M&A Deal Summary

Monomoy Capital Partners and Monroe Capital Acquire Liberty Safe

On August 25, 2021, private equity firm Monomoy Capital Partners and lender Monroe Capital acquired safety/security company Liberty Safe from Compass Diversified

Acquisition Highlights
  • This is Monomoy Capital Partners’ 1st and Monroe Capital’s 3rd transaction in the Safety/Security sector.
  • This is Monomoy Capital Partners’ 36th and Monroe Capital’s 87th transaction in the United States.
  • This is Monomoy Capital Partners’ 1st and Monroe Capital’s 2nd transaction in Utah.

M&A Deal Summary

Date 2021-08-25
Target Liberty Safe
Sector Safety/Security
Buyer(s) Monomoy Capital Partners
Monroe Capital
Sellers(s) Compass Diversified
Deal Type Divestiture

Target

Liberty Safe

Payson, Utah, United States
Liberty Safe is a provider of full-size residential safes in the U.S. The company offers the broadest line of home, gun, office, and commercial safes available from any one company. The company's products are offered under three popular brands–Liberty, National Security, and Centurion. Liberty Safe & Security Products was established in 1988 and is based in Payson, Utah.

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Buyer(S) 2

Buyer

Monomoy Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Monomoy Capital Partners is a private equity firm that invests in mid to large-sized companies valued up to $1 billion. Monomoy prefers cash flow positive companies with $20 to $100 million of EBITDA. Sectors of interest include automotive, industrial, distribution, consumer products, packaging, and transportation. Monomoy Capital Partners was formed in 2005 and is headquartered in New York City.


DEAL STATS #
Overall 36 of 44
Sector (Safety/Security) 1 of 2
Type (Divestiture) 3 of 6
State (Utah) 1 of 1
Country (United States) 36 of 44
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-14 West Marine

Fort Lauderdale, Florida, United States

West Marine is an omnichannel specialty retailer exclusively offering boating gear, apparel, footwear and other waterlife-related products. The Company has more than 250 stores located in 38 US states and Puerto Rico and an eCommerce website reaching domestic, international and professional customers. West Marine was founded in 1968 and is based in Fort Lauderdale, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-30 Friedrich Air Conditioning

San Antonio, Texas, United States

Friedrich Air Conditioning manufactures room air conditioning, dehumidification and air purification products for residential and commercial applications. Friedrich is among industry leaders in high-end air conditioning solutions for single room use in lodging, commercial and multi-family sectors. The company is based in San Antonio, Texas with manufacturing operations in Monterrey, Mexico and distribution centers in Texas and New Jersey.

Sell -
Buyer

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago.


DEAL STATS #
Overall 87 of 115
Sector (Safety/Security) 3 of 5
Type (Divestiture) 7 of 8
State (Utah) 2 of 2
Country (United States) 87 of 114
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-17 Nelbud

Indianapolis, Indiana, United States

Nelbud is a provider of commercial kitchen fire prevention and related maintenance services, including exhaust and ventilation system cleaning and inspection. Nelbud was founded in 1981 and is based in Indianapolis, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-23 MarkLogic

Redwood City, California, United States

MarkLogic is a provider of enterprise data integration and data management solutions. MarkLogic’s technology simplifies the integration of enterprise data across silos to provide immediate business value. MarkLogic Data Hub Service is a fully managed cloud data platform that is able to reliably assemble raw data, index it in real-time for powerful semantic search, and provide the ability to securely run operational and analytical applications at scale. MarkLogic was founded in 2001 and is based in Redwood City, California.

Buy -

Seller(S) 1

SELLER

Compass Diversified

Westport, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Compass Diversified is a holding company focused on acquiring controlling interests in profitable small to middle-market businesses in attractive niche industries. Compass generally looks for US-based companies with proven management in place, low technological and/or product obsolescence risk, diverse customers, and EBITDA of at least $20 million. Compass Diversified was founded in 1998 and is headquartered in Westport, Connecticut.


DEAL STATS #
Overall 13 of 15
Sector (Safety/Security) 1 of 1
Type (Divestiture) 1 of 1
State (Utah) 1 of 1
Country (United States) 12 of 14
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 Marucci

Baton Rouge, Louisiana, United States

Marucci is a manufacturer and distributor of baseball and softball equipment under the Marucci and Victus brands. Its product portfolio includes wood and metal bats, apparel and accessories, batting and fielding gloves, and bags and protective gear. Marucci Sports was established in 2009 and is based in Baton Rouge, Louisiana.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Lugano Diamonds & Jewelry

Newport Beach, California, United States

Lugano Diamonds & Jewelry is an international jewelry firm provides jewelry art in addition to being a leading jeweler to the ultra-high net worth clients. Each design is a signature creation by Lugano Diamonds, featuring artistic, one-of-a-kind settings. Lugano Diamonds & Jewelry was established in 1974 and is based in Newport Beach, California.

Buy $256M