M&A Deal Summary

Peninsula Capital Partners and Woodlawn Partners Acquire Piranha

On May 5, 2023, mezzanine finance firm Peninsula Capital Partners and private equity firm Woodlawn Partners acquired machinery company Piranha

Acquisition Highlights
  • This is Peninsula Capital Partners’ 4th and Woodlawn Partners’ 2nd transaction in the Machinery sector.
  • This is Peninsula Capital Partners’ 121st and Woodlawn Partners’ 13th transaction in the United States.
  • This is Peninsula Capital Partners’ 9th and Woodlawn Partners’ 2nd transaction in Illinois.

M&A Deal Summary

Date 2023-05-05
Target Piranha
Sector Machinery
Buyer(s) Peninsula Capital Partners
Woodlawn Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Stout (Financial)

Target

Piranha

Rockford, Illinois, United States
Piranha is a provider of metal fabrication and cutting equipment. Piranha designs, engineers, assembles, and distributes metal fabrication equipment, such as ironworkers, fiber lasers and plasma tables, amongst others, and associated aftermarket parts, accessories, and tooling. Piranha is based in Rockford, Illinois.

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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 127 of 132
Sector: Machinery M&A 4 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 64 of 66
State: Illinois M&A 9 of 9
Country: United States M&A 121 of 124
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-05 US Auto Supply

Elgin, Illinois, United States

US Auto Supply is a B2B cataloger and direct marketer (i.e., outbound call center and e-commerce) company serving the automotive body and mechanical repair shop industries, and, to a lesser degree, the veterinary, construction and trucking industries. US Auto Supply was founded in 1946 and is based in Elgin, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-27 MacroCap Labs

Longwood, Florida, United States

MacroCap Labs is a value-added contract manufacturer of both nutraceutical products (e.g., protein powders, pre-workout powders and other dietary supplements) and sports nutrition-themed beverage products. The Company offers a full suite of services, including R&D services (e.g., product flavoring and formulation), packaging, graphic design/artwork, product manufacturing and warehousing/logistics services. MacroCap Labs is based in Longwood, Florida.

Buy -
DESCRIPTION

Woodlawn Partners, Inc. is a private investment firm focused on acquiring businesses in traditional industries. The Firm targets companies with at least $5 million in revenues and $1 million of EBITDA. Sectors of interest include manufacturing, facility services, information technology, financial services, food/beverages, transportation, and distribution. Woodlawn Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 14 of 15
Sector: Machinery M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 12 of 13
State: Illinois M&A 2 of 2
Country: United States M&A 13 of 14
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-14 Active Roofing

Chicago, Illinois, United States

Active Roofing is a commercial roofing company. The Company primarily serves the greater Chicago industrial property market. Active Roofing was founded in 1965 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-14 Wize Solutions

West Valley City, Utah, United States

Wize Solutions is a provider of material handling integration solutions. The company provides its installation crews annual training programs to remain up to date on all industry innovations. Offering specialty installation services for shelving, wire guidance, mezzanine, lockers, industrial fans, rack repair, curtain walls and just about anything a warehouse needs to stay efficient. Wize Solutions is based in West Valley City, Utah.

Buy -