M&A Deal Summary

Pure Archery Group Acquires Excalibur Crossbow

On January 8, 2014, Pure Archery Group acquired aerospace company Excalibur Crossbow from Mangrove Equity Partners

Acquisition Highlights
  • This is Pure Archery Group’s 1st transaction in the Aerospace sector.
  • This is Pure Archery Group’s 1st transaction in Canada.
  • This is Pure Archery Group’s 1st transaction in Ontario.

M&A Deal Summary
Date 2014-01-08
Target Excalibur Crossbow
Sector Aerospace
Buyer(s) Pure Archery Group
Sellers(s) Mangrove Equity Partners
Deal Type Add-on Acquisition

Target

Excalibur Crossbow

Kitchener, Ontario, Canada
Excalibur Crossbows, Inc. is a manufacturer and marketer of crossbows.

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Buyer(S) 1

Buyer

Pure Archery Group

Eugene, Oregon, United States
Category Company
Founded 1999
Sector Consumer Products
DESCRIPTION

Pure Archery Group is a designer and manufacturer of premium archery equipment focused on performance-driven, and durable archery products. Pure Archery Group was founded in 1999 and is based in Eugene, Oregon.

DEAL STATS #
Overall 2 of 2
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-03 HealthTech

Houston, Texas, United States

HealthTech LLC is a provider of professional information technology services and solutions for healthcare, construction, general business, technology, education, and professional services industries in Canada, Mexico, and the East Coast and West Coast.

Buy -

Seller(S) 1

SELLER

Mangrove Equity Partners

Tampa, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Mangrove Equity Partners is a lower-middle market private equity firm focused on investing in North American businesses valued from $15 to $75 million. Mangrove generally targets companies operating in basic industries with defensible market positions and solid growth prospects. Sectors of interest include services, manufacturing, and value-added distribution. Prospective businesses typically have revenues up to $100 million and are profitable with at least $2 million of cash-flow. Target transaction types include management buyouts/buy-ins, recapitalizations, industry, consolidations, family successions, and select turnarounds. Mangrove Equity Partners is based in Tampa, Florida.

DEAL STATS #
Overall 3 of 12
Sector (Aerospace) 1 of 2
Type (Add-on Acquisition) 3 of 10
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2014) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-28 Tioga

Brooklyn Center, Minnesota, United States

Tioga designs, manufacture, sale, and rental temporary heaters for energy, mining, oil and gas, commercial construction, and industrial markets. Tioga was founded in 1961 and is based in Brooklyn Center, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 APR

Opelika, Alabama, United States

APR is an automotive engineering company. APR is a producer of software and hardware systems to boost the performance of Volkswagen Auto Group (VAG) cars. APR makes performance products for Audi, Volkswagen, SEAT, Skoda, and Porsche, and enjoys a loyal enthusiastic following due to their leadership in product innovation, customer service, and outstanding product performance. APR was founded in 1997 and is based in Opelika, Alabama.

Buy -
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