M&A Deal Summary

Stonehenge Partners Acquires L.E. Technologies

On December 1, 1993, mezzanine finance firm Stonehenge Partners acquired automotive company L.E. Technologies

Acquisition Highlights
  • This is Stonehenge Partners’ 1st transaction in the Automotive sector.
  • This is Stonehenge Partners’ 1st transaction in the United States.
  • This is Stonehenge Partners’ 1st transaction in Vermont.
Investment Fate
  • L.E. Technologies was sold to a strategic buyer in 2005.

M&A Deal Summary

Date 1993-12-01
Target L.E. Technologies
Sector Automotive
Buyer(s) Stonehenge Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

L.E. Technologies

Fairfax, Vermont, United States
L.E. Technologies is a manufacturer of frames and related components serving the towable recreational vehicle industry. In addition, the company fabricates steel and aluminum components and provides electro-coat finishing services to RV and transportation industry customers.

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Buyer(S) 1

Buyer

Stonehenge Partners

Columbus, Ohio, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stonehenge Partners is a private equity firm that seeks equity and mezzanine investments in lower middle-market companies with at least $10 million in sales. Stonehenge looks to invest ranging from $10 million to $50 million of equity/junior capital to support management buyouts, leveraged acquisitions, recapitalizations, and growth capital financings. Stonehenge prefers businesses operating in manufacturing, distribution, business services and healthcare. Stonehenge avoids investing in real estate, oil and gas, high technology and 'industries that are susceptible to a high degree of cyclicality'. Stonehenge was formed in 1999 and is based in Columbus, Ohio.


DEAL STATS #
Overall 1 of 68
Sector: Automotive M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 48
State: Vermont M&A 1 of 1
Country: United States M&A 1 of 66
Year: 1993 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Nova Technology

Lafayette, Louisiana, United States

Nova is a provider of products and services for downhole maintenance and production on deep oil and gas wells, allowing operators to reduce operating costs and enhance production. The company services some of the deepest exploration platforms in the Gulf of Mexico and the world.

Buy $1M