M&A Deal Summary

Pritzker Private Capital Acquires Highline Warren

On October 8, 2020, family office Pritzker Private Capital acquired distribution company Highline Warren from The Sterling Group

Acquisition Highlights
  • This is Pritzker Private Capital’s 1st transaction in the Distribution sector.
  • This is Pritzker Private Capital’s 21st transaction in the United States.
  • This is Pritzker Private Capital’s 3rd transaction in Tennessee.

M&A Deal Summary

Date 2020-10-08
Target Highline Warren
Sector Distribution
Buyer(s) Pritzker Private Capital
Sellers(s) The Sterling Group
Deal Type Secondary Buyout

Target

Highline Warren

Memphis, Tennessee, United States
Highline Warren is a national distributor of automotive products, with 15 distribution centers and eight state-of-the-art manufacturing facilities serving multiple channels across the aftermarket industry. Highline Warren was founded in 2016 and is based in Memphis, Tennessee.

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Buyer(S) 1

Buyer

Pritzker Private Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Family Office
Founded 1996
Size Large
Type Sector Agnostic
DESCRIPTION

Pritzker Private Capital is a family office and private investment firm focused on leveraged buyouts, acquisitions, and recapitalizations of profitable, middle-market, North American companies across a broad range sectors. Specific industries of interest include consumer products and services, industrial products and services, distribution, telecommunications, IT, healthcare, and business services. Target enterprise values are generally between $200 million and $1.5 billion. Pritzker Private Capital was formed in 1996 and is based in Chicago, Illinois.


DEAL STATS #
Overall 21 of 29
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 13 of 15
State (Tennessee) 3 of 5
Country (United States) 21 of 29
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-05 Peco Pallet

Itasca, Illinois, United States

Peco Pallet engages in transportation and logistics services in North America. Peco Pallet owns a pool of approximately 20 million wood block pallets that primarily serve food and beverage manufacturers in shipping their goods in a cost-effective manner. Peco Pallet was established in 1997 and is based in Itasca, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 ENTACT

Westmont, Illinois, United States

ENTACT is a provider of environmental field remediation services to customers throughout the United States and in select international locations. ENTACT was founded in 1991 and is based in Westmons, Illinois.

Sell -

Seller(S) 1

SELLER

The Sterling Group

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Sterling Group is a private equity firm focused on acquiring middle-market businesses within basic manufacturing, industrial services, and distribution. Sterling looks for companies valued from $100 to $750 million with positive cash-flow, strong market positions, and potential to grow. Sterling avoids investments in financial services, real estate, healthcare, or information technology companies. The Sterling Group was formed in 1982 and is based in Houston, Texas.


DEAL STATS #
Overall 28 of 29
Sector (Distribution) 6 of 6
Type (Secondary Buyout) 14 of 15
State (Tennessee) 4 of 4
Country (United States) 25 of 26
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-11 Stripe-A-Zone

Grand Prairie, Texas, United States

Founded in 1950, Stripe-A-Zone offers a full range of parking lot and road services. The company strives to improve quality through innovation, technology, and our vast experience. Its large fleet of service trucks and professional staff allows to perform emergency jobs in a timely manner with a shared sense of urgency.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Merchants Metals

Atlanta, Georgia, United States

Merchants Metals manufactures chain link and ornamental steel fences and fittings at five manufacturing facilities in Houston, Texas; Statesville, North Carolina; Harrison, Arkansas; New Paris, Indiana; and Mexicali, CP, Mexico.

Buy -