M&A Deal Summary

Peninsula Capital Partners and VergePointe Capital Acquire Herbers Autobody Repair

On April 1, 2015, mezzanine finance firm Peninsula Capital Partners and private equity firm VergePointe Capital acquired automotive company Herbers Autobody Repair

Acquisition Highlights
  • This is Peninsula Capital Partners’ 6th and VergePointe Capital’s 1st transaction in the Automotive sector.
  • This is Peninsula Capital Partners’ 3rd and VergePointe Capital’s 1st transaction in Canada.
  • This is Peninsula Capital Partners’ 3rd and VergePointe Capital’s 1st transaction in Alberta.

M&A Deal Summary

Date 2015-04-01
Target Herbers Autobody Repair
Sector Automotive
Buyer(s) Peninsula Capital Partners
VergePointe Capital
Deal Type Recapitalization

Target

Herbers Autobody Repair

Edmonton, Alberta, Canada
Herbers Autobody Repair operates a chain of five large autobody repair and refinishing facilities that have been serving the Canadian market for decades. Herbers Autobody Repair was founded in 1978 and is based in Edmonton, Alberta.

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Buyer(S) 2

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 97 of 128
Sector (Automotive) 6 of 6
Type (Recapitalization) 19 of 31
State (Alberta) 3 of 3
Country (Canada) 3 of 3
Year (2015) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-16 Brite-Line

Denver, Colorado, United States

Brite-Line is a manufacturer of high performance reflective highway pavement marking tapes and materials used in road construction projects worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-04 Burlington Medical

Newport News, Virginia, United States

Burlington Medical is a manufacturer and distributor of radiation products for medical professionals as well as patient comfort products. Burlington Medical was founded in 1969 and is based in Newport News, Vermont.

Buy -
DESCRIPTION

VergePointe Capital is a private equity firm that looks to acquire majority or minority positions in profitable mid-sized companies in the Western US with up to $50 million of revenue. The Firm will consider a variety of transaction situations including buyouts, family successions, recapitalizations and growth equity financings. Sectors of interest include consumer products, manufacturing, and distribution. VergePointe Capital is headquartered in Lake Oswego, Oregon.


DEAL STATS #
Overall 2 of 2
Sector (Automotive) 1 of 1
Type (Recapitalization) 2 of 2
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-01 Crimson Trace

Wilsonville, Oregon, United States

Crimson Trace Corp. is a designer and manufacturer of laser sights for firearms, and also offers grip-integrated laser sights for guns.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-25 Crimson Trace

Wilsonville, Oregon, United States

Crimson Trace Corp. is a designer and manufacturer of laser sights for firearms, and also offers grip-integrated laser sights for guns.

Sell $95M