M&A Deal Summary |
|
|---|---|
| Date | 2024-07-28 |
| Target | Salisbury Moore |
| Sector | Construction |
| Buyer(s) |
Progress Equity Partners
Farragut Capital Partners NewSpring Capital Salem Investment Partners |
| Deal Type | Recapitalization |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| Size | Small |
| Type | Sector Agnostic |
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 | 19 of 19 |
| Sector (Construction) | 3 of 3 |
| Type (Recapitalization) | 6 of 6 |
| State (North Carolina) | 1 of 1 |
| Country (United States) | 19 of 19 |
| Year (2024) | 1 of 1 |
| 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 | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2011 |
| PE ASSETS | 1.7B USD |
| Size | Large |
| Type | Sector Agnostic |
Farragut Capital Partners LLC is a private investment firm that provides mezzanine and equity capital to help finance buyouts, generational transfers, growth capital financings, and recapitalizations. The Firm prefers asset-light businesses with unique and defensible market positions, stable business models, and reasonable capital expenditure and working capital needs. Sectors of interest include light and niche manufacturing, business services, distribution & logistics, and media. Farragut's target investment size is $2 to $10 million. Farragut Capital Partners was formed in 2011 and is based in Washington, District of Columbia.
| DEAL STATS | # |
|---|---|
| Overall | 93 of 97 |
| Sector (Construction) | 4 of 4 |
| Type (Recapitalization) | 16 of 16 |
| State (North Carolina) | 4 of 4 |
| Country (United States) | 93 of 97 |
| Year (2024) | 3 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-06-18 |
Blue Ocean Brands
Mountville, Pennsylvania, United States Blue Ocean Brands is an independent rent-to-own retail chain with nineteen locations across Ohio, and Kentucky. Blue Ocean Brands is based in Mountville, Pennsylvania. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-09-26 |
NEMA Enclosures
Houston, Texas, United States NEMA Enclosures is a manufacturer and distributer of custom metal enclosures designed for critical electrical components. NEMA Enclosures was founded in 1987 and is based in Houston, Texas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 3.5B USD |
| Size | Large |
| Type | Sector Agnostic |
NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 196 of 200 |
| Sector (Construction) | 7 of 7 |
| Type (Recapitalization) | 9 of 9 |
| State (North Carolina) | 5 of 5 |
| Country (United States) | 192 of 196 |
| Year (2024) | 5 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-06-26 |
Braner
Schiller Park, Illinois, United States Braner is a specialist in the design and construction of ultra-precision high-performance flat rolled coil processing and automated coil handling systems. Braner’s highly engineered systems process carbon steel, brass, copper, aluminum, stainless and electrical steels, among others, to precise width, length and gauge tolerances. Braner was founded in 1956 and is based in Schiller Park, Illinois. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-10-01 |
Great Harvest Bread Company
Dillon, Montana, United States Great Harvest Bread Company is a franchise fast-casual bakery and café concept with approximately 175 locations across the U.S. Great Harvest Bread Company was founded in 1976 and is based in Dillon, Montana. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 450M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Salem Investment Partners specializes in debt and equity investments in privately-held, middle-market businesses across the Southeast and Mid-Atlantic regions of the US. Salem looks to invest $2 to $10 million per transaction to help support growth, acquisitions, recapitalizations, and buyouts. Sectors of interest include business services, light manufacturing, consumer products, and distribution. Salem Investment Partners was formed in 1999 and is based in Greensboro, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 57 of 58 |
| Sector (Construction) | 2 of 2 |
| Type (Recapitalization) | 5 of 5 |
| State (North Carolina) | 13 of 13 |
| Country (United States) | 57 of 58 |
| Year (2024) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-19 |
PSA Worldwide
Colorado Springs, Colorado, United States PSA Worldwide create awareness for programs which educate on sexual assault prevention, domestic and dating violence prevention, substance abuse prevention, child abuse, bullying, suicide prevention, and overall wellness! PSA Worldwide is based in Colorado Springs, Colorado. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-08-16 |
US Tarp
South Haven, Michigan, United States US Tarp is a designer, manufacturer, and distributor of load containment and cargo protection tarping systems, controls, and tarps for commercial vehicle applications. US Tarp was established in 2001 and is based in South Haven, Michigan. |
Sell | - |
