M&A Deal Summary

Sentinel Capital Partners, NMP Capital and PennantPark Investment Advisers Acquire ECM Industries

On December 13, 2013, private equity firm Sentinel Capital Partners, mezzanine finance firm NMP Capital and lender PennantPark Investment Advisers acquired electrical equipment company ECM Industries from Enerpac Tool Group for 258M USD

Acquisition Highlights
  • This is Sentinel Capital Partners’ 2nd, NMP Capital’s 1st and PennantPark Investment Advisers’ 1st transaction in the Electrical Equipment sector.
  • This is Sentinel Capital Partners’ 3rd, NMP Capital’s 2nd and PennantPark Investment Advisers’ 2nd largest (disclosed) transaction.
  • This is Sentinel Capital Partners’ 44th, NMP Capital’s 52nd and PennantPark Investment Advisers’ 14th transaction in the United States.
  • This is Sentinel Capital Partners’ 3rd, NMP Capital’s 2nd and PennantPark Investment Advisers’ 1st transaction in Wisconsin.
Investment Fate
  • ECM Industries was sold to a consortium of financial buyers in 2017.
  • ECM Industries was sold to a consortium of financial buyers in 2019.
  • ECM Industries was sold to a publicly-traded strategic buyer in 2023 for 1.1B USD.

M&A Deal Summary
Date 2013-12-13
Target ECM Industries
Sector Electrical Equipment
Buyer(s) Sentinel Capital Partners
NMP Capital
PennantPark Investment Advisers
Sellers(s) Enerpac Tool Group
Deal Type Divestiture
Deal Value 258M USD

Target

ECM Industries

New Berlin, Wisconsin, United States
ECM Industries is a manufacturer and supplier of electrical products for construction, maintenance, lighting, irrigation, landscape supply, and gas utility markets. ECM Industries is based in New Berlin, Wisconsin.

Search 200,500 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 3

Buyer

Sentinel Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 11.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $400 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York, New York.

DEAL STATS #
Overall 48 of 96
Sector (Electrical Equipment) 2 of 6
Type (Divestiture) 4 of 5
State (Wisconsin) 3 of 5
Country (United States) 44 of 89
Year (2013) 2 of 2
Size (of disclosed) 3 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-03 RegO

Elon, North Carolina, United States

RegO is a designer and manufactures a comprehensive range of flow control valves and regulators that are sold to domestic and international markets under the RegO and Goddard brand names. RegO was formed in 1908 and is based in Elon, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-24 Checkers

Tampa, Florida, United States

Checkers is a double drive-thru restaurant chain in United States. The company develops, owns, operates and franchises both Checkers and Rally’s restaurants. Checkers was founded in 1986 and is based in Tampa, Florida.

Buy -
Buyer

NMP Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 54 of 88
Sector (Electrical Equipment) 1 of 2
Type (Divestiture) 5 of 6
State (Wisconsin) 2 of 4
Country (United States) 52 of 85
Year (2013) 2 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-05 Avtron Aerospace

Cleveland, Ohio, United States

Avtron Aerospace, Inc. is a designer and manufacturer of electrical, electronic, and hydraulic aircraft component test solutions for the global commercial and military aerospace markets. Avtron Aerospace was founded in 1953 and is based in Cleveland, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-27 Hospitality Staffing Solutions

Atlanta, Georgia, United States

Hospitality Staffing Solutions LLC is a provider of outsourced housekeeping and related services to the hospitality sector in the United States. With operations in 38 states and Puerto Rico, HSS provides a comprehensive suite of services, including housekeeping, food service, laundry, and groundskeeping, as well as outsourcing solutions for day-to-day management responsibilities, including hiring, training, and payroll. Founded in 1990, the company currently supports more than 1,000 properties in 75 markets.

Sell -
Buyer

PennantPark Investment Advisers

Investor Investor Investor Investor Investor

Category Lender
Founded 2007
PE ASSETS 6.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

PennantPark is a provider of credit solutions to middle-market private equity sponsors. The Firm looks to provide $10 to $100 million of capital and can support a variety of investment structures. PennantPark was formed in 2007 and is headquartered in New York City.

DEAL STATS #
Overall 14 of 22
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 2 of 3
State (Wisconsin) 1 of 1
Country (United States) 14 of 22
Year (2013) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-13 Vestcom

Little Rock, Arkansas, United States

Vestcom is a provider of technology-enabled shelf-edge media solutions to the retail and consumer products industry. The company offers an array of solutions including customized shelf-edge labels, branding and promotional content labels, and shelf-edge strips with product information. Vestcom was founded in 1996 and is based in Little Rock, Arkansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-03 e.l.f. Cosmetics

New York, New York, United States

JA Cosmetics Corp. is a developer and marketer of high quality, "extreme value" priced color cosmetics products sold online and through retailers such as Target, Kmart and Dollar General. JA Cosmetics Corp. was established in 2004 and is based in New York city.

Buy -

Seller(S) 1

SELLER

Enerpac Tool Group

Menomonee Falls, Wisconsin, United States
Category Company
Founded 1910
Sector Machinery
Employees2,100
Revenue 598M USD (2023)
DESCRIPTION
Entrance to Actuant's corporate headquarters in Menomonee Falls, Wisconsin.
Entrance to Actuant's corporate headquarters in Menomonee Falls, Wisconsin.

Enerpac Tool Group is a premier industrial tools and services company serving a broad and diverse set of customers in more than 90 countries. Enerpac Tool Group businesses are in high-pressure hydraulic tools, controlled force products and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. Enerpac Tool Group was founded in 1910 and is based in Menomonee Falls, Wisconsin.

DEAL STATS #
Overall 3 of 8
Sector (Electrical Equipment) 2 of 3
Type (Divestiture) 3 of 8
State (Wisconsin) 1 of 2
Country (United States) 2 of 5
Year (2013) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-02 Viking SeaTech

Aberdeen, United Kingdom

Viking SeaTech Ltd. is an offshore support specialist providing a comprehensive range of equipment and services to the offshore oil and gas industry. Viking serves customers globally with its primary markets in the North Sea (U.K. and Norway) and Australia.

Buy $225M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-30 Hayes Industries

Sugar Land, Texas, United States

Hayes Industries Ltd. is a custom and high volume commodity manufacturer of multiple niche, customer specific, American-made products. Hayes service a wide variety of industries, including construction, geophysical, oil, defense, and consumer markets.

Buy $31M
Mergr

Product

Company

Legal