M&A Deal Summary

Salem Investment Partners Acquires Global Value Commerce

On August 1, 2017, mezzanine finance firm Salem Investment Partners acquired e-commerce company Global Value Commerce from Plexus Capital

Acquisition Highlights
  • This is Salem Investment Partners’ 2nd transaction in the E-Commerce sector.
  • This is Salem Investment Partners’ 46th transaction in the United States.
  • This is Salem Investment Partners’ 12th transaction in North Carolina.

M&A Deal Summary

Date 2017-08-01
Target Global Value Commerce
Sector E-Commerce
Buyer(s) Salem Investment Partners
Sellers(s) Plexus Capital
Deal Type Secondary Buyout

Target

Global Value Commerce

Raleigh, North Carolina, United States
Global Value Commerce is a technology e-commerce solutions provider, secondary market (“re-commerce”) expert and owner/operator of North America’s leading golf e-platform for pre-owned golf equipment and new golf gear. Global Value Commerce was established in 2001 and is based in Raleigh, North Carolina.

Search 198,123 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

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 46 of 57
Sector (E-Commerce) 2 of 2
Type (Secondary Buyout) 5 of 5
State (North Carolina) 12 of 13
Country (United States) 46 of 57
Year (2017) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-16 BW Manufacturing

Comstock Park, Michigan, United States

BW Manufacturing is a manufacturer of concrete flooring equipment and industrial vacuums for the building, restoration, and maintenance industries, as well as utility and manufacturing plants. The company's products are used primarily in the construction and restoration of bridge decks, roads, and commercial facilities such as warehouses. BW Manufacturing was founded in 1996 and is based in Comstock Park, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-12 Parker School Uniforms

Houston, Texas, United States

Parker School Uniforms LLC is a provider of premium school uniforms to private and charter schools across the Sunbelt region of the United States including Texas, California, Oklahoma, Kansas, Alabama, Mississippi, Georgia, Tennessee, and Kentucky. Parker School Uniforms was founded in 1931 and is based in Houston, Texas.

Sell -

Seller(S) 1

SELLER

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 950M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $20 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 21 of 40
Sector (E-Commerce) 1 of 1
Type (Secondary Buyout) 5 of 8
State (North Carolina) 3 of 7
Country (United States) 21 of 40
Year (2017) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-01 Local Hive Honey

Greeley, Colorado, United States

Local Hive Honey produces 23 varietals of raw and unfiltered honey sourced exclusively from local beekeepers across various states and regions throughout the United States. Local Hive Honey is based in Greeley, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-19 Protect Plus Industries

Hickory, North Carolina, United States

Protect Plus Industries is a manufacturer and distributor of retail air filters and related products for home HVAC systems. Protect Plus Industries was founded in 2003 and is based in Hickory, North Carolina.

Sell -