M&A Deal Summary

RFE Investment Partners and Cornerstone Capital Partners Acquire Global IFS

On May 2, 2012, private equity firms RFE Investment Partners and Cornerstone Capital Partners acquired building materials company Global IFS

Acquisition Highlights
  • This is RFE Investment Partners’ 1st and Cornerstone Capital Partners’ 1st transaction in the Building Materials sector.
  • This is RFE Investment Partners’ 14th and Cornerstone Capital Partners’ 1st transaction in the United States.
  • This is RFE Investment Partners’ 1st and Cornerstone Capital Partners’ 1st transaction in Michigan.

M&A Deal Summary

Date 2012-05-02
Target Global IFS
Sector Building Materials
Buyer(s) RFE Investment Partners
Cornerstone Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Global IFS

Kentwood, Michigan, United States
Global IFS manufacturers, installs and distributes raised access flooring and underfloor air distribution systems in the Canada and U.S. markets. Global IFS is based in Kentwood, Michigan.

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Buyer(S) 2

Buyer

RFE Investment Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1979
Size Large
Type Sector Agnostic
DESCRIPTION

RFE Investment Partners is a private equity firm focused on investing in lower middle-market service, manufacturing and healthcare service businesses. Prospective companies are generally profitable with annual cash-flow of at least $5 million. Target businesses also have proven management, defensible market positions, and 'a clearly identified and growing market'. RFE looks to commit $10 to $35 million of equity capital per transaction to support acquisitions, management led buyouts, and recapitalizations. RFE is licensed as a SBIC and was formed in 1979. RFE Investment Partners is based in New Canaan, Connecticut.


DEAL STATS #
Overall 14 of 29
Sector (Building Materials) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 9 of 12
State (Michigan) 1 of 2
Country (United States) 14 of 28
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-20 PureRED

Stone Mountain, Georgia, United States

PureRED Integrated Marketing is an advertising agency that designs and executes integrated retail marketing programs including pre-media advertising execution, digital creative/design, digital asset management services, photographic services, and interactive services for national retailers. PureRED was founded in 1967 and is based in Stone Mountain, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-10 JSI Store Fixtures

Milo, Maine, United States

JSI Store Fixtures is a designer and manufacturer of high-quality refrigerated and non-refrigerated wood merchandising displays for the supermarket industry. JSI Store Fixtures was first to market with a patented line of closed-cell foam merchandising surfaces for produce. JSI Store Fixtures’ merchandising displays are used by many of North America’s top supermarkets, grocery, and food retail chains. JSI was founded in 1991 and is based in Milo, Maine.

Buy -
DESCRIPTION

Cornerstone Capital Partners, Inc. is a private investment firm specializing in acquiring North American niche industrial, manufacturing, distribution or service businesses with sustainable competitive advantages and identified growth opportunities. Target companies are generally profitable (> $3 million of EBITDA) with $10 to $150 million of annual revenue. The Firm has a preference for businesses with strong management, ability to improve operations, and leading their respective markets. Cornerstone Capital Partners, Inc. was established in 1990 and is headquartered in New York City.


DEAL STATS #
Overall 1 of 4
Sector (Building Materials) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 1 of 4
State (Michigan) 1 of 1
Country (United States) 1 of 4
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-14 Eastern Vault

Princeton, West Virginia, United States

Eastern Vault is a manufacturer of concrete products, supplying the infrastructure and construction markets in North Carolina, West Virginia, and Virginia. Eastern Vault was founded in 1970 and is based in Princeton, West Virginia.

Buy -