’s 9th, Aldine Capital Partners’ 51st and Capital For Business’ 44th transaction in the United States.
  • This is Mendota Group’s 2nd, Aldine Capital Partners’ 10th and Capital For Business’ 5th transaction in Illinois.

M&A Deal Summary

Date 2021-01-14
Target IFH Group
Sector Manufacturing
Buyer(s) Mendota Group
Aldine Capital Partners
Capital For Business
Deal Type Buyout (LBO, MBO, MBI)

Target

IFH Group

Rock Falls, Illinois, United States
IFH Group manufactures custom steel fuel and hydraulic oil tanks for off-road and specialty vehicles markets. Applications include heavy terrain forklifts, earth boring equipment, boom cranes, back hoes, grounds keeping equipment, end loaders and hay bailers. Fuel Tanks and Hydraulic Reservoirs range in capacities from 1 to more than 300 gallons, and are manufactured from steel, stainless steel, aluminum, or aluminized steel. IFH Group is based in Rock Falls, Illinois.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 3

Buyer

Mendota Group

Madison, Wisconsin, United States

Category Private Equity Firm
Founded 2000
Size Small
Type Sector Focused
DESCRIPTION

The Mendota Group is a private investment firm that targets Midwest US-based investments in low to medium technology manufacturing, distribution, and service-related companies. Prospective acquisitions are either privately owned or subsidiaries/divisions of publicly owned companies. Mendota typically seeks businesses with revenues between $5 and $20 million and valued less then $20 million. The Mendota Group is based in Madison, Wisconsin.


DEAL STATS #
Overall 9 of 11
Sector (Manufacturing) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 9 of 9
State (Illinois) 2 of 2
Country (United States) 9 of 11
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-28 Driv-Lok

Sycamore, Illinois, United States

Driv-Lok is a provider of press-fit fastening and joining components for OEMs and fastener distributors. Driv-Lok manufactures over 2,000 SKUs comprising spring pins, grooved pins, dowel pins, barbed pins, and more, and specializes in manufacturing engineered, application-specific specials as well as standard parts through stocking distributors. Driv-Lok was founded in 1936 and is based in Sycamore, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Fiberdome Products

Lake Mills, Wisconsin, United States

Fiberdome Products is a designer and manufacturer of custom molded composite fiberglass products for industrial, defense, specialty vehicle, oil & gas, construction, and heavy machinery OEMs. Fiberdome Products was founded in 1968 and is based in Lake Mills, Wisconsin.

Buy -
Buyer

Aldine Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Aldine Capital Partners is a mezzanine investment firm that provides mezzanine and junior capital financing to lower middle-market companies generating sales of at least $10 million and at least $2 million in EBITDA. Aldine invests in the range of $4 to $25 million per transaction. Types of transactions include management buyouts, acquisition financings, shareholder liquidity events, recapitalizations, and growth financings of smaller middle-market companies. Aldine will consider investments across the United States, but has a primary focus on opportunities in the Midwest. The Firm will not consider investments in start-ups, turnarounds, real estate, insurance, banking, and oil/gas. Aldine Capital was formed in 2005 and is based in Chicago, Illinois.


DEAL STATS #
Overall 51 of 70
Sector (Manufacturing) 8 of 13
Type (Buyout (LBO, MBO, MBI)) 22 of 25
State (Illinois) 10 of 11
Country (United States) 51 of 70
Year (2021) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-14 Accredited Home Elevator

Barnegat, New Jersey, United States

Accredited Home Elevator is a manufacturer, installer, and provider of maintenance services for home elevators. Accredited serves homebuilders, architects, contractors and homeowners along the East Coast. Accredited Home Elevator was founded in 2000 and is based in Barnegat, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-29 QCC

Harwood Heights, Illinois, United States

QCC is a manufacturing services provider specializing in the manufacture, assembly, and testing of complete products and assemblies, as well as precision-machined components for aerospace, diesel fuel systems, medical, defense, and fluid power applications. QCC was founded in 1951 and is based in Harwood Heights, Illinois.

Sell -
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 44 of 55
Sector (Manufacturing) 14 of 16
Type (Buyout (LBO, MBO, MBI)) 32 of 35
State (Illinois) 5 of 6
Country (United States) 44 of 55
Year (2021) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Entegra

Saint Charles, Illinois, United States

Entegra is a holding company for manufacturers of highly unique static, hydraulic, and electric work tool attachments for light & heavy mobile equipment and stationary work platforms. Entegra is based in Saint Charles, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Winco

Ocala, Florida, United States

Winco manufactures medical furnishings that include recliners, privacy screens, treatment tables, phlebotomy chairs, and stools used primarily in Clinical, Acute Care, and Long Term Care markets. Winco was founded in 1946 and is based in Ocala, Florida.

Sell -