M&A Deal Summary

Monomoy Capital Partners Acquires Motorsport Aftermarket Group

On November 15, 2017, private equity firm Monomoy Capital Partners acquired automotive company Motorsport Aftermarket Group from Crescent Capital Group, York Street Capital Partners and Leonard Green & Partners for 300M USD

Acquisition Highlights
  • This is Monomoy Capital Partners’ 5th transaction in the Automotive sector.
  • This is Monomoy Capital Partners’ 3rd largest (disclosed) transaction.
  • This is Monomoy Capital Partners’ 28th transaction in the United States.
  • This is Monomoy Capital Partners’ 2nd transaction in Texas.

M&A Deal Summary
Date 2017-11-15
Target Motorsport Aftermarket Group
Sector Automotive
Buyer(s) Monomoy Capital Partners
Sellers(s) Crescent Capital Group
York Street Capital Partners
Leonard Green & Partners
Deal Type Recapitalization
Deal Value 300M USD

Target

Motorsport Aftermarket Group

Coppell, Texas, United States
Motorsport Aftermarket Group (MAG) is a large distributor and manufacturer of branded aftermarket products for the powersports industry in North America. MAG provides dealers, e-commerce sites and their enthusiast end-users with parts, accessories and apparel for motorcycles, ATVs and UTVs. The Company’s brands include Vance & Hines, Kuryakyn, Performance Machine, QuadBoss, DragonFire and ProTaper. Motorsport Aftermarket Group was formed in 2000 and is based in Coppell, Texas.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

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 28 of 44
Sector (Automotive) 5 of 5
Type (Recapitalization) 1 of 1
State (Texas) 2 of 3
Country (United States) 28 of 44
Year (2017) 4 of 4
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-30 Katun

Minneapolis, Minnesota, United States

Katun Corp. is a provider of OEM-equivalent imaging supplies, photoreceptors, parts and fuse rollers for copiers. The Company sells more than 5,000 products to copier dealers and distributors around the world. Katun was founded in 1979 and is based in Minneapolis, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-21 Consolidated Hospitality Supplies

Vernon Hills, Illinois, United States

Consolidated Hospitality Supplies is a multi-brand, shared-services hotel distribution company and a leading provider of OS&E. The Company has a diverse product portfolio, offering over 3,600 different SKUs within categories that include bed and bath linens, guest care amenities, housekeeping supplies, in-room accessories, electronics and appliances, and foodservice supplies. CHS offers unified distribution through two brands, American Hotel Register and Amtex.

Sell -

Seller(S) 3

SELLER

Crescent Capital Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1991
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crescent Capital is a provider of debt securities to middle-market companies. Crescent looks to issue senior bank loans, high yield bonds, mezzanine debt and distressed debt to fund a variety of needs. The FIrm's direct lending group looks to provide $10 to $30 million to sponsor-backed companies that generate $5 to $35 million of EBITDA. Crescent's mezzanine practice typically provides junior capital to support buyouts, recapitalizations, and refinancings. Crescent Capital was formed in 1991 and was originally known as TCW/Crescent Mezzanine. The Firm has offices in Los Angeles, Boston, New York, and London.

DEAL STATS #
Overall 40 of 47
Sector (Automotive) 3 of 3
Type (Recapitalization) 3 of 3
State (Texas) 2 of 3
Country (United States) 34 of 40
Year (2017) 3 of 3
Size (of disclosed) 17 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-23 GrapeTree Medical Staffing

Milford, Iowa, United States

GrapeTree Medical Staffing is a healthcare staffing agency that provides staffing solutions to healthcare facilities across the Midwest by providing healthcare professionals to fill last-minute or long-term shifts left by staffing shortages. GrapeTree Medical Staffing was founded in 1999 and is based in Milford, Iowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-06 Tate’s Bake Shop

Southampton, New York, United States

Tate’s is a premium, consumer branded producer of gourmet cookies and other baked goods marketed throughout the United States. Tate’s has been one of the fastest growing biscuit brands in the United States over the last 12 months. The brand’s sales have quadrupled over the past five years. Tate’s Bake Shop is the home of America’s top-rated chocolate chip cookie, available at grocery stores, gourmet shops and natural food stores nationwide, as well as online.

Sell $500M
SELLER

York Street Capital Partners

Bedminster, New Jersey, United States

Investor

Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 559M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

York Street Capital Partners is an investment firm focused on providing mezzanine and equity capital to private equity sponsors. York Street looks to fund acquisitions, buyouts, growth capital, and recapitalizations of middle-market companies. Target sectors include consumer products and services, business services, manufacturing and industrial, aerospace, retail, restaurants, healthcare, transportation and logistics, food, and agriculture. York Street Capital Partners was formed in 2002 and is based in Bedminster, New Jersey.

DEAL STATS #
Overall 16 of 17
Sector (Automotive) 1 of 1
Type (Recapitalization) 2 of 2
State (Texas) 2 of 2
Country (United States) 14 of 15
Year (2017) 2 of 2
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 Lexington Home Brands

Thomasville, North Carolina, United States

Lexington Home Brands is a manufacturer and marketer of residential and contract furnishings and a recognized industry leader in innovative design and lifestyle marketing. The company’s product line encompasses a broad range of medium and upper-end casegoods and upholstered furniture, with highly recognized brand names that include Lexington(r), Tommy Bahama Home(r), Tommy Bahama Outdoor Living(r), Sligh(r), and Henry Link Trading Co.(r) Products are distributed through home furnishings retailers, independent design professionals, design firms, and to-the-trade showrooms. The Company was formed in 1903 and is based in Thomasville, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-18 The Service Companies

Miami, Florida, United States

The Service Companies is a provider of managed services, food and beverage staffing, and specialty cleaning services for the hospitality and gaming industries. The Service Companies operates nationally, providing services ranging from turn-key housekeeping and stewarding services to EVS cleaning of public areas, kitchens, windows, and chandeliers to fully trained staffing services.

Sell -
SELLER

Leonard Green & Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.

DEAL STATS #
Overall 31 of 54
Sector (Automotive) 1 of 1
Type (Recapitalization) 2 of 2
State (Texas) 6 of 9
Country (United States) 30 of 51
Year (2017) 3 of 3
Size (of disclosed) 12 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-15 MDVIP

Boca Raton, Florida, United States

MDVIP is a personalized healthcare program that empowers people to reach their health and wellness goals through in-depth knowledge, expertise, and one-on-one coaching with an affiliated primary care doctor. The company's model was created with the hope and vision of bringing more life to more lives both young and old by putting impersonal healthcare practices and tactics aside and embracing a new way of healing. MDVIP was founded in 2000 and is based in Boca Raton, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-29 ProMach

Covington, Kentucky, United States

ProMach is a provider of complete packaging machinery solutions, engineering and integration services, and related aftermarket products and services. ProMach brands operate across the entire packaging spectrum: filling and capping, flexibles, pharma, product handling, labeling and coding, and end of line. ProMach also provides Performance Services including integrated solutions, design/build, engineering services, and productivity software to optimize packaging line design and deliver maximum uptime. ProMach was founded in 1998 and is based in Covington, Kentucky.

Buy -
Mergr

Product

Company

Legal