M&A Deal Summary

Stellex Capital Management and Mill Rock Capital Acquire Grammer Logistics

On October 2, 2018, private equity firms Stellex Capital Management and Mill Rock Capital acquired transportation company Grammer Logistics from Linx Partners

Acquisition Highlights
  • This is Stellex Capital Management’s 1st and Mill Rock Capital’s 1st transaction in the Transportation sector.
  • This is Stellex Capital Management’s 5th and Mill Rock Capital’s 1st transaction in the United States.
  • This is Stellex Capital Management’s 1st and Mill Rock Capital’s 1st transaction in Indiana.

M&A Deal Summary

Date 2018-10-02
Target Grammer Logistics
Sector Transportation
Buyer(s) Stellex Capital Management
Mill Rock Capital
Sellers(s) Linx Partners
Deal Type Secondary Buyout
Advisor(s) Piper Jaffray Companies (Financial)
Morgan Lewis (Legal)

Target

Grammer Logistics

Columbus, Indiana, United States
Grammer Logistics is a transportation hauler of bulk hazardous liquids serving the eastern half of the United States. The Company stands on its foundation of safety and unsurpassed customer service as the key components of its longevity and success. Grammer Logistics is based in Columbus, Indiana.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer
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 7 of 28
Sector (Transportation) 1 of 3
Type (Secondary Buyout) 1 of 9
State (Indiana) 1 of 1
Country (United States) 5 of 22
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-18 Fenix Parts

Hurst, Texas, United States

Fenix Parts is a recycler and reseller of OEM automotive products. The company’s primary business is auto recycling, which is the recovery and resale of OEM parts, components, and systems reclaimed from damaged, totaled, or low-value vehicles. Fenix Parts was established in 2014 and is based in Hurst, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-22 Custom Glass Solutions

Worthington, Ohio, United States

Custom Glass Solutions is a manufacturer of large-format laminated, tempered, value-added glass products used in vocational and recreational vehicle applications. CGS offers products like large, one-piece windshields, door glass, insulating glass, and roof glass as well as more advanced technologies like coated glass solutions, various forms of heated glass, and glass with embedded LEDs. Custom Glass Solutions is based in Worthington Ohio.

Buy -
DESCRIPTION

Mill Rock is a growth and operations oriented private investment firm that invests in middle-market industrial businesses in North America. Mill Rock invests in family-owned businesses, owner-operators and founder-led companies the chemicals, materials, industrial distribution, services, metals, transportation, logistics and specialty manufacturing sectors. Mill Rock Capital was established in 2018 and is headquartered in New York City.


DEAL STATS #
Overall 1 of 7
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Indiana) 1 of 1
Country (United States) 1 of 7
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Cisco Industrial Services

Odessa, Texas, United States

Cisco Industrial Services is a provider of equipment, services, parts, and supplies to the midstream infrastructure, general construction, agriculture, and general industrial markets. Cisco was founded in 1978 and is based in Odessa, Texas.

Buy -

Seller(S) 1

SELLER

Linx Partners

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 221M USD
Size Small
Type Sector Agnostic
DESCRIPTION

LINX Partners is a private equity firm focused on investments in light industrial manufacturing, industrial services, and specialty distribution companies. The Firm generally partners with family owners, entrepreneurs, and management to acquire and grow companies. Target businesses typically have revenues between $20 and $125 million and have 'a high service, branding component' with low capital expenditures. LINX Partners was formed in 1999 and has offices in Scarsdale, New York and Atlanta, Georgia.


DEAL STATS #
Overall 6 of 9
Sector (Transportation) 3 of 3
Type (Secondary Buyout) 4 of 4
State (Indiana) 2 of 2
Country (United States) 6 of 9
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Carolina Prescision Technologies

Mooresville, North Carolina, United States

Carolina Precision Technologies is a manufacturer of complex, high precision, and tight tolerance products and services to the Life Science and Aerospace industries. Carolina Precision Technologies was founded in 1998 and is based in Mooresville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-30 Transglobal

Fort Worth, Texas, United States

Transglobal is a provider of critical services to the energy pipeline infrastructure industry in Texas, Oklahoma, New Mexico, and the surrounding areas with a primary focus today on the Permian Basin. The Company has developed a strong reputation with its blue-chip customer base for a survey, land acquisition, GIS (Geographic Information Systems), environmental permitting, and right of way services through its superior service quality, speed of completion, and rigorous approach to data gathering and management. Transglobal was founded in 2007 and is headquartered in Fort Worth, Texas.

Buy -