M&A Deal Summary

Simplicity Creative Group Acquires Wm. Wright Co.

On November 21, 2000, Simplicity Creative Group acquired consumer products company Wm. Wright Co. from Merit Capital Partners and LaSalle Capital

Acquisition Highlights
  • This is Simplicity Creative Group’s 1st transaction in the Consumer Products sector.
  • This is Simplicity Creative Group’s 1st transaction in the United States.
  • This is Simplicity Creative Group’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2000-11-21
Target Wm. Wright Co.
Sector Consumer Products
Buyer(s) Simplicity Creative Group
Sellers(s) Merit Capital Partners
LaSalle Capital
Deal Type Add-on Acquisition

Target

Wm. Wright Co.

West Warren, Massachusetts, United States
Wm. Wright Co., Inc. is a premier manufacturer and marketer of products for the retail home sewing, home decorating and crafts industries.

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Buyer(S) 1

Buyer

Simplicity Creative Group

Antioch, Tennessee, United States

Category Company
Founded 1867
Sector Consumer Products
Employees645
DESCRIPTION

Simplicity Creative Group, Inc. is a provider of home sewing patterns, decorative trims, knitting and crocheting tools, needle arts and kids’ crafts products under the Simplicity®, Wrights®, Boye®, Dimensions®, and Perler® brand names. Simplicity’s products are sold to mass-market retailers, specialty fabric and craft chains, wholesale distributors and online customers.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2000 M&A 1 of 1

Seller(S) 2

SELLER

Merit Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Merit Capital Partners is a private investment firm that targets investments in middle market manufacturing, distribution, and service based businesses. Merit looks for companies generating at least $20 million in sales and at least $4 million in EBITDA. Merit can provide both equity and junior capital financing and looks to commit at least $15 million per transaction. Prospective transaction situations include management buyouts, recapitalizations, growth financings, divestitures, unsponsored transactions, and ESOPs. Merit Capital will not invest in start-ups, turnarounds, real estate, specialty retail, or oil/gas opportunities. Merit Capital was originally known as William Blair Mezzanine Capital and became independent in 2004. Merit Capital Partners was formed in 1993 and is based in Chicago, Illinois.


DEAL STATS #
Overall 5 of 56
Sector: Consumer Products M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 31
State: Massachusetts M&A 1 of 1
Country: United States M&A 5 of 55
Year: 2000 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-01 Avail Medical Products

Fort Worth, Texas, United States

Avail Medical Products, Inc. operates in a niche segment of the medical products industry, supplying custom-designed disposable products to national and regional manufacturers of medical supplies. Avail’s products are used principally in an operating room environment to improve efficiencies and prevent infections, with major customers including Johnson & Johnson and Baxter International.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-04-01 Dunn-Edwards

Los Angeles, California, United States

Dunn-Edwards Corp. is a manufacturer and distributor of high-quality paint in California, Arizona, and Nevada. Dunn supplies approximately 400 products, with nearly 80% of revenue generated from sales of company-manufactured interior and exterior architectural (i.e. residential and commercial property) paints and coatings.

Buy -
SELLER

LaSalle Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 345M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LaSalle Capital Group is a private investment firm licensed as a SBIC. LaSalle looks to invest in lower middle-market Midwest-based businesses. LaSalle's areas of interest include consumer and industrial products, food processing, for-profit education, business services, packaging and healthcare. LaSalle will not invest in real estate, commodities, oil and gas, and businesses based on rapidly changing technology. Prospective companies typically have revenue between $20 and $100 million and EBITDA greater than $3 million. The Firm's investment horizon is five to seven years. LaSalle Capital Group was formed in 1984 and is based in Chicago, Illinois.


DEAL STATS #
Overall 8 of 33
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 9
State: Massachusetts M&A 1 of 2
Country: United States M&A 6 of 31
Year: 2000 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-17 Copperfield Chimney Supply

Fairfield, Iowa, United States

Copperfield Chimney Supply, Inc. is a distributor serving contractors and retailers in the sales and service of hearth and chimney systems. Copperfield offers products under its five proprietary brands of HomeSaver, Woodfield, Gelco, Lock-Top and Lyemance along with the industry-leading brands of more than 100 manufacturers. Copperfield Chimney Supply was founded in 1978 and is based in Fairfield, Iowa.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-22 Elm Packaging Company

Memphis, Tennessee, United States

Elm Packaging Company LP is a diversified manufacturer of packaging, products and materials for the healthcare, consumer, and food packaging industries.

Sell -