M&A Deal Summary

MidOcean Partners and Jumana Capital Acquire SI Solutions

On August 15, 2024, private equity firms MidOcean Partners and Jumana Capital acquired engineering company SI Solutions from Jumana Capital

Acquisition Highlights
  • This is MidOcean Partners’ 1st and Jumana Capital’s 1st transaction in the Engineering sector.
  • This is MidOcean Partners’ 54th and Jumana Capital’s 1st transaction in the United States.
  • This is MidOcean Partners’ 3rd and Jumana Capital’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2024-08-15
Target SI Solutions
Sector Engineering
Buyer(s) MidOcean Partners
Jumana Capital
Sellers(s) Jumana Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)
Locke Lord (Legal)

Target

SI Solutions

Huntersville, North Carolina, United States
SI Solutions provides engineering, testing, inspection, compliance and maintenance services, digital solutions, and expert consulting for power and critical infrastructure end markets. SI Solutions is based in Huntersville, North Carolina.

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Buyer(S) 2

Buyer

MidOcean Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MidOcean Partners is a private equity firm focused on acquiring controlling interests in middle-market companies throughout North America. The Firm has a preference for consumer and business services sectors including automotive, food/beverage, retail, consumer products, information services, infrastructure services, training and more. MidOcean seeks opportunities valued between $150 and $750 million where it can commit $75 to $300 million. In addition to investing equity, MidOcean also looks to provide flexible credit solutions as well. MidOcean Partners was formed in 2003 and is based in New York, New York.

DEAL STATS #
Overall 59 of 60
Sector (Engineering) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 18 of 18
State (North Carolina) 3 of 3
Country (United States) 54 of 55
Year (2024) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-13 KidKraft

Dallas, Texas, United States

KidKraft is a global designer and marketer of branded innovative gifts, toys, play sets, furniture items, and juvenile products. KidKraft was founded in 1968 and is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-18 Arnott Industries

Merritt Island, Florida, United States

Arnott Industries is a global manufacturer of replacement air suspension parts and accessories for the automotive aftermarket. Arnott manufacturers a comprehensive offering of replacement air struts, air springs, compressors, and conversion kits with a superior reputation for quality and reliability. Arnott’s products are primarily sold through the leading aftermarket warehouse distributors and retailers serving the professional repair channel. Arnott Industries was founded in 1989 and is based in Merritt Island, Florida.

Buy -
Buyer

Jumana Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2020
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector (Engineering) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Jumana Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2020
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector (Engineering) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Mergr

Product

Company

Legal