M&A Deal Summary

Progress Equity Partners, Bush O Donnell Capital Partners, Navigator Partners and Eagle Private Capital Acquire Revere Packaging

On December 12, 2012, private equity firm Progress Equity Partners, Bush O Donnell Capital Partners, private equity firm Navigator Partners and mezzanine finance firm Eagle Private Capital acquired packaging company Revere Packaging

Acquisition Highlights
  • This is Progress Equity Partners’ 1st, Bush O Donnell Capital Partners’ 2nd, Navigator Partners’ 1st and Eagle Private Capital’s 1st transaction in the Packaging sector.
  • This is Progress Equity Partners’ 11th, Bush O Donnell Capital Partners’ 32nd, Navigator Partners’ 11th and Eagle Private Capital’s 45th transaction in the United States.
  • This is Progress Equity Partners’ 1st, Bush O Donnell Capital Partners’ 2nd, Navigator Partners’ 1st and Eagle Private Capital’s 2nd transaction in Kentucky.

M&A Deal Summary
Date 2012-12-12
Target Revere Packaging
Sector Packaging
Buyer(s) Progress Equity Partners
Bush O Donnell Capital Partners
Navigator Partners
Eagle Private Capital
Deal Type Secondary Buyout

Target

Revere Packaging

Shelbyville, Kentucky, United States
Revere Packaging is a niche provider of single-use aluminum and plastic packaging solutions to the food service industry. Revere Packaging was founded in 1801 and is based in Shelbyville, Kentucky.

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Buyer(S) 4

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 11 of 19
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Kentucky) 1 of 1
Country (United States) 11 of 19
Year (2012) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-03 EnAqua Transport

Dallas, Texas, United States

EnAqua Transport LLC provides turnkey solutions for the management of saltwater and other waste which is generated as a byproduct from the development and subsequent operation of oil and gas wells. EnAqua Transport is based in Dallas, Texas.

Buy -
Buyer

Bush O Donnell Capital Partners

St. Louis, Missouri, United States
Category Private Equity Firm
PE ASSETS 250M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Bush O'Donnell Capital Partners (BOCP) is the private equity investment arm of Bush O'Donnell & Co., a firm that also provides investment advisory services. BOCP makes equity and mezzanine investments of $2 to $10 million in lower middle-market businesses with $5 to $100 million in sales. Funds are generally used to support growth initiatives, management buyouts, leveraged buyouts, and recapitalizations. Prospective companies typically have experienced management, stable cash-flows, and operate in a defensible market niche. The Firm will not invest in start-ups or turnarounds. BOCP is based in St. Louis, Missouri.

DEAL STATS #
Overall 32 of 32
Sector (Packaging) 2 of 2
Type (Secondary Buyout) 5 of 5
State (Kentucky) 2 of 2
Country (United States) 32 of 32
Year (2012) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-07 SoftBase Systems

Asheville, North Carolina, United States

SoftBase is a leading provider of application testing and tuning solutions for IBM's DB2® database utilizing the OS/390® and z/OS® operating systems.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-19 Santé Pediatric Services

Frisco, Texas, United States

Santé Pediatric Services is a provider of pediatric rehabilitation services in the state. The Company offers customizable therapy programs for children that include Speech & Language Pathology, Physical Therapy and Occupational Therapy in both clinic and/or home settings.

Sell -
Buyer

Navigator Partners

Summit, New Jersey, United States

Investor Investor Investor

Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Navigator Partners LLC (formerly Navigator Equity Partners LLC) is a private equity firm focused on smaller middle-market company acquisitions and recapitalizations. The Firm is licensed as a SBIC and targets companies with revenues of $10 to $200 million and EBITDA of at least $2 million. Companies of interest include manufacturers and marketers of consumer and healthcare products, providers of consumer and business services, franchisors, healthcare service providers, select industrial products, and media businesses. Navigator will not invest in start-up, early-stage, or turnaround situations. Navigator Equity Partners is based in Summit, New Jersey.

DEAL STATS #
Overall 11 of 16
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 11 of 16
Year (2012) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-01 Crestcom International

Greenwood Village, Colorado, United States

Crestcom International is a provider of management training. Crestcom provides clients with highly relevant and effective training modules that focus on the critical skills necessary for managers to succeed in any industry or geography. Crestcom International was founded in 1987 and is based in Greenwood Village, Colorado.

Buy -
Buyer

Eagle Private Capital

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Eagle Private Capital (EPC) makes private equity and mezzanine investments in middle-market companies. The Firm typically invests $4 to $15 million per investment. EPC looks to partner with management or other private equity investors to provide growth or change of control capital. EPC is based in St. Louis, Missouri.

DEAL STATS #
Overall 45 of 86
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 4 of 8
State (Kentucky) 2 of 2
Country (United States) 45 of 86
Year (2012) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-01 HealthScope Benefits

Little Rock, Arkansas, United States

HealthScope Benefits, Inc. provides managed healthcare products and third-party administrative services to large employer groups with self-funded healthcare plans.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-19 Santé Pediatric Services

Frisco, Texas, United States

Santé Pediatric Services is a provider of pediatric rehabilitation services in the state. The Company offers customizable therapy programs for children that include Speech & Language Pathology, Physical Therapy and Occupational Therapy in both clinic and/or home settings.

Sell -
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