M&A Deal Summary

Northstar Capital and Argenta Partners Acquire Coffin Turbo Pump

On December 31, 2014, mezzanine finance firm Northstar Capital and private equity firm Argenta Partners acquired manufacturer Coffin Turbo Pump from MVP Capital Partners

Acquisition Highlights
  • This is Northstar Capital’s 9th and Argenta Partners’ 2nd transaction in the Manufacturing sector.
  • This is Northstar Capital’s 65th and Argenta Partners’ 6th transaction in the United States.
  • This is Northstar Capital’s 4th and Argenta Partners’ 1st transaction in New Jersey.

M&A Deal Summary

Date 2014-12-31
Target Coffin Turbo Pump
Sector Manufacturing
Buyer(s) Northstar Capital
Argenta Partners
Sellers(s) MVP Capital Partners
Deal Type Secondary Buyout

Target

Coffin Turbo Pump

Englewood, New Jersey, United States
Coffin Turbo Pump is a producer of steamship boiler feed pumps, plunger and ejector pumps for municipal wastewater treatment facilities, and desalination and oil/water separation equipment for marine and industrial applications. Coffin Turbo Pump was founded in 1925 and is based in Englewood, New Jersey.

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Buyer(S) 2

Buyer

Northstar Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 68 of 121
Sector: Manufacturing M&A 9 of 15
Type: Secondary Buyout M&A Deals 11 of 22
State: New Jersey M&A 4 of 4
Country: United States M&A 65 of 116
Year: 2014 M&A 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 CURiO

Starkville, Minnesota, United States

CURiO is a manufacturer and seller of personal care and home fragrance products. CURiO is based in Starkville, Mississippi.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-16 Wheat Montana

Three Forks, Montana, United States

Wheat Montana is a provider of premium, branded mill, and bakery products. The Company offers a variety of non-GMO, chemical-free grains and whole grain flours, mixes, and fresh and frozen bread products to retail and wholesale customers throughout the United States. Wheat Montana is based in Three Forks, Montana.

Buy -
Buyer

Argenta Partners

Dallas, Texas, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Argenta Partners is a private equity group that acquires controlling equity stakes in growth-oriented, mid-sized companies. Argenta will consider a variety of transaction situations; including, recapitalizations, buyouts, divestitures, and consolidations. Broad sectors of interest include manufacturing, service, transportation, and value-added distribution. Prospective companies generally have revenues of $10 to $125 million and EBITDA of at least $2 million. The Firm avoids investing in businesses with rapidly changing technology; or in retail, banking, real estate or commodity businesses. Argenta Partners was formerly known as Lynch Investment Company. Argenta Partners was established in 1989 and is based in Dallas, Texas.


DEAL STATS #
Overall 6 of 8
Sector: Manufacturing M&A 2 of 3
Type: Secondary Buyout M&A Deals 1 of 2
State: New Jersey M&A 1 of 1
Country: United States M&A 6 of 8
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-12 Westcon

Bismarck, North Dakota, United States

Westcon, Inc., is a provides a comprehensive range of construction services to large industrial processing facilities throughout the United States. The company specializes in large-scale construction solutions for a diverse mix of clients.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-13 NovaLink

Brownsville, Texas, United States

NovaLink is a provider of a wide-variety of manufacturing and distribution services for U.S.-based companies through state-of-the-art facilities in Mexico. NovaLink is based in Brownsville, Texas.

Buy -

Seller(S) 1

SELLER

MVP Capital Partners

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

MVP Capital Partners is a private equity firm focuses on investing in middle market companies with $10-100 million in revenues through buyouts, recapitalizations and expansion capital financing and providing growth capital investments in later stage businesses as well as equity financing to support acquisitions and recapitalization. MVP generally looks at US-based companies valued up to $100 million. Target sectors include aviation, business/financial services, healthcare, niche manufacturing, publishing/media, and specialty retail/consumer. MVP Capital Partners was formed in 1987 and is located in Radnor, Pennsylvania.


DEAL STATS #
Overall 11 of 13
Sector: Manufacturing M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 5
State: New Jersey M&A 3 of 3
Country: United States M&A 11 of 13
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-16 ExpertPlan

East Windsor, New Jersey, United States

ExpertPlan provides private-label retirement solutions to the financial services industry. The company's Web-based 401(k) platform enables ExpertPlan's clients in the financial services industry to service small companies in a more cost-effective and user-friendly manner and provide a broader array of product choices.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-11 Global Medical Response

Greenwood Village, Colorado, United States

Global Medical Response is a provider of medical transportation services formed by bringing together Air Medical Group Holdings (AMGH) and American Medical Response (AMR). Global Medical Response was founded in 2004 and is based in Greenwood Village, Colorado.

Sell -