M&A Deal Summary |
|
|---|---|
| Date | 2023-08-03 |
| Target | PFI Instore |
| Sector | Business Services |
| Buyer(s) |
Onward Capital
Merit Capital Partners |
| Sellers(s) |
Capital For Business
Northcreek Mezzanine Diamond State Ventures MidStates Capital Advantage Capital Partners |
| Deal Type | Secondary Buyout |
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Onward Capital is a private equity firm focused on investing in and growing lower middle-market companies. Target transaction situations include buyouts, recapitalizations, divestitures, and partnering with family/founder-owned companies. Onward seeks control situations but will consider select minority investments. Sectors of interest include industrial manufacturing, distribution, and services with a particular interest in packaging, wire & cable, and industrial technology. Target companies typically have $4 to $15 million of EBITDA and $20 to $125 million of revenue. Onward Capital was formed in 2015 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 5 |
| Sector: Business Services M&A | 1 of 1 |
| Type: Secondary Buyout M&A Deals | 3 of 3 |
| State: Missouri M&A | 1 of 1 |
| Country: United States M&A | 5 of 5 |
| Year: 2023 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-12-31 |
Century Drill & Tool
Green Bay, Wisconsin, United States Century Drill & Tool is a supplier of branded power tool accessories and hand tools for contractors, trades professionals, and DIY users across multiple retail segments. Century Drill & Tool was founded in 1940 and is based in Green Bay, Wisconsin. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 2.5B USD |
| Size | Large |
| Type | Sector Agnostic |
Merit Capital Partners is a private investment firm that targets investments in middle market manufacturing, distribution, and service based businesses. Merit looks for companies generating at least $20 million in sales and at least $4 million in EBITDA. Merit can provide both equity and junior capital financing and looks to commit at least $15 million per transaction. Prospective transaction situations include management buyouts, recapitalizations, growth financings, divestitures, unsponsored transactions, and ESOPs. Merit Capital will not invest in start-ups, turnarounds, real estate, specialty retail, or oil/gas opportunities. Merit Capital was originally known as William Blair Mezzanine Capital and became independent in 2004. Merit Capital Partners was formed in 1993 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 99 of 105 |
| Sector: Business Services M&A | 7 of 7 |
| Type: Secondary Buyout M&A Deals | 11 of 12 |
| State: Missouri M&A | 2 of 2 |
| Country: United States M&A | 98 of 104 |
| Year: 2023 M&A | 3 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-13 |
Displayit
Irvine, California, United States Displayit provides structural branding solutions for retail settings, food service locations, tradeshow exhibits, and other corporate environments across the US. Displayit provides customers with a single point of contact to provide in-house design, fabrication, and installation needs for any custom structural branding solutions. Displayit was founded in 1998 and is based in Irvine, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-04 |
Acacia Health
Glendale, California, United States Acacia Health is a provider of home health, hospice and palliative care services primarily to Medicare enrolled patients in their place of residence, including skilled nursing facilities, assisted living facilities, and patients’ homes. The Company receives patient referrals from clinics, hospitals, physicians, its own internal divisions, and other long-term care facilities. Acacia Health was founded in 2008 and is based in Glendale, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1959 |
| PE ASSETS | 200M USD |
| Size | Small |
| Type | Sector Agnostic |
Capital for Business (CFB) is a private investment firm focused on providing junior capital to growing lower middle-market companies with at least $10 to $100 million in sales. CFB targets businesses serving niche consumer, commercial, distribution, manufacturing, and service markets throughout the United States. Funds are typically used to support management buyouts, leveraged buyouts, recapitalizations, corporate divestitures, growth financings, and going-private transactions. CFB will not invest in start-ups, turnarounds, unproven technologies, biotech, real estate, and financial institutions. Capital for Business was founded in 1959 and is headquartered in St. Louis, Missouri.
| DEAL STATS | # |
|---|---|
| Overall | 19 of 23 |
| Sector: Business Services M&A | 2 of 2 |
| Type: Secondary Buyout M&A Deals | 7 of 7 |
| State: Missouri M&A | 3 of 5 |
| Country: United States M&A | 19 of 23 |
| Year: 2023 M&A | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-03-06 |
Legacy Technologies
Mission, Kansas, United States Legacy Technologies is a manufacturer of glass-to-metal hermetically sealed enclosures for original equipment manufacturers and their sub-component suppliers. LTI’s wide range of hermetic seal capabilities have been used to design, develop, and manufacture hermetic connectors for many industries including aerospace, telecommunications, medical, automotive and sensor applications. Legacy Technologies is based in Mission, Kansas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-07 |
New Life Chemical
Greenville, South Carolina, United States New Life Chemical is a distributor of surplus chemicals and a wholesale manufacturer of commercial cleaning products. New Life Chemical was formed in 1997 and is based in Greenville, South Carolina. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2010 |
| PE ASSETS | 250M USD |
| Size | Small |
| Type | Sector Agnostic |
| DEAL STATS | # |
|---|---|
| Overall | 7 of 9 |
| Sector: Business Services M&A | 2 of 2 |
| Type: Secondary Buyout M&A Deals | 1 of 3 |
| State: Missouri M&A | 1 of 1 |
| Country: United States M&A | 7 of 9 |
| Year: 2023 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-08 |
Jor-Mac
Lomira, Wisconsin, United States Jor-Mac is a manufacturer of metal fabrications and electromechanical-assemblies for OEMs in the HVAC, industrial automation, and back-up power / grid infrastructure space. Jor-Mac was founded in 1952 and is based in Lomira, Wisconsin. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-02-20 |
Comprehensive Prosthetics and Orthotics
Peoria, Illinois, United States Comprehensive Prosthetics and Orthotics is a prosthetic and orthotic service provider to the adult and pediatric markets that provides consultation and fitting services, follow-up treatment services, and custom product fulfillment. Comprehensive Prosthetics and Orthotics was founded in 2006 and is based in Peoria, Illinois. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 125M USD |
| Size | Small |
| Type | Sector Agnostic |
Diamond State Ventures (DSV) is a private equity and venture capital firm focused on small and lower middle-market company investments in Arkansas, as well as the Midwest and Southeast US. DSV looks to commit $1 to $5 million per investment, which can take the form of subordinated debt, preferred equity or a combination of the two. Prospective transaction situations include growth capital financings, management buyouts, family successions, recapitalizations, and early stage investments. Sectors of interest include niche manufacturing, business services, media, consumer products and services, education, healthcare, and technology. DSV will not invest in seed or startup companies. Diamond State Ventures is based in Little Rock.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 15 |
| Sector: Business Services M&A | 2 of 2 |
| Type: Secondary Buyout M&A Deals | 3 of 3 |
| State: Missouri M&A | 1 of 2 |
| Country: United States M&A | 14 of 15 |
| Year: 2023 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-02-21 |
Weeks Service
League City, Texas, United States Weeks Service offers installation, service, and maintenance for heating and air conditioning systems in addition to electrical and generator service, replacement and maintenance. Weeks Service was founded in 1972 and is based in League City, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-02-15 |
Central States Bus Sales
Fenton, Missouri, United States Central States Bus Sales is a distributor for several manufacturers of buses and related equipment in Missouri, Illinois, Tennessee, Kentucky, Arkansas and Alabama. CSBS has a longstanding relationship with Blue Bird, a school bus manufacturer with gas, diesel, low- and zero-emission school buses fueled by propane and natural gas, and electric-powered (EV) buses. Central States Bus Sales is based in Fenton, Missouri. |
Sell | - |
MidStates Capital is a private investment firm focused on investing in and acquiring privately held growth oriented companies in the Midwest US. The Firm generally pursues companies valued between $5 and $50 million and will consider private equity and mezzanine commitments. MidStates does not have any stated sector preferences. MidStates Capital is based in Overland Park, Kansas.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Business Services M&A | 1 of 1 |
| Type: Secondary Buyout M&A Deals | 2 of 2 |
| State: Missouri M&A | 1 of 1 |
| Country: United States M&A | 2 of 2 |
| Year: 2023 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-08-01 |
Transfer Tool Products
Grand Haven, Michigan, United States Transfer Tool Products is a manufacturer of complex deep-drawn metal components and assemblies, specializing in high-volume production of small custom parts in steel, stainless steel, brass, aluminum, and other metal alloys. Transfer Tool Products was founded in 1985 and is based in Grand Haven, Michigan. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 2.6B USD |
| Size | Large |
| Type | Sector Agnostic |
Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.
| DEAL STATS | # |
|---|---|
| Overall | 100 of 113 |
| Sector: Business Services M&A | 3 of 4 |
| Type: Secondary Buyout M&A Deals | 14 of 14 |
| State: Missouri M&A | 10 of 11 |
| Country: United States M&A | 100 of 113 |
| Year: 2023 M&A | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-24 |
Precision Metal Works
Louisville, Kentucky, United States Precision Metal Works offers metal forming, assembly, and finishing for a wide variety of industries including, automotive, appliance, hardware, electrical, electronic, and medical. Precision Metal Works was founded in 1947 and is based in Louisville, Kentucky. |
Sell | $28M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-01 |
Austin Eastciders
Austin, Texas, United States Austin Eastciders is a beverages company which makes ciders from Apples. Austin Eastciders was founded in 2013 and is based in Austin, Texas. |
Sell | - |
