M&A Deal Summary |
|
|---|---|
| Date | 2013-05-01 |
| Target | Hastings Manufacturing |
| Sector | Automotive |
| Buyer(s) | RFE Investment Partners |
| Sellers(s) |
The Anderson Group
Convergent Capital Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Piper Sandler & Co. (Financial) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1979 |
| Size | Large |
| Type | Sector Agnostic |
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 | 16 of 29 |
| Sector (Automotive) | 1 of 1 |
| Type (Secondary Buyout) | 4 of 5 |
| State (Michigan) | 2 of 2 |
| Country (United States) | 16 of 28 |
| Year (2013) | 2 of 2 |
| 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 | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-11-18 |
DelStar Technologies
Middletown, Delaware, United States DelStar Technologies is a manufacturer of thermoplastic nets, nonwovens, laminates, and extruded components used in filtration, automotive, healthcare, industrial, food, electronics and textile markets.We combine extensive extrusion operations, proprietary processing techniques, unparalleled expertise and flexible customization services to produce a wide range of products that meet both our customers' needs and their market demands. |
Sell | $232M |
The Anderson Group is a private equity firm focused on acquiring US-based companies at the lower end of the middle-market. While Anderson will consider divestitures, generational sales, cash flow transactions, and leveraged recapitalizations, the Firm prefers investing in distressed businesses needing operational improvement. Target companies should have at least $10 million in revenue and $1 million in EBITDA (no minimum EBITDA in restructuring situations). Anderson is a generalist investor, however, the Firm avoids technology, natural resources or retail businesses. The Anderson Group was formed in 1985 and is based in St. Petersburg, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 12 |
| Sector (Automotive) | 1 of 1 |
| Type (Secondary Buyout) | 1 of 5 |
| State (Michigan) | 1 of 2 |
| Country (United States) | 3 of 12 |
| Year (2013) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-09-01 |
Cole Kepro International
North Las Vegas, Nevada, United States Cole Kepro International is a designer and manufacturer of turnkey cabinets, such as video and slot machines, for the electronic gaming industry. Cole Kepro International leverages its reputation for product quality and innovative concepts & designs to meet global demand for premium gaming cabinets. Cole Kepro International was founded in 1993 and is based in North Las Vegas, Nevada. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-07-01 |
Valley International Cold Storage
Harlingen, Texas, United States Valley International Cold Storage is a cold storage, packaging, and logistics service provider operating in the food industry. Valley International Cold Storage was founded in 1994 and is based in Harlingen, Texas. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 400M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Convergent Capital is a private investment firm that provides growth and debenture financing to late-stage growth companies. Convergent prefers to commit $3 to $12 million per transaction in businesses with at least $10 million in revenues. Convergent is a generalist investor and will consider businesses in a wide range of industries. Investment funds are typically used to assist growth, but the firm can also structure investments around buyouts, recapitalizations, consolidations, and add-on acquisitions. Convergent is licensed as a SBIC. Convergent Capital was formed in 1999 and is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 26 of 42 |
| Sector (Automotive) | 1 of 2 |
| Type (Secondary Buyout) | 5 of 8 |
| State (Michigan) | 1 of 2 |
| Country (United States) | 26 of 42 |
| Year (2013) | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-03-01 |
Multiband
Minnetonka, Minnesota, United States Multiband Corporation is a provider of software and integrated billing services including video, voice, data and other value-added local services to multiple dwelling units (MDU's). |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-01 |
Stella & Chewy s
Oak Creek, Wisconsin, United States Stella & Chewy's is a provider of all-natural freeze-dried and frozen raw food for dogs and cats. Stella & Chewy's was founded in 2003 and is based in Oak Creek, Wisconsin. |
Buy | - |
