M&A Deal Summary

Praesidian Capital, DBI Capital and EFM Capital Partners Acquire Pro-Motion Distributing

On March 31, 2006, mezzanine finance firm Praesidian Capital, private equity firm DBI Capital and private equity firm EFM Capital Partners acquired distribution company Pro-Motion Distributing

Acquisition Highlights
  • This is Praesidian Capital’s 1st, DBI Capital’s 1st and EFM Capital Partners’ 1st transaction in the Distribution sector.
  • This is Praesidian Capital’s 8th, DBI Capital’s 2nd and EFM Capital Partners’ 1st transaction in the United States.
  • This is Praesidian Capital’s 1st, DBI Capital’s 2nd and EFM Capital Partners’ 1st transaction in California.
Investment Fate
  • Pro-Motion Distributing was sold to a strategic buyer in 2023.

M&A Deal Summary

Date 2006-03-31
Target Pro-Motion Distributing
Sector Distribution
Buyer(s) Praesidian Capital
DBI Capital
EFM Capital Partners
Deal Type Recapitalization

Target

Pro-Motion Distributing

Diamond Bar, California, United States
Pro-Motion Distributing is a distributor of automotive performance parts in the sport compact car market. Pro-Motion Distributing was founded in 1989 and is based in Diamond Bar, California.

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Buyer(S) 3

Buyer

Praesidian Capital

Oklahoma City, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Praesidian Capital is a mezzanine debt provider for middle-market companies throughout the US and Europe. Praesidian looks to provide junior capital to businesses with revenues between $3 and $100 million and EBITDA between $250k and $20 million. Capital is typically used to support acquisitions, management/leveraged buyouts, recapitalizations, and restructurings. Praesidian will not invest in oil & gas exploration, financial services, real estate, or start-ups. Praesidian Capital was formed in 2002 and is based in New York City.


DEAL STATS #
Overall 8 of 52
Sector: Distribution M&A 1 of 1
Type: Recapitalization M&A Deals 3 of 14
State: California M&A 1 of 10
Country: United States M&A 8 of 49
Year: 2006 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 HeyTex USA

Pulaski, Virginia, United States

HeyTex USA produces coated, laminated, and composite fabrics for the single-ply roofing, transportation, marine, military, environmental, airline, inflatable, industrial, agricultural, recreational, and athletic industries. HeyTex USA was founded in 1949 and is based in Pulaski, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-05 RAI Group

Hackensack, New Jersey, United States

RAI Group operates as an administrative and insurance brokerage company, providing a variety of services for clients with life insurance policies. RAI Group is based in Hackensack, New Jersey.

Buy -
Buyer

DBI Capital

Carlsbad, California, United States

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

DBI Capital LLC is a private equity firm that invests in companies located in the Western US, primarily opportunities in Southern California. The Firm focuses on smaller middle-market companies with an enterprise value of $3 - $15 million and EBITDA of $1 - $5 million. DBI’s specific areas of interest includes manufacturing, business services, media, retail, automotive, transportation and building products. The firm invests in the range of $1 - $5 million per transaction. Target transaction types include buyouts and recapitalizations. DBI Capital LLC is based in Carlsbad, California.


DEAL STATS #
Overall 2 of 5
Sector: Distribution M&A 1 of 1
Type: Recapitalization M&A Deals 2 of 2
State: California M&A 2 of 4
Country: United States M&A 2 of 5
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Drawer Box Specialties

Orange, California, United States

Drawer Box Specialties, Inc., located in Orange, California, is a manufacturer of custom drawer boxes for use by residential and commercial custom cabinetmakers and small to midsized furniture manufacturers primarily in the Western United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-02 Turbo International

Carlsbad, California, United States

Turbo International is a manufacturer of replacement turbochargers assemblies and components dedicated to serving the independent global aftermarket. The company has manufactured replacement parts for turbos fitted as original equipment. Turbo International was founded in 1989 and is based in Carlsbad, California.

Buy -
Buyer

EFM Capital Partners

Fate, Texas, United States

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

EFM Capital Partners is a private equity firm that acquires manufacturing, distribution, and business services companies in the US, primarily in southern California. The Firm targets consistent, stable industry growth, low customer concentration, and differentiated products and service companies. They typically seek to invest in the form of common or preferred stock in exchange for a controlling interest in the companies. It looks to invests in companies with revenues up to $25 million and EBITDA up to $5 million or (margins greater than or equal to 10%). EFM Capital Partners was formed in 2005 and is based in San Diego, California.


DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2006 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-10 Pro-Motion Distributing

Diamond Bar, California, United States

Pro-Motion Distributing is a distributor of automotive performance parts in the sport compact car market. Pro-Motion Distributing was founded in 1989 and is based in Diamond Bar, California.

Sell -