M&A Deal Summary

LCP Private Equity and Nancy Creek Capital Management Acquire Rhopac

On December 10, 2012, private equity firm LCP Private Equity and mezzanine finance firm Nancy Creek Capital Management acquired manufacturer Rhopac from Cornerstone Industrial Group

Acquisition Highlights
  • This is LCP Private Equity’s 3rd and Nancy Creek Capital Management’s 3rd transaction in the Manufacturing sector.
  • This is LCP Private Equity’s 5th and Nancy Creek Capital Management’s 13th transaction in the United States.
  • This is LCP Private Equity’s 1st and Nancy Creek Capital Management’s 1st transaction in Illinois.

M&A Deal Summary

Date 2012-12-10
Target Rhopac
Sector Manufacturing
Buyer(s) LCP Private Equity
Nancy Creek Capital Management
Sellers(s) Cornerstone Industrial Group
Deal Type Secondary Buyout
Advisor(s) Candlewood Partners (Financial)

Target

Rhopac

Libertyville, Illinois, United States
Rhopac is a fabricator and converter of flexible, non-metallic materials into tight tolerance parts and components that include diaphragms, seals, pressure-sensitive tapes, gaskets, and vibration control & sound dampening solutions. Rhopac was founded in 1932 and is based in Libertyville, Illinois.

Search 214,239 Deals Now

SEARCH BY

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

Try Free

Buyer(S) 2

Buyer

LCP Private Equity

Birmingham, Alabama, United States

Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

LCP Private Equity is a lower middle-market private equity firm focused on acquiring controlling interests in manufacturing, value-add distribution, and business service companies. LCP generally targets companies based in the Southeast US with revenues of $5 to $40 million. The Firm will consider underperforming/distressed situations, as well as profitable companies in need of capital for growth or liquidity needs. LCP Private Equity is based in Birmingham, Alabama.


DEAL STATS #
Overall 5 of 5
Sector: Manufacturing M&A 3 of 3
Type: Secondary Buyout M&A Deals 2 of 2
State: Illinois M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2012 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-10 Gasko Fabricated Products Co.

Middlefield, Ohio, United States

Gasko Fabricated Products Co. is a specialist in die-cutting nonmetallic materials with custom fabrication capabilities, Gasko offers a variety of products and processes that utilize a broad breadth of materials. Gasko Fabricated Products is based in Middlefield, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-25 Gasko Fabricated Products Co.

Middlefield, Ohio, United States

Gasko Fabricated Products Co. is a specialist in die-cutting nonmetallic materials with custom fabrication capabilities, Gasko offers a variety of products and processes that utilize a broad breadth of materials. Gasko Fabricated Products is based in Middlefield, Ohio.

Sell -
Buyer

Nancy Creek Capital Management

Atlanta, Georgia, United States

Investor Investor


Category Mezzanine Finance Firm
Founded 2005
PE ASSETS 138M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Nancy Creek Capital (NCP) is a provider of equity and mezzanine capital to small and medium-sized companies throughout the Southeast US. NCP focuses profitable businesses with experienced management teams. The Firm targets companies with $10 to $100 million in sales and at least $1 million in EBITDA. NCP looks to invest $1 to $5 million per transaction (up to $10 million with co-investors). Areas of interest include manufacturing, healthcare, distribution, services, and technology. In addition to funding businesses, NCP also provides financing for real estate opportunities, including commercial, industrial, office, single and multi-family residential projects. The Firm will not invest in startups or turnaround situations. Nancy Creek Capital is a unit of The Branch-Shelton Company LLC. The Firm was formed in 2005 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 13 of 13
Sector: Manufacturing M&A 3 of 3
Type: Secondary Buyout M&A Deals 3 of 3
State: Illinois M&A 1 of 1
Country: United States M&A 13 of 13
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-10 Gasko Fabricated Products Co.

Middlefield, Ohio, United States

Gasko Fabricated Products Co. is a specialist in die-cutting nonmetallic materials with custom fabrication capabilities, Gasko offers a variety of products and processes that utilize a broad breadth of materials. Gasko Fabricated Products is based in Middlefield, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-04 Relevate

Springfield, Virginia, United States

Relevate provides robust data solutions and data-management services. Relevate is based in Springfield, Virginia.

Sell -

Seller(S) 1

SELLER

Cornerstone Industrial Group

Chagrin Falls, Ohio, United States

Investor


Category Private Equity Firm
Founded 1998
Size Small
Type Sector Agnostic
DESCRIPTION

Cornerstone Industrial is a private investment firm that looks to acquire and invest in privately held industrial companies in the Great Lakes area of the US and Canada. Cornerstone seeks companies with operating income under $5 million. Specific areas of interest include rubber and plastics products; manufacturers of industrial machinery; fabricated metal products; measuring instruments; industrial products; refractory and ceramic products; value-added distributors; and niche business services. Cornerstone acquires majority interests only. Cornerstone will not invest in startups or companies with high customer concentration. Cornerstone Industrial was formed in 1997 and is based in Chagrin Falls, Ohio.


DEAL STATS #
Overall 2 of 3
Sector: Manufacturing M&A 2 of 3
Type: Secondary Buyout M&A Deals 2 of 3
State: Illinois M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-10 Gasko Fabricated Products Co.

Middlefield, Ohio, United States

Gasko Fabricated Products Co. is a specialist in die-cutting nonmetallic materials with custom fabrication capabilities, Gasko offers a variety of products and processes that utilize a broad breadth of materials. Gasko Fabricated Products is based in Middlefield, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-31 Swiss-Tech

Delavan, Wisconsin, United States

Swiss-Tech is a niche manufacturer of low-volume, highly engineered, small, precision-machined parts for the aerospace, medical, fluid power, and industrial markets. Swiss-Tech was founded in 1965 and is based in Delavan, Wisconsin.

Sell -