M&A Deal Summary

Private Equity Capital and Pilgrim Capital Partners Acquire Interstate SignWays

On December 1, 2003, private equity firms Private Equity Capital and Pilgrim Capital Partners acquired manufacturer Interstate SignWays

Acquisition Highlights
  • This is Private Equity Capital’s 1st and Pilgrim Capital Partners’ 1st transaction in the Manufacturing sector.
  • This is Private Equity Capital’s 11th and Pilgrim Capital Partners’ 8th transaction in the United States.
  • This is Private Equity Capital’s 1st and Pilgrim Capital Partners’ 1st transaction in Arkansas.

M&A Deal Summary
Date 2003-12-01
Target Interstate SignWays
Sector Manufacturing
Buyer(s) Private Equity Capital
Pilgrim Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Interstate SignWays

Little Rock, Arkansas, United States
Interstate SignWays designs, manufactures, and distributes a broad offering of signage products, including a reflective guide, regulatory and warning, reflective logo, and internally illuminated signs for use in federal, state, and local transportation systems, mass transit systems, toll roads and private highways. Interstate SignWays was founded in 1959 and is based in Little Rock, Arkansas.

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Buyer(S) 2

Buyer

Private Equity Capital

Westport, Connecticut, United States
Category Private Equity Firm
Founded 1998
Size Small
Type Sector Agnostic
DESCRIPTION

Private Equity Capital Corporation (PECC) is a private equity firm focused on acquiring privately owned businesses and subsidiaries or divisions of public companies. PECC pursues US-based companies with revenues between $20 and $200 million and at least $2 million of EBIT. Prospective companies generally lead their respective markets and have management willing to stay post acquisition. Sectors of interest include information technology, consumer products, financial services, business process outsourcing, healthcare, information services and publishing. PECC was formed in 1998 and is based in Westport, Connecticut.

DEAL STATS #
Overall 11 of 17
Sector (Manufacturing) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 11 of 16
State (Arkansas) 1 of 1
Country (United States) 11 of 17
Year (2003) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-07 McKenzie Taxidermy Supply

Granite Quarry, North Carolina, United States

McKenzie Taxidermy Supply is a manufacturer, sculptor, designer, and catalog retailer of taxidermy forms and supplies. McKenzie Taxidermy Supply was founded in 1973 and is based in Granite Quarry, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-01 Creative Mail and Marketing

Gardena, California, United States

Creative Mail and Marketing, Inc. is a provider of direct mailing and marketing solutions. Creative Mail and Marketing was founded in 2004 and is based in Gardena, California.

Buy -
Buyer

Pilgrim Capital Partners

Fairfield, Connecticut, United States
Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Pilgrim Capital Partners is a private equity firm that invests in change of ownership and growth equity transactions. Pilgrim looks for established, middle-market companies operating in defensible markets. Prospective companies generally have sales of $10 to $100 million and operating profits of at least $2 million. Pilgrim has a preference for East Coast and Midwest-based opportunities, however the Firm will consider investments nationwide. Pilgrim Capital Partners was formed in 2006 and is based in Fairfield, Connecticut.

DEAL STATS #
Overall 8 of 13
Sector (Manufacturing) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 8 of 11
State (Arkansas) 1 of 1
Country (United States) 8 of 13
Year (2003) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-07 McKenzie Taxidermy Supply

Granite Quarry, North Carolina, United States

McKenzie Taxidermy Supply is a manufacturer, sculptor, designer, and catalog retailer of taxidermy forms and supplies. McKenzie Taxidermy Supply was founded in 1973 and is based in Granite Quarry, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-01 Creative Mail and Marketing

Gardena, California, United States

Creative Mail and Marketing, Inc. is a provider of direct mailing and marketing solutions. Creative Mail and Marketing was founded in 2004 and is based in Gardena, California.

Buy -
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