M&A Deal Summary

Sidereal Capital Group, Farragut Capital Partners and Parkway Capital Acquire Malco

On May 21, 2024, private equity firm Sidereal Capital Group, mezzanine finance firm Farragut Capital Partners and mezzanine finance firm Parkway Capital acquired manufacturer Malco

Acquisition Highlights
  • This is Sidereal Capital Group’s 2nd, Farragut Capital Partners’ 7th and Parkway Capital’s 5th transaction in the Manufacturing sector.
  • This is Sidereal Capital Group’s 8th, Farragut Capital Partners’ 91st and Parkway Capital’s 25th transaction in the United States.
  • This is Sidereal Capital Group’s 1st, Farragut Capital Partners’ 2nd and Parkway Capital’s 1st transaction in Oklahoma.

M&A Deal Summary

Date 2024-05-21
Target Malco
Sector Manufacturing
Buyer(s) Sidereal Capital Group
Farragut Capital Partners
Parkway Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Infinity Capital Partners LLC (Financial)
Frederic Dorwart Lawyers (FDLaw) (Legal)

Target

Malco

Tulsa, Oklahoma, United States
Malco manufactures and distributes hardware anchors specially designed to secure refractory linings for industrial furnaces, kilns, reactors, boilers, and other high-temperature environments found in petrochemical plants, cement and steel manufacturing, and power generation facilities. The Company also fabricates structural metal assemblies such as flare systems, pressure vessels, storage tanks, and processing equipment. Malco was founded in 1982 and is based in Tulsa, Oklahoma.

Search 201,771 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) 3

Buyer

Sidereal Capital Group

Summit, New Jersey, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2012
Size Small
Type Sector Agnostic
DESCRIPTION

Sidereal Capital Group is a private equity firm that invests in small and lower middle-market companies operating within niche segments of the specialty manufacturing, industrial services, business services, and information services sectors. The Firm pursues profitable companies with $3 to $10 million in EBITDA and will consider opportunities throughout North America. Prospective transaction situations include family-owned companies, corporate carve-outs, recapitalizations, and consolidations. Sidereal Capital Group was formed in 2012 and is based in Summit, New Jersey.


DEAL STATS #
Overall 8 of 8
Sector (Manufacturing) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Oklahoma) 1 of 1
Country (United States) 8 of 8
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-10 Peachey Hardwood Flooring

Reedsville, Pennsylvania, United States

Peachey Hardwood Flooring manufactures premium hardwood flooring and related millwork products. The Company offers handcrafted custom products across a broad selection of species, widths, cuts, stains, and finishes to wholesalers and distributors nationwide. Peachey Hardwood Flooring was founded in 1995 and is based in Reedsville, Pennsylvania.

Buy -
Buyer

Farragut Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2011
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Farragut Capital Partners LLC is a private investment firm that provides mezzanine and equity capital to help finance buyouts, generational transfers, growth capital financings, and recapitalizations. The Firm prefers asset-light businesses with unique and defensible market positions, stable business models, and reasonable capital expenditure and working capital needs. Sectors of interest include light and niche manufacturing, business services, distribution & logistics, and media. Farragut's target investment size is $2 to $10 million. Farragut Capital Partners was formed in 2011 and is based in Washington, District of Columbia.


DEAL STATS #
Overall 91 of 97
Sector (Manufacturing) 7 of 9
Type (Buyout (LBO, MBO, MBI)) 38 of 40
State (Oklahoma) 2 of 2
Country (United States) 91 of 97
Year (2024) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 Measurement Control Systems

Irvine, California, United States

Measurement Control Systems is a value-added distributor and servicer of natural gas meters, process instrumentation and controls, gas regulators, water meters, and various other residential, industrial, and commercial flow meters to thousands of utility and industrial customers throughout the U.S. MCS specializes in products that are critical infrastructure components in the natural gas and water grids which need to be maintained, replaced and upgraded over time. The Company is a value-added partner that leverages in-house engineering and research and development capabilities to deliver complex and customized solutions to its customers. Measurement Control Systems was founded in 1964 and is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-18 Blue Ocean Brands

Mountville, Pennsylvania, United States

Blue Ocean Brands is an independent rent-to-own retail chain with nineteen locations across Ohio, and Kentucky. Blue Ocean Brands is based in Mountville, Pennsylvania.

Buy -
Buyer
DESCRIPTION

Parkway Capital is the mezzanine finance unit of Calvert Street Partners. Parkway's investments typically take the form of subordinated debt, which can be combined with a junior secured loan or preferred stock. If an opportunity calls for common equity, Parkway can also co-invest with other shareholders. Parkway looks to commit $3 to $12 million of capital per transaction in companies with at least $10 million in revenue and EBITDA in excess of $2 million. Funds are generally used to support business expansions, corporate acquisitions, leverage buyouts, recapitalization, ownership transfers, and 'wealth diversification'. Parkway Capital was formed in 2000 and became a unit of Calvert Street in 2019.


DEAL STATS #
Overall 26 of 26
Sector (Manufacturing) 5 of 5
Type (Buyout (LBO, MBO, MBI)) 11 of 11
State (Oklahoma) 1 of 1
Country (United States) 25 of 25
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-20 Comprehensive Prosthetics and Orthotics

Peoria, Illinois, United States

Comprehensive Prosthetics and Orthotics is a prosthetic and orthotic service provider to the adult and pediatric markets that provides consultation and fitting services, follow-up treatment services, and custom product fulfillment. Comprehensive Prosthetics and Orthotics was founded in 2006 and is based in Peoria, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-26 Dynamic Tube

Maquoketa, Iowa, United States

Dynamic Tube is a manufacturer of tube and pipe assemblies used in the assembly of diesel/gas engines, hydraulic systems, cooling systems, and air systems. Dynamic Tube was founded in 1976 and is based in Maquoketa, Iowa.

Sell -