M&A Deal Summary

PaR Systems Acquires Jered

On August 1, 2005, PaR Systems acquired marine company Jered from Audubon Capital and Branford Castle Partners

Acquisition Highlights
  • This is PaR Systems’ 1st transaction in the Marine sector.
  • This is PaR Systems’ 1st transaction in the United States.
  • This is PaR Systems’ 1st transaction in Georgia.

M&A Deal Summary
Date 2005-08-01
Target Jered
Sector Marine
Buyer(s) PaR Systems
Sellers(s) Audubon Capital
Branford Castle Partners
Deal Type Add-on Acquisition

Target

Jered

Brunswick, Georgia, United States
Jered LLC is a wholly owned subsidiary of PaR Systems, Inc. focusing on providing marine customers with specialty equipment/cargo handling systems and deck machinery while combining its strong engineering heritage with very competitive and comprehensive heavy fabrication capabilities. Integrated in the full breadth of PaR Systems' automation and material handling expertise, Jered can now provide an even broader range of equipment/cargo handling systems for military and commercial applications.

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Buyer(S) 1

Buyer

PaR Systems

Shoreview, Minnesota, United States
Category Company
Founded 1961
Sector Machinery
DESCRIPTION

PaR Systems, Inc. is a provider of integrated robotic automation and specialized material handling solutions. The company serves the aerospace, medical device, marine/defense, nuclear, and additional select industrial markets. PaR was founded in 1961 and is based in Shoreview, Minnesota.

DEAL STATS #
Overall 1 of 3
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Georgia) 1 of 1
Country (United States) 1 of 2
Year (2005) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-19 Marine Systems Technology

Cheshire, United Kingdom

MST used development grants to create COMFIRE as a non-combustible composite which would contain fire in enclosed areas and can be also be fabricated into furniture and other items thus reducing the potential for fire. In 2012, a COMFIRE equipped watertight door became the first to pass the US Navy's most stringent N 30 fire test.

Buy -

Seller(S) 2

SELLER

Audubon Capital

Covington, Louisiana, United States
Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Audubon Capital is a private investment firm that provides mezzanine financing to small companies. Audubon focuses its investments in the Gulf States region of the United States. Audubon Capital was formed in 2000 and is based in Covington, Louisiana.

DEAL STATS #
Overall 1 of 2
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 2
Year (2005) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-16 Kiko Foods

Jefferson, Louisiana, United States

KFI® will provide innovative, practical, quality and competitive products that will allow our customer base to better and more profitably service and supply their customers. KFI® believes our first responsibility is to our customer who supports us by purchasing our products and using our services, and our second responsibility is to our committed employees who share in the toil to make this all happen.

Sell -
SELLER

Branford Castle Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Branford Castle is a private investment firm that seeks investments in traditional companies with stable cash flows. Branford Castle prefers investing in 'old economy' businesses valued up to $100 million. Brandford will consider public or private companies, but the Firm will not invest in bankrupt, turnaround, or distressed situations. Sectors of interest include manufacturing, commercial distribution, services, consumer products, publishing, restaurants, and infrastructure. Branford Castle was formed in 1986 and is based in New York City.

DEAL STATS #
Overall 1 of 9
Sector (Marine) 1 of 2
Type (Add-on Acquisition) 1 of 5
State (Georgia) 1 of 2
Country (United States) 1 of 8
Year (2005) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 CMP Group

Delta, British Columbia, Canada

CMP Group is a manufacturer and distributor of branded products serving the recreational marine, commercial marine, and industrial markets. CMP Group is based in Delta, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-12 E-Mon

Langhorne, Pennsylvania, United States

E-Mon LLC is a manufacture of solid-state electronic kilowatt-hour submeters, automatic meter reading & billing software and other energy management products and services.

Buy -
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