M&A Deal Summary

Salem Investment Partners Acquires Park Designs

On October 1, 2013, mezzanine finance firm Salem Investment Partners acquired consumer products company Park Designs from Five Points Capital and Dogwood Equity

Acquisition Highlights
  • This is Salem Investment Partners’ 2nd transaction in the Consumer Products sector.
  • This is Salem Investment Partners’ 10th transaction in the United States.
  • This is Salem Investment Partners’ 3rd transaction in North Carolina.

M&A Deal Summary
Date 2013-10-01
Target Park Designs
Sector Consumer Products
Buyer(s) Salem Investment Partners
Sellers(s) Five Points Capital
Dogwood Equity
Deal Type Recapitalization
Advisor(s) Anderson LeNeave & Co. (Financial)

Target

Park Designs

Goldsboro, North Carolina, United States
Park Designs is a designer, importer and marketer of home décor, giftware, decorative accessories and lighting products. Scout’s Products are sold under the Park Designs and Split P brands to more than 7,000 retailers. Park Designs was founded in Goldsboro, North Carolina.

Search 201,157 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

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 10 of 58
Sector (Consumer Products) 2 of 5
Type (Recapitalization) 2 of 5
State (North Carolina) 3 of 13
Country (United States) 10 of 58
Year (2013) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 CaddieMaster

Ponte Vedra Beach, Florida, United States

CaddieMaster is a provider of caddie management services worldwide and currently manages over 2,000 caddies with 100+ managers. CADDIEMASTER provides its caddie management services to many of the most prestigious private clubs and resorts in the United States and abroad. CaddieMaster was established in 1993 and is based in Ponte Vedra Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-01 Parks & Son

Advance, North Carolina, United States

Parks & Son, Inc. is a wholesale distributor of products used in target and competitive shooting, hunting, and defense to hundreds of retailers. Parks & Son is based in Advance, North Carolina.

Buy -

Seller(S) 2

SELLER

Five Points Capital

Winston-Salem, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.

DEAL STATS #
Overall 14 of 58
Sector (Consumer Products) 1 of 1
Type (Recapitalization) 3 of 5
State (North Carolina) 3 of 5
Country (United States) 14 of 58
Year (2013) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-30 BrandFX

Fort Worth, Texas, United States

BrandFX LLC is a manufacturer and seller of composite utility truck bodies. Products include service bodies designed for smaller utility trucks, line bodies designed for medium-sized utility trucks as well as toppers and inserts designed primarily for compact utility trucks.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-05 SQAD

Tarrytown, New York, United States

SQAD provides media planning management software, media cost databases, and television ratings analytics software to advertisers, agencies, media inventory owners and media research firms. SQAD was founded in 1990 and is based in Tarrytown, New York.

Buy -
SELLER

Dogwood Equity

Raleigh, North Carolina, United States
Category Private Equity Firm
Founded 2002
PE ASSETS 74M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Dogwood Equity is a private equity fund focused on control buyouts and select non-control investments in private companies located in the Southeast US. The firm will consider investments in a broad range of industries, including manufacturing, distribution, service, and consumer products. Prospective companies generally have revenue of $10 to $75 million and EBITDA of $3 to $10 million. Dogwood's target investment size is $4 to $10 million. Dogwood Equity was formed in 2002 and is based in Raleigh, North Carolina, with an additional office in Charlotte.

DEAL STATS #
Overall 5 of 8
Sector (Consumer Products) 1 of 1
Type (Recapitalization) 2 of 2
State (North Carolina) 2 of 5
Country (United States) 5 of 8
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Immaculate Baking

Wakefield, Massachusetts, United States

Immaculate Baking Co. is a manufacturer and marketer of all-natural and organic refrigerated dough products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Biolex Therapeutics

Pittsboro, North Carolina, United States

Biolex Therapeutics is a biotechnology company with a novel platform for the development and manufacture of monoclonal antibodies and other protein therapeutics. The Company's lead product is Locteron, a controlled release interferon for hepatitis C.

Sell -
Mergr

Product

Company

Legal