Investment Summary

NewCastle Partners and Farragut Capital Partners Invest In Amglo Kemlite Laboratories

On September 9, 2019, private equity firm NewCastle Partners and mezzanine finance firm Farragut Capital Partners invested in electrical equipment company Amglo Kemlite Laboratories

Investment Highlights
  • This is NewCastle Partners’ 1st and Farragut Capital Partners’ 3rd transaction in the Electrical Equipment sector.
  • This is NewCastle Partners’ 12th and Farragut Capital Partners’ 72nd transaction in the United States.
  • This is NewCastle Partners’ 3rd and Farragut Capital Partners’ 4th transaction in Illinois.

Investment Summary
Date 2019-09-09
Target Amglo Kemlite Laboratories
Sector Electrical Equipment
Investor(s) NewCastle Partners
Farragut Capital Partners
Deal Type Growth Capital

Target

Amglo Kemlite Laboratories

Bensenville, Illinois, United States
Amglo Kemlite Laboratories is a manufacturer of specialty xenon and halogen lamps used in a range of niche applications, including aircraft runway lamps, aircraft-mounted navigation lights, railroad headlamps, emergency vehicle lamps, obstruction warning lamps, and other medical and industrial lamps. Amglo Kemlite Laboratories was founded in 1935 and is based in Bensenville, Illinois.

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Investor(S) 2

Investor

NewCastle Partners

Greenwich, Connecticut, United States

Investor

Category Private Equity Firm
Founded 2001
Size Small
Type Sector Focused
DESCRIPTION

NewCastle Partners is an independent investment firm focused on acquiring smaller middle-market companies in partnership with management. The Firm targets profitable, US-based businesses with defensible market positions. Prospective companies generally have at least $2 million in EBITDA and generate sales of $10 to $50 million. Sectors of interest include niche manufacturing and specialty distribution. Target transactions include recapitalizations, buyouts, growth capital financings, and consolidations. NewCastle was formed in 2001 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 12 of 13
Sector (Electrical Equipment) 1 of 1
Type (Growth Capital) 1 of 1
State (Illinois) 3 of 3
Country (United States) 12 of 13
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-09 World Dryer

Berkeley, Illinois, United States

World Dryer Corp. is a manufacturer and worldwide distributor of warm air hand dryers for commercial bathrooms. World Dryer was founded in 1948 and is based in Berkeley, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-14 SPG

Atlanta, Georgia, United States

SPG manufactures and supplies commercial-grade, steel, stainless steel, and aluminum materials handling and storage products used in a variety of end-markets including industrial distribution, food service, and grocery and convenience stores. It primarily sells to the domestic locations of leading industrial distributors, quick-service restaurant brands and franchisees, big box retailers, and convenience stores, working directly with customers to engineer custom storage and material handling solutions. SPG was founded in 2010 and is based in Atlanta, Georgia.

Buy -
Investor

Farragut Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2011
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Farragut Capital Partners LLC is a private investment firm that provides mezzanine and equity capital to help finance buyouts, generational transfers, growth capital financings, and recapitalizations. The Firm prefers asset-light businesses with unique and defensible market positions, stable business models, and reasonable capital expenditure and working capital needs. Sectors of interest include light and niche manufacturing, business services, distribution & logistics, and media. Farragut's target investment size is $2 to $10 million. Farragut Capital Partners was formed in 2011 and is based in Washington, District of Columbia.

DEAL STATS #
Overall 72 of 97
Sector (Electrical Equipment) 3 of 3
Type (Growth Capital) 18 of 28
State (Illinois) 4 of 5
Country (United States) 72 of 97
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Eastern Metal Building Products

Montgomery, Alabama, United States

Eastern Metal Building Products is a full line lightweight steel framing manufacturer and fabricator, serving the Eastern USA market. Eastern Metal Building Products is based in Montgomery, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-14 Particle Dynamics

Saint Louis, Missouri, United States

Particle Dynamics engages in particle processing technologies and finished dose manufacturing, providing a wide range of products and services to the nutraceutical, consumer health, OTC, and pharmaceutical sectors. Particle Dynamics is also a recognized global leader in the supply of highly functional materials and a variety of microencapsulated vitamins, minerals, and OTC active pharmaceutical ingredients. Particle Dynamics was founded in 1990 and is based in Saint Louis, Missouri.

Buy -
Mergr

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