M&A Deal Summary

Summit Park and Capitala Group Acquire Freedom Electronics

On January 8, 2019, private equity firm Summit Park and asset manager Capitala Group acquired electronics company Freedom Electronics

Acquisition Highlights
  • This is Summit Park’s 1st and Capitala Group’s 1st transaction in the Electronics sector.
  • This is Summit Park’s 12th and Capitala Group’s 75th transaction in the United States.
  • This is Summit Park’s 3rd and Capitala Group’s 6th transaction in Georgia.

M&A Deal Summary
Date 2019-01-08
Target Freedom Electronics
Sector Electronics
Buyer(s) Summit Park
Capitala Group
Deal Type Recapitalization

Target

Freedom Electronics

Kennesaw, Georgia, United States
Freedom Electronics remanufactures and sells a portfolio of over 2,300 electronic components used in fuel dispensers, retail point-of-sale systems, and automatic tank gauges. Freedom Electronics also provides a logistics and warehousing solution for customers’ electronic components inventory that minimizes downtime and ensures customers always have parts in stock. Freedom Electronics was founded in 1998 and is based in Kennesaw, Georgia.

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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 13 of 24
Sector (Electronics) 1 of 1
Type (Recapitalization) 8 of 18
State (Georgia) 3 of 5
Country (United States) 12 of 23
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 Arkive Information Management

Mableton, Georgia, United States

Arkive Information Management LLC is a provider of records information management (RIM) solutions to over 2,100 business partners and clients in Atlanta, Seattle, Vancouver, Calgary, Edmonton, Ottawa, Toronto, and Montreal. Arkive Information Management was founded in 2016 and is based in Mableton, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-22 Exacta

Fort Myers, Florida, United States

Exacta Land Surveyors provider of land surveys and field management services used to facilitate the purchasing, selling, and development of the residential and commercial real estate. Exacta was founded in 2003 and is based in Fort Myers, Florida.

Buy -
Buyer

Capitala Group

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1998
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Capitala Group is an asset manager that provides equity and mezzanine capital to mid-sized companies valued up to $250 million. Funds are generally used to support growth needs, add-on acquisitions, management/leveraged buyouts, and recapitalizations. Capitatala will invest across the US, but generally targets opportunities located in the Southeast. Industry preferences include building products, business services, consumer/reteail, general industrial, healthcare, and technology. Prospective companies typically have revenues greater than $10 million and EBITDA of at least $3 million. Capitala was formed in 1998 and is headquartered in Charlotte, North Carolina.

DEAL STATS #
Overall 76 of 98
Sector (Electronics) 1 of 1
Type (Recapitalization) 10 of 12
State (Georgia) 6 of 7
Country (United States) 75 of 97
Year (2019) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-02 Reliant Account Management

Knoxville, Tennessee, United States

Reliant Account Management (RAM) is a specialized independent third-party payment processor and trust accounting company. Utilizing a best-in-class software platform that seamlessly integrates into multiple counterparty management information systems, RAM is rapidly growing into the industry leader and gaining market share as the payment processor of choice for consumers and debt resolution companies. Reliant Account Management was founded in 2009 and is based in Knoxville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-15 Chicken Soup for the Soul

Cos Cob, Connecticut, United States

Chicken Soup for the Soul publishes the famous Chicken Soup for the Soul book series. With well over 100 million books sold to date in the U.S. and Canada, more than 250 titles, and translations into more than 40 languages, the phrase “chicken soup for the soul” is known worldwide and is regularly referenced in pop culture. Chicken Soup for the Soul was founded in 1993 and is based in Cos Cob, Connecticut.

Buy -
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