M&A Deal Summary |
|
|---|---|
| Date | 2024-02-23 |
| Target | Circuit Check |
| Sector | Test/Measurement Equipment |
| Buyer(s) | Merit Capital Partners |
| Sellers(s) |
North Branch Capital
Midwest Mezzanine Funds |
| Deal Type | Secondary Buyout |
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| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 2.2B USD |
| Size | Large |
| Type | Sector Agnostic |
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 $25 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 was formed in 1993 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 97 of 98 |
| Sector (Test/Measurement Equipment) | 3 of 3 |
| Type (Secondary Buyout) | 11 of 11 |
| State (Minnesota) | 3 of 3 |
| Country (United States) | 96 of 97 |
| Year (2024) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-01-25 |
Storage Solutions
Westfield, Indiana, United States Storage Solutions is a warehouse integrator that provides solutions for material handling and industrial storage equipment, including design, equipment procurement, and installation. Storage Solutions was founded in 1978 and is based in Westfield, Indiana. |
Sell | $375M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-07 |
AFx
Waukegan, Illinois, United States AFx designs, assembles, and distributes lighting fixtures that serve the contemporary and decorative lighting markets for lite commercial and residential installations. AFx is based in Waukegan, Illinois. |
Buy | - |
North Branch Capital is a Midwest-US-based private equity firm focused on lower middle-market companies. The Firm seeks value-added distribution, niche manufacturing, and select business services companies operating in large markets with growth potential. Prospective companies typically have at least $10 million in revenue and $2 million of EBITDA. North Branch Capital was formed in 2014 and is based in Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector (Test/Measurement Equipment) | 1 of 1 |
| Type (Secondary Buyout) | 4 of 4 |
| State (Minnesota) | 1 of 1 |
| Country (United States) | 4 of 4 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-12 |
STARC Systems
Brunswick, Maine, United States STARC Systems manufactures modular, re-usable temporary containment walls for use in a variety of verticals including healthcare settings when there’s a need to protect sensitive occupied areas from the disruption of renovation. STARC Systems was founded in 2012 and is based in Brunswick, Maine. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 1.0B USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Midwest Mezzanine Funds (MMF) is a provider of junior capital to lower middle-market, US and Canadian companies. MMF looks to invest $4 to $15 million to support buyouts, acquisition financings, recapitalizations, and growth capital needs. Prospective companies generally have consistent profits ($3 million of EBITDA), low capital intensity, and sustainable competitive advantages. Broad areas of interest include manufacturing, value-added distribution, and services. MMF will not invest in high technology, energy, or real estate. Midwest Mezzanine was formed in 1992 and has offices in Chicago and Monroe, Michigan.
| DEAL STATS | # |
|---|---|
| Overall | 54 of 56 |
| Sector (Test/Measurement Equipment) | 1 of 1 |
| Type (Secondary Buyout) | 24 of 25 |
| State (Minnesota) | 5 of 5 |
| Country (United States) | 53 of 55 |
| Year (2024) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-05 |
Form Tech Concrete Forms
Walled Lake, Michigan, United States Form Tech Concrete Forms is a construction services company focused on providing concrete forming and shoring rental solutions and related accessories to concrete subcontractors and general contractors. Form Tech Concrete Forms was founded in 1994 and is based in Walled Lake, Michigan. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-05-09 |
CG Environmental
Fort Worth, Texas, United States CG Environmental is an emergency response and hazardous/non-hazardous materials remediation and waste disposal company. With five corporate locations in Dallas-Fort Worth, Houston, Austin, San Antonio, and Denver, CG Environmental has the capability to address a variety of situations, including chemical spills, gas spills, and biological hazards. CG Environmental is based in Fort Worth, Texas. |
Sell | - |
