Secondary Buyout • Distribution

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 Context
  • 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.

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M&A Deal Summary

Date October 8, 2020
Target Highline Warren
Sector Distribution
Buyer(s) Pritzker Private Capital
Sellers(s) The Sterling Group
Deal Type Secondary Buyout

Target Company

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 Overview 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 Context for Buyer #
Overall 21 of 30
Sector: Distribution 1 of 1
Type: Secondary Buyout 13 of 15
State: Tennessee 3 of 6
Country: United States 21 of 30
Year: 2020 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-06 Energy Distribution Partners

Chicago, Illinois, United States

Energy Distribution Partners actively acquires and operates residential and commercial propane and natural gas distributors as well as wholesale and midstream energy distribution operations. Energy Distribution Partners was founded in 2011 and is based in Chicago, Illinois.

Buy -
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 Profile 1

SELLER

The Sterling Group

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 9.0B USD
Size Mega
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 $1000 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 Context for Seller #
Overall 29 of 36
Sector: Distribution 7 of 7
Type: Secondary Buyout 14 of 18
State: Tennessee 4 of 4
Country: United States 26 of 33
Year: 2020 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-11 Construction Supply Group

Denver, Colorado, United States

Construction Supply Group engages in the distribution of construction materials, accessories and tools, primarily for professional concrete and masonry contractors in the United States and Canada. Construction Supply Group is based in Denver, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 American Pavement Preservation

Las Vegas, Nevada, United States

American Pavement Preservation provides a full suite of services including slurry seal, seal coating, commercial paving, pavement patching, crack sealing and pavement marking to public and private sector customers in the Southwest United States. American Pavement Preservation was founded in 2009 and is based in Las Vegas, Nevada.

Buy -