M&A Deal Summary

Sage Capital and Capital For Business Acquire DIT-MCO International

On January 6, 2016, private equity firms Sage Capital and Capital For Business acquired technology hardware company DIT-MCO International

Acquisition Highlights
  • This is Sage Capital’s 1st and Capital For Business’ 2nd transaction in the Technology Hardware sector.
  • This is Sage Capital’s 6th and Capital For Business’ 32nd transaction in the United States.
  • This is Sage Capital’s 4th and Capital For Business’ 8th transaction in Missouri.

M&A Deal Summary

Date 2016-01-06
Target DIT-MCO International
Sector Technology Hardware
Buyer(s) Sage Capital
Capital For Business
Deal Type Buyout (LBO, MBO, MBI)

Target

DIT-MCO International

Kansas, Missouri, United States
DIT-MCO International is a manufacturing company, that supplies wire integrity test solutions. DIT-MCO’s test systems are used in connection with the development of commercial and military aircraft, defense communications, and weapon systems as well as space and satellite applications. DIT-MCO International was founded in 1948 and is based in Kansas, Missouri.

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Buyer(S) 2

Buyer

Sage Capital

St. Louis, Missouri, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Sage Capital is a private equity firm that provides equity capital to established lower middle-market businesses located throughout North America. Sage looks for companies with EBITDA between $2 and $7 million and typically commits $2 to $15 million per transaction. Businesses of interest include value-added manufacturers, recurring-revenue service businesses, and distribution companies. Sage Capital will not invest in start-ups. Sage Capital was formed in 2004 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 6 of 12
Sector (Technology Hardware) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 9
State (Missouri) 4 of 6
Country (United States) 6 of 12
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-14 K. Hall Studio

St. Louis, Missouri, United States

K. Hall Studio is a designer, producer and seller of home fragrance goods including scented candles, diffusers, hand soaps, lotions, creams and bath oils. The Company sells products primarily under its own brands, including Barr-Co, Simpatico, and U.S. Apothecary. K. Hall Studio was founded in 1998 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-01 Bulk Tank

Park Hills, Missouri, United States

Bulk Tank is a specializing in the manufacture of innovative parts for the pneumatic tank trailer industry. Bulk Tank is based in Park Hills, Missouri.

Buy -
Buyer

Capital For Business

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1959
PE ASSETS 150M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Capital for Business (CFB) is a private investment firm focused on providing junior capital to growing lower middle-market companies with at least $8 million in sales. CFB targets businesses serving niche consumer, commercial, distribution, manufacturing, and service markets throughout the United States. Funds are typically used to support management buyouts, leveraged buyouts, recapitalizations, corporate divestitures, growth financings, and going-private transactions. CFB will not invest in start-ups, turnarounds, unproven technologies, biotech, real estate, and financial institutions. Capital for Business was founded in 1959 and is headquartered in St. Louis, Missouri.


DEAL STATS #
Overall 32 of 55
Sector (Technology Hardware) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 23 of 35
State (Missouri) 8 of 12
Country (United States) 32 of 55
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-04 Inovar

Dallas, Texas, United States

Inovar is a large custom printer/converter in the south-central US. Inovar manufactures a wide array of pressure-sensitive labels, tags, and screen-printed products. Inovar's focus is on superior quality for value-added applications for a very diverse customer base in the food, beverage, automotive after-market, chemical, and retail industries. Inovar was founded in 1964 and is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 Delco

Akron, Ohio, United States

Delco is a provider of contract machining, mold building, and tool manufacturing services. Delco specializes in the production of compression, injection, transfer, multi-stack, and rapid heat/cooling molds. Delco is based in Akron, Ohio.

Buy -