M&A Deal Summary

Milestone Venture Group Acquires Hendee Enterprises

On October 1, 2006, private equity firm Milestone Venture Group acquired building materials company Hendee Enterprises from The Catalyst Group

Acquisition Highlights
  • This is Milestone Venture Group’s 1st transaction in the Building Materials sector.
  • This is Milestone Venture Group’s 6th transaction in the United States.
  • This is Milestone Venture Group’s 5th transaction in Texas.

M&A Deal Summary
Date 2006-10-01
Target Hendee Enterprises
Sector Building Materials
Buyer(s) Milestone Venture Group
Sellers(s) The Catalyst Group
Deal Type Secondary Buyout

Target

Hendee Enterprises

Houston, Texas, United States
Hendee Enterprises is a manufacturer and distributor of commercial, structural, and fabric products for retailers and for industrial markets. Hendee Enterprises was founded in 1965 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Milestone Venture Group

Houston, Texas, United States

Investor Investor

Category Private Equity Firm
Founded 1997
Size Small
Type Sector Agnostic
DESCRIPTION

Milestone Venture Group is a private equity investment firm that focuses on acquiring small to mid market companies. Milestone focuses on investments in the Southwest US in sectors including distribution, manufacturing, service, and value-added processing. Milestone's investment horizon is four to six years. The Firm will not invest in start-ups, pure construction companies, real estate projects, energy exploration or high-tech companies where no revenue-producing product or service line exists. Milestone Venture Group is based in Houston, Texas.

DEAL STATS #
Overall 6 of 8
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Texas) 5 of 6
Country (United States) 6 of 7
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-01 Sweet Leaf Tea

Austin, Texas, United States

Sweet Leaf Tea Co. is a producer of iced teas, with flavors that include Original Sweet Tea, Mint & Honey Green Tea, Peach, Raspberry, Lemon & Lime, and other flavors.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-01 Oilfield Bearing Industries

Spring, Texas, United States

The company is a leading worldwide distributor of specialized bearings used in oilfield service equipment. The company maintains a larger supply of specialized oilfield bearings under one roof than any other distributor in the world. This transaction included a partial recapitalization of the company and the sale of a controlling interest in the company by the owners, who were also top management. Since the investment was made, the company has expanded internationally and now has offices in Canada, Scotland and the United Arab Emirates.

Sell -

Seller(S) 1

SELLER

The Catalyst Group

Houston, Texas, United States

Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1990
PE ASSETS 125M USD
Size Small
Type Sector Agnostic
DESCRIPTION

The Catalyst Group (TCG) is a private investment firm that provides both equity and mezzanine capital. The Firm looks for businesses in the distribution, healthcare, manufacturing, retail, service, and technology sectors. The Catalyst Group looks to invest $2 to $20 million in profitable companies valued up to $100 million. If potential opportunities are experiencing rapid growth, TCG will consider investing in smaller opportunities. Funds are generally used to support growth/acquisitions, recapitalizations, generational changes in ownership, and management buyouts of private companies or divestitures. The Catalyst Group was formed in 1990 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 3
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Texas) 1 of 3
Country (United States) 1 of 3
Year (2006) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-01 Datacert

Houston, Texas, United States

Datacert is a provider of technology, offering one of the first and most successful e-billing products to corporate legal departments and their law firms. We started with a simple goal, to securely move invoices electronically from firms to their corporate clients over the Internet. Datacert was founded in 1998 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-18 Greene s Energy

Houston, Texas, United States

Greene's Energy is an oilfield services company focused on the completion and production markets in South Texas, West Texas, and New Mexico and also has certain divisions in Louisiana. The company provides well testing, flow back, and frac support services including wellhead protection. Greene's Energy was founded in 1953 and is based in Houston, Texas.

Sell -
Mergr

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