M&A Deal Summary

Tecum Capital, Stacker Holdings and Salem Investment Partners Acquire CM Industries

On February 20, 2024, private equity firm Tecum Capital, private equity firm Stacker Holdings and mezzanine finance firm Salem Investment Partners acquired manufacturer CM Industries

Acquisition Highlights
  • This is Tecum Capital’s 11th, Stacker Holdings’ 1st and Salem Investment Partners’ 2nd transaction in the Manufacturing sector.
  • This is Tecum Capital’s 81st, Stacker Holdings’ 1st and Salem Investment Partners’ 56th transaction in the United States.
  • This is Tecum Capital’s 3rd, Stacker Holdings’ 1st and Salem Investment Partners’ 4th transaction in Illinois.

M&A Deal Summary

Date 2024-02-20
Target CM Industries
Sector Manufacturing
Buyer(s) Tecum Capital
Stacker Holdings
Salem Investment Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Calder Capital (Financial)

Target

CM Industries

Lake Zurich, Illinois, United States
CM Industries is a manufacturer of branded welding equipment and consumable welding supplies. CM Industries sells a full range of branded products including robotic, MIG, and TIG equipment and all associated peripherals and consumables. CM’s distributors serve a broad range of customers in the United States, Mexico, Canada, and Germany. CM Industries is based in Lake Zurich, Illinois.

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Buyer(S) 3

Buyer

Tecum Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tecum Capital is a private equity firm focused on lower middle-market companies across the Eastern-US. Tecum will consider a variety of investment situations including leveraged buyouts, management buyouts, successions, strategic acquisitions, growth capital financings, and recapitalizations. Investment sizes range from $5 - $20 million. Industries of interest include manufacturing, plastics, specialty distribution, technology, healthcare services, defense, food, and business/consumer services. Tecum will not consider investments in start-ups or real estate. Tecum Capital was formed in 2005 and is based in Wexford, Pennsylvania.


DEAL STATS #
Overall 81 of 83
Sector: Manufacturing M&A 11 of 11
Type: Buyout (LBO, MBO, MBI) M&A Deals 28 of 29
State: Illinois M&A 3 of 4
Country: United States M&A 81 of 83
Year: 2024 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-09 CDE Services

Marietta, Georgia, United States

CDE Services provides merchants a fully integrated solution for a multitude of payment processing needs and various ancillary products via a proprietary technology stack enabling high margins and superior pricing to its industry peers. CDE Services was founded in 1989 and is based in Marietta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-14 Shake Smart

San Diego, California, United States

Shake Smart provides healthy, nutritious, and delicious protein shakes, protein smoothies, acai bowls, wraps, nut butter avocado toast, and more to its customers across multiple dayparts. Shake Smart was founded in 2011 and is based in San Diego, California.

Buy -
DESCRIPTION

Stacker Holdings is a lower middle-market private equity firm focused on acquiring and investing in profitable businesses in partnership with management. The Firm is industry agnostic and prefers businesses located in the Midwest US. Stacker Holdings was formed in 2020 and is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
DESCRIPTION

Salem Investment Partners specializes in debt and equity investments in privately-held, middle-market businesses across the Southeast and Mid-Atlantic regions of the US. Salem looks to invest $2 to $10 million per transaction to help support growth, acquisitions, recapitalizations, and buyouts. Sectors of interest include business services, light manufacturing, consumer products, and distribution. Salem Investment Partners was formed in 1999 and is based in Greensboro, North Carolina.


DEAL STATS #
Overall 56 of 58
Sector: Manufacturing M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 40 of 41
State: Illinois M&A 4 of 4
Country: United States M&A 56 of 58
Year: 2024 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-17 Full Spectrum Franchise Consulting

Homewood, Illinois, United States

Full Spectrum Franchise Consulting is a portfolio of franchise solutions providers, including iFranchise Group, TopFire Media, and FranDevCo. They provides digital marketing and public relations specializing in driving brand growth and visibility within the franchising industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-19 PSA Worldwide

Colorado Springs, Colorado, United States

PSA Worldwide create awareness for programs which educate on sexual assault prevention, domestic and dating violence prevention, substance abuse prevention, child abuse, bullying, suicide prevention, and overall wellness! PSA Worldwide is based in Colorado Springs, Colorado.

Sell -