M&A Deal Summary |
|
|---|---|
| Date | 2023-11-16 |
| Target | Merrill Industries |
| Sector | Packaging |
| Buyer(s) | Parkway Capital |
| Sellers(s) | Ironwood Capital |
| Deal Type | Recapitalization |
SEARCH BY
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 400M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Parkway Capital is the mezzanine finance unit of Calvert Street Partners. Parkway's investments typically take the form of subordinated debt, which can be combined with a junior secured loan or preferred stock. If an opportunity calls for common equity, Parkway can also co-invest with other shareholders. Parkway looks to commit $3 to $12 million of capital per transaction in companies with at least $10 million in revenue and EBITDA in excess of $2 million. Funds are generally used to support business expansions, corporate acquisitions, leverage buyouts, recapitalization, ownership transfers, and 'wealth diversification'. Parkway Capital was formed in 2000 and became a unit of Calvert Street in 2019.
| DEAL STATS | # |
|---|---|
| Overall | 26 of 30 |
| Sector: Packaging M&A | 1 of 1 |
| Type: Recapitalization M&A Deals | 7 of 8 |
| State: Connecticut M&A | 2 of 2 |
| Country: United States M&A | 25 of 29 |
| Year: 2023 M&A | 6 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-27 |
Chibuzo
Fort Smith, Arkansas, United States Chibuzo is a flexible manufacturer of custom, high-mix pallets, crates, grade stakes, mulch, shavings, and sawdust. Consisting of two operating entities, General Pallets & Crates and Southland Manufacturing, Chibuzo specializes in new wood pallets and crating, providing high quality products and value-added services. Chibuzo is based in Fort Smith, Arkansas. |
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 | 1986 |
| PE ASSETS | 1.0B USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $10 to $40 million in companies generating $20 to $250 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 52 of 55 |
| Sector: Packaging M&A | 1 of 1 |
| Type: Recapitalization M&A Deals | 3 of 3 |
| State: Connecticut M&A | 14 of 16 |
| Country: United States M&A | 52 of 55 |
| Year: 2023 M&A | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-01 |
John To Go
Ringwood, New Jersey, United States John To Go provides portable toilet and restroom trailer rentals and services to customers across a variety of end markets throughout the Tri-State and southern Florida regions. John To Go was founded in 2004 and is based in Ringwood, New Jersey. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-02-12 |
Oak Ridge Waste & Recycling
Danbury, Connecticut, United States Oak Ridge Waste & Recycling is a provider of solid waste collection, transportation, and disposal services for residential and commercial customers in the Northeast. Oak Ridge Waste & Recycling is based in Danbury, Connecticut. |
Sell | - |
