M&A Deal Summary

Salem Investment Partners and Daboosh Investments Acquire Generx Generators

On May 1, 2019, mezzanine finance firm Salem Investment Partners and private equity firm Daboosh Investments acquired electrical equipment company Generx Generators

Acquisition Highlights
  • This is Salem Investment Partners’ 2nd and Daboosh Investments’ 1st transaction in the Electrical Equipment sector.
  • This is Salem Investment Partners’ 53rd and Daboosh Investments’ 2nd transaction in the United States.
  • This is Salem Investment Partners’ 4th and Daboosh Investments’ 1st transaction in Florida.

M&A Deal Summary
Date 2019-05-01
Target Generx Generators
Sector Electrical Equipment
Buyer(s) Salem Investment Partners
Daboosh Investments
Deal Type Buyout (LBO, MBO, MBI)

Target

Generx Generators

Oldsmar, Florida, United States
Generx Generators provides residential homeowners and businesses with all their standby electric power solutions that sell, install, service, and maintain Generx generators. Generx Generators was established in 2005 and is based in Oldsmar, Florida.

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Buyer(S) 2

Buyer

Salem Investment Partners

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 450M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Salem Investment Partners specializes in debt and equity investments in privately-held, middle-market businesses across the Southeast and Mid-Atlantic regions of the US. Salem looks to invest $2 to $10 million per transaction to help support growth, acquisitions, recapitalizations, and buyouts. Sectors of interest include business services, light manufacturing, consumer products, and distribution. Salem Investment Partners was formed in 1999 and is based in Greensboro, North Carolina.

DEAL STATS #
Overall 53 of 58
Sector (Electrical Equipment) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 38 of 40
State (Florida) 4 of 5
Country (United States) 53 of 58
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-24 Heritage Sportswear

Hebron, Ohio, United States

Heritage Sportswear is a distributor of imprintable sportswear, apparel, headwear, and accessories to the promotional products market. Heritage Sportswear was founded in 1982 and is based in Hebron, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-01 Sterling Card Solutions

Nolensville, Tennessee, United States

Sterling Card Solutions is a provider in custom plastic card printing solutions for various industries, including gift cards, hotel key cards, ID cards, phone cards and more. Sterling Card Solutions is based in Nolensville, Tennessee.

Buy -
Buyer

Daboosh Investments

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Daboosh Investments is a private investment firm focused on acquiring lower middle-market companies in the Midwest US. Daboosh Investments was formed in 2009 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 2 of 3
Sector (Electrical Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Florida) 1 of 1
Country (United States) 2 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 Mason Steel

Walton Hills, Ohio, United States

Mason Steel provides masonry, hearth, and outdoor living building products, as well as commercial and residential structural steel fabrication and erecting services. Mason Steel was established in 1958 and is based in Walton Hills, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-26 NewBold PlasticCards

Greenville, South Carolina, United States

NewBold PlasticCards is a manufacturer of blank white and colored plastic cards in North America. PlasticCards can produce a variety of cards for several applications such as hotel keys, access cards, identification cards, and retail/gift cards. PlasticCards predominately produces graphic quality cards, but can produce a full product line of plastic cards including PVC/ PET composite, utility stress, super stress, RFID, and cards collated with a magnetic stripe overlay. NewBold PlasticCards is based in Greenville, South Carolina.

Buy -
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