M&A Deal Summary

Route 2 Capital Partners and Altacrest Capital Acquire Big Dot of Happiness

On September 30, 2020, mezzanine finance firm Route 2 Capital Partners and private equity firm Altacrest Capital acquired consumer products company Big Dot of Happiness

Acquisition Highlights
  • This is Route 2 Capital Partners’ 3rd and Altacrest Capital’s 3rd transaction in the Consumer Products sector.
  • This is Route 2 Capital Partners’ 6th and Altacrest Capital’s 3rd transaction in the United States.
  • This is Route 2 Capital Partners’ 1st and Altacrest Capital’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2020-09-30
Target Big Dot of Happiness
Sector Consumer Products
Buyer(s) Route 2 Capital Partners
Altacrest Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Big Dot of Happiness

Menomonie, Wisconsin, United States
Big Dot of Happiness designs, manufactures, distributes and markets high-end party supplies that are sold directly to the consumer, primarily via eCommerce platforms. Big Dot of Happiness was founded in 1999 and is based in Menomonie, Wisconsin.

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Buyer(S) 2

Buyer
DESCRIPTION

Route 2 Capital Partners is a private investment firm that provides flexible financing solutions in the form of equity and mezzanine capital. The Firm looks to commit $3 to $20 million per transaction to support acquisitions, buyouts, growth capital, recapitalizations, and shareholder liquidity needs. Route 2 prefers investing in profitable companies (> $2 million of EBITDA) located in the Southern US. Sectors of interest include business services, healthcare services, niche manufacturing, and specialty distribution. Route 2 Capital Partners was formed in 2016 and is headquartered in Charleston, South Carolina.


DEAL STATS #
Overall 6 of 8
Sector (Consumer Products) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 3 of 4
State (Wisconsin) 1 of 1
Country (United States) 6 of 8
Year (2020) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-07 JK Findings

Rochester, New York, United States

JK Findings is a designer, manufacturer, and wholesaler of jewelry components, also known as findings. JK Findings was founded in 1975 and is based in Rochester, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 National Electronic Alloys

Oakland, New Jersey, United States

National Electronic Alloys is a full-service operation equipped with a large fleet of state-of-the-art precision slitting, shearing and saw cutting machinery. National Electronic Alloys was founded in 1991 and is based in Oakland, New Jersey.

Buy -
DESCRIPTION

Altacrest Capital is a private investment firm that targets businesses in the consumer products and business services sector. The Firm seeks profitable companies (> $2 million of EBITDA) with strong cash flow and strong growth prospects where it can acquire a controlling position. Specific areas of interest include non-food and beverage branded products that have demonstrated the ability to be a leader in their niche category as well as outsourced services to consumer products businesses and outsourced HR services. Altacrest Capital was formed in 2017 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 3 of 4
Sector (Consumer Products) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Wisconsin) 1 of 1
Country (United States) 3 of 4
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 Corganics

Allen, Texas, United States

Corganics is a manufacturer of a natural topical pain analgesic cream, ReliefTM, used by oncologists, podiatrists, chiropractors, massage therapists, and athletes for a wide range of pain relief symptoms. Corganics was founded in 2003 and is based in Allen, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 Big Blanket

Springfield, Missouri, United States

Big Blanket offers directly to consumers over 40 styles, colors, patterns, and textures of its luxurious, cozy, premium 10’ x 10’ blanket. The Company’s blankets afford consumers and their entire families - the coverage they need to achieve comfort in a big way. Big Blanket products are original creations from its own in-house design team. The Company sells the vast majority of its products from its proprietary website but also provides certain offerings for sale on amazon. It intends to launch additional cozy-themed premium products in the near term to appeal to Big Blanket Co’s engaged and loyal customer base. Big Blanket was founded in 2018 and is based in Springfield, Missouri.

Buy -