M&A Deal Summary

Stone Arch Capital, Capitala Group, Brookside Capital Partners and Sound Growth Partners Acquire Stueve Construction

On October 1, 2024, private equity firm Stone Arch Capital, asset manager Capitala Group, mezzanine finance firm Brookside Capital Partners and private equity firm Sound Growth Partners acquired construction company Stueve Construction

Acquisition Highlights
  • This is Stone Arch Capital’s 1st, Capitala Group’s 1st, Brookside Capital Partners’ 2nd and Sound Growth Partners’ 1st transaction in the Construction sector.
  • This is Stone Arch Capital’s 11th, Capitala Group’s 97th, Brookside Capital Partners’ 64th and Sound Growth Partners’ 3rd transaction in the United States.
  • This is Stone Arch Capital’s 2nd, Capitala Group’s 1st, Brookside Capital Partners’ 1st and Sound Growth Partners’ 1st transaction in Iowa.

M&A Deal Summary

Date 2024-10-01
Target Stueve Construction
Sector Construction
Buyer(s) Stone Arch Capital
Capitala Group
Brookside Capital Partners
Sound Growth Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Stueve Construction

Algona, Iowa, United States
Stueve Construction is a design, engineering, and construction firm focused primarily on the construction of dry fertilizer storage facilities. Stueve Construction was founded in 1958 and is based in Algona, Iowa.

Search 214,238 Deals Now

SEARCH BY

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

Try Free

Buyer(S) 4

Buyer

Stone Arch Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 259M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Stone Arch Capital is a private equity firm focused on lower middle market companies operating in the Midwest US. The firm pursues established companies valued from $25 to $125 million with EBITDA between $5 and $30 million. Target companies generally have 'protectable market positions', strong management in place, diverse customer bases, and 'predictable capital intensity'. Stone Arch will consider opportunities in a wide variety of manufacturing and service industries, excluding real estate, technology, and commodity industries. Typical equity investment range between $10 and $25 million. Stone Arch Capital was formed in 2003 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 12 of 12
Sector: Construction M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 3
State: Iowa M&A 2 of 2
Country: United States M&A 11 of 11
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-01 EIMCo

Farley, Iowa, United States

EIMCo is a manufacturer of metal components and assembled products predominantly used in agricultural, industrial, housing, heavy construction, and food processing applications. EIMCo was founded in 1992 and is based in Farley, Iowa.

Sell -
Buyer

Capitala Group

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1998
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Capitala Group is an asset manager that provides equity and mezzanine capital to mid-sized companies valued up to $250 million. Funds are generally used to support growth needs, add-on acquisitions, management/leveraged buyouts, and recapitalizations. Capitatala will invest across the US, but generally targets opportunities located in the Southeast. Industry preferences include building products, business services, consumer/reteail, general industrial, healthcare, and technology. Prospective companies typically have revenues greater than $10 million and EBITDA of at least $3 million. Capitala was formed in 1998 and is headquartered in Charlotte, North Carolina.


DEAL STATS #
Overall 98 of 100
Sector: Construction M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 42 of 42
State: Iowa M&A 1 of 1
Country: United States M&A 97 of 99
Year: 2024 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-11 Proactive Dealer Solutions

Huntersville, North Carolina, United States

Proactive Dealer Solutions is a multi-faceted service provider for the auto dealership and more broadly the motorized vehicle sector focused on lead management and conversion. Proactive’s services assist auto dealerships with all aspects of their sales organization by providing a full suite of integrated solutions, including hiring/training talent, call monitoring services, performance tracking, and conversion. Proactive Dealer Solutions is based in Huntersville, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-13 Visible Body

Framingham, Massachusetts, United States

Visible Body is a creator of 3D anatomical models and animations of the human body used in the education of both students and healthcare professionals. Visible Body was founded in 2007 and is based in Framingham, Massachusetts.

Sell -
Buyer
DESCRIPTION

Brookside Capital Partners is an investment management firm focused on stable lower-middle market companies in the US. The Firm typically commits $5 to $30 million per transaction to support buyouts, leveraged recapitalizations, strategic acquisitions and growth. Potential businesses generally have revenue greater than $15 million, and EBITDA of at least $4 million. Industries of interest include business services, consumer, distribution, healthcare, manufacturing, and transportation and logistics. Brookside Capital Partners was established in 2001 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 64 of 68
Sector: Construction M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 16 of 18
State: Iowa M&A 1 of 1
Country: United States M&A 64 of 68
Year: 2024 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-11 Military Fasteners

Melbourne, Florida, United States

Military Fasteners is a B2B eCommerce distributor of mil-spec fasteners primarily to customers in the aerospace and defense industry, with a focus on maintenance, repair, and overhaul, among other sectors. Military Fasteners is based in Melbourne, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-23 Hoffman Engineering

Stamford, Connecticut, United States

Hoffman Engineering provides proprietary situational awareness solutions for mission-critical aerospace and defense applications. Hoffman Engineering was founded in 1955 and is based in Stamford, Connecticut.

Buy -
Buyer
DESCRIPTION

Sound Growth Partners is a private equity firm focused providing all the equity and debt financing necessary to swiftly acquire and grow lower-middle-market companies. The Firm exclusively targets market leaders within protected niche segments—typically businesses with $2 $15 million of EBITDA operating in the consumer products/services, business services, distribution, and light manufacturing sectors. Sound Growth Partners was founded in 2023 and is headquartered in Edmonds, Washington.


DEAL STATS #
Overall 3 of 5
Sector: Construction M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 3
State: Iowa M&A 1 of 1
Country: United States M&A 3 of 5
Year: 2024 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-24 Sunny

Lakewood, Colorado, United States

Sunny provides refurbished land mobile radio communication equipment, including two-way radios, accessories, and communication solutions, in the U.S. The company also provides repair services and equipment rentals. Sunny is based in Lakewood, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-25 LPi

New Berlin, Wisconsin, United States

LPi is a provider of advertising-supported, print and digital bulletins and newsletters to faith-based, community, and membership organizations across the U.S. LPi is based in New Berlin, Wisconsin.

Buy -