M&A Deal Summary

Southfield Mezzanine Capital Acquires National Molding

On March 2, 2017, mezzanine finance firm Southfield Mezzanine Capital acquired plastics company National Molding from Taglich Private Equity and Calvert Street Capital Partners

Acquisition Highlights
  • This is Southfield Mezzanine Capital’s 1st transaction in the Plastics sector.
  • This is Southfield Mezzanine Capital’s 10th transaction in the United States.
  • This is Southfield Mezzanine Capital’s 3rd transaction in Florida.

M&A Deal Summary
Date 2017-03-02
Target National Molding
Sector Plastics
Buyer(s) Southfield Mezzanine Capital
Sellers(s) Taglich Private Equity
Calvert Street Capital Partners
Deal Type Recapitalization

Target

National Molding

Miami Lakes, Florida, United States
National Molding is a specialty manufacturer of small, intricate injection molded plastic components and fasteners for a diverse range of world class customers. NMC’s proprietary Hetero Cavity® System uses quick change modular, interchangeable tools which allow NMC to manufacture multiple, unrelated products within one production run and continually change and vary the mix based on customer demand. National Molding was founded in 1964 and is based in Miami Lakes, Florida.

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Buyer(S) 1

Buyer

Southfield Mezzanine Capital

Category Mezzanine Finance Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

Southfield Mezzanine Capital is a mezzanine finance provider that looks to invest $5 to $20 million to support profitable ($3+ million of EBITDA) manufacturing, business services, and distribution companies across the US. Prospective transaction situation include acquisition financings, growth capital financings, and recapitalizations. Southfield Mezzanine Capital was formed in 2013 and is headquartered in Greenwich, Connecticut.

DEAL STATS #
Overall 10 of 16
Sector (Plastics) 1 of 1
Type (Recapitalization) 2 of 4
State (Florida) 3 of 3
Country (United States) 10 of 16
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-05 Nationwide Property & Appraisal Services

Voorhees, New Jersey, United States

Nationwide Property & Appraisal Services is an appraisal management company specializing in the management of appraisal and property valuation services for residential and commercial property lenders. Nationwide Property & Appraisal Services was founded in 2008 and is based in Voorhees, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-06 Fore Aero

Haltom City, Texas, United States

Fore Aero is a provider of high precision machining as well as coating/bonding, metal processing, and assembly for manufacturers in the aerospace and defense sector. Fore Aero was founded in 1979 and is based in Haltom City, Texas.

Buy -

Seller(S) 2

SELLER

Taglich Private Equity

New York, New York, United States
Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Taglich Private Equity is a private equity firm focused on investing in US-based, lower middle market manufacturing, business service, and consumer product companies. The Firm prefers businesses with strong growth prospects and leading market positions. Taglich looks to invest $3 to $20 million and will consider funding a variety of investment situations - including management buyouts, recapitalizations, secondary buyouts, ownership transitions, divestitures, and growth capital financings. Taglich Private Equity was formed in 2001 and is based in New York City.

DEAL STATS #
Overall 13 of 17
Sector (Plastics) 1 of 1
Type (Recapitalization) 1 of 1
State (Florida) 1 of 1
Country (United States) 13 of 17
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Private Label Skin

St. Petersburg, Florida, United States

Private Label Skin is a private label and contract manufacturer of stock and custom skincare and cosmeceuticals, as well as direct-to-consumer, full-scale fulfillment services to online retailers and marketers. Private Label Skin is based in St. Petersburg, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-30 Simkar

Philadelphia, Pennsylvania, United States

Simkar Corp. is a manufacturer of linear and compact fluorescent, exit and emergency, HID and vandal resistant lighting fixtures for commercial, industrial and residential applications.

Sell -
SELLER

Calvert Street Capital Partners

Lutherville, Maryland, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 526M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Calvert Street Capital Partners (CSCP) is a private equity firm that invests in mid-sized companies. CSCP will consider opportunities across the US with a preference for opportunities located in the Eastern US. The Firm generally targets investments in scalable niche manufacturing, industrial, and business service companies. CSCP looks to invest $15 to $50 million per transaction. CSCP will not invest in start-ups, early stage venture capital, real estate or in companies that develop rapidly changing technology. Calvert Street Capital Partners was formed in 1995 and is based in Baltimore, Maryland.

DEAL STATS #
Overall 7 of 11
Sector (Plastics) 2 of 2
Type (Recapitalization) 1 of 1
State (Florida) 2 of 2
Country (United States) 7 of 10
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-19 Thermal Process Holdings

Elkhorn, Wisconsin, United States

Thermal Process Holdings provides heat treating services through four operating companies (Diamond Heat Treat, Certified Heat Treating, Hudapack Metal Treating, and P&L Heat Treating & Grinding). Thermal Process Holdings is based in Elkhart, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-28 TechPro Power Group

Fort Worth, Texas, United States

TechPro Power Group, through its subsidiaries TDS and Potomac, is a provider of electrical, instrumentation and controls testing and NETA-certified electrical testing and power quality surveys to the power, utility, refining, datacenter, institutional and commercial markets.

Buy -
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