M&A Deal Summary

Sage Capital Acquires Mohawk Lifts

On November 1, 2020, private equity firm Sage Capital acquired machinery company Mohawk Lifts

Acquisition Highlights
  • This is Sage Capital’s 1st transaction in the Machinery sector.
  • This is Sage Capital’s 10th transaction in the United States.
  • This is Sage Capital’s 1st transaction in New York.

M&A Deal Summary
Date 2020-11-01
Target Mohawk Lifts
Sector Machinery
Buyer(s) Sage Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Mohawk Lifts

Amsterdam, New York, United States
Mohawk Lifts designs and manufactures vehicle lift equipment, specializing in lifts with higher-weight capacities capable of servicing medium- and heavy-duty vehicles, and also distributes undercarriage service equipment manufactured by other companies, most notably Hunter Engineering. Mohawk Lifts was founded in 1981 and is based in Amsterdam, New York.

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Buyer(S) 1

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 10 of 12
Sector (Machinery) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 8 of 9
State (New York) 1 of 1
Country (United States) 10 of 12
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 Check

Troy, Michigan, United States

Check manufactures flexible heating elements and control systems serving various industries including healthcare, food service, construction, agriculture, marine, motorcycle, and aviation. Check was founded in 1993 and is based in Troy, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Quest Food

Lombard, Illinois, United States

Quest Food is a provider of food services to schools, colleges and other institutional clients located primarily in metropolitan Chicago and adjacent markets. Quest Food was founded in 1985 and is based in Lombard, Illinois.

Buy -
Mergr

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