Buyout (LBO, MBO, MBI) • Manufacturing

Strait Lane Capital Partners Acquires TTI Sports

On July 7, 2021, private equity firm Strait Lane Capital Partners acquired manufacturer TTI Sports

Acquisition Context
  • This is Strait Lane Capital Partners’ 1st transaction in the Manufacturing sector.
  • This is Strait Lane Capital Partners’ 9th transaction in the United States.
  • This is Strait Lane Capital Partners’ 1st transaction in Maine.

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M&A Deal Summary

Date July 7, 2021
Target TTI Sports
Sector Manufacturing
Buyer(s) Strait Lane Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

TTI Sports

Falmouth, Maine, United States
TTI Sports operates state-of-the-art manufacturing facilities strategically located in Thailand. The Company is a provider of premium felt for the global tennis industry. Its specialized felt is highly engineered to work in concert with the Company’s client’s internal cores for every type of tennis surface and include woven, needled, and acrylic products. TTI Sports was formed in 2021 and is headquartered in Falmouth, Maine.
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Buyer Overview 1

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 Context for Buyer #
Overall 9 of 10
Sector: Manufacturing 1 of 1
Type: Buyout (LBO, MBO, MBI) 5 of 6
State: Maine 1 of 1
Country: United States 9 of 10
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-10 Arise Virtual Solutions

Miramar, Florida, United States

Arise Virtual Solutions is a pioneer of on-demand customer management business process outsourcing solutions. Arise powerful cloud-based platform connects companies needing customer engagement and other business services to a virtual nationwide network of work-at-home Service Partners running small call center businesses.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-16 PepWear

Cedar Hill, Texas, United States

PepWear is an omnichannel merchandising experience through licenses with premier state and national-level youth activity organizations. PepWear was formed in 1987 and is headquartered in Cedar Hill, Texas.

Buy -