M&A Deal Summary

Olympus Partners and Monroe Capital Acquire MEI Rigging & Crating

On July 6, 2023, private equity firm Olympus Partners and lender Monroe Capital acquired business services company MEI Rigging & Crating from Dorilton Capital

Acquisition Highlights
  • This is Olympus Partners’ 9th and Monroe Capital’s 6th transaction in the Business Services sector.
  • This is Olympus Partners’ 51st and Monroe Capital’s 96th transaction in the United States.
  • This is Olympus Partners’ 2nd and Monroe Capital’s 2nd transaction in Oregon.

M&A Deal Summary
Date 2023-07-06
Target MEI Rigging & Crating
Sector Business Services
Buyer(s) Olympus Partners
Monroe Capital
Sellers(s) Dorilton Capital
Deal Type Secondary Buyout

Target

MEI Rigging & Crating

Albany, Oregon, United States
MEI Rigging & Crating is a provider of machinery moving, millwrighting, installation, crating, and export packing services. MEI Rigging & Crating was founded in 1990 and is based in Albany, Oregon.

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Buyer(S) 2

Buyer

Olympus Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 8.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Olympus Partners is a private equity group focused on investing in growth companies with strong management, and positions in their respective markets. The Firm will consider both venture capital and private equity investments and looks to commit $50 to $300 million per transaction. The Firm focuses its investment activities within the business services, healthcare, financial services, consumer, restaurant, software/IT services, and logistics/transportation industries. Olympus Partners was formed in 1988 and is based in Stamford Connecticut.

DEAL STATS #
Overall 53 of 53
Sector (Business Services) 9 of 9
Type (Secondary Buyout) 29 of 29
State (Oregon) 2 of 2
Country (United States) 51 of 51
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-14 International Wire Group

Camden, New York, United States

International Wire Group is a designer and manufacturer of highly-engineered copper-based wire products. IWG’s products are utilized in end markets such as industrial and energy, electronics and data communications, automotive and specialty vehicles, aerospace and defense, medical products and consumer and appliance industries. International Wire Group was formed in 1995 and is based in Camden, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-02 Foodware Group

Lodi, New Jersey, United States

Foodware Group is a manufacturer and supplier of front-of-the-house and back-of-the-house products to the food service industry with over 5,000 products across 25 categories. Foodware Group was formed in 1983 and is based in Lodi, New Jersey.

Sell -
Buyer

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago.

DEAL STATS #
Overall 97 of 115
Sector (Business Services) 6 of 10
Type (Secondary Buyout) 11 of 14
State (Oregon) 2 of 2
Country (United States) 96 of 114
Year (2023) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-05 Lightwave Dental

Woodbridge, Virginia, United States

Lightwave Dental is a management services partner for dental offices located in Virginia. Lightwave Dental is dedicated to providing the benefits of a larger dental group for the doctors and the staff without the drawbacks of traditional corporate dentistry. The company offers a low-touch, democratic approach to working with its dental partners that drives better results for doctors and a better experience for the staff. Lightwave Dental was founded in 2016 and is based in Woodbridge, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-31 Vice Media

Brooklyn, New York, United States

Vice Media is a media company that engages in print, event, music, online, television (TV), and feature film business activities in the United States and internationally. Vice Media was founded in 1994 and is based in Brooklyn, New York.

Buy -

Seller(S) 1

SELLER

Dorilton Capital

Investor Investor Investor Investor Investor

Category Family Office
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Dorilton Capital is a family-backed private investment firm focused on control investments in small to medium sized businesses across a range of industry sectors. Dorilton seeks to partner with incumbent management in order to create value and targets growth-oriented companies with $4 to $25 million of EBITDA and located in North or South America. Dorilton Capital was established in 2009 and is based in New York City.

DEAL STATS #
Overall 4 of 5
Sector (Business Services) 4 of 4
Type (Secondary Buyout) 1 of 1
State (Oregon) 1 of 1
Country (United States) 4 of 5
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-07 Blue Wolf Performance Solutions

Hingham, Massachusetts, United States

Blue Wolf Performance Solutions provides industrial cleaning services to a national market of power generation, petrochemical, food & beverage, public facility, data centers, and a variety of other end markets. Blue Wolf Performance Solutions was founded in 2021 and is based in Hingham, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 AUT Solutions

Fulshear, Texas, United States

AUT Solutions provides Advanced Ultrasonic Scanning systems, software, and training to an ever-growing global customer base ranging from aerospace, petrochemical, and power generation industries. AUT Solutions was founded in 2007 and is based in Fulshear, Texas.

Sell -
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