M&A Deal Summary

Main Street Capital and Riker Capital Acquire Garreco

On July 17, 2013, private equity firms Main Street Capital and Riker Capital acquired medical products company Garreco

Acquisition Highlights
  • This is Main Street Capital’s 1st and Riker Capital’s 1st transaction in the Medical Products sector.
  • This is Main Street Capital’s 64th and Riker Capital’s 1st transaction in the United States.
  • This is Main Street Capital’s 1st and Riker Capital’s 1st transaction in Arkansas.

M&A Deal Summary

Date 2013-07-17
Target Garreco
Sector Medical Products
Buyer(s) Main Street Capital
Riker Capital
Deal Type Recapitalization

Target

Garreco

Heber Springs, Arkansas, United States
Garreco is a manufacturer and supplier of consumable products used to create dentures, crowns, and bridges in dental laboratories and clinics. The company is a manufacturer of specialized gypsum products used to create the plaster models and casts necessary to customize dentures, crowns, and bridges for a patient’s mouth. Garreco was founded in 1988 and is based in Heber Springs, Arkansas.

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Buyer(S) 2

Buyer

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 8.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Main Street Capital is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $125 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital was formed in 1997 and is based in Houston, Texas.


DEAL STATS #
Overall 64 of 146
Sector: Medical Products M&A 1 of 4
Type: Recapitalization M&A Deals 16 of 63
State: Arkansas M&A 1 of 1
Country: United States M&A 64 of 146
Year: 2013 M&A 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-03 Impact Telecom

Greenwood Village, Colorado, United States

Impact Telecom is a provider of commercial tele­communications services by delivering flexible and effective solu­tions to the marketplace. The company targets engage in complementary commercial telecommunications activities and operate a retail telecommunications business. Impact Telecom was formed in 2005 and is based in Greenwood Village, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-06 American Shooting Centers

Houston, Texas, United States

American Shooting Centers is an 563-acre shooting complex operator. The company's complex consists of rifle and pistol shooting lanes, a trap and skeet facility and sporting clays fields. American Shooting Centers was formed in 1989 and is based in Houston, Texas.

Buy -
Buyer

Riker Capital

Chicago, Illinois, United States

Category Private Equity Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

Riker Capital is a private equity firm focused on acquiring profitable, small to medium-sized companies across the US and Canada. River looks for businesses with at least $5 million in sales with defensible products/services and leading their market niche. Sectors of interest include manufacturing, foods, consumer products, industrial, business services, and value-added distribution. Target transaction types include buyouts, recapitalizations, growth equity, shareholder liquidity needs, and corporate divestitures. Riker will not invest in financial services, life science, high-tech, insurance, retail, restaurants, software, or start-ups. Riker Capital was formed in 2010 and is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 1
Sector: Medical Products M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 1
State: Arkansas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1