M&A Deal Summary

Peninsula Capital Partners, Silver Peak Partners and Blue Sage Capital Acquire American Alloy

On November 1, 2018, mezzanine finance firm Peninsula Capital Partners, private equity firm Silver Peak Partners and private equity firm Blue Sage Capital acquired manufacturer American Alloy

Acquisition Highlights
  • This is Peninsula Capital Partners’ 18th, Silver Peak Partners’ 1st and Blue Sage Capital’s 1st transaction in the Manufacturing sector.
  • This is Peninsula Capital Partners’ 107th, Silver Peak Partners’ 8th and Blue Sage Capital’s 19th transaction in the United States.
  • This is Peninsula Capital Partners’ 2nd, Silver Peak Partners’ 1st and Blue Sage Capital’s 1st transaction in Washington.

M&A Deal Summary
Date 2018-11-01
Target American Alloy
Sector Manufacturing
Buyer(s) Peninsula Capital Partners
Silver Peak Partners
Blue Sage Capital
Deal Type Recapitalization

Target

American Alloy

Spokane, Washington, United States
American Alloy is a manufacturer of short-run, metal production components, and subassemblies that have an extensive range of fabrication and finishing capabilities. The Company serves customers in the food packaging, aerospace maintenance, repair and overhaul, construction safety equipment, and telecommunications infrastructure industries. American Alloy was founded in 2007 and is based in Spokane, Washington.

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Buyer(S) 3

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 112 of 128
Sector (Manufacturing) 18 of 19
Type (Recapitalization) 23 of 31
State (Washington) 2 of 2
Country (United States) 107 of 121
Year (2018) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-27 Pharmacal

Jackson, Wisconsin, United States

Pharmacal is a manufacturer and distributor of consumer products to the outdoor recreation, first aid, and over-the-counter personal care and hygiene markets. The Company provides private-label products to the leading drug store and big-box retailers in addition to products sold under its own brands, which include MG217 psoriasis products, vH Essentials feminine care products, and Potable Aqua water purification tablets. Pharmacal was founded in 1896 and is based in Jackson, Wisconsin.

Sell $5M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Lime Light CRM

San Francisco, California, United States

Lime Light CRM, Inc. operates an electronic transaction gateway (i.e., data interchange) for transacting customer payments made to merchants via cards (credit cards, debit cards, prepaid cards, PayPal transactions, ACH, etc.). The Company focuses specifically on e-commerce payments made via mobile devices. Lime Light CRM was formed in 2008 and is based in San Francisco, California.

Sell -
Buyer

Silver Peak Partners

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

Silver Peak Partners is a private equity firm focused on small, profitable company acquisitions with $3 to $10 million of EBITDA. Silver Peak Partners looks to partner with management when pursuing investments and will consider opportunities in the infrastructure, environmental and recycling, aerospace and defense, niche/precision manufacturing, and agribusiness sectors. Silver Peak Partners was formed in 2008 and is based in Denver, Colorado.

DEAL STATS #
Overall 8 of 11
Sector (Manufacturing) 1 of 1
Type (Recapitalization) 7 of 8
State (Washington) 1 of 1
Country (United States) 8 of 11
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 PLM Asphalt & Concrete

Castle Rock, Colorado, United States

PLM Asphalt & Concrete provides asphalt and concrete surface repair, replacement, maintenance, and construction services, in the Rocky Mountain region. The Company performs these services for suburban municipalities, industrial customers, property managers, homeowner associations, and general contractors. PLM Asphalt & Concrete was founded in 1997 and is based in Castle Rock, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-09 Pro-Vac

Puyallup, Washington, United States

Pro-Vac is an environmental, infrastructure, and municipal services provider in the Pacific Northwest. Pro-Vac offers a comprehensive suite of essential support services to the infrastructure, municipal, and environmental markets, including hydro excavation, storm, and sewer maintenance, pipe/line jetting, industrial vacuum cleaning, CCTV inspection, commercial sweeping, tank rental, and other specialty services. Pro-Vac was founded in 2002 and is based in Puyallup, Washington.

Sell -
Buyer

Blue Sage Capital

Austin, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Blue Sage Capital is a private investment firm that invests in lower middle-market companies that have the potential to become market leaders. Target businesses typically generate sales of $20 to $125 million and are valued up to $125 million. Blue Sage is a generalist firm with broad industry interest. Target sectors include industrial, distribution, service, healthcare, manufacturing, energy and media. Blue Sage geographically prefers companies located in Texas and the Southwest US. Blue Sage will not invest in banks, life insurance companies, oil and gas exploration and development projects, real estate development or companies located outside of the United States. Blue Sage was formed in 2003 and is based in Austin, Texas.

DEAL STATS #
Overall 20 of 29
Sector (Manufacturing) 1 of 3
Type (Recapitalization) 2 of 2
State (Washington) 1 of 1
Country (United States) 19 of 28
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Ligchine

Darien, Wisconsin, United States

Ligchine is a designer, manufacturer, and marketer of laser-guided boom-operated concrete screeds. The Company produces a diverse range of models under the ScreedSaver banner, and Ligchine’s products provide best-in-class concrete floor flatness and levelness results for its customers. Ligchine was founded in 2007 and is based in Darien, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 Primus Sterilizer

Omaha, Nebraska, United States

Primus Sterilizer Co. is a manufacturer of handmade stainless steel steam sterilizers. Primus Sterilizer was founded in 1984 and is based in Omaha, Nebraska.

Sell -
Mergr

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