Investment Summary

Stonebridge Partners, Promus Equity Partners and Brookside Capital Partners Invest In ADI American Distributors

On April 29, 2016, private equity firm Stonebridge Partners, private equity firm Promus Equity Partners and mezzanine finance firm Brookside Capital Partners invested in distribution company ADI American Distributors

Investment Highlights
  • This is Stonebridge Partners’ 2nd, Promus Equity Partners’ 1st and Brookside Capital Partners’ 2nd transaction in the Distribution sector.
  • This is Stonebridge Partners’ 15th, Promus Equity Partners’ 11th and Brookside Capital Partners’ 23rd transaction in the United States.
  • This is Stonebridge Partners’ 1st, Promus Equity Partners’ 1st and Brookside Capital Partners’ 1st transaction in New Jersey.

Investment Summary

Date 2016-04-29
Target ADI American Distributors
Sector Distribution
Investor(s) Stonebridge Partners
Promus Equity Partners
Brookside Capital Partners
Deal Type Growth Capital

Target

ADI American Distributors

Randolph, New Jersey, United States
ADI American Distributors is a distributor and value-added assembler of electrical components and systems primarily for the global aerospace industry. With an extensive network of worldwide suppliers. ADI American Distributors was founded in 1983 and is based in Randolph, New Jersey.

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Investor(S) 3

Investor

Stonebridge Partners

White Plains, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Stonebridge Partners is a private equity firm that targets investments in mid-sized privately-owned companies or divisions of public companies primarily serving the industrial or commercial marketplaces. The Firm 'particularly seeks companies where manufacturing equipment, processes, technology, patents, brand identity and/or reputation provide sustainable barriers to entry for potential competitors'. Target sectors include specialty manufacturing, value-added distributors, specialty packaging, building materials, and infrastructure. Stonebridge prefers businesses located in the US and Canada. Stonebridge Partners was formed in 1986 and is based in White Plains, New York.


DEAL STATS #
Overall 16 of 21
Sector (Distribution) 2 of 3
Type (Growth Capital) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 15 of 20
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-18 American Dryer

Fall River, Massachusetts, United States

American Dryer Corp. is a manufacturer and marketer of coin-operated, on-premise, industrial and specialty laundry equipment.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Cast-Crete USA

Seffner, Florida, United States

Cast-Crete USA is a manufacturer and distributor of precast and prestressed concrete lintels and sills. Cast-Crete USA was established in 1955 and is based in Seffner, Florida.

Buy -
Investor

Promus Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Promus Equity Partners is a private investment firm affiliated with Promus Holdings, a multi-family office. Promus looks to fund buyouts, management buyouts, and recapitalizations as well as growth equity financings and strategic add-ons for existing portfolio companies. Sectors of interest include consumer products, food, beverages, industrial products, specialty materials, distribution, and business services. Target platform companies generally have up to $15 million of EBITDA. Promus Equity Partners was founded in 2011 and is based in Chicago, Illinois.


DEAL STATS #
Overall 11 of 27
Sector (Distribution) 1 of 1
Type (Growth Capital) 2 of 8
State (New Jersey) 1 of 2
Country (United States) 11 of 26
Year (2016) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-29 Katahdin Industries

Dedham, Massachusetts, United States

Katahdin Industries is a provider of high-tolerance coating applications and specialized metal-finishing technology and services through two business segments. Katahdin Industries was founded in 1969 and is based in Dedham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-18 LogicMark

Louisville, Kentucky, United States

LogicMark LLC is a provider of unmonitored personal emergency response devices.

Sell $20M
Investor
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 23 of 65
Sector (Distribution) 2 of 6
Type (Growth Capital) 4 of 16
State (New Jersey) 1 of 4
Country (United States) 23 of 65
Year (2016) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-29 Controlled Products

Dalton, Georgia, United States

Controlled Products is a manufacturer and distributor of premium quality synthetic turf for sports, training, landscape, leisure, and specialty applications. Controlled products are sold to a national network of dealers and installers under Controlled Products’ highly recognizable brand names, SporTurf, GrassTex, and Synthetic Turf International. Controlled also delivers a broad array of turf products to original equipment manufacturers and large regional installation companies under private label arrangements. Controlled Products is based in Dalton, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-16 Centauri Health Solutions

Phoenix, Arizona, United States

Centauri Health Solutions is a provider of risk adjustment and quality solutions. Delivering data-driven services, through private cloud-based software solutions, the firm provides comprehensive data management designed specifically for risk adjustment and quality-based revenue programs. Centauri Health Solutions was founded in 2014 and is based in Phoenix, Arizona.

Buy -