M&A Deal Summary

Summit Park and Main Street Capital Acquire Artifact Uprising

On July 7, 2022, private equity firms Summit Park and Main Street Capital acquired consumer products company Artifact Uprising from Eagle Private Capital, Digital Fuel Capital and Pine Street Capital Partners

Acquisition Highlights
  • This is Summit Park’s 1st and Main Street Capital’s 7th transaction in the Consumer Products sector.
  • This is Summit Park’s 18th and Main Street Capital’s 130th transaction in the United States.
  • This is Summit Park’s 1st and Main Street Capital’s 11th transaction in Colorado.

M&A Deal Summary

Date 2022-07-07
Target Artifact Uprising
Sector Consumer Products
Buyer(s) Summit Park
Main Street Capital
Sellers(s) Eagle Private Capital
Digital Fuel Capital
Pine Street Capital Partners
Deal Type Recapitalization
Advisor(s) Raymond James - Investment Banking (Financial)
Davis, Malm & D'Agostine (Legal)

Target

Artifact Uprising

Denver, Colorado, United States
Artifact Uprising is a provider of printed photo products with elevated quality, thoughtful design, and responsibly-sourced materials. Artifact Uprising was founded in 2012 and is based in Denver, Colorado.

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Buyer(S) 2

Buyer

Summit Park

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 245M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Summit Park Partners is a private investment firm that acquires lower middle-market companies. Summit Park looks for profitable, established businesses in consumer services, business services, value-added distribution, and light manufacturing. The Firm targets businesses with revenues of $20 to $150 million and EBITDA between $4 and $15 million. Prospective transaction types include recapitalizations, management buyouts, family successions, corporate divestitures, and industry consolidations. Summit's geographic preference is within the Southeast and Mid-Atlantic US. Summit Park was formed in 2005 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 19 of 24
Sector (Consumer Products) 1 of 1
Type (Recapitalization) 13 of 18
State (Colorado) 1 of 1
Country (United States) 18 of 23
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 Ledge Lounger

Katy, Texas, United States

Ledge is an in-pool and backyard furniture and accessories platform with an omni-channel go-to-market strategy. Since the introduction of their first in-pool Chaise, Ledge has grown to include patio furnishings, umbrellas, cabanas and outdoor games, all designed to withstand the harsh pool and outdoor environments. Ledge Lounger was founded in 2011 and is based in Katy, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-25 Curion

Chamblee, Georgia, United States

Curion is a data-driven platform with solutions to deliver product and consumer insights. The Company has oexperience working with research and development (R&D) and insights teams within to design and execute research. Curion is based in Chamblee, Georgia.

Buy -
Buyer

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings 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 $75 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 Corporation was formed in 1997 and is based in Houston, Texas.


DEAL STATS #
Overall 130 of 137
Sector (Consumer Products) 7 of 8
Type (Recapitalization) 53 of 56
State (Colorado) 11 of 11
Country (United States) 130 of 137
Year (2022) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-31 JorVet

Loveland, Colorado, United States

JorVet provides an extensive selection of veterinary medical equipment and supplies to veterinary practices, veterinary hospitals, and universities across North America through a network of veterinary-specific distributors. JorVet was founded in 1965 and is based in Loveland, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-27 MetalForming

Peachtree City, Georgia, United States

MetalForming is a global distributor of metal folding machines and a supplier of high-end architectural sheet metal machines in North America. The company is the exclusive distributor of sophisticated European sheet metal forming, cutting, bending, and coil handling machines to the North American market. MetalForming was founded in 1997 and headquartered in Peachtree City, Georgia.

Buy -

Seller(S) 3

SELLER

Eagle Private Capital

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Eagle Private Capital (EPC) makes private equity and mezzanine investments in middle-market companies. The Firm typically invests $4 to $15 million per investment. EPC looks to partner with management or other private equity investors to provide growth or change of control capital. EPC is based in St. Louis, Missouri.


DEAL STATS #
Overall 43 of 49
Sector (Consumer Products) 4 of 4
Type (Recapitalization) 4 of 4
State (Colorado) 2 of 2
Country (United States) 43 of 49
Year (2022) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-07 TopDown

North Hollywood, California, United States

TopDown is a designer, manufacturer, and supplier of automotive aftermarket products. TopDown was founded in 1979 and is based in North Hollywood, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-04 Coronis Health

Sykesville, Maryland, United States

Coronis Health is a scaled revenue cycle management platform providing end-to-end technology-enabled solutions to a diverse set of healthcare providers across the US. Coronis Health was founded in 2015 and is based in Sykesville, Maryland.

Sell -
DESCRIPTION

Digital Fuel Capital is a private investment firm focused on investing in and acquiring companies involved in digital marketing. This includes e-commerce, digital marketing service companies, and advertising/marketing technology companies. Digital Fuel was established in 2015 and is headquartered in Newton, Massachusetts.


DEAL STATS #
Overall 4 of 4
Sector (Consumer Products) 1 of 1
Type (Recapitalization) 1 of 1
State (Colorado) 1 of 1
Country (United States) 4 of 4
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-22 Renovation Brands

Florence, Alabama, United States

Renovation Brands is a distributor and retailer of electric fireplaces, electric heating appliances, customized fireplace mantels, and outdoor heating products. Renovation Brands was founded in 2002 and is based in Florence, Alabama.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-31 Jaxxon

Costa Mesa, California, United States

Jaxxon is a social-first, men’s jewelry and accessories brand. Jaxxon was formed in 2018 and is based in Costa Mesa, California.

Buy -
SELLER

Pine Street Capital Partners

Albany, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2004
PE ASSETS 425M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Pine Street Capital Partners (PSCP) provides mezzanine capital to small and medium-sized private and public companies. PSCP will consider investments from $3 to $15 million in companies generating at least $10 million of sales. Target sectors include manufacturing, business services, consumer products, healthcare and media. PSCP prefers investments in the Northeast and Mid-Atlantic regions of the US, but will consider opportunities nationwide. Investment funds are typically used to support strategic acquisitions, growth, management and employee buyouts, and leveraged recapitalization. PSCP will not invest in the real estate, biotech and oil & gas industries. Pine Street Capital Partners was formed in 2004 and is based in Albany, New York.


DEAL STATS #
Overall 12 of 16
Sector (Consumer Products) 1 of 1
Type (Recapitalization) 2 of 2
State (Colorado) 1 of 1
Country (United States) 12 of 16
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-20 SST Conveyor Components

Loveland, Ohio, United States

SST Conveyor Components is a designer and manufacturer of specialized conveyor components serving the material handling, distribution, and conveyor systems integration markets. SST Conveyor produces high-quality straight, tapered, grooved, and custom rollers, bearing assemblies, and pulleys tailored to meet the unique requirements of each customer. SST Conveyor Components was founded in 1957 and is based in Loveland, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Ardurra

Tampa, Florida, United States

Ardurra provides highly complex engineering and design services for water, transportation, and aviation end-markets across the Southeast, Central, Southwest, and Northwest United States. The company's services make a positive impact on the country’s most critical pieces of infrastructure, providing innovative, technology driven solutions to municipalities, state government entities, utilities and businesses. Its work enables local communities to provide residents clean water, implement transit and transportation solutions, treat wastewater, and develop sustainable, resilient infrastructure, among many other solutions. Ardurra Group is based in Tampa, Florida.

Sell -