M&A Deal Summary

Prospect Partners Acquires Cyclonaire

On January 8, 2014, private equity firm Prospect Partners acquired machinery company Cyclonaire

Acquisition Highlights
  • This is Prospect Partners’ 2nd transaction in the Machinery sector.
  • This is Prospect Partners’ 43rd transaction in the United States.
  • This is Prospect Partners’ 1st transaction in Nebraska.

M&A Deal Summary
Date 2014-01-08
Target Cyclonaire
Sector Machinery
Buyer(s) Prospect Partners
Deal Type Recapitalization

Target

Cyclonaire

York, Nebraska, United States
Cyclonaire is a provider of material handling equipment, specializing in pneumatic conveying technology. Cyclonaire offers custom-engineered and manufactured pneumatic conveying systems for the transfer of dry bulk materials. Cyclonaire was established in 1973 and is based in York, Nebraska.

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Buyer(S) 1

Buyer

Prospect Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 470M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prospect Partners, LLC is a lower middle-market private equity firm that focuses on management buyouts and recapitalization of small companies. Prospect looks to invest $2 to $30 million of equity capital in companies with revenues of $15 to $100 million and EBITDA up to $10 million. The Firm targets opportunities in a variety of sectors spanning many sub-sectors of manufacturing, specialty distribution, and service. Transactions of interest include leverage recapitalizations, industry consolidations, corporate orphans, generational sales, under-managed companies, and backing independent equity sponsors. Prospect Partners was formed in 1998 and is based in Chicago, Illinois.

DEAL STATS #
Overall 43 of 57
Sector (Machinery) 2 of 3
Type (Recapitalization) 14 of 22
State (Nebraska) 1 of 1
Country (United States) 43 of 57
Year (2014) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-30 Sportdecals

Spring Grove, Illinois, United States

Sportdecals, Inc. is a designer and embellisher of customized uniforms, spirt wear, and decals for the K-12 school sports market. The company provides in-house design, screen printing, and embroidery services for sports apparel products such as team uniforms, practice jerseys, performance wear, and spirit wear. Sportdecals was established in 1972 and is based in Spring Grove, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-29 Owen Equipment

Portland, Oregon, United States

Owen Equipment is a provider of specialty equipment platforms providing critical infrastructure solutions to municipal, utility, and commercial customers throughout the western United States. Owen serves as a dealer of new and pre-owned equipment, provides related parts and maintenance services, and maintains a large fleet of rental equipment used for sewer maintenance, hydro/vacuum excavation, street cleaning, and waste management applications. Owen Equipment was founded in 1958 and is based in Portland, Oregon.

Buy -
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