M&A Deal Summary

TRP Capital Partners and Ridgemont Equity Partners Acquire National Powersport Auctions

On August 29, 2006, private equity firms TRP Capital Partners and Ridgemont Equity Partners acquired automotive company National Powersport Auctions from Falconhead Capital

Acquisition Highlights
  • This is TRP Capital Partners’ 1st and Ridgemont Equity Partners’ 2nd transaction in the Automotive sector.
  • This is TRP Capital Partners’ 7th and Ridgemont Equity Partners’ 53rd transaction in the United States.
  • This is TRP Capital Partners’ 1st and Ridgemont Equity Partners’ 4th transaction in California.

M&A Deal Summary

Date 2006-08-29
Target National Powersport Auctions
Sector Automotive
Buyer(s) TRP Capital Partners
Ridgemont Equity Partners
Sellers(s) Falconhead Capital
Deal Type Secondary Buyout

Target

National Powersport Auctions

Poway, California, United States
National Powersport Auctions (NPA) is a provider of powersport vehicle remarketing services. NPA’s nationwide footprint serves the industry’s largest financial institutions, OEMs and dealers through a multitude of live and online selling platforms. NPA also offers comprehensive data services including NPA Value Guide™, the industry’s most accurate wholesale valuation tool. National Powersport Auctions was established in 1990 and is based in Poway, California.

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Buyer(S) 2

Buyer

TRP Capital Partners

Birmingham, Michigan, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

TRP Capital Partners is a private investment firm focused on opportunities within the transportation industry. Specific areas of interest include auto dealerships, education/training, outsourced services, niche manufacturing, environmental, and distribution/logistics. The Firm prefers to control situations and targets companies valued from $25 to $250 million. TRP Capital Partners was formed in 1997 and is based in Birmingham, Michigan.


DEAL STATS #
Overall 7 of 19
Sector: Automotive M&A 1 of 4
Type: Secondary Buyout M&A Deals 2 of 6
State: California M&A 1 of 1
Country: United States M&A 7 of 18
Year: 2006 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-24 Smith System

Arlington, Texas, United States

Smith System is a provider of accident avoidance driver training for vehicle fleets. Smith’s customers, many of whom are Fortune 500 companies, represent diverse end markets from logistics to pharmaceuticals. Smith System was formed in 1952 and is based in Arlington, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-11 Terion

Plano, Texas, United States

Terion, Inc. provides wireless location software for tracking and monitoring mobile and remote assets. Terion was formed in 1994 and is based in Plano, Texas.

Sell -
Buyer

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 61 of 136
Sector: Automotive M&A 2 of 4
Type: Secondary Buyout M&A Deals 7 of 25
State: California M&A 4 of 11
Country: United States M&A 53 of 121
Year: 2006 M&A 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 Paroc Group Oy AB

Helsinki, Finland

Paroc Group Oy AB is a mineral wool insulation manufacturers in Europe. The company develops, manufactures and distributes stone wool products for use by the building industry and other industrial applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-16 Hertz

Estero, Florida, United States

Hertz operates car rental businesses through the Hertz, Dollar, Thrifty and Firefly brands. Hertz Global operates through corporate and franchisee locations and services the North American, European, Latin and South American, Asian, Australian, African, and Middle Eastern markets. In addition to its car rental business, Hertz provides fleet leasing and management services through its Donlen subsidiary. Hertz was originally established in 1918 and is based in Estero, Florida.

Sell -

Seller(S) 1

SELLER

Falconhead Capital

New York, New York, United States

Category Private Equity Firm
Founded 1998
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Falconhead Capital is a private equity firm focused on making control investments in lower middle-market companies in the consumer, leisure/lifestyle and media sectors that benefit from the growing number of consumers with a higher standard of living. Falconhead seeks to invest $10 to $100 million per transaction and in conjunction with co-investors can invest up to $100 million. Prospective businesses should have revenues of $20 to $150 million and $5 to $30 million of EBITDA. Falconhead Capital was formed in 1998 and is based in New York City.


DEAL STATS #
Overall 4 of 11
Sector: Automotive M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 6
State: California M&A 1 of 3
Country: United States M&A 3 of 9
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-23 Mom365

Maryland Heights, Missouri, United States

Mom365 is a provider of professional in-hospital newborn photography services in United States. Mom365 was founded in 1947 and is based in Maryland Heights, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Competitor Group

San Diego, California, United States

Competitor Group is a media and event entertainment company serving the Endurance sports industry including running, cycling and triathlons. Competitor Group, Inc. was founded in 2007 and is based in San Diego, California.

Buy -