M&A Deal Summary

Merit Capital Partners Acquires Engendren

On May 1, 2012, mezzanine finance firm Merit Capital Partners acquired electrical equipment company Engendren

Acquisition Highlights
  • This is Merit Capital Partners’ 4th transaction in the Electrical Equipment sector.
  • This is Merit Capital Partners’ 63rd transaction in the United States.
  • This is Merit Capital Partners’ 13th transaction in Wisconsin.

M&A Deal Summary
Date 2012-05-01
Target Engendren
Sector Electrical Equipment
Buyer(s) Merit Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

Search 201,157 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) 1

Buyer

Merit Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 2.2B 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 $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 63 of 98
Sector (Electrical Equipment) 4 of 6
Type (Buyout (LBO, MBO, MBI)) 41 of 62
State (Wisconsin) 13 of 18
Country (United States) 63 of 97
Year (2012) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-27 Glunt Industries

Warren, Ohio, United States

Glunt Industries is a remanufacturer and service provider of equipment to industry-leading steel and aluminum mills in North America. The Company reconditions, rebuilds, upgrades, and extends the service life of critical steel and aluminum mill equipment to exacting tolerances. Repair and refurbishment services are critically important to the profitability of metal producers as equipment used in steel and aluminum production frequently wears out and requires servicing. Glunt Industries was founded in 1966 and is based in Warren, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-01 Monarch Industries

Winnipeg, Manitoba, Canada

Monarch Industries is an integrated manufacturer and distributor of hydraulic cylinders and custom iron castings. Monarch serves the mobile agricultural, construction and industrial equipment markets. The Company’s products are sold primarily in North America, with a small but growing portion of sales in emerging markets. Customers include the major industrial equipment manufacturers. Monarch Industries was founded in 1935 and is based in Winnipeg, Manitoba.

Buy -
Mergr

Product

Company

Legal