Investment Summary |
|
|---|---|
| Date | 2022-11-17 |
| Target | CST Utilities |
| Sector | Utilities |
| Investor(s) |
MFG Partners
PNC Mezzanine Capital Centerfield Capital Partners |
| Deal Type | Growth Capital |
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MFG Partners acquires controlling stakes in founder and family-owned industrial, manufacturing, distribution, and business services companies valued from $25 to $100 million. MFG will consider opportunities throughout North America and looks to collaborate with existing company leadership to identify and execute on growth opportunities and operational initiatives. MFG Partners was formed in 2016 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 7 |
| Sector: Utilities M&A | 1 of 1 |
| Type: Growth Capital M&A Deals | 1 of 1 |
| State: Ohio M&A | 1 of 1 |
| Country: United States M&A | 7 of 7 |
| Year: 2022 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-11-15 |
AZ Wire & Cable
Northbrook, Illinois, United States AZ Wire & Cable is a distributor of premium wire & cable products for electrical distributors, original equipment manufacturers, and end-users across the United States. AZ Wire & Cable was formed in 1988 and is headquartered in Northbrook, Illinois. |
Buy | - |
| 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 |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 1.5B USD |
| Size | Large |
| Type | Sector Agnostic |
PNC Mezzanine Capital is the subordinated debt investing arm of PNC Bank. PNC Mezzanine looks to provide $10 to $50 million of junior capital to middle-market companies in a variety of industries. Prospective companies generally have revenues of $20 million and EBITDA greater than $4 million. Broad sectors of interest include niche manufacturing, value-added distribution, and business or consumer services. PNC will not invest in early-stage or technology-driven businesses; real estate, commodity-based or capital-intensive companies; businesses with high customer or vendor concentration; or declining businesses. PNC Mezzanine was formed in 1989 and is based in Pittsburgh, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 75 of 77 |
| Sector: Utilities M&A | 2 of 2 |
| Type: Growth Capital M&A Deals | 10 of 10 |
| State: Ohio M&A | 6 of 7 |
| Country: United States M&A | 71 of 73 |
| Year: 2022 M&A | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-08-08 |
Aptyx
Tempe, Arizona, United States Aptyx is a manufacturer of custom dip molded, dip-coated, and injection molded parts. MDI specializes in short run, small batch, custom molded products primarily for U.S.-based OEM customers in industrial, medical, and consumer end markets. Aptyx was founded in 1998 and is based in Tempe, Arizona. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-07 |
ISG
Indianapolis, Indiana, United States ISG provides services and parts to critical-to-process industrial rotating equipment for a diversified blue chip customer base comprised mainly of large industrial, power, paper, and energy companies. ISG was founded in 2018 and is based in Indianapolis, Indiana. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2001 |
| PE ASSETS | 1.0B USD |
| Size | Large |
| Type | Sector Agnostic |
Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.
| DEAL STATS | # |
|---|---|
| Overall | 83 of 100 |
| Sector: Utilities M&A | 1 of 1 |
| Type: Growth Capital M&A Deals | 12 of 18 |
| State: Ohio M&A | 8 of 9 |
| Country: United States M&A | 83 of 100 |
| Year: 2022 M&A | 7 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-11-10 |
HoodMart
Elyria, Ohio, United States HoodMart specializes in the design, manufacture and sale of ventilation systems (exhaust hoods) for the large and growing commercial cooking industry. HoodMart is based in Elyria, Ohio. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-01-01 |
Sightline Services
Houston, Texas, United States Sightline Services is a signage and exterior facility services provider for customers with brands in the quick service restaurant, convenience store, gas station, industrial, and commercial industries with physical locations. Sightline Services is based in Houston, Texas. |
Buy | - |
