Secondary Buyout • Distribution

Platte River Equity Acquires MES

On October 4, 2021, private equity firm Platte River Equity acquired distribution company MES from HB Equity Partners

Acquisition Context
  • This is Platte River Equity’s 2nd transaction in the Distribution sector.
  • This is Platte River Equity’s 27th transaction in the United States.
  • This is Platte River Equity’s 2nd transaction in Connecticut.

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M&A Deal Summary

Date October 4, 2021
Target MES
Sector Distribution
Buyer(s) Platte River Equity
Sellers(s) HB Equity Partners
Deal Type Secondary Buyout
Advisor(s) Nelson Mullins Riley & Scarborough (Legal)

Target Company

MES

Sandy Hook, Connecticut, United States
MES is a distributor of fire service Brands, including 3M Scott, Honeywell, FireDex, Seek Thermal, Hurst Jaws of Life, Matex Hose, 5.11 Tactical, and Genesis Rescue Systems. MES was founded in 2001 and is based in Sandy Hook, Connecticut.
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Buyer Overview 1

Buyer

Platte River Equity

Denver, Colorado, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 1.7B USD
Size Large
Type Sector Focused
DESCRIPTION

Platte River Equity is a private equity firm focused on investing in small and middle-market private companies based in the US. Platte River generally invests $25 to $100 million of equity capital per transaction and looks for businesses that can benefit from the Firm's operating expertise. Sectors of interest include aerospace manufacturing and services, metals, chemicals, energy and energy services, natural resources, financial services, and communications. Platte River typically targets control investment situations, but will opportunistically pursue minority investments. Platte River Equity was formed in 2006 and is based in Denver, Colorado.


Deal Context for Buyer #
Overall 28 of 34
Sector: Distribution 2 of 6
Type: Secondary Buyout 5 of 7
State: Connecticut 2 of 2
Country: United States 27 of 33
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 MetCon

Monaca, Pennsylvania, United States

MetCon is a titanium metal processing company providing intermediate conditioning and finishing services. MetCon was founded in 2010 and is based in Monaca, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Turf Care Supply

Brunswick, Ohio, United States

Turf Care Supply is a manufacturer of professional grade lawn care products including fertilizers, controlled release fertilizers, control products, combination products and soil amendments. Turf Care Supply was founded in 1974 and is based in Brunswick, Ohio.

Buy -

Seller Profile 1

SELLER

HB Equity Partners

New York, New York, United States

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

HB Equity Partners is a private equity firm that targets small company investments in distribution, gaming, leisure/entertainment, media/telecommunications, services, and specialty manufacturing. HB Equity looks to invest between $10 and $30 million of equity capital in businesses valued up to $100 million. Target transaction situations include managment buyouts, corporate divestitures, growth financings, recapitalizations, and special situations. HB Equity prefers to partner with management teams and has an investment horizon of three to five years. HB Equity Partners was formed in 2002 and is based in New York City.


Deal Context for Seller #
Overall 4 of 4
Sector: Distribution 1 of 1
Type: Secondary Buyout 1 of 1
State: Connecticut 1 of 1
Country: United States 4 of 4
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-11 Advent Communications and Entertainment

Las Vegas, Nevada, United States

Advent Communications & Entertainment is a gaming development company that has a portfolio of projects including gaming and hotel entertainment concepts. Each project is developed independently in order to create licensing and franchising opportunities. Advent Communications and Entertainment is based in Las Vegas, Nevada.

Sell -