M&A Deal Summary

Progress Equity Partners and Lake Country Capital Acquire Creative Tent

On June 30, 2021, private equity firm Progress Equity Partners and mezzanine finance firm Lake Country Capital acquired manufacturer Creative Tent

Acquisition Highlights
  • This is Progress Equity Partners’ 1st and Lake Country Capital’s 1st transaction in the Manufacturing sector.
  • This is Progress Equity Partners’ 17th and Lake Country Capital’s 1st transaction in the United States.
  • This is Progress Equity Partners’ 1st and Lake Country Capital’s 1st transaction in Nevada.

M&A Deal Summary

Date 2021-06-30
Target Creative Tent
Sector Manufacturing
Buyer(s) Progress Equity Partners
Lake Country Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Eureka Capital Markets LLC (Financial)

Target

Creative Tent

Henderson, Nevada, United States
Creative Tent is a designer and manufacturer of highly engineered tension fabric, clear-span structures deployable for a wide range of defense, aerospace, government, and commercial applications. Creative Tent was founded in 2004 and is based in Henderson, Nevada.

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Buyer(S) 2

Buyer

Progress Equity Partners

Dallas, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Progress Equity Partners is a private investment firm that seeks control positions in 'well-managed, entrepreneurial, service-based businesses.' Progress focuses on companies with sustainable/scalable business models and low capital expenditures. Specific areas of interest include building products/construction services, communication, marketing, facility maintenance services, franchising, manufacturing, retail, specialty food and healthcare services. Progress Equity Partners is based in Dallas, Texas.


DEAL STATS #
Overall 17 of 19
Sector (Manufacturing) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 7 of 7
State (Nevada) 1 of 1
Country (United States) 17 of 19
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-22 InDemand Industrial Services

Bismarck, North Dakota, United States

InDemand Industrial Services is a provider of industrial maintenance and construction services to owners and operators of industrial facilities across the United States. InDemand Industrial Services was founded in 2020 and is based in Bismarck, North Dakota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-01 Hanson Lab Solutions

Camarillo, California, United States

Hanson Lab Solutions is a vertically-integrated manufacturer and supplier of laboratory casework, fume hoods, and related accessories to R&D laboratory owners and users in the western U.S. including the world’s most prominent biotech, pharmaceutical and life science companies. Hanson Lab Solutions was founded in 1977 and is based in Camarillo, California.

Buy -
Buyer

Lake Country Capital

Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2017
PE ASSETS 182M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Lake Country Capital is a debt and equity investment firm providing transitional and growth capital to US lower middle-market companies. The firm targets businesses with over $2 million in EBITDA across a variety of industries, including the manufacturing, business services, consumer-related and medical/healthcare sectors. Lake Country Capital works in partnership with management teams, business owners and private equity firms to finance growth initiatives, recapitalizations and ownership transitions. Lake Country Capital was established in 2017 and has offices in Minneapolis and Los Angeles.


DEAL STATS #
Overall 1 of 2
Sector (Manufacturing) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Nevada) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-07 Catalina Finer Foods

Tampa, Florida, United States

Catalina Finer Foods is a manufacturer of authentic Cuban and Caribbean cuisine including varieties of croquettes, stuffed potato balls, tamales, stuffed cassava, and other ancillary products. Catalina Finer Foods was founded in 1974 and is based in Tampa, Florida.

Buy -