M&A Deal Summary

Pamlico Capital Acquires Crosman

On January 9, 2007, private equity firm Pamlico Capital acquired consumer products company Crosman from NMP Capital for 143M USD

Acquisition Highlights
  • This is Pamlico Capital’s 1st transaction in the Consumer Products sector.
  • This is Pamlico Capital’s 5th largest (disclosed) transaction.
  • This is Pamlico Capital’s 28th transaction in the United States.
  • This is Pamlico Capital’s 3rd transaction in New York.
Investment Fate
  • Crosman was sold to a consortium of financial buyers in 2011.
  • Crosman was sold to a consortium of financial buyers in 2017 for 152M USD.

M&A Deal Summary

Date 2007-01-09
Target Crosman
Sector Consumer Products
Buyer(s) Pamlico Capital
Sellers(s) NMP Capital
Deal Type Secondary Buyout
Deal Value 143M USD

Target

Crosman

Bloomfield, New York, United States
Crosman Corp. is a manufacturer of airguns and accessories. Crosman offers a complete line of airguns, paintball guns, slingshots, targets, and other accessories under the brand names of Crosman, Benjamin, Sheridan, and Copperhead. Crosman was established in 1923 and is based in Bloomfield, New York.

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Buyer(S) 1

Buyer

Pamlico Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 29 of 87
Sector: Consumer Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 17
State: New York M&A 3 of 7
Country: United States M&A 28 of 82
Year: 2007 M&A 2 of 5
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 USA Compression

Dallas, Texas, United States

USA Compression is a third-party provider of compression services to customers across the oil & gas industry. USA Compression is one of the nation’s largest independent providers of compression services in terms of total compression fleet horsepower. USA Compression was founded in 1998 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-19 Comsys IT Partners

Houston, Texas, United States

Comsys IT Partners, Inc. is an IT services company offering contingent and direct hire placement of IT professionals and a wide range of technical services and solutions addressing requirements across the enterprise.

Sell -

Seller(S) 1

SELLER

NMP Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 11 of 56
Sector: Consumer Products M&A 5 of 8
Type: Secondary Buyout M&A Deals 6 of 21
State: New York M&A 1 of 4
Country: United States M&A 10 of 54
Year: 2007 M&A 1 of 4
Size (of disclosed) 14 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-01 ATI Physical Therapy

Downers Grove, Illinois, United States

ATI Physical Therapy is a rehabilitation provider, specializing in research-based physical therapy, workers’ compensation rehab, employer worksite solutions, and sports medicine. ATI Physical Therapy was founded in 1996 and is based in Downers Grove, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-10 Woodcraft Industries

St. Cloud, Minnesota, United States

Woodcraft Industries, Inc. is a provider of doors and components to original equipment manufacturers ("OEMs") in the kitchen and bathroom cabinet industry.

Buy $296M