M&A Deal Summary

PlayPower Acquires Playtime

On August 1, 2018, PlayPower acquired leisure company Playtime from Geneva Glen Capital and Monroe Capital

Acquisition Highlights
  • This is PlayPower’s 1st transaction in the Leisure sector.
  • This is PlayPower’s 3rd transaction in the United States.
  • This is PlayPower’s 1st transaction in Colorado.

M&A Deal Summary

Date 2018-08-01
Target Playtime
Sector Leisure
Buyer(s) PlayPower
Sellers(s) Geneva Glen Capital
Monroe Capital
Deal Type Add-on Acquisition

Target

Playtime

Englewood, Colorado, United States
Playtime is a provider of unique, interactive healthy play areas and soft sculpted playground equipment for indoor, outdoor and water play. Playtime designs, markets, manufactures and installs custom soft sculpted play areas in many market segments including shopping centers, restaurants, airports, stadiums, childcare centers, healthcare centers, fitness centers, churches, resorts, recreation centers, water parks, and museums. Playtime was founded in 2001 and is based in Englewood, Colorado.

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Buyer(S) 1

Buyer

PlayPower

Huntersville, North Carolina, United States

Category Company
Founded 1993
Sector Consumer Products
DESCRIPTION

PlayPower is a manufacturer of commercial playground systems and recreational equipment. With operations in both the US and Europe, the Company manufactures and markets a wide range of innovative products including commercial playground equipment, floating docks and boat/personal watercraft lifts, contained play systems, site amenities, and other related products. PlayPower is based in Huntersville, North Carolina.


DEAL STATS #
Overall 3 of 3
Sector: Leisure M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Colorado M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-29 Playworld Systems

Lewisburg, Pennsylvania, United States

Playworld Systems, Inc. is a commercial playground equipment manufacturer. Playworld was established in 1971 and is headquartered in Lewisburg, Pennsylvania.

Buy -

Seller(S) 2

SELLER

Geneva Glen Capital

Chicago, Illinois, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Geneva Glen Capital is a private equity firm that invests in lower middle-market companies. The Firm partners with management when pursuing private companies with leading market positions, significant growth potential, and stable cash flows. Target businesses are located in the US or Canada and have $2 to $20 million of EBITDA. Sectors of interest include business/consumer services, consumer products, environmental services, education, healthcare, niche manufacturing, publishing, chemicals, insurance, and value-added distribution. Geneva Glen will not invest in high technology, retail, restaurants, real estate, or early-stage companies. Geneva Glen Capital was formed in 2008 and is based in Chicago, Illinois.


DEAL STATS #
Overall 8 of 11
Sector: Leisure M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 8
State: Colorado M&A 1 of 1
Country: United States M&A 8 of 11
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-12 Southeastern Healthcare At Home

Bristol, Pennsylvania, United States

Southeastern Healthcare At Home is an independent Medicare home health provider in Pennsylvania. Southeastern operates in 16 offices across Eastern Pennsylvania and Eastern Virginia. In addition to providing traditional home health care services, the Company offers a full suite of specialty services to address patients’ needs, including Heart Failure Disease Management, Palliative Care, Wound Care, Lymphedema, Tele-Health, Geriatric Care Management, Gero-Psychiatric, and Oncology Home Health Care programs. Southeastern Home Health Services was founded in 1987 and is based in Bristol, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-13 Reusability

El Segundo, California, United States

Reusability is a provider of recoverable shipping racks to the nursery industry. The Company's pallet racks and recovery services allow nurseries to efficiently ship their products to retailers nationwide on a cost effective basis, while also increasing store efficiency for retailers via reduced labor and waste. Reusability was founded in 2000 and is based in El Segundo, California.

Buy -
SELLER

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago, Illinois.


DEAL STATS #
Overall 26 of 55
Sector: Leisure M&A 1 of 1
Type: Add-on Acquisition M&A Deals 13 of 29
State: Colorado M&A 1 of 2
Country: United States M&A 26 of 54
Year: 2018 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-24 Little River Healthcare

Rockdale, Texas, United States

Little River Healthcare is a rural-based healthcare provider. The healthcare system consists of two hospitals, five outpatient diagnostic imaging centers, two outpatient surgery centers, and nine outpatient clinics, supporting a number of specialty services such as cardiology, orthopedics, and neurology. Little River Healthcare is based in Rockdale, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 Cal Net Technology Group

Chatsworth, California, United States

Cal Net Technology Group, Inc. is a provider of IT services to organizations. Cal Net offers full and partially outsourced IT service and support capabilities, cloud capabilities, infrastructure design and implementation, security services, and unified communications to the Southern California small and medium sized businesses (“SMB”) market. Cal Net Technology Group, Inc. was founded in 1995 and is based in Chatsworth, California.

Sell -