Investment Summary

Midwest Mezzanine Funds Invests In Dorsett Controls

On May 20, 2019, mezzanine finance firm Midwest Mezzanine Funds invested in information technology company Dorsett Controls

Investment Highlights
  • This is Midwest Mezzanine Funds’ 2nd transaction in the Information Technology sector.
  • This is Midwest Mezzanine Funds’ 65th transaction in the United States.
  • This is Midwest Mezzanine Funds’ 2nd transaction in North Carolina.

Investment Summary

Date 2019-05-20
Target Dorsett Controls
Sector Information Technology
Investor(s) Midwest Mezzanine Funds
Deal Type Growth Capital
Advisor(s) Bundy Group (Financial)

Target

Dorsett Controls

Yadkinville, North Carolina, United States
Dorsett Controls is a provider of supervisory control and data acquisition (“SCADA”) systems used to monitor water, wastewater, stormwater, energy management, air quality, security, and intelligent business controls. Dorsett Controls is based in Yadkinville, North Carolina.

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Investor(S) 1

Investor

Midwest Mezzanine Funds

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1992
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Midwest Mezzanine Funds (MMF) is a provider of junior capital to lower middle-market, US and Canadian companies. MMF looks to invest $4 to $15 million to support buyouts, acquisition financings, recapitalizations, and growth capital needs. Prospective companies generally have consistent profits ($3 million of EBITDA), low capital intensity, and sustainable competitive advantages. Broad areas of interest include manufacturing, value-added distribution, and services. MMF will not invest in high technology, energy, or real estate. Midwest Mezzanine was formed in 1992 and has offices in Chicago and Monroe, Michigan.


DEAL STATS #
Overall 65 of 81
Sector: Information Technology M&A 2 of 4
Type: Growth Capital M&A Deals 8 of 14
State: North Carolina M&A 2 of 2
Country: United States M&A 65 of 81
Year: 2019 M&A 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Daystar Products International

Phoenix, Arizona, United States

Daystar Products International is an automotive performance aftermarket parts manufacturer of lift and leveling kits and component parts for off- and on-road trucks, Jeep®, and multi-purpose vehicles. Daystar Products International was founded in 1977 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-29 CG Environmental

Fort Worth, Texas, United States

CG Environmental is an emergency response and hazardous/non-hazardous materials remediation and waste disposal company. With five corporate locations in Dallas-Fort Worth, Houston, Austin, San Antonio, and Denver, CG Environmental has the capability to address a variety of situations, including chemical spills, gas spills, and biological hazards. CG Environmental is based in Fort Worth, Texas.

Buy -