M&A Deal Summary

Progress Equity Partners Acquires Diversified Machine Systems

On September 15, 2011, private equity firm Progress Equity Partners acquired machinery company Diversified Machine Systems

Acquisition Highlights
  • This is Progress Equity Partners’ 1st transaction in the Machinery sector.
  • This is Progress Equity Partners’ 10th transaction in the United States.
  • This is Progress Equity Partners’ 3rd transaction in Colorado.
Investment Fate
  • Diversified Machine Systems was sold to a strategic buyer in 2018.

M&A Deal Summary

Date 2011-09-15
Target Diversified Machine Systems
Sector Machinery
Buyer(s) Progress Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Diversified Machine Systems

Colorado Springs, Colorado, United States
Diversified Machine Systems LLC is a manufacturer of 3-axis and 5-axis CNC routers and machining centers. Located in Colorado Springs, CO, and serving customers worldwide, DMS supplies machines to a variety of manufacturing sectors including aerospace, automotive, marine, 3D sculpture, and formed plastics among many others. Diversified Machine Systems was founded in 2003 and is based in Colorado Springs, Colorado.

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Buyer(S) 1

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 10 of 19
Sector: Machinery M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 7
State: Colorado M&A 3 of 5
Country: United States M&A 10 of 19
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-05 Cambridge Home Health Care

Akron, Ohio, United States

Cambridge is a provider of home healthcare to individuals who require assistance with activities of daily living or skilled nursing care in the comfort of their own home. It provides home healthcare for individuals referred by physicians, hospitals, managed care organizations and government funded agencies.

Sell $33M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-12 Westcon

Bismarck, North Dakota, United States

Westcon, Inc., is a provides a comprehensive range of construction services to large industrial processing facilities throughout the United States. The company specializes in large-scale construction solutions for a diverse mix of clients.

Sell -