M&A Deal Summary

Neo Lights Holdings Acquires Simkar

On May 30, 2018, Neo Lights Holdings acquired electrical equipment company Simkar from Salem Halifax Capital Partners, Argosy Private Equity and Taglich Private Equity

Acquisition Highlights
  • This is Neo Lights Holdings’ 1st transaction in the Electrical Equipment sector.
  • This is Neo Lights Holdings’ 1st transaction in the United States.
  • This is Neo Lights Holdings’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2018-05-30
Target Simkar
Sector Electrical Equipment
Buyer(s) Neo Lights Holdings
Sellers(s) Salem Halifax Capital Partners
Argosy Private Equity
Taglich Private Equity
Deal Type Add-on Acquisition

Target

Simkar

Philadelphia, Pennsylvania, United States
Simkar Corp. is a manufacturer of linear and compact fluorescent, exit and emergency, HID and vandal resistant lighting fixtures for commercial, industrial and residential applications.

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Buyer(S) 1

Buyer

Neo Lights Holdings

New York, New York, United States
Category Company
Sector Semiconductors
DESCRIPTION

Neo Lights Holdings, Inc. is a renewable energy technology company developing and manufacturing LED technologies, smart sensors and networking systems.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 3

SELLER

Salem Halifax Capital Partners

Marietta, Georgia, United States
Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 105M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Salem Halifax Capital Partners is a mezzanine investment firm that targets investments in traditional manufacturing, distribution, and service businesses located in the Southeast US. Salem looks to commit $2 to $10 million of junior capital in companies with predictable cash-flows and sales of $10 to $75 million. Salem Halifax was originally formed in 1999 and was known as Venture Capital Solutions from 1999 to 2004. Salem has offices in Winston-Salem, North Carolina, and Atlanta, Georgia.

DEAL STATS #
Overall 8 of 10
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (Pennsylvania) 3 of 3
Country (United States) 8 of 10
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-13 Nutrition Physiology

Guymon, Oklahoma, United States

Nutrition Physiology Co. LLC is a researcher, developer, marketer and supplier of natural and organic, feed additives designed to improve overall herd health and feed efficiency in cattle feedlots and dairies.

Sell $185M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-30 K2 Industrial Services

Houston, Texas, United States

K2 Industrial Services is a provider of industrial coatings, insulation, fireproofing, industrial cleaning, scaffolding, roofing, refractory, and metal building erection services. K2 Industrial Services, Inc. was founded in 1995 and is based in Houston, Texas.

Sell -
SELLER

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 32 of 52
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 20 of 38
State (Pennsylvania) 9 of 16
Country (United States) 32 of 52
Year (2018) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-16 GenServe

Bay Shore, New York, United States

GenServe is an independent provider of scheduled and emergency power generator maintenance, repair and sales in the North Atlantic region serving commercial customers in various industries. GenServe was formed in 1990 and is headquartered in Plainview, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-24 Quantum Global Technologies

Dublin, Pennsylvania, United States

Quantum Global Technologies LLC is a provider of ultra-high purity outsourced parts cleaning (OPC), process tool part recoating, surface treatment and analytical services to the semiconductor and related industries. Quantum Global Technologies was founded in 2000 and is based in Dublin, Pennsylvania.

Sell $400M
SELLER

Taglich Private Equity

New York, New York, United States
Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Taglich Private Equity is a private equity firm focused on investing in US-based, lower middle market manufacturing, business service, and consumer product companies. The Firm prefers businesses with strong growth prospects and leading market positions. Taglich looks to invest $3 to $20 million and will consider funding a variety of investment situations - including management buyouts, recapitalizations, secondary buyouts, ownership transitions, divestitures, and growth capital financings. Taglich Private Equity was formed in 2001 and is based in New York City.

DEAL STATS #
Overall 14 of 17
Sector (Electrical Equipment) 1 of 2
Type (Add-on Acquisition) 5 of 7
State (Pennsylvania) 1 of 2
Country (United States) 14 of 17
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-02 National Molding

Miami Lakes, Florida, United States

National Molding is a specialty manufacturer of small, intricate injection molded plastic components and fasteners for a diverse range of world class customers. NMC’s proprietary Hetero Cavity® System uses quick change modular, interchangeable tools which allow NMC to manufacture multiple, unrelated products within one production run and continually change and vary the mix based on customer demand. National Molding was founded in 1964 and is based in Miami Lakes, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-17 Defiance Metal Products

Defiance, Ohio, United States

Defiance Metal Products, Inc. is a full-service, precision manufacturer of low- to medium-volume, complex, engineered components and assemblies for the commercial vehicle market. Defiance serves original equipment manufacturers in the medium to heavy duty commercial truck, bus, military vehicle and commercial construction equipment markets.

Sell -
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