M&A Deal Summary

Overall Capital Partners and Plexus Capital Acquire Honeycomb

On March 27, 2013, private equity firms Overall Capital Partners and Plexus Capital acquired aerospace company Honeycomb

Acquisition Highlights
  • This is Overall Capital Partners’ 1st and Plexus Capital’s 2nd transaction in the Aerospace sector.
  • This is Overall Capital Partners’ 1st and Plexus Capital’s 49th transaction in the United States.
  • This is Overall Capital Partners’ 1st and Plexus Capital’s 7th transaction in Florida.

M&A Deal Summary
Date 2013-03-27
Target Honeycomb
Sector Aerospace
Buyer(s) Overall Capital Partners
Plexus Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) BB&T Capital Markets (Financial)

Target

Honeycomb

Sarasota, Florida, United States
Honeycomb is a manufacturer of complex, flight-critical, bonded, composite assemblies for U.S. military aircraft platforms. Honeycomb was founded in 1948 and is based in Sarasota, Florida.

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Buyer(S) 2

Buyer

Overall Capital Partners

Boston, Massachusetts, United States
Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Overall Capital Partners is a lower middle-market private investment group focused on partnering with management teams who are pursuing significant growth opportunities. The Firm targets companies with $5 to $50 million in revenue. Overall Capital is based in Boston, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Buyer

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 49 of 97
Sector (Aerospace) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 23 of 48
State (Florida) 7 of 17
Country (United States) 49 of 97
Year (2013) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-28 Mission Critical Electronics

Dallas, Texas, United States

Mission Critical Electronics is a niche-oriented manufacturer of power conversion, battery charging and battery products operating under the leading brands Kussmaul Electronics, Newmar Power, ASEA Power Systems, Power Products, and American Battery Charging. The Company focuses on critical system applications in specialty vehicle, public safety, and industrial/marine applications where durability, reliability, and performance are essential to deliver immediately accessible power. MCE’s solutions address application-specific requirements for 4,000 customers across 2,000+ branded SKUs. MCE is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-01 Sherman & Reilly

Chattanooga, Tennessee, United States

Sherman & Reilly, Inc. is a manufacturer of underground and aerial transmission and distribution products based in Chattanooga, Tennessee.

Sell -
Mergr

Product

Company

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