M&A Deal Summary

ShoreView Industries and Northstar Capital Acquire All Surfaces

On June 7, 2022, private equity firm ShoreView Industries and mezzanine finance firm Northstar Capital acquired distribution company All Surfaces from WILsquare Capital

Acquisition Highlights
  • This is ShoreView Industries’ 5th and Northstar Capital’s 9th transaction in the Distribution sector.
  • This is ShoreView Industries’ 40th and Northstar Capital’s 102nd transaction in the United States.
  • This is ShoreView Industries’ 2nd and Northstar Capital’s 11th transaction in Minnesota.

M&A Deal Summary

Date 2022-06-07
Target All Surfaces
Sector Distribution
Buyer(s) ShoreView Industries
Northstar Capital
Sellers(s) WILsquare Capital
Deal Type Secondary Buyout
Advisor(s) Stephens (Financial)
Winston & Strawn (Legal)

Target

All Surfaces

Bloomington, Minnesota, United States
All Surfaces is a specialty distributor of flooring, flooring sundries, and carpet pad. All Surfaces has over 40 branch locations in 16 states throughout the Midwest and Plains. The company serves a diverse customer base of builders, remodelers, contractors, and installers with a leading selection of top flooring and flooring sundries vendors. All Surfaces is based in Bloomington, Minnesota.

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Buyer(S) 2

Buyer

ShoreView Industries


Category Private Equity Firm
Founded 2002
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ShoreView Industries is a middle-market private investment principally focused on partnering with family or entrepreneurial-owned companies. ShoreView will consider a variety of investment situations, including buyouts, leveraged recapitalizations, minority investments, and industry consolidations. Areas of interest include engineered products, distribution, industrial services, business services, and niche consumer products. ShoreView industries was established in 2002 and is headquartered in Minneapolis, Minnesota.


DEAL STATS #
Overall 41 of 47
Sector: Distribution M&A 5 of 5
Type: Secondary Buyout M&A Deals 7 of 8
State: Minnesota M&A 2 of 3
Country: United States M&A 40 of 46
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 Burton

Omaha, Nebraska, United States

Burton offers replacement, repair, and maintenance services to a large and growing customer base. The Company is a multi-brand platform that has completed six add-on acquisitions since inception, expanding its operations in Nebraska, Colorado, Wisconsin, and Kansas. Burton partners with regional HVAC, plumbing, and electrical services providers to help them grow their businesses through follow-on M&A along with additional organic growth tools and capabilities. Burton is based in Omaha, Nebraska.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Rollease Acmeda

Stamford, Connecticut, United States

Rollease Acmeda is a designer, manufacturer, and value-added distributor of components and fabrics for custom window coverings. The company is the market leader in clutch-based operating systems for roller shades and is at the forefront of the industry for innovation in motorization and child safety. Rollease Acmeda was established in 1980 and is based in Stamford, Connecticut.

Sell -
Buyer

Northstar Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 107 of 121
Sector: Distribution M&A 9 of 10
Type: Secondary Buyout M&A Deals 20 of 22
State: Minnesota M&A 11 of 14
Country: United States M&A 102 of 116
Year: 2022 M&A 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-25 Aergo Solutions

Iselin, New Jersey, United States

Aergo Solutions is a provider of receivables collection for healthcare companies from third-party payers. Aergo solves revenue cycle challenges through a customized mix of services, technology, and consulting. Aergo Solutions is based in Iselin, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 New Vitality

Hauppauge, New York, United States

New Vitality markets, sells and distributes their own brands of vitamins, nutritional supplements, and similar products via radio, television, catalogues and the Internet. New Vitality was founded in 1993 and is based in Hauppauge, New York.

Sell -

Seller(S) 1

DESCRIPTION

WILsquare Capital is a private equity firm focused on acquiring closely held lower middle-market companies. WILsquare will consider opportunities throughout the Midwest and South US and has a preference for businesses whose owners are looking for a partner to help pursue growth strategies. Sectors of interest include business services, technology products and services, distribution, niche manufacturing, and e-commerce. WILsquare Capital was formed in 2015 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 2 of 3
Sector: Distribution M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Minnesota M&A 2 of 2
Country: United States M&A 2 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 TekBrands

Omaha, Nebraska, United States

TekBrands is a designer and eCommerce-based marketer of branded products to quilting and crafting enthusiasts and retailers. TekBrands was founded in 1990 and is based in Omaha, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-28 OuterBox Solutions

Akron, Ohio, United States

OuterBox Solutions is a provider of search engine optimization (“SEO”), paid search (“pay-per-click” or “PPC”) and website development services to B2B and B2C brands, with a specialization in eCommerce. OuterBox Solutions is based in Akron, Ohio.

Buy -