M&A Deal Summary

Merit Capital Partners Acquires American Producers Supply

On October 18, 2023, mezzanine finance firm Merit Capital Partners acquired distribution company American Producers Supply

Acquisition Highlights
  • This is Merit Capital Partners’ 4th transaction in the Distribution sector.
  • This is Merit Capital Partners’ 100th transaction in the United States.
  • This is Merit Capital Partners’ 4th transaction in Ohio.

M&A Deal Summary

Date 2023-10-18
Target American Producers Supply
Sector Distribution
Buyer(s) Merit Capital Partners
Deal Type Recapitalization

Target

American Producers Supply

Marietta, Ohio, United States
American Producers Supply distributes a diverse range of industrial and construction related products including tools, material handling equipment, safety equipment, abrasives, and fasteners. The Company sells its products to a variety of customers including OEMs, contractors, industrial service providers, and equipment rental companies. American Producers Supply was founded in 1898 and is based in Marietta, Ohio.

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Buyer(S) 1

Buyer

Merit Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Merit Capital Partners is a private investment firm that targets investments in middle market manufacturing, distribution, and service based businesses. Merit looks for companies generating at least $20 million in sales and at least $4 million in EBITDA. Merit can provide both equity and junior capital financing and looks to commit at least $15 million per transaction. Prospective transaction situations include management buyouts, recapitalizations, growth financings, divestitures, unsponsored transactions, and ESOPs. Merit Capital will not invest in start-ups, turnarounds, real estate, specialty retail, or oil/gas opportunities. Merit Capital was originally known as William Blair Mezzanine Capital and became independent in 2004. Merit Capital Partners was formed in 1993 and is based in Chicago, Illinois.


DEAL STATS #
Overall 101 of 105
Sector: Distribution M&A 4 of 4
Type: Recapitalization M&A Deals 20 of 21
State: Ohio M&A 4 of 4
Country: United States M&A 100 of 104
Year: 2023 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-04 Acacia Health

Glendale, California, United States

Acacia Health is a provider of home health, hospice and palliative care services primarily to Medicare enrolled patients in their place of residence, including skilled nursing facilities, assisted living facilities, and patients’ homes. The Company receives patient referrals from clinics, hospitals, physicians, its own internal divisions, and other long-term care facilities. Acacia Health was founded in 2008 and is based in Glendale, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-01 Engendren

Kenosha, Wisconsin, United States

Engendren is a manufacturer of custom-designed cooling solutions to OEMs and end-users of internal combustion engines, providing a comprehensive array of heat transfer systems including radiators, air coolers, oil coolers, heat exchangers, cooling system packages and accessories. Engendren was founded in 2012 and is based in Kenosha, Wisconsin.

Sell -