Recapitalization • Test/Measurement Equipment

Rock Island Capital Acquires Excel Engineering

On January 1, 2020, private equity firm Rock Island Capital acquired test/measurement equipment company Excel Engineering

Acquisition Context
  • This is Rock Island Capital’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Rock Island Capital’s 19th transaction in the United States.
  • This is Rock Island Capital’s 1st transaction in Iowa.

Explore All 18 Recapitalization Test/Measurement Equipment Deals - Search the Database Free


M&A Deal Summary

Date January 1, 2020
Target Excel Engineering
Sector Test/Measurement Equipment
Buyer(s) Rock Island Capital
Deal Type Recapitalization

Target Company

Excel Engineering

Diagonal, Iowa, United States
Excel Engineering offers a variety of testing services including engine durability, emissions, and various other performance testing service. The Company has 27 test cells and 78,000 sq. ft. of available space for its testing operations in Diagonal. Excel provides testing primarily to manufacturers of engines, on and off-highway vehicles, generators, ATVs, RVs, motorcycles, and other testing and engine research companies. Excel Engineering was founded in 2002 and is based in Diagonal, Iowa.
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Buyer Overview 1

Buyer

Rock Island Capital

Oak Brook, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Rock Island Capital is a private equity firm that provides equity and mezzanine capital to middle-market manufacturing, distribution or service companies located in the US. Rock Island typically invests to support management buyouts, generational changes of ownership, growth and expansion, and recapitalization. Prospective companies generally have sales valued up to $250 million. The Firm will consider both majority or minority positions. Rock Island Capital has offices in Oak Brook, Illinois and Kansas City, Missouri.


Deal Context for Buyer #
Overall 19 of 26
Sector: Test/Measurement Equipment 1 of 1
Type: Recapitalization 14 of 21
State: Iowa 1 of 2
Country: United States 19 of 26
Year: 2020 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Belle Aire Creations

Libertyville, Illinois, United States

Belle Aire Creations develops and manufactures fragrance and odor management solutions in the form of liquid compounds that create desired scents and eliminate undesired odors. Belle Aire Creations was founded in 1982 and is based in Libertyville, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Benco Technology

Honey Brook, Pennsylvania, United States

Benco Technology provides laser, water, and plasma cutting, fabrication, and design services for steel, aluminum, and other select metal products for customers primarily located throughout Southeastern Pennsylvania. BenCo is a manufacturing partner to over 900 customers across industry verticals including: healthcare, agriculture, manufacturing, construction, transportation, retail, mining, and others. Benco Technology was founded in 1998 and is based in Honey Brook, Pennsylvania.

Buy -