M&A Deal Summary

Prospect Partners and Aldine Capital Partners Acquire QMI Security Solutions

On June 20, 2017, private equity firm Prospect Partners and mezzanine finance firm Aldine Capital Partners acquired safety/security company QMI Security Solutions

Acquisition Highlights
  • This is Prospect Partners’ 2nd and Aldine Capital Partners’ 1st transaction in the Safety/Security sector.
  • This is Prospect Partners’ 49th and Aldine Capital Partners’ 34th transaction in the United States.
  • This is Prospect Partners’ 7th and Aldine Capital Partners’ 8th transaction in Illinois.

M&A Deal Summary
Date 2017-06-20
Target QMI Security Solutions
Sector Safety/Security
Buyer(s) Prospect Partners
Aldine Capital Partners
Deal Type Recapitalization

Target

QMI Security Solutions

Itasca, Illinois, United States
QMI Security Solutions is a manufacturer of physical security and protection products for commercial and residential applications, offering stylish, high-quality barriers that deter retail break-ins, prevent theft, and protect against storms. QMI provides security protection for both exterior and interior spaces in addition to repairs and replacements. QMI Security Solutions was founded in 1986 and is based in Itasca, Illinois.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

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 49 of 57
Sector (Safety/Security) 2 of 3
Type (Recapitalization) 18 of 22
State (Illinois) 7 of 7
Country (United States) 49 of 57
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-04 Kronos Foods

Glendale Heights, Illinois, United States

Kronos Foods is a manufacturer of gyros meat, pita bread, baklava, and other Mediterranean foods and a specialty foodservice distributor to local retail outlets as well as to restaurants, hospitals, businesses, schools, and universities. Kronos Foods was founded in 1975 and is based in Glendale Heights, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-05 Summit Companies

Mendota Heights, Minnesota, United States

Summit Companies is a provider of fire and life safety service and installation company. Summit's end-to-end capabilities include inspection, testing and monitoring, service and repair, installation, and consulting services for fire protection, life safety, and security systems. Summit Companies was established in 1999 and is based in Mendota Heights, Minnesota.

Sell -
Buyer

Aldine Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Aldine Capital Partners is a mezzanine investment firm that provides mezzanine and junior capital financing to lower middle-market companies generating sales of at least $10 million and at least $2 million in EBITDA. Aldine invests in the range of $4 to $25 million per transaction. Types of transactions include management buyouts, acquisition financings, shareholder liquidity events, recapitalizations, and growth financings of smaller middle-market companies. Aldine will consider investments across the United States, but has a primary focus on opportunities in the Midwest. The Firm will not consider investments in start-ups, turnarounds, real estate, insurance, banking, and oil/gas. Aldine Capital was formed in 2005 and is based in Chicago, Illinois.

DEAL STATS #
Overall 34 of 70
Sector (Safety/Security) 1 of 1
Type (Recapitalization) 11 of 13
State (Illinois) 8 of 11
Country (United States) 34 of 70
Year (2017) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-30 K&H Pet Products

Colorado Springs, Colorado, United States

K&H Manufacturing LLC is a producer of premium pet supplies and the largest marketer of heated pet products in the country. K&H sells branded pet products under the K&H and K&H Pets brands. K&H produces innovative pet products that span several categories, including dog and cat, small animal, and farm and ranch. K&H Manufacturing was founded in 1998 and is based in Colorado Springs, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-03 Network Distributors

San Jose, California, United States

Network Distributors is a distributor of critical communications networking components. Network Distributors stocks a variety of optical transceivers, which are components of networking systems such as switches and routers, manufactured by companies such as Cisco, Juniper, Brocade, 3Com, and HP. Network Distributors was founded in 1999 and is based in San Jose, California.

Buy -
Mergr

Product

Company

Legal