M&A Deal Summary

PlayCore Acquires Sprinturf

On October 1, 2023, PlayCore acquired manufacturer Sprinturf from Northstar Capital

Acquisition Highlights
  • This is PlayCore’s 6th transaction in the Manufacturing sector.
  • This is PlayCore’s 21st transaction in the United States.
  • This is PlayCore’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2023-10-01
Target Sprinturf
Sector Manufacturing
Buyer(s) PlayCore
Sellers(s) Northstar Capital
Deal Type Add-on Acquisition

Target

Sprinturf

Daniel Island, South Carolina, United States
Sprinturf is a manufacturer of artificial turf surfaces for athletic and landscape applications. Sprinturf was founded in 1998 and is based in Daniel Island, South Carolina.

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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 21 of 21
Sector: Manufacturing M&A 6 of 6
Type: Add-on Acquisition M&A Deals 21 of 21
State: South Carolina M&A 1 of 1
Country: United States M&A 21 of 21
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 AquaWorx

St. Petersburg, Florida, United States

AquaWorx is a packaged filtration manufacturer for both the recreational and commercial aquatics industries. AquaWorx's product line includes collector tanks, pool gutters, waterslides, interactive water play systems, and features, splash pads, decorative fountains, and accessories. AquaWorx was founded in 2009 and is based in St. Petersburg, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-14 Power Systems

Knoxville, Tennessee, United States

Power Systems is a provider of fitness, strength training and sports conditioning products. Power Systems was established in 1986 and is headquartered in Knoxville, Tennessee.

Sell -

Seller(S) 1

SELLER

Northstar Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 77 of 82
Sector: Manufacturing M&A 8 of 8
Type: Add-on Acquisition M&A Deals 28 of 29
State: South Carolina M&A 1 of 1
Country: United States M&A 73 of 78
Year: 2023 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-22 Avidity Science

Waterford, Wisconsin, United States

Avidity Science is a designer and manufacturer of automated watering and monitoring solutions for the animal and laboratory research markets. Avidity Science was established in 1969 and is based in Waterford, Wisconsin.

Sell $195M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 HydroPeptide

Issaquah, Washington, United States

HydroPeptide is a formulator and marketer of skincare products sold primarily through more than 1,000 boutique spas and dermatology offices globally, as well as direct-to-consumer via the company’s website. HydroPeptide was founded in 2004 and is based in Issaquah, Washington.

Buy -