M&A Deal Summary

Sterling National Bank Acquires Colortree Group

On January 17, 2017, Sterling National Bank acquired manufacturer Colortree Group from Boathouse Capital

Acquisition Highlights
  • This is Sterling National Bank’s 1st transaction in the Manufacturing sector.
  • This is Sterling National Bank’s 1st transaction in the United States.
  • This is Sterling National Bank’s 1st transaction in Virginia.

M&A Deal Summary
Date 2017-01-17
Target Colortree Group
Sector Manufacturing
Buyer(s) Sterling National Bank
Sellers(s) Boathouse Capital
Deal Type Add-on Acquisition

Target

Colortree Group

Richmond, Virginia, United States
Colortree Group, Inc. is specializes in short-to-mid run production of multi-color, time-sensitive mailings mostly for non-profit organizations specializing in their need for high quality product(s) and responsiveness.

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Buyer(S) 1

Buyer

Sterling National Bank

Montebello, New York, United States
Category Company
Sector Financial Services
DESCRIPTION

Sterling National Bank is a provider of personal & commercial banking solutions to communities and businesses throughout the New York Metro area and beyond.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1

Seller(S) 1

SELLER

Boathouse Capital

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Boathouse Capital is a provider of mezzanine and equity capital to lower middle-market companies in a variety of industries. The Firm works in partnership with management teams and private equity firms in funding private equity sponsored buyouts, management buyouts, recapitalizations, refinancings, and growth capital financings. Boathouse can commit up to $25 million per transaction and generally pursues companies with 'exceptional' management, sustainable competitive advantages, growing end markets, 'sticky' business models, and diversified customers. Boathouse seeks companies with at least $10 million in revenues and at least $5 million of EBITDA. Boathouse is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 3 of 22
Sector (Manufacturing) 1 of 2
Type (Add-on Acquisition) 3 of 11
State (Virginia) 2 of 2
Country (United States) 3 of 22
Year (2017) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-05 Mediafly

Chicago, Illinois, United States

Mediafly is an enterprise software company designed to help companies transform and evolve how they sell through the delivery of perfect in-person selling experience. Mediafly was founded in 2006 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-10 Cozzini Bros

Des Plaines, Illinois, United States

Cozzini Bros is a full-service provider of sharpening and other blade exchange programs for restaurants, grocery stores, commercial kitchens, cafeterias, hospitals and schools. While maintaining the heritage, values and customer focus, company have been encouraged by customers to invest in customized blade sharpening programs for a variety of equipment, and in developing sophisticated invoicing capabilities. Cozzini Bros was formed in 2003 and is based in Des Plaines, Illinois.

Sell -
Mergr

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