M&A Deal Summary

Salem Investment Partners and Tregaron Capital Acquire Village Realty

On May 2, 2016, mezzanine finance firm Salem Investment Partners and private equity firm Tregaron Capital acquired real estate company Village Realty

Acquisition Highlights
  • This is Salem Investment Partners’ 1st and Tregaron Capital’s 1st transaction in the Real Estate sector.
  • This is Salem Investment Partners’ 35th and Tregaron Capital’s 14th transaction in the United States.
  • This is Salem Investment Partners’ 10th and Tregaron Capital’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2016-05-02
Target Village Realty
Sector Real Estate
Buyer(s) Salem Investment Partners
Tregaron Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Village Realty

Nags Head, North Carolina, United States
Village Realty provides vacation rentals, real estate sales, and association management services in North Carolina's Outer Banks. Village Realty was founded in 1993 and is based in Nags Head, North Carolina.

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Buyer(S) 2

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 35 of 58
Sector (Real Estate) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 22 of 40
State (North Carolina) 10 of 13
Country (United States) 35 of 58
Year (2016) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-29 Catalyte

Baltimore, Maryland, United States

Catalyte is a provider of big data technology and proprietary algorithms to assemble and train software development teams and provide outsourced software development solutions to a blue-chip customer base. Catalyte was established in 2000 and is based in Baltimore, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 Protochips

Morrisville, North Carolina, United States

Protochips is an easy-to-use in situ TEM solutions & sample supports enable accurate quantitative measurement of samples under natural conditions. Protochips was established in 2002 and is based in Morrisville, North Carolina.

Buy -
Buyer

Tregaron Capital

Palo Alto, California, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Tregaron Capital Company is a private investment firm focused on investing in small to mid-sized businesses with EBITDA between $1 and $5 million and annual revenues of at least $5 million. Tregaron looks to provide mezzanine and/or equity capital to support recapitalizations, management buy-outs, acquisition financings, go-private transactions, buy-outs of founders or passive owners, and growth capital transactions. Target sectors include business services, IT services, healthcare services, mature software and technology, niche food and consumer packaged goods, and value-added distribution. The Firm's investment size is $3 to $10 million per transaction. Tregaron Capital is based in Palo Alto, California.


DEAL STATS #
Overall 15 of 18
Sector (Real Estate) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 7 of 9
State (North Carolina) 1 of 1
Country (United States) 14 of 17
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-21 Roquemore & Roquemore

Garland, Texas, United States

Roquemore & Roquemore, Inc. is a provider of collateral repossession management and skip tracing services to credit unions and other financial services providers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 Reeves Extruded Products

Arvin, California, United States

Reeves Extruded Products provides custom, short-run extruded plastic products for its customers, who are primarily lighting OEMs and point-of-purchase display companies. Reeves Extruded Products was founded in 1967 and is based in Arvin, California.

Buy -