M&A Deal Summary

Rock Gate Partners and True West Capital Partners Acquire Permiter Security Partners

On June 1, 2021, private equity firms Rock Gate Partners and True West Capital Partners acquired safety/security company Permiter Security Partners

Acquisition Highlights
  • This is Rock Gate Partners’ 1st and True West Capital Partners’ 1st transaction in the Safety/Security sector.
  • This is Rock Gate Partners’ 4th and True West Capital Partners’ 14th transaction in the United States.
  • This is Rock Gate Partners’ 1st and True West Capital Partners’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2021-06-01
Target Permiter Security Partners
Sector Safety/Security
Buyer(s) Rock Gate Partners
True West Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Permiter Security Partners

Brentwood, Tennessee, United States
Perimeter Security Partners is a designer, manufacturer, installer and maintenance provider of perimeter security solutions to internationally recognized corporations and governmental institutions. Permiter Security Partners was founded in 2014 and is based in Brentwood, Tennessee.

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Buyer(S) 2

Buyer

Rock Gate Partners

Chicago, Illinois, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Rock Gate Partners is a private equity firm that targets lower middle-market companies located throughout North America. RGP focuses on acquiring companies that design, engineer, manufacturing/source, market and distribute products in a wide range of commercial, consumer, value-added distribution, energy, industrial, healthcare, medical and transportation sectors. RGP typically invests between $3 and $50 million in companies with revenues of $10 to $125 million. The Firm prefers control positions but will consider select minority investments. Broad areas of interest include aerospace/defense, commercial and specialty vehicle, construction and Infrastructure material, consumer products and services, value-added distribution, electronic components, specialty natural, organic foods, specialty furniture, healthcare, health/fitness, hobby & craft, home improvement, general industrial, medical, laboratory and surgical devices, outsourcing services, renewable energy, safety and security, specialty packaging, recreation, athletic/leisure, and test/measurement. Prospective transaction types include leveraged buyouts, corporate divestitures, recapitalizations, industry consolidations, and later stage growth capital financings. Rock Gate Partners was formed in 2006 and is based in Chicago, Illinois.

DEAL STATS #
Overall 4 of 5
Sector (Safety/Security) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Tennessee) 1 of 1
Country (United States) 4 of 5
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-06 Walpar

Birmingham, Alabama, United States

Walpar is a designer and fabricator of highway signage structures and other highly-engineered, large-scale fabricated metal structures. Walpar was founded in 1974 and is based in Birmingham, Alabama.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 OROS

Portland, Oregon, United States

OROS is an outerwear brand founded on the pursuit of building the best insulation technology on the planet. As comfortable in a research lab as they are on the side of a mountain, they leverage emerging NASA technology to develop advanced thermal materials and high-performance, low impact apparel that equips humans to experience our world unencumbered. OROS was founded in 2015 and is based in Portland, Oregon.

Buy -
Buyer

True West Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

True West Capital Partners is a private investment firm focused on lower middle-market company investments in the Western US. The Firm looks to commit $5 to $25 million into profitable businesses to support acquisitions, growth initiatives, buyouts, recapitalizations, and refinancings. True West does not have any sector preferences, but does avoid real estate, startups and project financings. True West Capital Partners was formed in 2009 and is headquartered in Los Angeles, California.

DEAL STATS #
Overall 14 of 20
Sector (Safety/Security) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 6
State (Tennessee) 1 of 1
Country (United States) 14 of 20
Year (2021) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-24 InSite Telecom

Orange, California, United States

InSite Telecom is a provider of specialized construction, installation, and maintenance services to the wireless and wireline telecommunications industry. InSite Telecom was founded in 2003 and is based in Orange, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-11 Beauty Industry Group

Salt Lake City, Utah, United States

Beauty Industry Group is a supplier of hair extensions and related beauty products. The company sells direct to consumers as well as through a network of over 40 independent distributors throughout the US and Canada. It is dedicated to provide customers with the highest quality products available while also providing unmatched service and value. Beauty Industry Group was founded in 2004 and is based in Salt Lake City, Utah.

Sell -
Mergr

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