M&A Deal Summary

Mendota Group and B12 Capital Partners Acquire WEM Automation

On October 25, 2012, private equity firms Mendota Group and B12 Capital Partners acquired software company WEM Automation

Acquisition Highlights
  • This is Mendota Group’s 1st and B12 Capital Partners’ 1st transaction in the Software sector.
  • This is Mendota Group’s 3rd and B12 Capital Partners’ 4th transaction in the United States.
  • This is Mendota Group’s 1st and B12 Capital Partners’ 1st transaction in Wisconsin.

M&A Deal Summary

Date 2012-10-25
Target WEM Automation
Sector Software
Buyer(s) Mendota Group
B12 Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Pentvia Partners LLC (Financial)

Target

WEM Automation

New Berlin, Wisconsin, United States
WEM Automation provides the design and development of software and control systems for industrial process automation and data collection. WEM Automation was founded in 1955 and is based in New Berlin, Wisconsin.

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Buyer(S) 2

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 3 of 11
Sector: Software M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 9
State: Wisconsin M&A 1 of 4
Country: United States M&A 3 of 11
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-10 Spectrum Products

Missoula, Montana, United States

Spectrum Products LLC is a manufacturer and distributor of pool equipment and supplies sold under the Spectrum Aquatics brand name. Spectrum’s primary focus is on providing equipment to enhance the access by the handicapped and elderly to swimming pools and spas. Spectrum also is a leader in the manufacturer of custom decking equipment used in commercial pools. Products manufactured include: Swim-Lift handicap lifts, therapy tanks, dive stands, competitive starting platforms, lifeguard chairs, hand railings and ladders.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-01 WCS Industries

Muskego, Wisconsin, United States

WCS Industries is a full-service manufacturer of high-quality precision compression, extension, garter, and torsion springs as well as wire forms and flatforms. The company is a contract manufacturer for various industrial products as well as diverse end markets, including automotive, aerospace, consumer products, construction equipment, lawn and garden, and electrical power systems. WCS Industries was formed in 1958 and is based in Muskego, Wisconsin.

Buy -
Buyer

B12 Capital Partners

Shawnee, Kansas, United States

Investor Investor


Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

B12 Capital Partners is a private equity fund focused on partnering with managers to invest in manufacturing and distribution companies with revenues of $5 to $50 million. B12 provides capital for growth, ownership transitions, as well as outright acquisitions. The Firm prefers profitable businesses (up to $5 million of EBITDA) with sustainable competitive positions and identifiable growth prospects. B12 targets companies located in the Midwest, Southeast, and Intermountain West. B12 will not consider startups, early-stage transactions, turnarounds, or businesses in real estate, oil/gas, restaurants, and retail. B12 was established in 2006 and is based in Kansas City, Missouri.


DEAL STATS #
Overall 4 of 10
Sector: Software M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 7
State: Wisconsin M&A 1 of 1
Country: United States M&A 4 of 10
Year: 2012 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-12 Domaille Engineering

Rochester, Minnesota, United States

Domaille Engineering is a provider of polishing machines and fixtures, inspection equipment and associated engineered products for the fiber-optic cable market. The company also engineers and manufactures complex, mission-critical products for the defense, aerospace, national security, telecommunications, energy and medical sectors. Domaille Engineering was founded in 1990 and is based in Rochester, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Arrow Material Handling Products

Lenexa, Kansas, United States

Arrow Material Handling Products fabricates and distributes forks and attachments for all makes and models of forklift trucks, skid steers, and construction equipment. Arrow's products are sold to customers that include construction companies, rental companies, farmers and ranchers, original equipment manufacturers, and machinery distributors. Arrow Material Handling Products was founded in 1969 and is based in Lenexa, Kansas.

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