M&A Deal Summary

Synergy Enterprises Acquires AmerTac

On April 30, 2009, distressed investor Synergy Enterprises acquired consumer products company AmerTac from New Heritage Capital

Acquisition Highlights
  • This is Synergy Enterprises’ 1st transaction in the Consumer Products sector.
  • This is Synergy Enterprises’ 1st transaction in the United States.
  • This is Synergy Enterprises’ 1st transaction in Pennsylvania.
Investment Fate
  • AmerTac was sold to a strategic buyer in 2010.

M&A Deal Summary

Date 2009-04-30
Target AmerTac
Sector Consumer Products
Buyer(s) Synergy Enterprises
Sellers(s) New Heritage Capital
Deal Type Secondary Buyout

Target

AmerTac

Breinigsville, Pennsylvania, United States
AmerTac is a designer, marketer and distributor of consumer products for the DIY and mass merchant channels with product lines targeting the electrical and lawn and garden categories. AmerTac was founded in 1937 and is based in Breinigsville, Pennsylvania.

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Buyer(S) 1

DESCRIPTION

Synergy Enterprises specializes in acquiring and advising distressed and under-performing companies. Synergy Enterprises was formed in 1995 and is headquartered in Lighthouse Point, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-02 AmerTac

Breinigsville, Pennsylvania, United States

AmerTac is a designer, marketer and distributor of consumer products for the DIY and mass merchant channels with product lines targeting the electrical and lawn and garden categories. AmerTac was founded in 1937 and is based in Breinigsville, Pennsylvania.

Sell -

Seller(S) 1

SELLER

New Heritage Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

New Heritage Capital is a private investment firm specializing in the acquisition and equity-based recapitalization of private, family owned businesses. Heritage looks to invest in growing, middle-market companies with at least $30 million in annual revenue and EBITDA of at least $4 million. Target sectors include aerospace, consumer products, food/beverage, media/publishing, healthcare, manufacturing, pet products, plastics/packaging, printing, and value-added distribution. New Heritage Capital was formed in 2006 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 12 of 23
Sector: Consumer Products M&A 3 of 3
Type: Secondary Buyout M&A Deals 7 of 13
State: Pennsylvania M&A 1 of 1
Country: United States M&A 11 of 20
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-08 Geneva Watch Co.

New York, New York, United States

Geneva Watch Co., Inc. is a designer, manufacturer and retailer of high-quality brand watches, such as Kenneth Cole, BCBG, Betsey Johnson, Tommy Bahama, Freestyle, Under Armour and other brands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-01 REACH Air Medical Services

Santa Rosa, California, United States

REACH Air Medical Services is a provider of emergency air medical transport services. REACH provides the highest quality patient care through 18 bases in California, Oregon and Texas utilizing a fleet of 29 rotor-wing and fixed-wing aircraft.

Buy -