M&A Deal Summary

New State Capital Partners Acquires MakoRabco

On August 6, 2019, private equity firm New State Capital Partners acquired construction company MakoRabco

Acquisition Highlights
  • This is New State Capital Partners’ 1st transaction in the Construction sector.
  • This is New State Capital Partners’ 7th transaction in the United States.
  • This is New State Capital Partners’ 1st transaction in California.

M&A Deal Summary

Date 2019-08-06
Target MakoRabco
Sector Construction
Buyer(s) New State Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

MakoRabco

Carlsbad, California, United States
MakoRabco designs, supplies, and installs steel buildings for the self-storage industry. MakoRabco services include single-story, multi-story, conversions, custom buildings, auto, boat, & RV storage, building components, container storage, engineering services, metal building constructors, mobile, portable & container storage, and roofing. MakoRabco was founded in 1993 and is based in Carlsbad, California.

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Buyer(S) 1

Buyer

New State Capital Partners

Larchmont, New York, United States

Investor 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 7 of 19
Sector (Construction) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 9
State (California) 1 of 3
Country (United States) 7 of 18
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-15 Central Conveyor

Brighton, Michigan, United States

Central Conveyor Co. Inc. design and build high quality customized material handling and conveyance systems for the automotive industry. Today, the Company is a turn-key systems integrator with a complete portfolio of industry solutions for the automotive, parcel & logistics, and warehouse & distribution markets. Central Conveyor designs, engineers, and implements right application, right fit automated systems to provide customers with a competitive industry advantage. Its full-service solutions offer comprehensive storage and retrieval systems, including custom controls and integration services and electrical field wiring and support.

Sell $140M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-22 Computer Data Source

Eatontown, New Jersey, United States

Computer Data Source is a provider of enterprise-level data center third-party maintenance, focused on high-end data storage. CDS operates in over 50 countries and partners with major technology service providers to deliver installation, implementation, support, training, and data center administration services to end-users across a broad range of industries. Computer Data Source was founded in 1990 and is based in Eatontown, New Jersey.

Buy -