Buyout (LBO, MBO, MBI) • Manufacturing

Peachtree Equity Partners and High Street Capital Acquire DiversiTech

On August 1, 2005, private equity firms Peachtree Equity Partners and High Street Capital acquired manufacturer DiversiTech

Acquisition Context
  • This is Peachtree Equity Partners’ 1st and High Street Capital’s 1st transaction in the Manufacturing sector.
  • This is Peachtree Equity Partners’ 4th and High Street Capital’s 4th transaction in the United States.
  • This is Peachtree Equity Partners’ 1st and High Street Capital’s 2nd transaction in Georgia.
Investment Fate
  • DiversiTech was sold to a financial buyer in 2015.
  • DiversiTech was sold to a consortium of financial buyers in 2017.
  • DiversiTech was sold to a consortium of financial buyers in 2021 for 2.2B USD.

Explore All 1610 Buyout (LBO, MBO, MBI) Manufacturing Deals - Search the Database Free


M&A Deal Summary

Date August 1, 2005
Target DiversiTech
Sector Manufacturing
Buyer(s) Peachtree Equity Partners
High Street Capital
Deal Type Buyout (LBO, MBO, MBI)

Target Company

DiversiTech

Duluth, Georgia, United States
DiversiTech is an aftermarket manufacturer and distributor of components for residential and light commercial heating, ventilating, air conditioning, and refrigeration (‘HVACR’). DiversiTech was founded in 1971 and is based in Duluth, Georgia.
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Buyers Overview 2

Buyer

Peachtree Equity Partners

Atlanta, Georgia, United States

Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 170M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Peachtree Equity Partners is a Southeast US based private equity firm that provides non-control equity capital to smaller middle market companies. Peachtree allows business owners to retain control of their companies while accessing capital for growth, acquisitions, or shareholder liquidity. Peachtree's target investment size is $3 to $10 million. Sectors of interest include business services, financial services, government contracting, and specialized manufacturing. Peachtree was formed in 2002 and is based in Atlanta, Georgia.


Deal Context for Buyer #
Overall 4 of 15
Sector: Manufacturing 1 of 1
Type: Buyout (LBO, MBO, MBI) 3 of 7
State: Georgia 1 of 3
Country: United States 4 of 15
Year: 2005 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 On-Site Fuel Service

Brandon, Mississippi, United States

On-Site Fuel Service (Jackson, MS) provides outsourced fueling services to businesses that operate fleets of vehicles, including governmental agencies, utilities, trucking, and construction companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-30 Open MRI

Rockville, Maryland, United States

Open MRI is a provider of diagnostic imaging services through its ownership and operation of 13 freestanding, outpatient MRI facilities in Maryland, Pennsylvania, and New York. Open MRI was founded in 2002 and is based in Rockville, Maryland.

Buy -
Buyer

High Street Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 165M USD
Size Small
Type Sector Agnostic
DESCRIPTION

High Street Capital is a private investment firm focused on acquiring lower middle-market businesses generating revenues $10-$100 million with an EBITDA up to $15 million. The Firm typically invests in recapitalizations, management buyouts and growth equity financings. Target sectors include business services, aerospace/defense, healthcare product manufacturers and suppliers, testing and analytical services, chemicals and coatings, specialty plastics, and test/measurement equipment manufacturers. High Street looks to commit $2 to $8 million of equity per transaction and will consider both control and non-control situations. High Street will not invest in retail businesses, restaurants, oil and gas, entertainment, commodities, turnarounds, or start-ups. High Street Capital was formed in 1997 and is based in Chicago, Illinois.


Deal Context for Buyer #
Overall 4 of 27
Sector: Manufacturing 1 of 6
Type: Buyout (LBO, MBO, MBI) 3 of 14
State: Georgia 2 of 4
Country: United States 4 of 27
Year: 2005 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-01 Bock & Clark

Akron, Ohio, United States

Bock & Clark Corp. is a provider of commercial real estate due diligence services. With offices in Ohio, Pennsylvania, Florida, Oklahoma, California, Colorado, and Rhode Island, Bock & Clark serves clients in all 50 states and Canada in the following capacities: ALTA land and title surveys, boundary surveys, topographic surveys, aerial survey zoning reports and letters, and environmental services. Bock & Clark employs experienced professionals to research and prepares each of these products resulting in due diligence efficiency.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 BeneSys

Troy, Michigan, United States

BeneSys is a provider of third-party administration (TPA) services for employee healthcare and pension benefit programs for Taft-Hartley multiemployer plans. BeneSys was founded in 1979 and is based in Troy, Michigan.

Buy -