M&A Deal Summary

Peninsula Capital Partners Acquires Allstar Magnetics

On May 1, 2011, mezzanine finance firm Peninsula Capital Partners acquired distribution company Allstar Magnetics from Greyrock Capital Group

Acquisition Highlights
  • This is Peninsula Capital Partners’ 7th transaction in the Distribution sector.
  • This is Peninsula Capital Partners’ 75th transaction in the United States.
  • This is Peninsula Capital Partners’ 1st transaction in Washington.

M&A Deal Summary
Date 2011-05-01
Target Allstar Magnetics
Sector Distribution
Buyer(s) Peninsula Capital Partners
Sellers(s) Greyrock Capital Group
Deal Type Secondary Buyout

Target

Allstar Magnetics

Vancouver, Washington, United States
Allstar Magnetics is a distributor of hard and soft ferrites and powdered iron cores, bobbins and associated hardware used primarily in power conversion, electromagnetic interference suppression, and filtering and pulse transformation in analog devices. The Company carries over 3,000 product SKU's sold to a wide variety of electronic component manufacturers. Allstar Magnetics was founded in 1989 and is based in Vancouver, Washington.

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Buyer(S) 1

Buyer

Peninsula Capital Partners

Southfield, Michigan, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1995
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Peninsula Capital Partners is an investment group focused on providing a range of financing solutions to middle-market companies. The Firm is willing to be a minority or control investor and invests across the capital structure. This includes subordinated debt, preferred or common stock. For mezzanine commitments, Peninsula looks to invest $5 to $40 million. For equity transactions, Peninsula looks to invest $2 to $20 million. Peninsula is a generalist investor. Target sectors include manufacturing, industrial service, distribution, consumer products, professional services, retail, applied technology, transportation, food processing and packaging. Peninsula Capital Partners was formed in 1995 and is based in Detroit, Michigan.

DEAL STATS #
Overall 78 of 128
Sector (Distribution) 7 of 8
Type (Secondary Buyout) 2 of 4
State (Washington) 1 of 2
Country (United States) 75 of 121
Year (2011) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-01 Specialty Electronics Distributor

United States

Specialty Electronics Distributor is a leading North American distributor of specialty electronic components. Primary end-markets include consumer electronics, military, medical equipment, oil and gas, aerospace and general industrial.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 Carmel Car and Limousine Service

New York, New York, United States

Barton T, Ltd. is a leading dispatcher of community cars providing primarily transportation services to and from major metro airports in the Northeast. The Company has a leading market share and the largest fleet of affiliated drivers in its area of operation.

Buy -

Seller(S) 1

SELLER

Greyrock Capital Group

Walnut Creek, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Greyrock Capital Group provides mezzanine debt and equity capital to finance buyouts, recapitalizations and growth needs of middle market companies. Greyrock looks to invest between $8 and $40 million of equity and/or junior capital in companies with minimum revenues of $10 million and at least $2 million of EBITDA. Greyrock prefers companies in defensible markets with low cost structures. Greyrock Capital was formed in 2002 and has offices in San Francisco, California; Chicago, Illinois; and Westport, Connecticut.

DEAL STATS #
Overall 10 of 45
Sector (Distribution) 1 of 2
Type (Secondary Buyout) 2 of 18
State (Washington) 1 of 1
Country (United States) 10 of 45
Year (2011) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-01 Dickinson Frozen Foods

Eagle, Idaho, United States

Dickinson Frozen Foods, Inc. is a provider of frozen roasted potatoes, onions and vegetable blends to large industrial food processors and food service companies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-31 Monroe Engineering

Rochester Hills, Michigan, United States

Monroe Engineering is a distributor of a broad portfolio of custom and standard hardware and component products for original equipment manufacturers, as well as maintenance, repair and operations applications. Monroe Engineering serves customers across a wide range of end markets including aerospace, defense, medical, transportation, consumer goods, building products, and other diversified industrial markets. Monroe Engineering was established in 1968 and is headquartered in Rochester Hills, Michigan.

Buy -
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