M&A Deal Summary

Revolution Capital Group Acquires Contec

On November 10, 2022, private equity firm Revolution Capital Group acquired transportation company Contec from Garrison Investment Group

Acquisition Highlights
  • This is Revolution Capital Group’s 1st transaction in the Transportation sector.
  • This is Revolution Capital Group’s 6th transaction in the United States.
  • This is Revolution Capital Group’s 2nd transaction in New York.

M&A Deal Summary
Date 2022-11-10
Target Contec
Sector Transportation
Buyer(s) Revolution Capital Group
Sellers(s) Garrison Investment Group
Deal Type Secondary Buyout
Advisor(s) Republic Partners LLC (Financial)
Taylor English Duma (Legal)

Target

Contec

Schenectady, New York, United States
Contec is a provider of both forward and reverse logistics along with testing, repair and refurbishment services on a variety of electronic equipment and technology products on behalf of its customer base. Contec was founded in 1978 and is based in Schenectady, New York.

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Buyer(S) 1

Buyer

Revolution Capital Group

Beverly Hills, California, United States

Investor Investor

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Revolution Capital Group is a private investment firm primarily focused on acquiring non-core/non-strategic divestitures from larger, public corporations throughout North America and Europe. The Firm looks for situations where it can leverage it's operational expertise in improving performance. Sectors of interest include media, manufacturing, technology, business services, transportation, industrials, healthcare, consumer products, distribution, and food/beverage. Revolution Capital was formed in 2009 and has offices in Boston and Los Angeles.

DEAL STATS #
Overall 7 of 7
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 1 of 1
State (New York) 2 of 2
Country (United States) 6 of 6
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-25 Maysteel Industries

Allenton, Wisconsin, United States

Maysteel Industries specializes in designing, engineering, and manufacturing custom, precision, OEM sheet metal enclosures, electrical cabinets, and metal fabricated assemblies. The company's product solutions are widely used in the alternative energy, kiosk, gaming, security, medical, utility, industrial drive and automation, and self-serve/vending machine industries and are also found in a variety of other applications. Maysteel Industries was founded in 1936 and is based in Allenton, Wisconsin.

Sell -

Seller(S) 1

SELLER

Garrison Investment Group

New York, New York, United States
Category Asset Manager
Founded 2007
Size Large
Type Sector Agnostic
DESCRIPTION

Garrison Investment Group is a middle-market investor and lender. Garrison consists of Corporate Finance, Financial Assets, Private Equity, and Real Estate. The Group's private equity practice makes control and non-control investments in mid-sized North American companies with $20 to $500 million in revenues. Target sectors include manufacturing, business services, retail, transportation, distribution, communications, and media. Garrison is based in New York City.

DEAL STATS #
Overall 3 of 3
Sector (Transportation) 2 of 2
Type (Secondary Buyout) 3 of 3
State (New York) 1 of 1
Country (United States) 3 of 3
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-26 Foundation Finance

Schofield, Wisconsin, United States

Foundation Finance specializes in point-of-sale home improvement financing programs across the credit spectrum, including revolving lines of credit, installment contracts and promotional financing. Foundation Finance was founded in 2012 and is based in Schofield, Wisconsin.

Sell -
Mergr

Product

Company

Legal