M&A Deal Summary

Nonantum Capital Partners and PNC Erieview Capital Acquire Helix Traffic

On August 17, 2021, private equity firm Nonantum Capital Partners and mezzanine finance firm PNC Erieview Capital acquired consumer services company Helix Traffic from Stone Arch Capital

Acquisition Highlights
  • This is Nonantum Capital Partners’ 1st and PNC Erieview Capital’s 2nd transaction in the Consumer Services sector.
  • This is Nonantum Capital Partners’ 4th and PNC Erieview Capital’s 27th transaction in the United States.
  • This is Nonantum Capital Partners’ 1st and PNC Erieview Capital’s 2nd transaction in Tennessee.

M&A Deal Summary

Date 2021-08-17
Target Helix Traffic
Sector Consumer Services
Buyer(s) Nonantum Capital Partners
PNC Erieview Capital
Sellers(s) Stone Arch Capital
Deal Type Secondary Buyout
Advisor(s) Baird (Financial)

Target

Helix Traffic

Christiana, Tennessee, United States
Helix Traffic is a provider of traffic control services and traffic control devices to private and public entities with service offerings that include flagging, installation and maintenance of work zones, installation of temporary and permanent signage, and other related traffic management services. Helix Traffic is based in Christiana, Tennessee.

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Buyer(S) 2

Buyer
DESCRIPTION

Nonantum Capital Partners is a private equity firm focused on investing in North American family and founder-owned businesses, corporate carve-outs, and complex situations. The Firm targets businesses valued from $50 to $500 million where the Nonatum can commit $25 to $100 million. Areas of interest include consumer products, industrial, and business services. Nonantum Capital Partners was established in 2018 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 4 of 9
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 2 of 4
State (Tennessee) 1 of 1
Country (United States) 4 of 9
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 Ross-Simons

Cranston, Rhode Island, United States

Ross-Simons specializes in offering unique and proprietary jewelry designs alongside a deep selection of classics such as diamond tennis bracelets and gold necklaces. The company offers a wide selection of items across a diverse range of price points and is known for mixing materials and colors in unexpected combinations. Factory direct sourcing, a wide assortment of raw materials, and nimble product development produce a compelling value proposition for the consumer. Ross-Simons is based in Cranston, Rhode Island.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-18 Lifted Trucks

Phoenix, Arizona, United States

Lifted Trucks specializes in the sale of lifted and non-lifted gas and diesel trucks and carry the largest selection of custom trucks in the American southwest. Lifted Trucks was founded in 1995 and is based in Phoenix, Arizona.

Buy -
DESCRIPTION

PNC Erieview Capital is a provider equity and junior capital to middle-market companies throughout the US and Canada. The Firm looks to support private equity sponsor-led buyouts and recapitalizations, non-sponsored buyouts, family office buyouts, and growth equity needs. PNC Erieview typically works with profitable companies (EBITDA greater than $5 million) valued from $20 to $250 million. Areas of interest include distribution, consumer products, healthcare, manufacturing, and services. The Firm was originally known as National City Equity Partners and was established in 1979. PNC Erieview Capital is based in Cleveland, Ohio.


DEAL STATS #
Overall 27 of 39
Sector (Consumer Services) 2 of 2
Type (Secondary Buyout) 6 of 7
State (Tennessee) 2 of 3
Country (United States) 27 of 39
Year (2021) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 RQM+

Monroeville, Pennsylvania, United States

RQM+ is a medical device and diagnostics-focused, regulatory, and quality consulting firm. The company delivers transformative solutions by providing unrivaled collective expertise, fueled by a passion for client success. RQM+’s experts are collaborative, laser-focused on client needs, and committed to delivering high-value solutions that exceed expectations. RQM+ is based in Monroeville, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 Covercraft

Pauls Valley, Oklahoma, United States

Covercraft is a manufacturer of custom-patterned vehicle covers, with a library that includes more than 80,000 distinct automotive patterns. Additional product lines include custom front and rear seat protectors, front-end masks, dashboard covers, floor mats, window heat shields, and pet protection products, among others. Covercraft was founded in 1965 and is based in Pauls Valley, Oklahoma.

Sell -

Seller(S) 1

SELLER

Stone Arch Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 259M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Stone Arch Capital is a private equity firm focused on lower middle market companies operating in the Midwest US. The firm pursues established companies valued from $25 to $125 million with EBITDA between $5 and $30 million. Target companies generally have 'protectable market positions', strong management in place, diverse customer bases, and 'predictable capital intensity'. Stone Arch will consider opportunities in a wide variety of manufacturing and service industries, excluding real estate, technology, and commodity industries. Typical equity investment range between $10 and $25 million. Stone Arch Capital was formed in 2003 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 10 of 13
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 6 of 7
State (Tennessee) 1 of 1
Country (United States) 9 of 12
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-01 Mid-State Restoration

Lakeville, Minnesota, United States

Mid-State Restoration is a pavement preservation contractor providing road reconstruction solutions to public and private enterprises throughout the United States. Mid-State Restoration is based in Lakeville, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-08 Lambent Lighting

Burbank, California, United States

Lambent Lighting is a holding company created to own and operate premier lighting companies within the rapidly growing LED lighting space. Lambent Lighting is based in Burbank, California.

Sell -