M&A Deal Summary

Plexus Capital Acquires FlowBelow

On August 1, 2019, private equity firm Plexus Capital acquired automotive company FlowBelow

Acquisition Highlights
  • This is Plexus Capital’s 1st transaction in the Automotive sector.
  • This is Plexus Capital’s 80th transaction in the United States.
  • This is Plexus Capital’s 5th transaction in Texas.

M&A Deal Summary
Date 2019-08-01
Target FlowBelow
Sector Automotive
Buyer(s) Plexus Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

FlowBelow

Austin, Texas, United States
FlowBelow is a designer and assembles patented aerodynamic products placed on Class 8 trucks and trailers which reduce wind resistance and improve fuel efficiency. FlowBelow is based in Austin, Texas.

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Buyer(S) 1

Buyer

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 80 of 97
Sector (Automotive) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 36 of 48
State (Texas) 5 of 7
Country (United States) 80 of 97
Year (2019) 10 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Advanced Drying Systems

Tampa, Florida, United States

Advanced Drying Systems Corp. provides water damage restoration services for residential and commercial customers throughout Florida and Louisiana. Advanced Drying Systems was established in 2009 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-31 SuccessEd

Frisco, Texas, United States

SuccessEd provides, develops and sells SaaS-based educational software solutions for special education and other special programs to K-12 schools and school districts primarily in the state of Texas. SuccessEd was founded in 1994 and is based in Frisco, Texas.

Buy -
Mergr

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