M&A Deal Summary

Monogram Capital Partners and Capital Southwest Acquire Tru Fragrance + Beauty

On April 2, 2024, private equity firm Monogram Capital Partners and business development company Capital Southwest acquired consumer products company Tru Fragrance + Beauty

Acquisition Highlights
  • This is Monogram Capital Partners’ 4th and Capital Southwest’s 3rd transaction in the Consumer Products sector.
  • This is Monogram Capital Partners’ 12th and Capital Southwest’s 49th transaction in the United States.
  • This is Monogram Capital Partners’ 1st and Capital Southwest’s 4th transaction in Illinois.

M&A Deal Summary

Date 2024-04-02
Target Tru Fragrance + Beauty
Sector Consumer Products
Buyer(s) Monogram Capital Partners
Capital Southwest
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Kilpatrick Townsend & Stockton (Legal)

Target

Tru Fragrance + Beauty

Willowbrook, Illinois, United States
Tru Fragrance + Beauty designs, produce, and market fragrance & beauty brands that intimately connect with consumers. Tru Fragrance + Beauty was founded in 1969 and is based in Willowbrook, Illinois.

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Buyer(S) 2

DESCRIPTION

Monogram Capital Partners is a consumer and retail focused private equity firm. The Firm looks for businesses with strong/differentiated brands with revenues of $5 to $250 million. Specific areas of interest include food/beverage, restaurants, consumer healthcare, animal health, beauty/personal care, and apparel/accessories. Monogram was formed in 2014 and is based in Beverly Hills, California.


DEAL STATS #
Overall 12 of 13
Sector (Consumer Products) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Illinois) 1 of 1
Country (United States) 12 of 13
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-28 Western Smokehouse Partners

Galesburg, Illinois, United States

Western Smokehouse Partners provides manufacturing solutions for the top brands and retailers in premium, crafted protein snacks. The company provides co-manufactured, private-label, and branded meat snacks. It operates four facilities throughout the Midwestern United States. Western Smokehouse Partners is based in Galesburg, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-23 Precision Garage Door Tri-State

Titusville, Florida, United States

Precision Door Service is a garage door repair company providing garage door replacement, repair, and installation services across the tri-state area. Precision Door Service was founded in 1985 and is based in Titusville, Florida.

Buy -
DESCRIPTION

Capital Southwest Corp. is a credit focused business development company focused on providing financing to profitable, mid-sized companies throughout the US. The Firm doesn't have any sector preferences and will consider a variety of investment structures. Capital Southwest Corp. was originally established in 1961 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 50 of 50
Sector (Consumer Products) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 11 of 11
State (Illinois) 4 of 4
Country (United States) 49 of 49
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-25 FS Vector

Washington, District of Columbia, United States

FS Vector is a strategic consulting firm that delivers a range of advisory and advocacy solutions to fintech clients, including business strategy, regulatory, compliance, licensing, training, technology, government relations, and public policy matters. FS Vector was founded in 2018 and is based in Washington DC.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-01 USA DeBusk

Deer Park, Texas, United States

USA DeBusk is a provider of highly specialized mechanical and industrial cleaning services including hydro blasting, transportation services, hydro cutting, vacuum services, chemical cleaning, hydro excavation, pigging and decoking services, hot and fixed bed inert catalyst handling and cleaning services, and specialty turnaround services. The company operates out of 22 field offices, providing services for customers in a wide variety of end-markets such as the downstream refining, petrochemical, power generation, and manufacturing sectors. USA DeBusk was founded in 2012 and is based in Deer Park, Texas.

Sell -