M&A Deal Summary |
|
|---|---|
| Date | 2020-10-01 |
| Target | Cars Protection Plus |
| Sector | Automotive |
| Buyer(s) | Spectrum Automotive Holdings |
| Sellers(s) |
Summit Park
Stellus Capital Management |
| Deal Type | Secondary Buyout |
| Advisor(s) | William Blair (Financial) McGuireWoods (Legal) |
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| Category | Company |
|---|---|
| Founded | 1999 |
| Sector | Business Services |
Spectrum Automotive Holdings is an agent, marketer, and administrator of finance and insurance ("F&I") products for the U.S. automotive market. Spectrum Automotive is providing a full suite of proprietary and third-party extended warranty and ancillary products to more than 1,400 dealer, administrator, and original equipment manufacturer partners. Spectrum Automotive Holdings was founded in 1999 and is based in Fairfield, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Automotive) | 1 of 2 |
| Type (Secondary Buyout) | 1 of 1 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 1 of 2 |
| Year (2020) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-16 |
Cal-Tex Protective Coatings
Schertz, Texas, United States Cal-Tex Protective Coatings, Inc. is a provider and administrator of interior and exterior appearance protection products sold through thousands of automotive dealerships nationwide. Cal-Tex Protective Coatings offers a full range of cutting-edge products that are specifically engineered to provide dealers and agents the best products to meet their customers' needs. Cal-Tex Protective Coatings was founded in 1983 and is based in Schertz, Texas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| PE ASSETS | 245M USD |
| Size | Small |
| Type | Sector Agnostic |
Summit Park Partners is a private investment firm that acquires lower middle-market companies. Summit Park looks for profitable, established businesses in consumer services, business services, value-added distribution, and light manufacturing. The Firm targets businesses with revenues of $20 to $150 million and EBITDA between $4 and $15 million. Prospective transaction types include recapitalizations, management buyouts, family successions, corporate divestitures, and industry consolidations. Summit's geographic preference is within the Southeast and Mid-Atlantic US. Summit Park was formed in 2005 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 12 |
| Sector (Automotive) | 1 of 1 |
| Type (Secondary Buyout) | 4 of 6 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 6 of 12 |
| Year (2020) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-02-03 |
Elliott Aviation
Moline, Illinois, United States Elliott Aviation is a provider of maintenance, repair and overhaul (“MRO”), fixed based operations services, and aircraft sales and brokerage services to the business aviation industry. Elliott Aviation is based in Moline, Illinois. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-26 |
United Air Temp
Lorton, Virginia, United States United Air Temp is a provider of residential heating, ventilation, and air conditioning (HVAC) services to residential homeowners. United Air Temp is headquartered in Lorton, Virginia. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2004 |
| PE ASSETS | 1.5B USD |
| Size | Large |
| Type | Sector Agnostic |
Stellus Capital Management is a provider of debt and equity capital to middle-market companies headquartered throughout the US and Canada. For credit commitments, Stellus looks to provide $10 to $50 million of capital to help support buyouts, acquisitions, recapitalization, growth opportunities, rescue financing, distressed situations, as well as bridge loans. Sectors' of interest for Stellus' credit practice includes business services, energy, general industrial, government, healthcare, software and specialty finance. Stellus' equity practice seeks to provide $30 to $50 million to small and mid-sized energy (upstream, oilfield services, midstream) companies. Stellus Capital was originally formed in 2004 as Laminar Direct Capital and operated as the direct investing unit of D.E. Shaw. The Group became independent in 2012. Stellus has offices in Houston, New York City, and Washington DC.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 5 |
| Sector (Automotive) | 1 of 1 |
| Type (Secondary Buyout) | 2 of 2 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 4 of 5 |
| Year (2020) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-03-10 |
3Pillar Global
Fairfax, Virginia, United States 3Pillar Global is an outsourced provider of software product development and design services for customer-facing, revenue-generating applications. The Company provides “Product Development as a Service” to industry-leading enterprise logos including Carfax, Fortune, and PBS. 3Pillar Global was founded in 2006 and is based in Fairfax, Virginia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-10 |
MissionWired
Washington, District of Columbia, United States MissionWired provides a full suite of integrated marketing solutions that connect clients with donors to improve digital fundraising results. MissionWired was founded in 2007 and is headquartered in Washington, District of Columbia. |
Buy | - |
