M&A Deal Summary

Silver Peak Partners, Brush Creek Partners and True West Capital Partners Acquire ERI Group

On August 1, 2020, private equity firms Silver Peak Partners, Brush Creek Partners and True West Capital Partners acquired medical products company ERI Group

Acquisition Highlights
  • This is Silver Peak Partners’ 1st, Brush Creek Partners’ 1st and True West Capital Partners’ 1st transaction in the Medical Products sector.
  • This is Silver Peak Partners’ 10th, Brush Creek Partners’ 2nd and True West Capital Partners’ 6th transaction in the United States.
  • This is Silver Peak Partners’ 5th, Brush Creek Partners’ 2nd and True West Capital Partners’ 1st transaction in Colorado.

M&A Deal Summary
Date 2020-08-01
Target ERI Group
Sector Medical Products
Buyer(s) Silver Peak Partners
Brush Creek Partners
True West Capital Partners
Deal Type Recapitalization

Target

ERI Group

Golden, Colorado, United States
ERI Group is a provider of end-to-end solutions for medical device development, manufacturing, and regulatory approvals. ERI’s services turn a concept into a market-ready product. The Company specializes in electro-mechanical devices and full system solutions often integrated with the software. ERI Group was founded in 1988 and is based in Golden, Colorado.

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Buyer(S) 3

Buyer

Silver Peak Partners

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Silver Peak Partners is a private equity firm focused on small, profitable company acquisitions with $3 to $10 million of EBITDA. Silver Peak Partners looks to partner with management when pursuing investments and will consider opportunities in the infrastructure, environmental and recycling, aerospace and defense, niche/precision manufacturing, and agribusiness sectors. Silver Peak Partners was formed in 2008 and is based in Denver, Colorado.

DEAL STATS #
Overall 10 of 11
Sector (Medical Products) 1 of 1
Type (Recapitalization) 8 of 8
State (Colorado) 5 of 5
Country (United States) 10 of 11
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-13 Intermountain Drilling Supply

Salt Lake City, Utah, United States

Intermountain Drilling Supply Corp. (IDS) is a distributor and manufacturer of consumable drilling supplies for customers serving the Mining, Construction, Environmental, Telecom, and Geothermal industries. Intermountain Drilling Supply is based in Salt Lake City, Utah.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-04 StormWater Pros

Mesa, Arizona, United States

StormWater Pros is a provider of drywell installation and maintenance, hydro-excavation services, CCTV inspection, stormwater infrastructure maintenance and other related services in the Southwest United States. The company was founded after seeing an opportunity to assist property owners and managers take a proactive approach to inspecting and maintaining site drainage infrastructure. StormWater Pros' ability to help capture and hold stormwater in the ground for future use through installation of drywells is an essential service given the scarcity of water resources in the region.

Buy -
Buyer

Brush Creek Partners

Investor Investor

Category Private Equity Firm
Founded 2020
Size Small
Type Sector Agnostic
DESCRIPTION

Brush Creek Partners is a private investment firm focused on providing a variety of capital solutions (equity and/or mezzanine) to support buyouts, growth equity needs, or recapitalizations of lower middle-market companies. The Firm looks to commit $2 to $20 million per transaction. Sectors of interest include business services, consumer services, manufacturing, distribution, and specialty finance. Brush Creek Partners was formed in 2020 and is based in Littleton, Colorado.

DEAL STATS #
Overall 2 of 6
Sector (Medical Products) 1 of 1
Type (Recapitalization) 1 of 1
State (Colorado) 2 of 4
Country (United States) 2 of 6
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-01 Eagle River Capital

Centennial, Colorado, United States

Eagle River Capital is formed to acquire solid waste collection businesses. Eagle River Capital is based in Centennial, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 InBankshares

Greenwood Village, Colorado, United States

InBankshares is the holding company for InBank, an independent commercial bank growing throughout the Colorado Front Range and serving southern Colorado and northern New Mexico markets. InBankshares was founded in 2017 and is based in Greenwood Village, Colorado.

Buy -
Buyer

True West Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

True West Capital Partners is a private investment firm focused on lower middle-market company investments in the Western US. The Firm looks to commit $5 to $25 million into profitable businesses to support acquisitions, growth initiatives, buyouts, recapitalizations, and refinancings. True West does not have any sector preferences, but does avoid real estate, startups and project financings. True West Capital Partners was formed in 2009 and is headquartered in Los Angeles, California.

DEAL STATS #
Overall 6 of 20
Sector (Medical Products) 1 of 1
Type (Recapitalization) 2 of 2
State (Colorado) 1 of 1
Country (United States) 6 of 20
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-28 Future Tech Metals

Riverside, California, United States

Future Tech Metals is a supplier of roughing and finishing services for aerospace forging manufacturers and specializes in working with hard, exotic alloys. Future Tech Metals was founded in 1998 and is based in Riverside, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-14 Ellison Bakery

Fort Wayne, Indiana, United States

Ellison Bakery is a producer of cookies, snack bars, crunch and inclusion, and other products for the industrial market, foodservice industry, and retail and private label space. Ellison Bakery was founded in 1945 and is based in Fort Wayne, Indiana.

Buy -
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