M&A Deal Summary

Rotunda Capital Partners, Patriot Capital and Brookside Capital Partners Acquire American Equipment

On June 10, 2021, private equity firm Rotunda Capital Partners, private equity firm Patriot Capital and mezzanine finance firm Brookside Capital Partners acquired distribution company American Equipment

Acquisition Highlights
  • This is Rotunda Capital Partners’ 3rd, Patriot Capital’s 5th and Brookside Capital Partners’ 3rd transaction in the Distribution sector.
  • This is Rotunda Capital Partners’ 15th, Patriot Capital’s 95th and Brookside Capital Partners’ 45th transaction in the United States.
  • This is Rotunda Capital Partners’ 1st, Patriot Capital’s 1st and Brookside Capital Partners’ 1st transaction in Utah.

M&A Deal Summary

Date 2021-06-10
Target American Equipment
Sector Distribution
Buyer(s) Rotunda Capital Partners
Patriot Capital
Brookside Capital Partners
Deal Type Consolidation

Target

American Equipment

Salt Lake City, Utah, United States
American Equipment is a distributor of overhead cranes and hoists. American Equipment is based in Salt Lake City, Utah.

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Buyer(S) 3

Buyer

Rotunda Capital Partners

Bethesda, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 195M USD
Size Small
Type Sector Focused
DESCRIPTION

Rotunda Capital Partners is a private equity firm which invests equity and debt capital in established and profitable lower middle market companies. The Company targets businesses valued between $50 and $200 million with defensible market positions and strong growth prospects. Sectors of interest include financial services, business services, manufacturing, government services, insurance services, logistics and distribution, retail, and consumer. Rotunda Capital Partners is based in Bethesda, Maryland with an additional office in Chicago.


DEAL STATS #
Overall 15 of 23
Sector (Distribution) 3 of 5
Type (Consolidation) 2 of 2
State (Utah) 1 of 1
Country (United States) 15 of 23
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-05 Storm Smart

Fort Myers, Florida, United States

Storm Smart is a manufacturer and installer of code-approved hurricane protection products and lifestyle improvement solutions, professional installations, and exceptional customer service. Storm Smart was founded in 1996 and is based in Fort Myers, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-23 Refrigeration Sales

Valley View, Ohio, United States

Refrigeration Sales is a wholesale distributor of heating, ventilation, air conditioning, and refrigeration equipment. Refrigeration Sales is based in Valley View, Ohio.

Buy -
Buyer

Patriot Capital

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $5 to $25 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.


DEAL STATS #
Overall 95 of 109
Sector (Distribution) 5 of 6
Type (Consolidation) 6 of 6
State (Utah) 1 of 2
Country (United States) 95 of 109
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-15 Advantage Engineers

Columbia, Maryland, United States

Advantage Engineers LLC specialized in telecommunications, environmental and geotechnical engineering and consulting services for various end markets. Services offered include, but are not limited to, telecom site acquisition and engineering, laboratory and material testing, design and construction phase investigations and site assessments. Advantage Engineers was founded in 2001 and is based in Mechanicsburg, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 Quality Harvest Foods

Portland, Oregon, United States

Quality Harvest Foods is a developer and contract manufacturer of frozen, filled baked snacks and handheld meals sticks, bites, pull-aparts, and calzones in a variety of dough flavors, product shapes, fillings (including cheese and fruit), and topicals. The company’s products, sold by branded food manufacturers through foodservice and retail grocery channels, are available in individual oven/microwave safe wrappers, multipacks, resealable pouches, and bulk packaging formats. Quality Harvest Foods was formed in 1964 and is based in Portland, Oregon.

Buy -
Buyer
DESCRIPTION

Brookside Capital Partners is an investment management firm focused on stable lower-middle market companies in the US. The Firm typically commits $5 to $30 million per transaction to support buyouts, leveraged recapitalizations, strategic acquisitions and growth. Potential businesses generally have revenue greater than $15 million, and EBITDA of at least $4 million. Industries of interest include business services, consumer, distribution, healthcare, manufacturing, and transportation and logistics. Brookside Capital Partners was established in 2001 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 45 of 65
Sector (Distribution) 3 of 6
Type (Consolidation) 2 of 4
State (Utah) 1 of 1
Country (United States) 45 of 65
Year (2021) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Pyramid Healthcare

Duncansville, Pennsylvania, United States

Pyramid Healthcare is a provider of drug/alcohol and mental health treatment for adults and adolescents with 21 treatment facilities throughout Pennsylvania. Pyramid Healthcare is based in Duncansville, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 AAA Distributor

Philadelphia, Pennsylvania, United States

AAA Distributor is a distributor, wholesaler, and retailer of kitchen, bathroom, and flooring home improvement and remodeling products. AAA Distributor was founded in 2003 and is based in Philadelphia, Pennsylvania.

Buy -