M&A Deal Summary

Platinum Equity and Littlejohn Acquire Interior Logic

On March 3, 2017, private equity firms Platinum Equity and Littlejohn acquired construction company Interior Logic from MSouth Equity Partners

Acquisition Highlights
  • This is Platinum Equity’s 2nd and Littlejohn’s 2nd transaction in the Construction sector.
  • This is Platinum Equity’s 68th and Littlejohn’s 40th transaction in the United States.
  • This is Platinum Equity’s 8th and Littlejohn’s 4th transaction in California.
Investment Fate
  • Interior Logic was sold to a consortium of financial buyers in 2021 for 1.6B USD.

M&A Deal Summary

Date 2017-03-03
Target Interior Logic
Sector Construction
Buyer(s) Platinum Equity
Littlejohn
Sellers(s) MSouth Equity Partners
Deal Type Secondary Buyout

Target

Interior Logic

San Diego, California, United States
Interior Logic is a provider of outsourced design center and installation services to homebuilders for new housing construction, including flooring, cabinets, countertops, other home finishes, as well as repair and remodel services to multi-family property owners. Interior Logic is based in San Diego, Georgia.

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Buyer(S) 2

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 81 of 156
Sector: Construction M&A 2 of 2
Type: Secondary Buyout M&A Deals 9 of 42
State: California M&A 8 of 14
Country: United States M&A 68 of 121
Year: 2017 M&A 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Valpak

Saint Petersburg, Florida, United States

Valpak is a direct marketing service provider. The Business reaches more than 100 million consumers primarily through Valpak "Blue Envelope" household mailers and its digital offering Valpak.com, as well as Savings.com an online provider of digital coupons and promotional codes. Valpak was founded in 1968 and is based in Saint Petersburg, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-13 Winc

Mascot, Australia

Winc is a distributor of business products and services in Australia. The Company serves a diverse customer base: corporate customers including small, medium, and enterprise businesses; government customers including federal, state and territory governmental organizations in Australia; plus various education related customers. Winc is based in Mascot, New South Wales.

Buy -
Buyer

Littlejohn

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 7.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Littlejohn is a private equity firm that makes control investments in mid-sized companies undergoing change; either in capital structure, strategy, operations, or growth. Littlejohn looks to commit $50 to $250 million of equity, mezzanine, or credit capital in companies with annual revenues of $100 to $800 million. Sectors of interest include industrial equipment, packaging, chemicals, automotive and transportation parts and equipment, food and food processing, healthcare, plastics, aerospace/defense, distribution, environmental and infrastructure services, and consumer products. The Firm avoids investing in real estate, fashion, retail, and businesses engaged in high technology. Littlejohn prefers opportunities located in the US, but also considers opportunities in Europe and Canada. Littlejohn was formed in 1996 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 44 of 66
Sector: Construction M&A 2 of 2
Type: Secondary Buyout M&A Deals 16 of 31
State: California M&A 4 of 4
Country: United States M&A 40 of 62
Year: 2017 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 Tidel

Carrollton, Texas, United States

Tidel is a provider of cash management solutions that empower retail institutions across the globe to better manage their daily cash operations, reduce risk, and increase profits. Customers rely on Tidel to provide reliable solutions that help secure, optimize, and streamline their cash environment. Tidel is based in Carrollton, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-10 Total Safety

Houston, Texas, United States

Total Safety is a provider of integrated safety and compliance services and the products necessary to support them, including gas detection, respiratory protection, safety training, fire protection, compliance and inspection, comprehensive flare services, industrial hygiene, onsite emergency medical treatment/paramedics, communications systems, engineered systems design, and materials management. Total Safety is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

MSouth Equity Partners

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

MSouth Equity Partners is a private equity firm focused on mid-sized company investments and acquisitions valued between $25 and $250 million. The Firm prefers opportunities in Southern US and looks to commit $25 to $100 million per transaction. Sectors of interest include distribution, business services, media, telecom, and specialty manufacturing. MSouth is the successor to private equity firm, Cravey, Green & Wahlen, Inc. which was founded in 1984. MSouth Equity Partners is based in Atlanta, Georgia.


DEAL STATS #
Overall 15 of 36
Sector: Construction M&A 1 of 3
Type: Secondary Buyout M&A Deals 8 of 15
State: California M&A 1 of 2
Country: United States M&A 15 of 36
Year: 2017 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-17 USA TV MidAmerica

Atlanta, Georgia, United States

USA TV MidAmerica is a company focused on acquiring local broadcast television stations in attractive, mid-tier markets in the U.S. USA TV MidAmerica currently manages six stations that have entrenched market-leading positions in cities with attractive underlying economic fundamentals. Collectively, the USA TV MidAmerica stations reach nearly two million people daily.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-31 Intersect Group

Atlanta, Georgia, United States

Intersect Group is a provider of professional staffing services within the Information Technology and Finance & Accounting verticals. Intersect Group was founded in 2006 and is based in Atlanta, Georgia.

Buy -