M&A Deal Summary

Spell Capital Partners and Farragut Capital Partners Acquire Atlas Wire

On February 11, 2016, private equity firm Spell Capital Partners and mezzanine finance firm Farragut Capital Partners acquired electrical equipment company Atlas Wire

Acquisition Highlights
  • This is Spell Capital Partners’ 4th and Farragut Capital Partners’ 1st transaction in the Electrical Equipment sector.
  • This is Spell Capital Partners’ 37th and Farragut Capital Partners’ 62nd transaction in the United States.
  • This is Spell Capital Partners’ 3rd and Farragut Capital Partners’ 2nd transaction in Illinois.

M&A Deal Summary

Date 2016-02-11
Target Atlas Wire
Sector Electrical Equipment
Buyer(s) Spell Capital Partners
Farragut Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Stout Risius Ross LLC (Financial)

Target

Atlas Wire

Itasca, Illinois, United States
Atlas Wire is a manufacturer of PVC, nylon, and cross-linked polyethylene insulated wire used in a variety of industries and applications. Atlas Wire was founded in 1966 and is based in Itasca, Illinois.

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Buyer(S) 2

Buyer

Spell Capital Partners

Edina, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spell Capital Partners is a private equity firm that targets control investments in lower middle-market manufacturing and distribution businesses. Spell targets companies with at least $5 million in annual revenues and minimum EBITDA of $1 million. The Firm's target equity investment size range is $2 to $15 million. Spell prefers opportunities located in the upper-midwestern states of Minnesota, Iowa, Wisconsin, North Dakota, South Dakota, Indiana, Illinois, and Nebraska. Spell Capital Partners was formed in 1988 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 37 of 53
Sector (Electrical Equipment) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 17 of 26
State (Illinois) 3 of 3
Country (United States) 37 of 50
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-17 NPI/Medical

Ansonia, Connecticut, United States

NPI/Medical is a provider of liquid silicone rubber (LSR) for medical-grade components. The Company’s capabilities include quick-turn manufacturing for short runs, production injection molding for high volume programs, a full-service tool room, and multiple clean rooms. NPI/Medical is based in Ansonia, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-27 Lone Star Distribution

Pompano Beach, Florida, United States

Lone Star Distribution is a wholesale distributor of sports nutrition and fitness products, including protein powders, vitamins, and workout and weight loss supplements.

Sell -
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 62 of 97
Sector (Electrical Equipment) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 29 of 40
State (Illinois) 2 of 5
Country (United States) 62 of 97
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 City Tap House

Philadelphia, Pennsylvania, United States

City Tap House is a craft beer and restaurant concept serving high-quality food and a best-in-class beer selection in a casually upscale setting. City Tap House currently operates eight restaurants - two in Philadelphia, two in Washington, D.C., and one each in Boston, Nashville, Atlanta, and Chicago - and will open an additional location in Loudon, Virginia later this year. City Tap House was founded in 2010 and is based in Philadelphia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-12 T&B Equipment

Ashland, Virginia, United States

T&B Equipment Co., Inc. is an equipment rental company that provides temporary seating and structures for a variety of sporting events, including the PGA Tour.

Sell -