M&A Deal Summary

Spell Capital Partners and Convergent Capital Partners Acquire Las Vegas Color Graphics

On May 1, 2014, private equity firm Spell Capital Partners and growth capital firm Convergent Capital Partners acquired business services company Las Vegas Color Graphics from Decatur Group

Acquisition Highlights
  • This is Spell Capital Partners’ 4th and Convergent Capital Partners’ 9th transaction in the Business Services sector.
  • This is Spell Capital Partners’ 28th and Convergent Capital Partners’ 52nd transaction in the United States.
  • This is Spell Capital Partners’ 1st and Convergent Capital Partners’ 2nd transaction in Nevada.

M&A Deal Summary

Date 2014-05-01
Target Las Vegas Color Graphics
Sector Business Services
Buyer(s) Spell Capital Partners
Convergent Capital Partners
Sellers(s) Decatur Group
Deal Type Recapitalization

Target

Las Vegas Color Graphics

Las Vegas, Nevada, United States
Las Vegas Color Graphics offers a full spectrum of high-end commercial printing, mailing, and signage services including electronic prepress, offset and digital printing, finishing, and fulfillment/delivery to a growing base of corporate clients nationwide. Las Vegas Color Graphics was founded in 1978 and is based in Las Vegas, Nevada.

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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 28 of 54
Sector: Business Services M&A 4 of 5
Type: Recapitalization M&A Deals 6 of 8
State: Nevada M&A 1 of 1
Country: United States M&A 28 of 51
Year: 2014 M&A 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-11 Arandell

Menomonee Falls, Wisconsin, United States

Arandell is a commercial printing company providing high-quality catalogs and multichannel marketing solutions to upscale retailers. Arandell was founded in 1922 and is based in Menomonee Falls, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-23 Northwire

Osceola, Wisconsin, United States

Northwire, Inc. is a designer, manufacturer and contract service provider of custom technical products including wire and cable, retractile cords, cable assemblies, connectors, harnesses, injection molding, over-molding and contract engineering for diverse applications in life sciences, aerospace and defense, energy, industrial, architectural lighting, underwater and more.

Sell -
DESCRIPTION

Convergent Capital is a private investment firm that provides growth and debenture financing to late-stage growth companies. Convergent prefers to commit $3 to $12 million per transaction in businesses with at least $10 million in revenues. Convergent is a generalist investor and will consider businesses in a wide range of industries. Investment funds are typically used to assist growth, but the firm can also structure investments around buyouts, recapitalizations, consolidations, and add-on acquisitions. Convergent is licensed as a SBIC. Convergent Capital was formed in 1999 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 52 of 62
Sector: Business Services M&A 9 of 11
Type: Recapitalization M&A Deals 9 of 10
State: Nevada M&A 2 of 2
Country: United States M&A 52 of 62
Year: 2014 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Action Property Management

Irvine, California, United States

Action Property Management is a provider of full-service, integrated property management, and employment services to homeowners associations, high-rises, large-scale communities, and new developments. Action Property Management was founded in 1984 and is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 Tavant

Santa Clara, California, United States

Tavant is a provider of enterprise software services and solutions company that employs and customizes cutting-edge and emerging technologies for its blue-chip customer base. Tavant was founded in 2000 and is based in Santa Clara, California.

Buy -

Seller(S) 1

SELLER

Decatur Group

Denver, Colorado, United States

Category Private Equity Firm
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Decatur Group is a private equity firm focused on lower middle-market companies operating in basic industries. The Firm targets companies valued less then $100 million with up to $250 million in revenues. Sectors of interest include manufacturing, aerospace, defense, consumer products, business services, insurance, financial services, education, information technology, retail, distribution, and medical products. The Decatur Group is based in Denver, Colorado with an additional office in Charlotte, North Carolina.


DEAL STATS #
Overall 1 of 2
Sector: Business Services M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 1
State: Nevada M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-21 Las Vegas Color Graphics

Las Vegas, Nevada, United States

Las Vegas Color Graphics offers a full spectrum of high-end commercial printing, mailing, and signage services including electronic prepress, offset and digital printing, finishing, and fulfillment/delivery to a growing base of corporate clients nationwide. Las Vegas Color Graphics was founded in 1978 and is based in Las Vegas, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-10 Sola Salon Studios

Lakewood, Colorado, United States

Sola Salon Studios provides a unique service to entrepreneurs, giving stylists and beauty professionals high-end, fully-equipped salon studios to start their own businesses without the administrative burden and risk associated with opening a retail storefront. Sola Salon Studios was established in 2004 and is based in Lakewood, Colorado.

Sell -