M&A Deal Summary

PrimeSport Acquires Premiere Global Sports

On June 24, 2013, PrimeSport acquired marketing company Premiere Global Sports from Pfingsten Partners

Acquisition Highlights
  • This is PrimeSport’s 1st transaction in the Marketing sector.
  • This is PrimeSport’s 1st transaction in the United States.
  • This is PrimeSport’s 1st transaction in Illinois.

M&A Deal Summary

Date 2013-06-24
Target Premiere Global Sports
Sector Marketing
Buyer(s) PrimeSport
Sellers(s) Pfingsten Partners
Deal Type Add-on Acquisition

Target

Premiere Global Sports

Libertyville, Illinois, United States
Premiere Global Sports, Inc. provides sports and entertainment travel, hospitality, special event marketing, and event ticket brokerage services for consumers, corporations, and universities worldwide.

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Buyer(S) 1

Buyer

PrimeSport

Atlanta, Georgia, United States

Category Company
Founded 2010
Sector Media
DESCRIPTION

PrimeSport, Inc. is a provider of direct access to the biggest sporting events on the planet, offering tickets, travel, hospitality, and VIP experiences for corporations, professional sports teams and fans. PrimeSport was founded in 2010 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 1 of 1
Sector: Marketing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 1

SELLER

Pfingsten Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Pfingsten's office building at 300 North LaSalle in Chicago.
Pfingsten's office building at 300 North LaSalle in Chicago.

Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.


DEAL STATS #
Overall 15 of 41
Sector: Marketing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 16
State: Illinois M&A 7 of 8
Country: United States M&A 15 of 41
Year: 2013 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Closet Works

Elmhurst, Illinois, United States

Closet Works is a designer, manufacturer, and supplier of wood-based custom home storage and organization solutions. Closet Works was founded in 1987 and is based in Elmhurst, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-30 Allied Reliability

Houston, Texas, United States

Allied Reliability provides reliability and maintenance services that help industrial companies and government agencies reduce maintenance costs and increase equipment uptime and throughput. Allied Reliability Group was established in 1997 and is based in Houston, Texas.

Buy -