M&A Deal Summary

New State Capital Partners Acquires KMS

On December 2, 2020, private equity firm New State Capital Partners acquired distribution company KMS

Acquisition Highlights
  • This is New State Capital Partners’ 1st transaction in the Distribution sector.
  • This is New State Capital Partners’ 11th transaction in the United States.
  • This is New State Capital Partners’ 1st transaction in Kansas.

M&A Deal Summary

Date 2020-12-02
Target KMS
Sector Distribution
Buyer(s) New State Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

KMS

Wichita, Kansas, United States
KMS is a wholesale reseller of closeout consumer products in the U.S. The Company provides a solution for brands to monetize excess or reconditioned inventory and supplies off-price and alternative sales channels with branded products at attractive price points. KMS was founded in 1977 and is based in Wichita, Kansas.

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Buyer(S) 1

Buyer

New State Capital Partners

Larchmont, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

New State Capital Partners is a private investment group focused on middle-market opportunities in the business services, healthcare and industrial sectors. The Firm will consider both majority and minority investments in funding a variety of situations. New State can invest up to $100 million in transactions valued up to $250 million. The Firm was formed in 2013 and is based in New York City.


DEAL STATS #
Overall 11 of 19
Sector (Distribution) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 9
State (Kansas) 1 of 1
Country (United States) 11 of 18
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 Klein Hersh

Horsham, Pennsylvania, United States

Klein Hersh delivers high-level, senior hires for some of the world’s foremost pharmaceutical, biotech and healthcare companies. Klein Hersh uses its relationships and deep subject matter expertise to match its clients with C-Suite executives. The Company employs a consultative, proactive approach to help its customers grow faster. Klein Hersh was founded in 1998 and is based in Horsham, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 ArborWorks

Oakhurst, California, United States

ArborWorks is a professional tree care firm that specializes in utility line clearance and vegetation management in the western United States. ArborWorks was founded in 2003 and is based in Oakhurst, California.

Buy -