M&A Deal Summary

OpenGate Capital Acquires Hufcor

On September 5, 2017, private equity firm OpenGate Capital acquired building materials company Hufcor

Acquisition Highlights
  • This is OpenGate Capital’s 2nd transaction in the Building Materials sector.
  • This is OpenGate Capital’s 9th transaction in the United States.
  • This is OpenGate Capital’s 2nd transaction in Wisconsin.

M&A Deal Summary

Date 2017-09-05
Target Hufcor
Sector Building Materials
Buyer(s) OpenGate Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Hufcor

Janesville, Wisconsin, United States
Hufcor is a designer, manufacturer and installer of movable partitions and flexible space management solutions. Hufcor is based in Janesville, Wisconsin.

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Buyer(S) 1

Buyer

OpenGate Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 890M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

OpenGate Capital is a private investment firm focused on acquiring divestitures of larger public corporations or troubled companies needing restructuring. OpenGate does not focus any particular industry and will consider opportunities throughout North America and Europe. The Firm's target companies with up to $1 billion of revenue and valued up to $300 million. OpenGate Capital was formed in 2005 and is based in Los Angeles, California.


DEAL STATS #
Overall 28 of 47
Sector: Building Materials M&A 2 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 15
State: Wisconsin M&A 2 of 2
Country: United States M&A 9 of 20
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Axity

Mexico, Mexico

Axity is a Latin-American, integrated, end-to-end IT services provider. Axity´s portfolio of services is quite unique in the market, encompassing IT Strategy, Information Management (e.g., business intelligence), Application Management (e.g., ERPs, software development), IT Management, Security and Technology Infrastructure (e.g., communication and connectivity). Axity is based in Mexico.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-16 Mersive

Denver, Colorado, United States

Mersive transforms ordinary meeting spaces by enabling multiple users to share content collaboratively from laptops and mobile devices to in-room displays. Mersive delivers innovative software-based products that leverage commodity hardware and existing enterprise network infrastructure. Mersive was founded in 2006 and is based in Denver, Colorado.

Buy -