M&A Deal Summary

Royal Industries Acquires Eurodesign Cabinets

On February 1, 2010, Royal Industries acquired furniture company Eurodesign Cabinets from BlackEagle Partners

Acquisition Highlights
  • This is Royal Industries’ 1st transaction in the Furniture sector.
  • This is Royal Industries’ 1st transaction in the United States.
  • This is Royal Industries’ 1st transaction in California.

M&A Deal Summary
Date 2010-02-01
Target Eurodesign Cabinets
Sector Furniture
Buyer(s) Royal Industries
Sellers(s) BlackEagle Partners
Deal Type Add-on Acquisition

Target

Eurodesign Cabinets

Pomona, California, United States
Eurodesign Cabinets, Inc. is a manufacturer and installer of high-end kitchen cabinets. Eurodesign produces a broad range of customized cabinetry for quality builders and architects in the western U.S.

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Buyer(S) 1

Buyer

Royal Industries

Chicago, Illinois, United States
Category Company
Sector Restaurants
DESCRIPTION

A Southern California-based manufacturer and installer of high-end kitchen cabinets. Eurodesign produces a broad range of customized cabinetry for quality builders and architects in the western U.S.

DEAL STATS #
Overall 1 of 1
Sector (Furniture) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1

Seller(S) 1

SELLER

BlackEagle Partners

Bloomfield Hills, Michigan, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

BlackEagle Partners is a private investment firm that targets both financially sound businesses as well as distressed companies in need of operational improvement. Targeted distressed situations include divestitures, companies in breach of their covenants, companies in or near bankruptcy, businesses impacted by 'external shocks and globalization', and businesses in out-of-favor industries. Prospective companies generally have revenues of $25 to $250 million and EBITDA of up to $15 million. BlackEagle's target investment size is $5 to $40 million and the firm only considers control positions. Sectors of interest include aerospace/defense, building products, construction services, consumer products, distribution, healthcare products/services, industrial products/services, natural resources, niche manufacturing, and transportation. BlackEagle Partners was formed in 2007 and is based in Bloomfield Hills, Michigan.

DEAL STATS #
Overall 1 of 4
Sector (Furniture) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (California) 1 of 2
Country (United States) 1 of 4
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-01 Waste Associates

Richmond, Virginia, United States

Waste Associates, LLC is a waste management company specializing in the transportation and disposal of construction and demolition debris, non-hazardous contaminated soils, and certain types of industrial waste.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-21 Federal Broach & Machine

Harrison, Michigan, United States

Federal Broach & Machine Company is a manufacturer of specialized broach machines and broach tools.

Sell -
Mergr

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