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Buyout (LBO, MBO, MBI) • Manufacturing

Peninsula Capital Partners Acquires Smith Brothers Tool

On September 1, 2012, mezzanine finance firm Peninsula Capital Partners acquired manufacturer Smith Brothers Tool

Acquisition Context
  • This is Peninsula Capital Partners’ 15th transaction in the Manufacturing sector.
  • This is Peninsula Capital Partners’ 82nd transaction in the United States.
  • This is Peninsula Capital Partners’ 11th transaction in Michigan.

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M&A Deal Summary
Date September 1, 2012
Target Smith Brothers Tool
Sector Manufacturing
Buyer(s) Peninsula Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Smith Brothers Tool

Shelby Township, Michigan, United States
Smith Brothers Tool is an ISO 9001 and AS9100 Rev C certified manufacturer of precision custom tooling primarily for the aerospace and automotive industries. Products include lay-up tools, bond tooling, check fixtures, destructive test fixtures, precision machine stands, shipping frames, assembly fixtures, drill assemblies, and other high-precision medium- and large-scale tools. Smith Brothers Tool was established in 1981 and is based in Township, Michigan.
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Buyer Overview 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 Context for Buyer #
Overall 85 of 132
Sector: Manufacturing 15 of 19
Type: Buyout (LBO, MBO, MBI) 44 of 66
State: Michigan 11 of 16
Country: United States 82 of 124
Year: 2012 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-31 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.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 Logo Brands

Franklin, Tennessee, United States

Logo Brands is a designer and distributor of licensed sports and leisure products. Product categories like outdoor tailgating products, bags, totes, coolers, and blankets. Logo Brands was formed in 2001 and is based in Franklin, Tennessee.

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