M&A Deal Summary |
|
|---|---|
| Date | 2023-07-10 |
| Target | Consolidated Flooring |
| Sector | Distribution |
| Buyer(s) | Rainier Partners |
| Sellers(s) | Corridor Capital |
| Deal Type | Secondary Buyout |
| Advisor(s) | Croft & Bender LP (Financial) Morgan Lewis (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2020 |
| PE ASSETS | 375M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Rainier Partners is a private equity firm focused on acquiring and investing in lower middle-market service-based companies. Areas of interest include business services, education, marketing, information services, financial services, consumer services, healthcare services, testing, industrial services, and engineering. Rainier Partners will consider businesses throughout North America with a preference for companies in the Western US and Canada. Prospective transaction situations include buyouts, divestitures, and turnarounds. Rainier Partners was formed in 2020 and is based in Seattle, Washington.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 6 |
| Sector (Distribution) | 1 of 2 |
| Type (Secondary Buyout) | 1 of 2 |
| State (Michigan) | 1 of 2 |
| Country (United States) | 4 of 6 |
| Year (2023) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-08 |
Pet Food Express
Oakland, California, United States Pet Food Express is an independent pet retailer, dedicated to helping pets live longer, healthier lives. Pet Food Express is based in Oakland, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-11 |
SCI Floor Covering
Romulus, Michigan, United States SCI Floor Covering is a distributor and installer of floor covering products for the repair, maintenance, and restoration of commercial, healthcare, multi-family and insured residential properties in Michigan. SCI Floor Covering was founded in 1980 and is based in Romulus, Michigan. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| Size | Small |
| Type | Sector Agnostic |
Corridor Capital is a private equity firm focused on acquiring lower middle-market companies in the specialty manufacturing, business services, healthcare services, technology services, and financial services sectors. Target companies are typically profitable ($2 to $8 million of EBITDA) and exhibit strong industry positions, identifiable growth possibilities, and stable/diverse customers. Corridor Capital was established in 2005 and is headquartered in Los Angeles, California.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 11 |
| Sector (Distribution) | 1 of 1 |
| Type (Secondary Buyout) | 3 of 3 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 9 of 10 |
| Year (2023) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-02-02 |
Circuitronics
Farmers Branch, Texas, United States Circuitronics is a provider of a specialized printed circuit board assembly and related electronic manufacturing services. Circuitronics was founded in 1971 and is based in Farmers Branch, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-28 |
SPM
La Grange, Illinois, United States SPM is a brand consultancy and integrated marketing communications firm that specializes in the healthcare industry. SPM was founded in 1983 and is based in La Grange, Illinois. |
Sell | - |
