M&A Deal Summary

Merit Capital Partners Acquires U.S. Minerals

On December 1, 2010, mezzanine finance firm Merit Capital Partners acquired environmental company U.S. Minerals

Acquisition Highlights
  • This is Merit Capital Partners’ 2nd transaction in the Environmental sector.
  • This is Merit Capital Partners’ 59th transaction in the United States.
  • This is Merit Capital Partners’ 8th transaction in Illinois.

M&A Deal Summary
Date 2010-12-01
Target U.S. Minerals
Sector Environmental
Buyer(s) Merit Capital Partners
Deal Type Recapitalization

Target

U.S. Minerals

Tinley Park, Illinois, United States
U.S. Minerals is a recycler and processor of coal slag, a non-hazardous, hard, black, glassy byproduct of coal-fired boilers used by power plants. U.S. Minerals was founded in 2002 and is based in Tinley Park, Illinois.

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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 2.2B 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 59 of 98
Sector (Environmental) 2 of 2
Type (Recapitalization) 12 of 19
State (Illinois) 8 of 11
Country (United States) 59 of 97
Year (2010) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 WeCare Operations Holdings

Jordan, New York, United States

WeCare LLC is a waste-management company providing processing and transportation of non-hazardous residual organic waste and municipal solid waste throughout the Northeastern United States and New England. The company is comprised of two primary business units – WeCare Organics and WeCare Transportation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-07 Rikco International

Mequon, Wisconsin, United States

Dr. Comfort, LLC is a provider of therapeutic shoes and custom inserts primarily to the niche diabetic footwear segment. Headquartered in Mequon, Wisconsin, the Company serves the 21 million diabetics in the United States, of which roughly 25% will develop diabetes related foot problems, through a nationwide network of podiatrists and drugstores.

Sell $255M
Mergr

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