M&A Deal Summary

RockWood Equity Partners and Granite Partners Acquire XL Specialized Trailers

On December 31, 2007, private equity firms RockWood Equity Partners and Granite Partners acquired machinery company XL Specialized Trailers

Acquisition Highlights
  • This is RockWood Equity Partners’ 1st and Granite Partners’ 1st transaction in the Machinery sector.
  • This is RockWood Equity Partners’ 9th and Granite Partners’ 5th transaction in the United States.
  • This is RockWood Equity Partners’ 1st and Granite Partners’ 1st transaction in Iowa.
Investment Fate
  • XL Specialized Trailers was sold to a strategic buyer in 2016.

M&A Deal Summary

Date 2007-12-31
Target XL Specialized Trailers
Sector Machinery
Buyer(s) RockWood Equity Partners
Granite Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

XL Specialized Trailers

Manchester, Iowa, United States
XL Specialized Trailers, Inc. is a manufacturer of specialized heavy-duty trailers for infrastructure, agricultural, utility, oil and gas, mining and alternative energy markets in North America.

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Buyer(S) 2

Buyer

RockWood Equity Partners

Shaker Heights, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

RockWood Equity Partners is a private equity firm looking to acquire profitable lower-middle market North American companies generating sales of $10 to $75 million and EBITDA of $2 to $7 million. Target transaction types include management buyouts, recapitalizations, growth equity financings, and divestitures. Sectors of interest include aerospace, defense, healthcare, industrials/industrial technology, and business services. RockWood Equity Partners was formed in 1999 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 11 of 26
Sector: Machinery M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 13
State: Iowa M&A 1 of 1
Country: United States M&A 9 of 24
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 Asset Recovery

St. Paul, Minnesota, United States

Asset Recovery is a provider of end-of-life solutions for computer and electronic equipment for businesses and individuals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-12 Medical Positioning

Kansas City, Missouri, United States

Medical Positioning, Inc. is a manufacturer of medical positioning equipment to support therapy for children and adults with disabilities.

Buy -
Buyer

Granite Partners

St. Cloud, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Granite Equity Partners is a private equity firm that invests in established companies headquartered in the upper Midwest, with a preference for Minnesota based opportunities. Granite looks for businesses in a wide range of industries and targets management buyouts, recapitalizations, and growth capital financing transactions. Prospective companies generally have revenues between $10 to $100 million and EBITDA between $1 to $5 million. Granite Equity Partners was formed in 2002 and is based in St. Cloud, Minnesota with additional office in Northfield, Minnesota.


DEAL STATS #
Overall 5 of 14
Sector: Machinery M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 3
State: Iowa M&A 1 of 1
Country: United States M&A 5 of 14
Year: 2007 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-29 Circuit Check

Maple Grove, Minnesota, United States

Circuit Check is a provider of electronic test equipment and services to OEMs and contract manufacturers in the technology, medical and industrial and markets. Circuit Check was founded in 1979 and is based in Maple Grove, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-29 Hoonuit

Minneapolis, Minnesota, United States

Hoonuit LLC provides educators with the tools needed to make informed, impactful action. Through solutions that provide intuitive analytics and personalized professional development, Hoonuit fuels teacher, staff and student success. Hoonuit LLC was founded in 2000 and is based in Minneapolis, Minnesota.

Buy -