M&A Deal Summary

Patriot Capital Acquires Metro Boiler Tube

On May 30, 2016, private equity firm Patriot Capital acquired manufacturer Metro Boiler Tube from Gen Cap America

Acquisition Highlights
  • This is Patriot Capital’s 5th transaction in the Manufacturing sector.
  • This is Patriot Capital’s 67th transaction in the United States.
  • This is Patriot Capital’s 1st transaction in Georgia.

M&A Deal Summary

Date 2016-05-30
Target Metro Boiler Tube
Sector Manufacturing
Buyer(s) Patriot Capital
Sellers(s) Gen Cap America
Deal Type Secondary Buyout

Target

Metro Boiler Tube

Ringgold, Georgia, United States
Metro Boiler Tube provides a full spectrum of boiler tube fabrication, cutting, and distribution, which includes press bending, welding, painting, polishing, and testing. The Company’s tubing serves a diverse group of industries in the power and industrial sectors, including utilities, pulp and paper, petrochemical, and sugar. Metro Boiler Tube was founded in 1989 and is based in Ringgold, Georgia.

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Buyer(S) 1

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 67 of 108
Sector (Manufacturing) 5 of 6
Type (Secondary Buyout) 5 of 14
State (Georgia) 1 of 2
Country (United States) 67 of 108
Year (2016) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-25 Avenger Flight Group

Fort Lauderdale, Florida, United States

Avenger Flight Group is a provider of commercial aviation simulation and training. Avenger provides simulation training to domestic and international airlines using state of the art simulators. Avenger Flight Group was established in 2012 and is based in Fort Lauderdale, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-06 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.

Sell -

Seller(S) 1

SELLER

Gen Cap America

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Gen Cap America, Inc. is a private investment firm focused on acquisitions and recapitalization of mid-sized businesses. Gen Cap looks to invest in privately held companies or non-core divestitures generating $10 to $200 million in annual revenues. Gen Cap prefers businesses operating in basic industries, such as manufacturing, distribution, and services. The Firm avoids investing in real estate or 'high-tech' businesses. Gen Cap America was formed in 1988 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 13 of 28
Sector (Manufacturing) 2 of 2
Type (Secondary Buyout) 6 of 8
State (Georgia) 2 of 2
Country (United States) 13 of 28
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-09 OFM

Holly Springs, North Carolina, United States

OFM, Inc. is a designer and distributor of branded office furniture. The Company sells and distributes a wide array of office furniture products throughout the United States and Canada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-12 Magnum Systems

Lenexa, Kansas, United States

Magnum Systems is a designer and manufacturer of pneumatic conveying systems and packaging systems for powder and bulk solids. Magnum Systems was founded in 1960 and is based in Lenexa, Kansas.

Sell -