M&A Deal Summary

Safco Products Acquires Mayline

On August 17, 2016, Safco Products acquired furniture company Mayline from Baird Capital

Acquisition Highlights
  • This is Safco Products’ 1st transaction in the Furniture sector.
  • This is Safco Products’ 1st transaction in the United States.
  • This is Safco Products’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2016-08-17
Target Mayline
Sector Furniture
Buyer(s) Safco Products
Sellers(s) Baird Capital
Deal Type Add-on Acquisition

Target

Mayline

Sheboygan, Wisconsin, United States
Mayline Company LLC is a designer, manufacturer, and distributor of innovative office furniture. Mayline provides high-quality, value-based desking, seating and modular workstations for all segments of the contract furniture market, as well as innovative products for niche segments of the office furniture market.

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Buyer(S) 1

Buyer

Safco Products

New Hope, Minnesota, United States
Category Company
Sector Furniture
DESCRIPTION

Safco Products Co. is a provider of furniture and office products needed to make a workplace feel like a workplace. Safco Products is based in New Hope, Minnesota.

DEAL STATS #
Overall 1 of 1
Sector (Furniture) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1

Seller(S) 1

SELLER

Baird Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 3.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Baird Capital Partners (BCP) is the US private equity arm of Baird Private Equity. BCP makes investments in middle-market companies based in the US. BCP targets companies valued between $25 and $125 million and looks to invest between $15 and $35 million of equity per transaction. BCP focuses on three primary areas including business services (transaction processing, process outsourcing, professional services), healthcare (outsourcing services, medical products, contract manufacturing), and manufactured products (industrial/commercial, specialty consumer, distribution). BCP is affiliated with Baird Capital Partners Europe, Baird Capital Partners Asia, Baird Venture Partners, and Granville Baird Capital Partners. Baird Capital Partners is based in Chicago, Illinois.

DEAL STATS #
Overall 37 of 50
Sector (Furniture) 1 of 1
Type (Add-on Acquisition) 25 of 31
State (Wisconsin) 10 of 10
Country (United States) 35 of 44
Year (2016) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-08 Nirvana Asia

Kuala Lumpur, Malaysia

Nirvana Asia is an integrated death care service provider in Asia, in terms of contract sales, revenue, and land bank. The Company offers burial and funeral services and products on both as-need and pre-need bases, strategically targeting the premium segment of the death care services market. Nirvana Asia is one of the largest death care service provider in Malaysia and the only commercial columbarium operator in Singapore. Currently, the Company offers premium deathcare products and services through a network of 14 cemeteries, 14 columbarium facilities, six on-site crematoria and two funeral homes in Indonesia, Singapore, Thailand, Vietnam, and China. Nirvana Asia was founded in 1990 and is based in Kuala Lumpur, Malaysia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-15 R2i

Baltimore, Maryland, United States

R2i is a digital experience agency that creates digital solutions that connect and accelerate customer experiences to drive impact for brands. It has a relentless focus on combining data, insights and technology with creative design to drive engaging and high-impact digital experiences. R2i was founded in 2003 and is based in Baltimore, Maryland.

Buy -
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