Investment Summary

MidOcean Partners and Cannon Safe Invest In Stack-On Products

On August 2, 2017, private equity firm MidOcean Partners and Cannon Safe invested in safety/security company Stack-On Products

Investment Highlights
  • This is MidOcean Partners’ 1st and Cannon Safe’s 1st transaction in the Safety/Security sector.
  • This is MidOcean Partners’ 36th and Cannon Safe’s 1st transaction in the United States.
  • This is MidOcean Partners’ 3rd and Cannon Safe’s 1st transaction in Illinois.

Investment Summary
Date 2017-08-02
Target Stack-On Products
Sector Safety/Security
Investor(s) MidOcean Partners
Cannon Safe
Deal Type Stake Purchase
Advisor(s) Lincoln International (Financial)
Taft Stettinius & Hollister (Legal)

Target

Stack-On Products

Wauconda, Illinois, United States
Stack-On Products is a manufacturer and distributor of home safes, gun security products, garage storage and organizational products under the Stack-On Products, Sovereign and Sentinel brand name. Stack-On products are designed to meet the needs of homeowners, do-it-yourselfers, and sportsmen throughout the world. Stack-On security products include portable cases for protection on the go, small safes to secure valuables in the home or office, quick access gun safes for home defense, and an unmatched selection of gun cabinets and gun safes for secure firearm storage. Homeowners and do-it-yourselfers will find storage drawers and bins, tool boxes, workbenches, and a variety of large storage cabinets ideal for home or garage organization. Stack-On Products was founded in 1972 and is based in Wauconda, Illinois.

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Investor(S) 2

Investor

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 41 of 60
Sector (Safety/Security) 1 of 1
Type (Stake Purchase) 6 of 6
State (Illinois) 3 of 4
Country (United States) 36 of 55
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-17 Water Pik

Fort Collins, Colorado, United States

Water Pik, Inc. is a marketer and supplier of branded consumer and professional oral health products, replacement showerheads and sinus health products. Water Pik was founded in 1962 and is based in Fort Collins, Colorado.

Sell $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-04 BH Cosmetics

Burbank, California, United States

BH Cosmetics is a direct-to-consumer color cosmetics brand focused on the Millennial / Generation Z consumer. BH offers a full suite of high-quality color cosmetics including products for the face, lips, eyes, brows as well as brushes and accessories. BH Cosmetics is based in Burbank, California.

Buy -
Investor

Cannon Safe

Las Vegas, Nevada, United States
Category Company
Founded 1965
Sector Safety/Security
DESCRIPTION

Cannon Safe, Inc. is a manufacturer of high quality products including large scale safes, personal safes, home security products and quick access safes under the Cannon Safe, GunVault and Cannon Security Products brand names.

DEAL STATS #
Overall 1 of 1
Sector (Safety/Security) 1 of 1
Type (Stake Purchase) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Mergr

Product

Company

Legal