M&A Deal Summary

Strait Lane Capital Partners and Main Street Capital Acquire Boss Industries

On July 8, 2014, private equity firms Strait Lane Capital Partners and Main Street Capital acquired machinery company Boss Industries

Acquisition Highlights
  • This is Strait Lane Capital Partners’ 2nd and Main Street Capital’s 6th transaction in the Machinery sector.
  • This is Strait Lane Capital Partners’ 4th and Main Street Capital’s 70th transaction in the United States.
  • This is Strait Lane Capital Partners’ 1st and Main Street Capital’s 2nd transaction in Indiana.
Investment Fate
  • Boss Industries was sold to a consortium of financial buyers in 2019.
  • Boss Industries was sold to a financial buyer in 2025.
  • Boss Industries was sold to a financial buyer in 2025.

M&A Deal Summary

Date 2014-07-08
Target Boss Industries
Sector Machinery
Buyer(s) Strait Lane Capital Partners
Main Street Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Boss Industries

LaPorte, Indiana, United States
Boss Industries is a provider of power take-off (PTO) rotary screw air technology, offering a full line of vehicle-integrated compressors as well as natural gas booster and vapor recovery systems. Boss Industries was founded in 1988 and is based in LaPorte, Indiana.

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Buyer(S) 2

DESCRIPTION

Strait Lane Capital Partners is a private investment firm focused on acquiring entrepreneur or family-owned companies as well as corporate divestitures. The Firm is operationally oriented and generally pursues US-based, profitable companies with at least $2 million of EBITDA. Areas of interest include manufacturing, business, and technology. Strait Lane Capital Partners was formed in 2009 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 4 of 10
Sector: Machinery M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 6
State: Indiana M&A 1 of 1
Country: United States M&A 4 of 10
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-09 Indianhead Pipeline Services

Chippewa Falls, Wisconsin, United States

Indianhead Pipeline Services is a pipeline construction services company. Indianhead Pipeline Services provides products and support services to transcontinental pipeline construction companies in North America. The Company's primary services include buoyancy control, site preparation and restoration, foam services, and erosion control. Indianhead Pipeline Services was formed in 1997 and is based in Chippewa Falls, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 Calling All Ships

Miami, Florida, United States

Calling All Ships is a distributor of health and beauty aids, candy, and sundry products to the cruise line industry and other hospitality industries. Calling All Ships was founded in 1986 and is based in Miami, Florida.

Buy -
Buyer

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 8.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Main Street Capital is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $125 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital was formed in 1997 and is based in Houston, Texas.


DEAL STATS #
Overall 70 of 146
Sector: Machinery M&A 6 of 8
Type: Buyout (LBO, MBO, MBI) M&A Deals 24 of 31
State: Indiana M&A 2 of 4
Country: United States M&A 70 of 146
Year: 2014 M&A 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-03 BlackHawk Technology Group

Lafayette, Louisiana, United States

BlackHawk Technology Group is a Gulf Coast region provider of communication and data transfer technology solutions primarily to oil & gas exploration and production and marine industries. The company operates through several subsidiaries and under several trade names in addition to Datacom, including Global Technology Group, Blackhawk Security Solutions, and Raven Research and Development. BlackHawk Technology Group was founded in 2002 and is based in Lafayette, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-21 Mystic Logistics

South Glastonbury, Connecticut, United States

Mystic Logistics is a non-asset based third-party logistics provider that specializes in standard mail consolidation for large volume mailers in the United States. Mystic's value proposition is centered around taking advantage of economies of scale, optimal purchasing power, reduced transit times, and considerable discounts offered by the U.S. Postal Service for assisting in efficiently achieving the "last mile" of delivery service. Mystic Logistics was founded in 1989 and is headquartered in South Glastonbury, Connecticut.

Buy $16M