Investment Summary

Northstar Capital and River Associates Invest In Pelco Products

On March 24, 2021, mezzanine finance firm Northstar Capital and private equity firm River Associates invested in machinery company Pelco Products

Investment Highlights
  • This is Northstar Capital’s 7th and River Associates’ 4th transaction in the Machinery sector.
  • This is Northstar Capital’s 94th and River Associates’ 32nd transaction in the United States.
  • This is Northstar Capital’s 2nd and River Associates’ 1st transaction in Oklahoma.

Investment Summary
Date 2021-03-24
Target Pelco Products
Sector Machinery
Investor(s) Northstar Capital
River Associates
Deal Type Growth Capital

Target

Pelco Products

Edmond, Oklahoma, United States
Pelco Products specializes in designing, engineering, manufacturing and distributing the finest products. Pelco manufactures traffic signal hardware, utility products, and decorative outdoor lighting. Pelco Products was founded in 1985 and is based in Edmond, Oklahoma.

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Investor(S) 2

Investor

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 99 of 109
Sector (Machinery) 7 of 9
Type (Growth Capital) 20 of 21
State (Oklahoma) 2 of 2
Country (United States) 94 of 104
Year (2021) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-18 Weaver Leather

Mount Hope, Ohio, United States

Weaver Leather is a provider of leather and nylon products and accessories into the Western-style equine, livestock, pet, and arborist markets. Weaver manufactures, markets, and distributes a broad line of branded and non-branded leather, nylon/synthetic, hardware, and other products and product accessories uniquely designed for its four consumer-focused divisions (equine, livestock, pet, and arborist) - and its wholesale supply division. Weaver Leather was established in 1973 and is based in Mount Hope, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 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.

Sell -
Investor

River Associates

Chattanooga, Tennessee, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

River Associates is a private equity firm that targets buyouts, divestitures and recapitalizations of lower middle-market companies. River looks for investments in manufacturing, high-margin distribution, industrial services and 'non-faddish' retail companies. The Firm focuses on companies located in the US and Canada with minimum sales of $15 million and EBITDA of $3 to $12 million. River Associates avoids investing in heavily regulated industries as well as start-up, high-technology, commodity or natural resource companies. River Associates was formed in 1989 and is based in Chattanooga, Tennessee.

DEAL STATS #
Overall 33 of 39
Sector (Machinery) 4 of 4
Type (Growth Capital) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 32 of 37
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-18 Weaver Leather

Mount Hope, Ohio, United States

Weaver Leather is a provider of leather and nylon products and accessories into the Western-style equine, livestock, pet, and arborist markets. Weaver manufactures, markets, and distributes a broad line of branded and non-branded leather, nylon/synthetic, hardware, and other products and product accessories uniquely designed for its four consumer-focused divisions (equine, livestock, pet, and arborist) - and its wholesale supply division. Weaver Leather was established in 1973 and is based in Mount Hope, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 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.

Sell -
Mergr

Product

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