M&A Deal Summary

Tailwind Acquires Banner Solutions

On November 14, 2019, private equity firm Tailwind acquired distribution company Banner Solutions from High Road Capital Partners

Acquisition Highlights
  • This is Tailwind’s 4th transaction in the Distribution sector.
  • This is Tailwind’s 42nd transaction in the United States.
  • This is Tailwind’s 2nd transaction in Missouri.

M&A Deal Summary
Date 2019-11-14
Target Banner Solutions
Sector Distribution
Buyer(s) Tailwind
Sellers(s) High Road Capital Partners
Deal Type Secondary Buyout

Target

Banner Solutions

Kansas City, Missouri, United States
Banner Solutions is a wholesale distributor of door hardware, electronic access control, and security products primarily for repair, replacement, and renovation applications in the commercial/institutional and residential markets. Banner Solutions was founded in 1987 and is based in Kansas City, Missouri.

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Buyer(S) 1

Buyer

Tailwind

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 3.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tailwind is an independent private equity firm focused on making control investments in companies operating in the healthcare, media/communications, and business services sectors. Tailwind looks to invest $25 to $200 million in profitable businesses valued above $500 million. The Firm seeks companies with proven business models and strong opportunities for growth, either organically or through acquisition. Tailwind Capital was formed in 2003 and is based in New York, New York.

DEAL STATS #
Overall 42 of 50
Sector (Distribution) 4 of 4
Type (Secondary Buyout) 14 of 18
State (Missouri) 2 of 2
Country (United States) 42 of 50
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-09 Ventiv Technology

Atlanta, Georgia, United States

Ventiv Technology is a software provider of Integrated Risk Management (“IRM”) solutions for enterprises and government entities. Its software platform enables enterprises to manage incidents and claims and evaluate, mitigate, and monitor risks with analytics, data-discovery, and reporting capabilities. Ventiv Technology. was founded in 1994 and is based in Atlanta, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-04 Long’s Drugs

Sarasota, Florida, United States

Long’s Drugs, Inc. is an independent specialty pharmacy in the Southeast, with locations in South Carolina, North Carolina, Georgia, Louisiana, and Texas. Longs have expanded its retail footprint to grow a comprehensive specialty pharmacy business that serves patients with chronic illnesses and complex medical conditions such as HIV/AIDS. In addition, Longs has worked to develop relationships with mental health and long-term care facilities in its current geographies, creating additional lines of business and new avenues for the company to provide pharmacy services.

Sell -

Seller(S) 1

SELLER

High Road Capital Partners

Greenwich, Connecticut, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 470M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

High Road Capital Partners LLC is a private equity firm focused on acquiring smaller middle-market companies in partnership with management. High Road looks to invest in companies with revenues of $10 to $100 million with an EBITDA of $3 to $ 10 million. Broad areas of interest include manufacturing, service, and value-added distribution businesses. Target transaction situations include buyouts and recapitalization. High Road will consider both control and non-control investments. High Road Capital Partners was formed in 2007 and is based in New York City.

DEAL STATS #
Overall 9 of 13
Sector (Distribution) 3 of 3
Type (Secondary Buyout) 3 of 4
State (Missouri) 1 of 1
Country (United States) 8 of 12
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-04 John Henry Foster

Eagan, Minnesota, United States

John Henry Foster is a distributor of motion control parts and accessories, compressed air systems, collaborative robots, industrial robotics, and electrical automation products. John Henry Foster was founded in 1938 and is based in Eagan, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 General Tools & Instruments

Secaucus, New Jersey, United States

General Tools & Instruments LLC is a designer and developer of precision specialty hand tools and handheld test instruments. The company offers a broad product portfolio of professional and consumer items used across multiple end markets, serving hobbyists and DIY enthusiasts as well as professionals. General Tools & Instruments was founded in 1922 and is based in Secaucus, New Jersey.

Sell $115M
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