M&A Deal Summary

Rudolph Capital and Pine Street Capital Partners Acquire ChemArt

On December 18, 2023, private equity firm Rudolph Capital and mezzanine finance firm Pine Street Capital Partners acquired consumer products company ChemArt

Acquisition Highlights
  • This is Rudolph Capital’s 1st and Pine Street Capital Partners’ 3rd transaction in the Consumer Products sector.
  • This is Rudolph Capital’s 2nd and Pine Street Capital Partners’ 46th transaction in the United States.
  • This is Rudolph Capital’s 1st and Pine Street Capital Partners’ 2nd transaction in Rhode Island.

M&A Deal Summary

Date 2023-12-18
Target ChemArt
Sector Consumer Products
Buyer(s) Rudolph Capital
Pine Street Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

ChemArt

Lincoln, Rhode Island, United States
ChemArt is a custom manufacturer of premium brass Christmas ornaments. ChemArt was founded in 1976 and is based in Lincoln, Rhode Island.

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Buyer(S) 2

DESCRIPTION

Rudolph Capital is a private equity firm focused on family-owned companies in the manufacturing, distribution, retail, and services industries. The Firm looks to invest in companies with $500k to $10 million of EBITDA and $5 to $75 million in revenue. Rudolph Capital was founded in 2019 and is headquartered in Wilton, Connecticut.


DEAL STATS #
Overall 2 of 2
Sector: Consumer Products M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Rhode Island M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-24 DeIorio Foods

Utica, New York, United States

DeIorio Foods is a manufacturer of specialty frozen dough for the pizza industry. DeIorio Foods was founded in 1924 and is based in Utica, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-08 DeIorio Foods

Utica, New York, United States

DeIorio Foods is a manufacturer of specialty frozen dough for the pizza industry. DeIorio Foods was founded in 1924 and is based in Utica, New York.

Sell -
Buyer

Pine Street Capital Partners

Albany, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2004
PE ASSETS 425M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Pine Street Capital Partners provides mezzanine capital to small and medium-sized private and public companies. PSCP will consider investments from $3 to $15 million in companies generating at least $10 million of sales. Target sectors include manufacturing, business services, consumer products, healthcare and media. PSCP prefers investments in the Northeast and Mid-Atlantic regions of the US, but will consider opportunities nationwide. Investment funds are typically used to support strategic acquisitions, growth, management and employee buyouts, and leveraged recapitalization. PSCP will not invest in the real estate, biotech and oil & gas industries. Pine Street Capital Partners was formed in 2004 and is based in Albany, New York.


DEAL STATS #
Overall 46 of 49
Sector: Consumer Products M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 17 of 18
State: Rhode Island M&A 2 of 2
Country: United States M&A 46 of 49
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-13 MarketBridge

Bethesda, Maryland, United States

MarketBridge is a consultancy for go-to-market strategy and analytics. MarketBridge was founded in 1991 and is based in Bethesda, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-07 Verdantas

Dublin, Ohio, United States

Verdantas is a provider of environmental science, engineering, and consulting services across industrial, energy, government, water, transportation, real estate, and technology end-markets. Verdantas was founded in 2020 and is based in Dublin, Ohio.

Sell -