M&A Deal Summary

MTN Capital Partners and Argosy Private Equity Acquire Global Power Products

On January 13, 2022, private equity firms MTN Capital Partners and Argosy Private Equity acquired electrical equipment company Global Power Products

Acquisition Highlights
  • This is MTN Capital Partners’ 2nd and Argosy Private Equity’s 3rd transaction in the Electrical Equipment sector.
  • This is MTN Capital Partners’ 7th and Argosy Private Equity’s 75th transaction in the United States.
  • This is MTN Capital Partners’ 1st and Argosy Private Equity’s 1st transaction in Georgia.

M&A Deal Summary

Date 2022-01-13
Target Global Power Products
Sector Electrical Equipment
Buyer(s) MTN Capital Partners
Argosy Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Global Power Products

Lawrenceville, Georgia, United States
Global Power Products focused on developing products in the utility-grade electrical transfer switch, electric meter, and electric safety markets. GPP's switches allow for an effortless installation as compared to conventional switches. Global Power Products was formed in 1995 and is based in Lawrenceville, Georgia.

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Buyer(S) 2

Buyer
DESCRIPTION

MTN Capital Partners LLC is a lower middle-market private equity firm focused on investing in North American companies. MTN will consider both healthy as well as distressed companies. Sectors of interest include manufacturing, business services, consumer products, specialty retail, restaurants, distribution, energy services, automotive, food/beverage, healthcare, marketing services, chemicals, and communications. For healthy companies, MTN targets businesses with at least $10 million in revenues and $2 to $15 million of EBITDA, and for distressed situations. MTN Capital Partners was founded in 2003 and is based in New York City.


DEAL STATS #
Overall 8 of 8
Sector (Electrical Equipment) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 5 of 5
State (Georgia) 1 of 1
Country (United States) 7 of 7
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-24 JSI Store Fixtures

Milo, Maine, United States

JSI Store Fixtures is a designer and manufacturer of high-quality refrigerated and non-refrigerated wood merchandising displays for the supermarket industry. JSI Store Fixtures was first to market with a patented line of closed-cell foam merchandising surfaces for produce. JSI Store Fixtures’ merchandising displays are used by many of North America’s top supermarkets, grocery, and food retail chains. JSI was founded in 1991 and is based in Milo, Maine.

Sell $90M
Buyer

Argosy Private Equity

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 575M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argosy Private Equity is the private equity arm of Argosy Capital, an asset management firm. Argosy Private Equity provides both debt and equity capital to lower middle-market companies located throughout the US. Argosy focuses on growth companies with experienced management teams and revenues between $15 and $100 million and EBITDA of $3 to $9 million. Argosy looks to invest $5 - $20 million per transaction. Specific areas of interest include manufacturing, business services, franchising and Value added distributions. The Firm will consider a variety of transaction types, including MBO’s, recapitalizations, growth equity and acquisitions. Argosy was formed in 1990 and is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 75 of 86
Sector (Electrical Equipment) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 42 of 52
State (Georgia) 1 of 2
Country (United States) 75 of 86
Year (2022) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-27 Ultra

Howell, Michigan, United States

Ultra is a manufacturer of ornamental aluminum fencing, pool fences, custom gates, and accessories. Ultra was founded in 1996 and is based in Howell, Michigan.

Sell $25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-18 Preco

Lenexa, Kansas, United States

Preco is a designer and manufacturer of precision automated processing systems for high speed and high accuracy cutting, perforating, welding, and other specialized industrial processing applications. With our proprietary die cutting and laser-based manufacturing capabilities, we've also become one of the largest contract manufacturing service (CMS) providers in North America. Preco was founded in 1978 and is based in Lenexa, Kansas.

Buy -