M&A Deal Summary

Sterling Investment Partners and TSG Consumer Partners Acquire Power Stop

On June 1, 2015, private equity firms Sterling Investment Partners and TSG Consumer Partners acquired automotive company Power Stop

Acquisition Highlights
  • This is Sterling Investment Partners’ 1st and TSG Consumer Partners’ 1st transaction in the Automotive sector.
  • This is Sterling Investment Partners’ 18th and TSG Consumer Partners’ 33rd transaction in the United States.
  • This is Sterling Investment Partners’ 2nd and TSG Consumer Partners’ 2nd transaction in Illinois.

M&A Deal Summary

Date 2015-06-01
Target Power Stop
Sector Automotive
Buyer(s) Sterling Investment Partners
TSG Consumer Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Quarton Partners LLC
AGC Partners (Financial)

Target

Power Stop

Bedford Park, Illinois, United States
Power Stop is a supplier of performance-upgrade aftermarket brake products with a focus on selling its products online. Power Stop’s products include pads, rotors, calipers, shoes, and pad wear sensors, but the Company is most well-known for its “1-Click Brake Kit”. The Company offers kits and components for a broad range of vehicles, including daily driver, sports car and truck and tow vehicles. Power Stop was founded in 1995 and is based in Bedford Park, Illinois.

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Buyer(S) 2

Buyer

Sterling Investment Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 2.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sterling Investment Partners is a private equity firm that seeks investments in middle-market businesses with strong market share and high growth potential. Sterling looks for companies generating revenues of $50 to $500 million and EBITDA of $15 to $50 million. Sectors of interest include outsourcing/business services, niche manufacturing & industrial, transportation & logistics, unique distribution, technology-related, energy services, and consumer products & services. Sterling Investment Partners dates back to 1991 and is based in Westport, Connecticut.


DEAL STATS #
Overall 18 of 31
Sector (Automotive) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 8 of 9
State (Illinois) 2 of 3
Country (United States) 18 of 31
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-18 Lazer Logistics

Alpharetta, Georgia, United States

Lazer Logistics is a provider of comprehensive yard management solutions, including trailer spotting, shuttling and other complementary transportation and logistics services. Lazer Logistics was founded in 1996 and is based in Alpharetta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-30 Aurora Parts & Accessories

Lebanon, Indiana, United States

Aurora Parts & Accessories is a distributor of aftermarket parts and accessories for over-the-road semi-trailers. The Company offers the most complete line of branded and private label parts in the industry, maintaining a comprehensive inventory to serve all makes and models of trailer. Aurora Parts & Accessories is based in Lebanon, Indiana.

Buy -
Buyer

TSG Consumer Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 9.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

TSG Consumer Partners (formerly known as The Shansby Group) is a specialist private equity firm focused on acquiring and building mid-sized, branded consumer companies. TSG invests in private and publicly traded companies, and will consider both majority and minority equity positions. Specific sectors of interest include apparel, beauty, e-commerce, personal care, retail, food/beverages, restaurants, health/wellness, household products, and pet care. TSG looks for companies with sales between $20 million and $1.5 billion and can invest commit up to $500 million per transaction. TSG Consumer Partners was formed in 1987 and is based in San Francisco, California.


DEAL STATS #
Overall 33 of 56
Sector (Automotive) 1 of 5
Type (Buyout (LBO, MBO, MBI)) 20 of 23
State (Illinois) 2 of 2
Country (United States) 33 of 51
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-14 Garden Protein International

Richmond, British Columbia, Canada

Garden Protein International, Inc. is a plant-based protein brand offering a variety of delicious, convenient and versatile foods. Gardein creates mouthwatering center-of-plate foods people love that deliver real meat taste, texture and nutrition with no cholesterol and less fat and calories than traditional proteins.

Sell CA$175M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-22 Planet Fitness

Hampton, New Hampshire, United States

Planet Fitness is a franchisor and operator of fitness centers in the United States, with more than 12.5 million members and 1,700+ stores in 50 states, the District of Columbia, Puerto Rico, Canada, the Dominican Republic, Panama, and Mexico. Planet Fitness was formed in 1992 and is based in Hampton, New Hampshire.

Sell -