Stake Purchase • Machinery

Summit Partners Invests In Harvey Performance Co.

On October 17, 2017, growth capital firm Summit Partners invested in machinery company Harvey Performance Co. from Riverside

Investment Context
  • This is Summit Partners’ 2nd transaction in the Machinery sector.
  • This is Summit Partners’ 269th transaction in the United States.
  • This is Summit Partners’ 35th transaction in Massachusetts.
Investment Fate
  • Harvey Performance Co. was sold to a consortium of financial buyers in 2021.

Explore All 160 Stake Purchase Machinery Deals - Search the Database Free


Investment Summary

Date October 17, 2017
Target Harvey Performance Co.
Sector Machinery
Investor(s) Summit Partners
Sellers(s) Riverside
Deal Type Stake Purchase

Target Company

Harvey Performance Co.

Rowley, Massachusetts, United States
Harvey Performance Co. is dedicated to providing products, services, and solutions that increase productivity for customers in the manufacturing and metalworking industries, including the aerospace and defense, medical, automotive, industrial motors, and telecommunications sectors. The company consists of two complementary brands: Harvey Tool – a broad, one-stop offering for hard-to-find micro-cutting tools – and Helical Solutions – a manufacturer of high-performance custom and standard end mills. The company is recognized as a market leader because of unsurpassed technical expertise and engineering know-how. Harvey Performance Co. was formed in 1985 and is based in Rowley, Massachusetts.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Investor Overview 1

Investor

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


Deal Context for Investor #
Overall 308 of 415
Sector: Machinery 2 of 2
Type: Stake Purchase 8 of 9
State: Massachusetts 35 of 44
Country: United States 269 of 335
Year: 2017 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-11 Jamf

Minneapolis, Minnesota, United States

Jamf provides enterprise device management and security software designed for Apple ecosystems. The Company’s cloud-based platform enables organizations to deploy, manage, and protect Apple devices across education, business, and government environments. Jamf was founded in 2002 and is headquartered in Minneapolis, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-26 Logi Analytics

McLean, Virginia, United States

Logi Analytics is a provider of web-based business intelligence software. The company business intelligence software enables users to explore, visualize, analyze and share data insights. The platform helps organizations create web-based BI and analytic applications that can be integrated directly within their applications, systems and processes. Logi Analytics was founded in 2000 and is based in McLean, Virginia.

Sell -

Seller Profile 1

SELLER

Riverside

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


Deal Context for Seller #
Overall 126 of 209
Sector: Machinery 4 of 4
Type: Stake Purchase 3 of 4
State: Massachusetts 4 of 4
Country: United States 91 of 147
Year: 2017 11 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-13 Competitive Edge Software

Franklin, Wisconsin, United States

Competitive Edge Software, Inc. is a local software company specializing in physical security management solutions. Competitive Edge Software, known for its Report Exec software suite, continue to grow its leadership position in the market. Report Exec provides comprehensive cloud-based security and law enforcement reporting and management solutions to customers in a variety of industries including education, healthcare, corporate, private security and law enforcement.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-23 Bike24

Dresden, Germany

Bike24 is an online retailer of cycling and tri-sports equipment, accessories and apparel. Bike24 is based in Dresden, Germany.

Sell -