Investment Summary |
|
|---|---|
| Date | 2024-01-02 |
| Target | Vapor Power International |
| Sector | Electrical Equipment |
| Investor(s) | Thermon |
| Sellers(s) |
Stone Pointe
Midwest Mezzanine Funds |
| Deal Type | Add-on Acquisition |
| Advisor(s) | CIBC Capital Markets (Financial) Locke Lord (Legal) |
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Thermon is a manufacturer of heat tracing equipment for petrochemical, oil and gas, engineering, and power end-markets. With operations in North America, Europe, Asia, and Australia, the company serves customers worldwide. Thermon was founded in 1954 and is based in Austin, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector: Electrical Equipment M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 3 of 3 |
| State: Illinois M&A | 1 of 1 |
| Country: United States M&A | 2 of 2 |
| Year: 2024 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-01 |
Powerblanket
Salt Lake City, Utah, United States Powerblanket is a temperature control that provides patented standard and custom-made heating products, world-class industrial chillers and cooling wraps, and operates an industrial heating e-commerce website. Powerblanket was founded in 2005 and is based in Salt Lake City, Utah. |
Buy | - |
Stone Point is a private equity firm focused on control investments in small to mid-sized profitable companies. Stone Point will consider a variety of transaction situations including recapitalizations, family successions, management buyouts, shareholder liquidity needs, and corporate carve-outs. Sectors of interest include niche manufacturers of industrial or consumer products, service companies with unique offerings, and value-added distribution. Stone Point prefers situations where management remains in place, however this is not required. Stone Point is based in Naperville, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector: Electrical Equipment M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 3 of 3 |
| State: Illinois M&A | 2 of 2 |
| Country: United States M&A | 4 of 4 |
| Year: 2024 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-03-11 |
Cody Pools
Georgetown, Texas, United States Cody Pools is a custom swimming pool builder, serving the residential markets throughout Texas and commercial pool markets in the U.S. Cody Pools was founded in 1994 and is based in Georgetown, Texas. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 1.0B USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Midwest Mezzanine Funds (MMF) is a provider of junior capital to lower middle-market, US and Canadian companies. MMF looks to invest $4 to $15 million to support buyouts, acquisition financings, recapitalizations, and growth capital needs. Prospective companies generally have consistent profits ($3 million of EBITDA), low capital intensity, and sustainable competitive advantages. Broad areas of interest include manufacturing, value-added distribution, and services. MMF will not invest in high technology, energy, or real estate. Midwest Mezzanine was formed in 1992 and has offices in Chicago and Monroe, Michigan.
| DEAL STATS | # |
|---|---|
| Overall | 55 of 58 |
| Sector: Electrical Equipment M&A | 3 of 3 |
| Type: Add-on Acquisition M&A Deals | 24 of 25 |
| State: Illinois M&A | 8 of 8 |
| Country: United States M&A | 54 of 57 |
| Year: 2024 M&A | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-05 |
Form Tech Concrete Forms
Walled Lake, Michigan, United States Form Tech Concrete Forms is a construction services company focused on providing concrete forming and shoring rental solutions and related accessories to concrete subcontractors and general contractors. Form Tech Concrete Forms was founded in 1994 and is based in Walled Lake, Michigan. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-02-23 |
Circuit Check
Maple Grove, Minnesota, United States Circuit Check is a provider of electronic test equipment and services to OEMs and contract manufacturers in the technology, medical and industrial and markets. Circuit Check was founded in 1979 and is based in Maple Grove, Minnesota. |
Sell | - |
