Investment Summary

Merit Capital Partners Invests In Glenn Rieder

On January 1, 2019, mezzanine finance firm Merit Capital Partners invested in construction company Glenn Rieder

Investment Highlights
  • This is Merit Capital Partners’ 3rd transaction in the Construction sector.
  • This is Merit Capital Partners’ 85th transaction in the United States.
  • This is Merit Capital Partners’ 16th transaction in Wisconsin.

Investment Summary
Date 2019-01-01
Target Glenn Rieder
Sector Construction
Investor(s) Merit Capital Partners
Deal Type Growth Capital

Target

Glenn Rieder

West Allis, Wisconsin, United States
Glenn Rieder is a custom architectural millwork manufacturer and commercial interior contractor serving all major markets across the United States. Glenn Rieder has produced and installed millwork for the hospitality, gaming, corporate, institutional, restaurant, winery, sports, retail, and high-end residential markets. Through its subsidiaries, which include Quality Cabinet & Fixture Co., Shamrock Metals LLC, and Shamrock Installations LLC, the company operates manufacturing facilities in Milwaukee, WI, Tijuana, MX, and Las Vegas, NV. Glenn Rieder also maintains offices in Fort Lauderdale, FL, New England and San Diego, CA. Glenn Rieder was founded in 1946 and is based in West Allis, Wisconsin.

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Investor(S) 1

Investor

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 86 of 98
Sector (Construction) 3 of 3
Type (Growth Capital) 5 of 6
State (Wisconsin) 16 of 18
Country (United States) 85 of 97
Year (2019) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-19 Active Minerals

Sparks, Maryland, United States

Active Minerals is a global market provider in the production and distribution of air-float kaolin and gel-grade attapulgite clays for customers in fiberglass, construction, drilling, agriculture, and concrete end markets, among others. The Company’s products provide highly tangible qualities in customers’ end products: Air-float kaolin strengthens fiberglass for usage in printed circuit boards prior to assembly in electronics end products such as phones, tablets, and automobiles. Gel-grade attapulgite is used to increase viscosity of mixtures in a variety of end markets including joint tape compounds used for wallboard construction, and paints & coatings to prevent settling and hard packing. Active Minerals International was founded in 1964 and is based in Sparks, Maryland.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 MicroPrecision

Delavan, Wisconsin, United States

MicroPrecision is a produces precision-machined parts. The Company manufactures thousands of extremely tight tolerance, build-to-specification parts for blue-chip customers in the medical (32% of sales), climate control (18%), non-auto engine (10%), automation (10%) and other (30%) industries. MicroPrecision is based in Delavan, Wisconsin.

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