M&A Deal Summary

Riata Capital Group Acquires USA Discounters

On February 17, 2014, private equity firm Riata Capital Group acquired retailer USA Discounters from Parallel Investment Partners

Acquisition Highlights
  • This is Riata Capital Group’s 1st transaction in the Retail sector.
  • This is Riata Capital Group’s 1st transaction in the United States.
  • This is Riata Capital Group’s 1st transaction in Virginia.

M&A Deal Summary

Date 2014-02-17
Target USA Discounters
Sector Retail
Buyer(s) Riata Capital Group
Sellers(s) Parallel Investment Partners
Deal Type Recapitalization

Target

USA Discounters

Virginia Beach, Virginia, United States
USA Discounters is a national retailer focused on providing basic home products and consumer credit to U.S. military and civil service personnel. USA Discounters offers moderately priced furniture, consumer electronics, selected automotive aftermarket parts and related financing services through 11 units in 6 market areas and its website, usadiscounters.net. USA Discounters was formed in 1991 and is based in Virginia Beach.

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Buyer(S) 1

DESCRIPTION

Riata Capital Group is a private equity firm focused on control and non-control investments in profitable middle-market companies headquartered throughout North America. Riata looks to invest $25 to $150 million in companies valued up to $300 million. Sectors of interest include consumer products/services, business services, energy, and healthcare. Prospective transaction situations include recapitalizations, buyouts, divestitures, growth capital investments, and consolidations. Riata Capital Group was formed in 2015 and is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 9
Sector: Retail M&A 1 of 2
Type: Recapitalization M&A Deals 1 of 2
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 9
Year: 2014 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-17 WSS

Gardena, California, United States

Warehouse Shoe Sale (WSS) is a specialty retailer of athletic, fashion, and work-related footwear, apparel, and accessories. Warehouse Shoe Sale offers a full assortment of the leading athletic footwear brands (including Nike, Jordan, Vans, Converse, Adidas, Skechers, Fila, and Reebok) and private footwear offerings in fashion for women and workwear for men. Warehouse Shoe Sale was founded in 1984 and is based in Gardena, California.

Buy -

Seller(S) 1

SELLER

Parallel Investment Partners

Dallas, Texas, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Parallel Investment Partners is a private equity firm focused on acquiring North American middle market companies. Parallel looks for companies generating at least $10 million in revenue and valued between $10 and $100 million. Sectors of interest include business services, financial services, energy exploration, energy services, healthcare services, medical products, restaurants, retail, education, engineered products, and light manufacturing. Prospective transaction situations include recapitalizations, growth capital financings, buyouts, and divestitures. Parallel Investment Partners was formed in 1999 and is based in Dallas Texas.


DEAL STATS #
Overall 18 of 19
Sector: Retail M&A 8 of 8
Type: Recapitalization M&A Deals 3 of 3
State: Virginia M&A 2 of 2
Country: United States M&A 18 of 19
Year: 2014 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-23 Teavana

Atlanta, Georgia, United States

Teavana is a specialty retailer offering a broad selection of specialty and flavored loose-leaf teas and tea-related merchandise through its mall-based stores.

Sell $620M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Accelerated

The Woodlands, Texas, United States

Accelerated is an integrated product and service supplier for the oil and gas industry worldwide. Accelerated provides comprehensive hydraulic lift solutions, a broad range of pump systems, an array of critical process equipment and systems, and a number of professional design, engineering and support services to meet industry needs.

Sell $430M