M&A Deal Summary |
|
|---|---|
| Date | 2022-11-30 |
| Target | Manitowoc Tool & Machining |
| Sector | Manufacturing |
| Buyer(s) |
Midwest Growth Partners
Summit Equity Group NewSpring Capital |
| Sellers(s) | Merit Capital Partners |
| Deal Type | Secondary Buyout |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2013 |
| PE ASSETS | 325M USD |
| Size | Middle-Market |
| Type | Sector Focused |
Midwest Growth Partners is a private equity firm focused on investing in established, growing businesses throughout rural areas across the country. The Firm targets businesses operating in the food, agriculture, manufacturing, and distribution sectors with $4 to $100 million in revenue. Midwest Growth Partners provides a variety of debt and equity capital and seeks to commit $500k to $10 million per investment. Midwest Growth Partners was formed in 2013 and is headquartered in Des Moines, Iowa.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 15 |
| Sector (Manufacturing) | 3 of 3 |
| Type (Secondary Buyout) | 2 of 2 |
| State (Wisconsin) | 2 of 2 |
| Country (United States) | 14 of 15 |
| Year (2022) | 4 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-04-07 |
Ullman Oil
Chagrin Falls, Ohio, United States Ullman Oil is a full-service provider and distributor of gasoline, diesel fuel, bio-diesel, home heating oil and lubricants to commercial, industrial, and residential customers. Ullman Oil was established in 1966 and is based in Chagrin Falls, Ohio. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-13 |
Mach
Finksburg, Maryland, United States Mach enables off-highway equipment automation for OEM’s by providing custom hardware and software solutions. Mach is formed in 2022 and is based in Finksburg, Maryland. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2004 |
| Size | Small |
| Type | Sector Agnostic |
Summit Equity Group is a private investment group focused on acquiring small to medium-sized private companies with the potential to grow through new ownership. Summit looks for profitable businesses $4 to $12 million of EBITDA and generating $20 to $75 million in revenue. Summit is a generalist investor, but has a preference for companies in basic industries such as manufacturing, value-added distribution, or business services. Summit Equity was formed in 2004 and is based in Des Moines, Iowa.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 7 |
| Sector (Manufacturing) | 2 of 2 |
| Type (Secondary Buyout) | 1 of 1 |
| State (Wisconsin) | 1 of 1 |
| Country (United States) | 7 of 7 |
| Year (2022) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-08-09 |
CAI Custom Alloys
Belvidere, Illinois, United States CAI Custom Alloys is a quality driven processor of aerospace, high temperature and industrial alloys and metals. CAI Custom Alloys supply fully prepared scrap alloys, pure metals, and raw materials for vacuum and air melt applications. All products are individually sorted and analyzed for the greatest accuracy. CAI Custom Alloys was founded in 2009 and is based in Belvidere, Illinois. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 3.5B USD |
| Size | Large |
| Type | Sector Agnostic |
NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 180 of 200 |
| Sector (Manufacturing) | 12 of 13 |
| Type (Secondary Buyout) | 10 of 10 |
| State (Wisconsin) | 3 of 4 |
| Country (United States) | 176 of 196 |
| Year (2022) | 10 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-09-21 |
D2K Traffic Safety
Naperville, Illinois, United States D2K Traffic Safety is an industrial service business specializing in traffic safety services including traffic control, pavement marking, signing, and flagging. D2K’s primary customers include Heavy-Highway contractors, municipalities, utility firms and contractors, airports, and developers in the Chicagoland area. D2K Traffic Safety was founded in 2013 and is based in Naperville, Illinois. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-08 |
Jor-Mac
Lomira, Wisconsin, United States Jor-Mac is a manufacturer of metal fabrications and electromechanical-assemblies for OEMs in the HVAC, industrial automation, and back-up power / grid infrastructure space. Jor-Mac was founded in 1952 and is based in Lomira, Wisconsin. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 2.2B USD |
| Size | Large |
| Type | Sector Agnostic |
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 | 51 of 52 |
| Sector (Manufacturing) | 6 of 6 |
| Type (Secondary Buyout) | 20 of 20 |
| State (Wisconsin) | 6 of 6 |
| Country (United States) | 50 of 51 |
| Year (2022) | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-11-22 |
Rose Paving
Bridgeview, Illinois, United States Rose Paving is a provider of professional preventative and restorative parking lot maintenance services to businesses throughout the U.S., Canada and Puerto Rico. Rose performs its services nationally through its six satellite offices and a network of 1,200 alliance members. Rose delivers its services to retail, hospitality, health care and apartment companies with multiple locations. Rose Paving was founded in 1969 and is based in Bridgeview, Illinois. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-07 |
Good Giant
Mobile, Alabama, United States Good Giant provides comprehensive marketing services with a focus on casino resorts, as well as select brands in consumer packaged goods, finance and tech. Good Giant was founded in 1977 and is based in Mobile, Alabama. |
Buy | - |
