Investment Summary

Canal Holdings and Monhegan Partners Invest In Micorp Custom Auto & Truck

On November 10, 2016, mezzanine finance firm Canal Holdings and private equity firm Monhegan Partners invested in automotive company Micorp Custom Auto & Truck

Investment Highlights
  • This is Canal Holdings’ 1st and Monhegan Partners’ 1st transaction in the Automotive sector.
  • This is Canal Holdings’ 9th and Monhegan Partners’ 1st transaction in the United States.
  • This is Canal Holdings’ 1st and Monhegan Partners’ 1st transaction in Massachusetts.

Investment Summary

Date 2016-11-10
Target Micorp Custom Auto & Truck
Sector Automotive
Investor(s) Canal Holdings
Monhegan Partners
Deal Type Growth Capital

Target

Micorp Custom Auto & Truck

Shrewsbury, Massachusetts, United States
Micorp Custom Auto & Truck is a mobile installer in New England of vehicle accessories like remote starters, BlueTooth, backup cameras and sensors, leather, moon roofs, and mobile video systems. Micorp Custom Auto & Truck was founded in 1987 and is based in Shrewsbury, Massachusetts.

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Investor(S) 2

Investor

Canal Holdings


Category Mezzanine Finance Firm
Founded 2005
PE ASSETS 35M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Canal Holdings is a private equity firm investing junior capital (subordinated debt and minority equity) in growing businesses at the smaller end of the middle-market. Canal provides investment capital and strategic insight to the owners and management teams of closely held companies. Companies seek Canal’s investment to finance growth, acquisitions, buy?outs and recapitalizations. Canal looks to invest with independent sponsors and experienced management teams. Canal Holdings was formed in 2005 and is headquartered in Twinsburg, Ohio.


DEAL STATS #
Overall 9 of 9
Sector: Automotive M&A 1 of 1
Type: Growth Capital M&A Deals 3 of 3
State: Massachusetts M&A 1 of 1
Country: United States M&A 9 of 9
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Advantage RN

West Chester, Ohio, United States

Advantage RN LLC is an independent Healthcare staffing company employing RN’s and other healthcare professionals for travel assignments at hospitals and other medical facilities across the country. Advantage RN is based in West Chester, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Parker Insights

Milford, Ohio, United States

Parker Insights provides custom market research to build strong, compelling brands. Parker Insights was founded in 1985 and is based in Milford, Ohio.

Sell -
DESCRIPTION

Monhegan Partners is a private equity firm focused on acquiring middle-market manufacturing, distribution and service businesses. The Firm looks to invest $10 to $35 million in companies valued up to $125 million. Monhegan will consider opportunities throughout North America. Specific areas of interest include building products, branded food, consumer packaged goods, engineered industrial components, plastics, packaging, specialty chemicals, and distribution/logistics. Monhegan Partners is based in Rowayton, Connecticut.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1