M&A Deal Summary

Sentinel Capital Partners and Gemini Investors Acquire New Era Technology

On September 25, 2019, private equity firms Sentinel Capital Partners and Gemini Investors acquired information technology company New Era Technology

Acquisition Highlights
  • This is Sentinel Capital Partners’ 1st and Gemini Investors’ 3rd transaction in the Information Technology sector.
  • This is Sentinel Capital Partners’ 70th and Gemini Investors’ 86th transaction in the United States.
  • This is Sentinel Capital Partners’ 3rd and Gemini Investors’ 8th transaction in New York.

M&A Deal Summary

Date 2019-09-25
Target New Era Technology
Sector Information Technology
Buyer(s) Sentinel Capital Partners
Gemini Investors
Deal Type Recapitalization

Target

New Era Technology

New York, New York, United States
New Era Technology provides a comprehensive suite of managed services and systems integration capabilities for a wide range of IT solutions, including collaboration, data networking, and security. New Era Technology is based in New York City.

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Buyer(S) 2

Buyer

Sentinel Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 11.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $400 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 76 of 96
Sector (Information Technology) 1 of 1
Type (Recapitalization) 15 of 17
State (New York) 3 of 4
Country (United States) 70 of 89
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-10 The Luminaires Group

Montreal, Quebec, Canada

The Luminaires Group is a North American manufacturer of specification-grade and architectural lighting fixtures. Company designs develop, manufactures, and distributes specification grade lighting products across North America via three niche brands, each with its own focus. Eureka concentrates on indoor and outdoor decorative lighting; Amerillum focuses on indoor and outdoor architectural lighting, and Cyclone specializes in outdoor area lighting. The Luminaires Group was founded in 1987 and is based in Montreal, Quebec.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-23 ECM Industries

New Berlin, Wisconsin, United States

ECM Industries is a manufacturer and supplier of electrical products for construction, maintenance, lighting, irrigation, landscape supply, and gas utility markets. ECM Industries is based in New Berlin, Wisconsin.

Buy -
Buyer

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 86 of 96
Sector (Information Technology) 3 of 3
Type (Recapitalization) 19 of 21
State (New York) 8 of 9
Country (United States) 86 of 96
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Eastern Metal Building Products

Montgomery, Alabama, United States

Eastern Metal Building Products is a full line lightweight steel framing manufacturer and fabricator, serving the Eastern USA market. Eastern Metal Building Products is based in Montgomery, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-28 Westco

Houston, Texas, United States

Westco provides innovative landscape and construction services for a wide-range of customers, from large retail centers to corporate campuses, public spaces, and homeowner’s associations. Westco was founded in 1987 and is based in Houston, Texas.

Buy -