M&A Deal Summary

Red Top Capital Acquires Allis Tool & Machine

On March 6, 1997, private equity firm Red Top Capital acquired machinery company Allis Tool & Machine

Acquisition Highlights
  • This is Red Top Capital’s 1st transaction in the Machinery sector.
  • This is Red Top Capital’s 2nd transaction in the United States.
  • This is Red Top Capital’s 2nd transaction in Wisconsin.

M&A Deal Summary
Date 1997-03-06
Target Allis Tool & Machine
Sector Machinery
Buyer(s) Red Top Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Allis Tool & Machine

Milwaukee, Wisconsin, United States
Allis Tool & Machine is a provider of custom machining services for prototyping and small volume production of components. Allis Tool & Machine performs high precision machining, up to 26,000 LBS. Allis Tool & Machine was founded in 1953 and is based in Milwaukee, Wisconsin.

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Buyer(S) 1

Buyer

Red Top Capital

Delafield, Wisconsin, United States
Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Red Top Capital LLC is a private investment firm focused on management buyouts of established manufacturing businesses (consumer products, food, furniture, industrial products, equipment, textile, apparel) where the firm looks to acquire a controlling interest. Red Top generally pursues companies with sales of $5 to $50 million and at least earnings of $0.5 to $1 million. Total transaction values range from $5 to $30 million. Red Top Capital makes equity investments with personal capital, rather than with funds from a limited partnership with institutional investors. Red Top Capital was formed in 1993 and is based in Hartland, Wisconsin.

DEAL STATS #
Overall 2 of 8
Sector (Machinery) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 8
State (Wisconsin) 2 of 4
Country (United States) 2 of 8
Year (1997) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 Batteries Plus

Hartland, Wisconsin, United States

Batteries Plus is a franchisor and omnichannel retailer of batteries, light bulbs, and device repair services for both the direct-to-consumer and commercial channels. Batteries Plus Bulbs' comprehensive product offering serves a wide variety of applications including automotive, marine, power sports, lawn, and garden equipment, consumer electronics, security systems, and connected home applications. This selection is complemented by extensive category expertise and value-added services including diagnostics, installation, and recycling. Batteries Plus was founded in 1988 and is based in Hartland, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-09-05 Jubilee Embroidery

Lugoff, South Carolina, United States

Jubilee Embroidery is a specialty embroidery contractor engaged in the production of embroidery and appliqué products which are used in home furnishings, children's apparel, sports logo merchandise, and various other applications. Its customers include West Point Stevens, Springs Industries, Nike, Adidas, Umbro, Champion Products, Health-Tex, Inc., Polo, and many others. Jubilee Embroidery is based in Lugoff, South Carolina.

Buy -
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