Investment Summary

Promus Equity Partners and The Firmament Group Invest In Total Seal

On June 18, 2019, private equity firm Promus Equity Partners and family office The Firmament Group invested in automotive company Total Seal

Investment Highlights
  • This is Promus Equity Partners’ 3rd and The Firmament Group’s 1st transaction in the Automotive sector.
  • This is Promus Equity Partners’ 20th and The Firmament Group’s 7th transaction in the United States.
  • This is Promus Equity Partners’ 1st and The Firmament Group’s 1st transaction in Arizona.

Investment Summary

Date 2019-06-18
Target Total Seal
Sector Automotive
Investor(s) Promus Equity Partners
The Firmament Group
Deal Type Growth Capital

Target

Total Seal

Phoenix, Arizona, United States
Total Seal is a developer and manufacturer of performance piston rings and accessories for the automotive aftermarket and the broader industrial sector. Total Seal was founded in 1967 and is based in Phoenix, Arizona.

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Investor(S) 2

Investor

Promus Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Promus Equity Partners is a private investment firm affiliated with Promus Holdings, a multi-family office. Promus looks to fund buyouts, management buyouts, and recapitalizations as well as growth equity financings and strategic add-ons for existing portfolio companies. Sectors of interest include consumer products, food, beverages, industrial products, specialty materials, distribution, and business services. Target platform companies generally have up to $15 million of EBITDA. Promus Equity Partners was founded in 2011 and is based in Chicago, Illinois.


DEAL STATS #
Overall 21 of 27
Sector: Automotive M&A 3 of 3
Type: Growth Capital M&A Deals 7 of 8
State: Arizona M&A 1 of 1
Country: United States M&A 20 of 26
Year: 2019 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-04 PMA Financial Network

Naperville, Illinois, United States

PMA Financial Network is a provider of cash and fixed income investment management services, administration, distribution, advisory, financial planning (asset/liability management), and broker-dealer services, for public finance entities and local government investment pools (LGIPs). PMA Financial Network was founded in 1984 and is headquartered in Naperville, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-13 Whisker

Auburn Hills, Michigan, United States

Whisker is a technology consumer products company dedicated to designing, engineering, manufacturing, and marketing highly functional and easy-to-use pet products through its direct-to-consumer e-commerce platform. Whisker was founded in 1999 and is based in Auburn Hills, Michigan.

Buy -
DESCRIPTION

The Firmament Group is a family backed investment firm focused on providing equity and debt capital to small and medium-sized companies. Funds are generally used to finance leveraged buyouts, complete recapitalizations or restructurings, provide liquidity for organic growth, or finance add-on acquisitions. The Firmament Group was established in 2012 and is headquartered in New York City.


DEAL STATS #
Overall 7 of 16
Sector: Automotive M&A 1 of 1
Type: Growth Capital M&A Deals 3 of 8
State: Arizona M&A 1 of 1
Country: United States M&A 7 of 16
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-09 Fortbrand Services

Plainview, New York, United States

Fortbrand Services is a provider of maintenance and support equipment for the global aviation industry. Fortbrand’s Ground Support Equipment business provides sales, leasing, and short-term rentals of mission-critical ground support equipment to airlines, ground handling companies, and fixed base operators. The Company’s Airfield Maintenance Equipment business distributes and leases snow removal and maintenance equipment to airports. Fortbrand Services was founded in 1983 and is based in Plainview, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-28 Destination Pet

Highlands Ranch, Colorado, United States

Destination Pet is a provider of broad array of pet care services. Destination Pet is focused on the acquisition and buildout of top-quality pet facilities to provide pet owners with superior care by utilizing a one-stop location that includes boarding, daycare, grooming, training, and veterinary services. Destination Pet was founded in 2016 and is based in Highlands Ranch, Colorado.

Sell -