M&A Deal Summary

Strategic Investments & Holdings and Summer Street Capital Partners Acquire Graphic Controls Holdings

On June 7, 2004, private equity firms Strategic Investments & Holdings and Summer Street Capital Partners acquired manufacturer Graphic Controls Holdings

Acquisition Highlights
  • This is Strategic Investments & Holdings’ 1st and Summer Street Capital Partners’ 2nd transaction in the Manufacturing sector.
  • This is Strategic Investments & Holdings’ 2nd and Summer Street Capital Partners’ 5th transaction in the United States.
  • This is Strategic Investments & Holdings’ 2nd and Summer Street Capital Partners’ 4th transaction in New York.
Investment Fate
  • Graphic Controls Holdings was recapitalized in 2010.
  • Graphic Controls Holdings was sold to a publicly-traded strategic buyer in 2016.

M&A Deal Summary

Date 2004-06-07
Target Graphic Controls Holdings
Sector Manufacturing
Buyer(s) Strategic Investments & Holdings
Summer Street Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Graphic Controls Holdings

Buffalo, New York, United States
Graphic Controls is a manufacturer of consumables utilized in a variety of niche applications. The Company’s primary products include a growing set of disposable medical supplies, security-enabled point of sale (“POS”) products, and a variety of specialty cards, charts, and tickets. Graphic Controls has a diversified base of over 50,000 customers, including hospitals and healthcare providers, industrial businesses, leading casinos, and specialty marketing companies. Graphic Controls was formed in 1909 and is based in Buffalo, New York.

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Buyer(S) 2

DESCRIPTION

Strategic Investments & Holdings is a private equity firm focused on acquiring middle market companies. The firm seeks to invest up to $100 million in companies with sales between $10 to $200 million. Historically the firm has targeted food, manufacturing, distribution, retail, and service businesses. The firm prefers to work with companies that have low to moderate technological change in their industry, as well as a wide range of products. Recapitalizations and acquisition opportunities are specific transaction types the firm desires to focus on. Strategic Investments & Holdings is particularly interested in acquisition opportunities in Western New York, Western Pennsylvania and Southern Ontario. Strategic Investments & Holdings was originally founded in 1983, and is based in Buffalo, New York.


DEAL STATS #
Overall 2 of 2
Sector: Manufacturing M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
State: New York M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2004 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Bakewise Brands

Macedon, New York, United States

Bakewise Brands, Inc. is a manufacturer of fresh, refrigerated, and frozen bagels sold to grocery chains and hospitality customers throughout the Eastern United States. The company manufactures bagels for leading brands such as Thomas, Pepperidge Farm, and numerous grocery chains such as Kroger and Wegmans.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 Bakewise Brands

Macedon, New York, United States

Bakewise Brands, Inc. is a manufacturer of fresh, refrigerated, and frozen bagels sold to grocery chains and hospitality customers throughout the Eastern United States. The company manufactures bagels for leading brands such as Thomas, Pepperidge Farm, and numerous grocery chains such as Kroger and Wegmans.

Sell -
Buyer

Summer Street Capital Partners

Orchard Park, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 480M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Summer Street Capital is a private equity firm that targets investments in lower middle-market companies located in the Eastern and Midwest areas of the US as well as Southeastern Canada. Summer Street seeks to invest in platform companies generating revenues of at least $10 million. Broad ares of interest include environmental, niche manufacturing, and business services, Prospective transaction situations include growth capital financings, management buyouts, corporate divestitures, generational transitions, and recapitalizations. Summer Street Capital was formed in 1999 and based in Orchard Park, New York.


DEAL STATS #
Overall 5 of 23
Sector: Manufacturing M&A 2 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 9
State: New York M&A 4 of 8
Country: United States M&A 5 of 22
Year: 2004 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-01 Innovative Concepts in Entertainment

Clarence, New York, United States

Innovative Concepts in Entertainment, Inc. is a manufacturer of coin-operated amusement games in North America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 Healthtrax

Glastonbury, Connecticut, United States

Healthtrax is an owner/operator of medical fitness centers, primarily in partnership with local hospital systems. The Company's centers are located throughout the Northeast and Mid-Atlantic regions. Healthtrax was founded in 1979 and is based in Glastonbury, Connecticut.

Buy -