M&A Deal Summary |
|
|---|---|
| Date | 2021-08-11 |
| Target | Fresh Direct Produce |
| Sector | Distribution |
| Buyer(s) | PNC Riverarch Capital |
| Sellers(s) | HKW |
| Deal Type | Secondary Buyout |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2011 |
| PE ASSETS | 250M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
PNC Riverarch Capital is a middle-market private equity group that invests in privately-held companies headquartered throughout North America. The Group looks to commit $10 to $50 million to help fund recapitalizations, leveraged and management buyouts, corporate divestitures and growth financings. Target sectors include business and industrial services, specialized manufacturing, and value-added distribution. PNC Riverarch was formed in 2011 and is an affiliate of PNC Financial Services Group.
| DEAL STATS | # |
|---|---|
| Overall | 26 of 35 |
| Sector (Distribution) | 4 of 4 |
| Type (Secondary Buyout) | 10 of 12 |
| State (British Columbia) | 1 of 1 |
| Country (Canada) | 2 of 3 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-10-15 |
Forta
Grove City, Pennsylvania, United States Forta is a developer of technology that provides solutions to consumer problems. Forta was founded in 1978 and is based in Grove City, Pennsylvania. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-17 |
Painters Supply
Taylor, Michigan, United States Painters Supply is a distributor of automotive, industrial, and architectural coatings in the United States. PSE serves more than 4,000 customers, including collision repair shops, auto dealerships, fleet operators, and various other commercial and industrial accounts. Painters Supply was established in 1952 and is based in Taylor, Michigan. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1903 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Hammond Kennedy Whitney & Company (HKW) is a private equity firm focused on making control investments in mid-sized, 'market leading' companies generating sales of $5 to $75 million. HKW looks for companies with low risk for technological obsolescence, defined growth strategies, and talented management who want to own equity. Target transaction situations include industry consolidations, corporate divestitures, generational changes in ownership, growth equity, management buy-outs and recapitalizations. HKW prefers North American based opportunities. HKW dates back to 1903, however the Firm transitioned from sole to institutional investors in 2001. The Firm has offices in Indianapolis and New York City.
| DEAL STATS | # |
|---|---|
| Overall | 34 of 38 |
| Sector (Distribution) | 3 of 3 |
| Type (Secondary Buyout) | 17 of 19 |
| State (British Columbia) | 2 of 2 |
| Country (Canada) | 5 of 8 |
| Year (2021) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-20 |
CIS Secure
Ashburn, Virginia, United States CIS Secure is a provider of secure communications equipment and computing solutions for a wide range of U.S. government customers. CIS is focused on modifying Commercial-off-the-Shelf (“COTS”) communications and network equipment to support stringent government requirements to protect sensitive and classified information from illicit capture or manipulation. CIS Secure was founded in 1992 and is based in Ashburn, Virginia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-22 |
Protect Plus Industries
Hickory, North Carolina, United States Protect Plus Industries is a manufacturer and distributor of retail air filters and related products for home HVAC systems. Protect Plus Industries was founded in 2003 and is based in Hickory, North Carolina. |
Sell | - |
