Buyout (LBO, MBO, MBI) • Automotive

Resilience Capital Partners and Littlejohn Acquire The PendaForm Co.

On August 2, 2007, private equity firms Resilience Capital Partners and Littlejohn acquired automotive company The PendaForm Co.

Acquisition Context
  • This is Resilience Capital Partners’ 4th and Littlejohn’s 3rd transaction in the Automotive sector.
  • This is Resilience Capital Partners’ 10th and Littlejohn’s 14th transaction in the United States.
  • This is Resilience Capital Partners’ 3rd and Littlejohn’s 1st transaction in Wisconsin.
Investment Fate
  • The PendaForm Co. was sold to a strategic buyer in 2016.
  • The PendaForm Co. was sold to a strategic buyer in 2016.

Explore All 499 Buyout (LBO, MBO, MBI) Automotive Deals - Search the Database Free


M&A Deal Summary

Date August 2, 2007
Target The PendaForm Co.
Sector Automotive
Buyer(s) Resilience Capital Partners
Littlejohn
Deal Type Buyout (LBO, MBO, MBI)

Target Company

The PendaForm Co.

Portage, Wisconsin, United States
The PendaForm Co. is a heavy gauge thermoformer in North America supplying automotive, industrial and consumer markets with diversified products including automotive and heavy truck components, pickup truck accessories, custom designed packaging solutions, as well as erosion control, irrigation and large surface containment solution for drilling sites. The PendaForm Co. is based in Portage, Wisconsin.
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Buyers Overview 2

Buyer

Resilience Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 675M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Resilience Capital Partners is a private equity firm focused on investing in lower middle-market underperforming and turnaround situations. Resilience targets non-core divisions or subsidiaries, companies with severe operational issues, businesses suffering from insufficient management focus, and privately held companies with lack of access to capital. Sectors of interest include niche manufacturing, specialty chemicals, and industrial services. Prospective companies are generally located in North America with $25 to $250 million in revenue, and EBITDA typically under $20 million. Resilience Capital Partners was formed in 2001 and is located in Cleveland, Ohio.


Deal Context for Buyer #
Overall 10 of 41
Sector: Automotive 4 of 8
Type: Buyout (LBO, MBO, MBI) 2 of 16
State: Wisconsin 3 of 5
Country: United States 10 of 40
Year: 2007 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-06 Steel Parts Manufacturing Inc

Tipton, Indiana, United States

Steel Parts Manufacturing, Inc. is a manufacturer of components for automotive transmissions and other motion applications. The company manufactures precision components for transmissions in the automotive and heavy-duty markets, along with products for suspension systems, heavy-duty brake programs and steering applications. Headquartered in Tipton, Indiana,

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-01 Lund International

Suwanee, Georgia, United States

Lund International, Inc. is a designer, manufacturer, and marketer of branded automotive accessories for a full assortment of passenger cars, light trucks, and Jeep, as well as the heavy truck category. Lund International, Inc. products include Ventvisors®, hood shields, PowerstepsTM, floor mats, fender flares, tonneau covers, storage boxes, nerf bars and running boards, among others.

Buy -
Buyer

Littlejohn

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 7.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Littlejohn is a private equity firm that makes control investments in mid-sized companies undergoing change; either in capital structure, strategy, operations, or growth. Littlejohn looks to commit $50 to $250 million of equity, mezzanine, or credit capital in companies with annual revenues of $100 to $800 million. Sectors of interest include industrial equipment, packaging, chemicals, automotive and transportation parts and equipment, food and food processing, healthcare, plastics, aerospace/defense, distribution, environmental and infrastructure services, and consumer products. The Firm avoids investing in real estate, fashion, retail, and businesses engaged in high technology. Littlejohn prefers opportunities located in the US, but also considers opportunities in Europe and Canada. Littlejohn was formed in 1996 and is based in Greenwich, Connecticut.


Deal Context for Buyer #
Overall 18 of 66
Sector: Automotive 3 of 4
Type: Buyout (LBO, MBO, MBI) 8 of 14
State: Wisconsin 1 of 1
Country: United States 14 of 62
Year: 2007 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-27 CoActive Technologies

Hong Kong, China

CoActive Technologies, Inc. is a manufacturer of electromechanical switches, interface controls, keypads and dome arrays, for a variety of industries including industrial equipment, mobile communications, computer and automotive.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-21 Synchronous Aerospace Group

Santa Ana, California, United States

Synchronous Aerospace Group, Inc. is a manufacturer of quality precision-machined parts and integrated kits and assemblies to the commercial and defense aerospace and space markets.

Buy -