M&A Deal Summary

Stellex Capital Management Acquires Go To Logistics

On May 17, 2021, private equity firm Stellex Capital Management acquired transportation company Go To Logistics from HCI Equity Partners

Acquisition Highlights
  • This is Stellex Capital Management’s 3rd transaction in the Transportation sector.
  • This is Stellex Capital Management’s 13th transaction in the United States.
  • This is Stellex Capital Management’s 1st transaction in Illinois.

M&A Deal Summary
Date 2021-05-17
Target Go To Logistics
Sector Transportation
Buyer(s) Stellex Capital Management
Sellers(s) HCI Equity Partners
Deal Type Secondary Buyout
Advisor(s) G2 Capital Advisors (Financial)
Jones Day (Legal)

Target

Go To Logistics

Northlake, Illinois, United States
Go To Logistics is a transportation service provider focused on the freight consolidation and LTL market. Go To provides services ranging from expedited/guaranteed service to warehoused consolidation primarily from Chicago to the Northeast and West Coast, as well as the Southwest United States. Go To Logistics is based in Northlake, Illinois.

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Buyer(S) 1

Buyer

Stellex Capital Management

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stellex Capital Management is a private equity firm focused on acquiring middle-market companies throughout North America and Europe. Stellex looks to invest $25 to $150 million in transactions valued up to $500 million. Sectors of interest include manufacturing, industrial, business services, aerospace, defense, government services, automotive, consumer products, distribution, and transportation. Prospective transaction situations include buyouts, turnarounds, recapitalizations, corporate divestitures, consolidations, and secondary purchases. Stellex Capital Management was formed in 2014 and is based in New York City.

DEAL STATS #
Overall 16 of 28
Sector (Transportation) 3 of 3
Type (Secondary Buyout) 4 of 9
State (Illinois) 1 of 1
Country (United States) 13 of 22
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Custom Made Meals

Denver, Colorado, United States

Custom Made Meals is a manufacturer of fresh, oven-ready, value-added entrees and appetizers sold in more than 6,000 retail grocery locations nationwide. Custom Made Meals was established in 2009 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-11 International Marine & Industrial Applicators

Daphne, Alabama, United States

International Marine & Industrial Applicators is a provider of critical vessel preservation services to the U.S. Navy ("USN") and commercial maintenance, repair, and overhaul ("MRO") and new construction markets. International Marine & Industrial Applicators was founded in 1985 and is based in Daphne, Alabama.

Buy -

Seller(S) 1

SELLER

HCI Equity Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

HCI Equity Partners is a private equity group that targets lower middle-market industrial product and service companies throughout North America. HCI is a 'hands on' investor, looking to assist portfolio companies with growth strategies and improving profitability. The Firm seeks opportunities with $20 to $200 million in revenues and strong management in place. Specific areas of interest include aerospace/defense, automotive and commercial vehicle suppliers, industrial distribution, infrastructure, power generation, test/measurement equipment, and transportation. HCI Equity Partners (fka Thayer | Hidden Creek Partners) is based in Washington DC.

DEAL STATS #
Overall 23 of 26
Sector (Transportation) 7 of 8
Type (Secondary Buyout) 7 of 8
State (Illinois) 2 of 2
Country (United States) 21 of 24
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-01 Tech24

Greenville, South Carolina, United States

Tech24 is an installation, preventative maintenance, and repair company specializing in foodservice facilities. The company specializes in cooking, refrigeration, beverage, and specialty foodservice equipment. In select markets, it also performs HVAC, Electrical, and Plumbing services. Tech24 was formed in 1982 and is based in Greenville, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-30 Power & Composite Technologies

Amsterdam, New York, United States

Power & Composite Technologies designs, manufactures, and sells highly-engineered composite components for use in utility-scale electrical generators as well as custom composite structures for use in medical, technology aerospace and defense applications. Power & Composite Technologies was founded in 1994 and is based in Amsterdam, New York.

Sell -
Mergr

Product

Company

Legal