M&A Deal Summary

PlayCore Acquires Spectrum Products

On December 10, 2010, PlayCore acquired manufacturer Spectrum Products from Mendota Group

Acquisition Highlights
  • This is PlayCore’s 3rd transaction in the Manufacturing sector.
  • This is PlayCore’s 7th transaction in the United States.
  • This is PlayCore’s 1st transaction in Montana.

M&A Deal Summary
Date 2010-12-10
Target Spectrum Products
Sector Manufacturing
Buyer(s) PlayCore
Sellers(s) Mendota Group
Deal Type Add-on Acquisition
Advisor(s) Madeira Partners (Financial)

Target

Spectrum Products

Missoula, Montana, United States
Spectrum Products LLC is a manufacturer and distributor of pool equipment and supplies sold under the Spectrum Aquatics brand name. Spectrum’s primary focus is on providing equipment to enhance the access by the handicapped and elderly to swimming pools and spas. Spectrum also is a leader in the manufacturer of custom decking equipment used in commercial pools. Products manufactured include: Swim-Lift handicap lifts, therapy tanks, dive stands, competitive starting platforms, lifeguard chairs, hand railings and ladders.

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Buyer(S) 1

Buyer

PlayCore

Chattanooga, Tennessee, United States
Category Company
Founded 1979
Sector Consumer Products
Employees1,062
DESCRIPTION

PlayCore is a provider of consumer equipment and backyard products. It specializes in the design, manufacture and marketing of commercial and consumer outdoor playground equipment. The consumer division manufactures kits for wooden swing sets and climbing units, plastic slides and related products. PlayCore was founded in 1979 and is headquartered in Chattanooga, Tennessee.

DEAL STATS #
Overall 7 of 20
Sector (Manufacturing) 3 of 5
Type (Add-on Acquisition) 7 of 20
State (Montana) 1 of 1
Country (United States) 7 of 20
Year (2010) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-10 Big Toys

Chattanooga, Tennessee, United States

BigToys is a commercial playground equipment company promoting environmental awareness and responsible stewardship of natural resources.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-15 National Recreation Systems

Fort Wayne, Indiana, United States

National Recreation Systems, Inc. designs and manufactures angle frame bleacher systems for customers in the United States and internationally.

Buy -

Seller(S) 1

SELLER

Mendota Group

Madison, Wisconsin, United States
Category Private Equity Firm
Founded 2000
Size Small
Type Sector Focused
DESCRIPTION

The Mendota Group is a private investment firm that targets Midwest US-based investments in low to medium technology manufacturing, distribution, and service-related companies. Prospective acquisitions are either privately owned or subsidiaries/divisions of publicly owned companies. Mendota typically seeks businesses with revenues between $5 and $20 million and valued less then $20 million. The Mendota Group is based in Madison, Wisconsin.

DEAL STATS #
Overall 1 of 4
Sector (Manufacturing) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Montana) 1 of 1
Country (United States) 1 of 4
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 Preston Eastin

Tulsa, Oklahoma, United States

Preston Eastin designs and manufactures a complete line of manual, electric, and robotic welding positioners and manipulators. Customers range from small welding shops that use standard manual welding equipment to large industrial manufacturing operations that use sophisticated robotic welding equipment. A welding positioner can range in size from a small tabletop mount to large floor mount units that utilize I-beams for the frame, depending on the application. Preston Eastin was founded in 1972 and is based in Tulsa, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-25 WEM Automation

New Berlin, Wisconsin, United States

WEM Automation provides the design and development of software and control systems for industrial process automation and data collection. WEM Automation was founded in 1955 and is based in New Berlin, Wisconsin.

Buy -
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