M&A Deal Summary

Patriot Capital and Arch Equity Partners Acquire Chandler Industries

On April 1, 2011, private equity firms Patriot Capital and Arch Equity Partners acquired machinery company Chandler Industries for 3M USD

Acquisition Highlights
  • This is Patriot Capital’s 1st and Arch Equity Partners’ 1st transaction in the Machinery sector.
  • This is Patriot Capital’s 2nd and Arch Equity Partners’ 3rd largest (disclosed) transaction.
  • This is Patriot Capital’s 36th and Arch Equity Partners’ 2nd transaction in the United States.
  • This is Patriot Capital’s 1st and Arch Equity Partners’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2011-04-01
Target Chandler Industries
Sector Machinery
Buyer(s) Patriot Capital
Arch Equity Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 3M USD

Target

Chandler Industries

Blaine, Minnesota, United States
Chandler Industries is a manufacturer of precision-machined components, fabrications, complex assemblies and weldments for quality-minded. Chandler Industries was established in 1962 and is based in Blaine, Minnesota.

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Buyer(S) 2

Buyer

Patriot Capital

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $5 to $25 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.

DEAL STATS #
Overall 36 of 108
Sector (Machinery) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 16 of 33
State (Minnesota) 1 of 1
Country (United States) 36 of 108
Year (2011) 3 of 5
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-20 PPI-Time Zero

Paterson, New Jersey, United States

PPI-Time Zero, Inc. is an electronic manufacturing services provider, with product offerings in design and engineering, bare printed circuit board manufacturing, and assemblies. PPI-Time Zero was founded in 1970 and is based in Paterson, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-14 R&D Altanova

South Plainfield, New Jersey, United States

R&D Altanova is a designer and manufacturer of advanced printed circuit boards used to test integrated circuits used in computers, servers, mobile devices, and many other applications. R&D Altanova was founded in 1969 and is based in South Plainfield, New Jersey.

Buy -
Buyer

Arch Equity Partners

Investor Investor

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Arch Equity Partners is a private equity firm focused on acquiring lower middle-market business services, distribution, and manufacturing companies headquartered in the Midwest US. Arch prefers profitable companies with up to $30 million in revenue. Prospective transaction situations include ownership transitions, management buyouts, recapitalizations, growth capital financings, divestitures, and select turnaround situations. Arch Equity Partners was formed in 2008 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 2 of 6
Sector (Machinery) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 5
State (Minnesota) 1 of 1
Country (United States) 2 of 6
Year (2011) 1 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-01 Cutex Brands

Festus, Missouri, United States

Cutex Brands LLC is a producer of nail polish removers and nail treatments, sold through drug stores, mass merchandisers, supermarkets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 Accutherm

Monroe City, Missouri, United States

Accu-Therm, Inc. is a manufacturer of industrial and commercial electric heating systems and controls.

Sell -
Mergr

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