M&A Deal Summary

Tangent Technologies Acquires Bedford Technology

On February 1, 2020, Tangent Technologies acquired building materials company Bedford Technology from Hillcrest Capital Partners

Acquisition Highlights
  • This is Tangent Technologies’ 1st transaction in the Building Materials sector.
  • This is Tangent Technologies’ 3rd transaction in the United States.
  • This is Tangent Technologies’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2020-02-01
Target Bedford Technology
Sector Building Materials
Buyer(s) Tangent Technologies
Sellers(s) Hillcrest Capital Partners
Deal Type Add-on Acquisition

Target

Bedford Technology

Worthington, Minnesota, United States
Bedford Technology is a manufacturer of recycled plastic products, including lumber, pilings, site furnishings (benches, seats, and tables), signs, and a variety of other products. Bedford Technology was founded in 1998 and is based in Worthington, Minnesota.

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Buyer(S) 1

Buyer

Tangent Technologies

Aurora, Illinois, United States
Category Company
Founded 2003
Sector Plastics
DESCRIPTION

Tangent Technologies LLC is a premier provider of plastic lumber solutions serving the outdoor living market. Tangent manufactures high-density polyethylene (“HDPE”) lumber used for outdoor furniture, site amenities, structural applications, and marine decking.

DEAL STATS #
Overall 3 of 3
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Minnesota) 1 of 1
Country (United States) 3 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-20 Home & Leisure

United States

Home & Leisure is a vertically-integrated extruder, fabricator, and assembler of plastic lumber furniture focused on the mass market casual furniture industry.

Buy -

Seller(S) 1

SELLER

Hillcrest Capital Partners

Minneapolis, Minnesota, United States

Investor Investor

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Hillcrest Capital Partners is a Midwest private equity firm focused on lower middle-market acquisitions in the Midwest US. The Firm targets businesses generating sales of $6 to $20 million and EBITDA of $1 to $3 million. Hillcrest typically looks to acquire controlling interests in family-owned businesses or companies where the founder is looking for liquidity. Hillcrest does not have any sector preferences, as long as the market is stable/growing and non-regulated. Hillcrest does not invest in turnarounds or venture investments. Hillcrest Capital was formed in 2002 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 4 of 4
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Minnesota) 3 of 3
Country (United States) 4 of 4
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 DP Doors & Millwork

Bozeman, Montana, United States

DP Doors & Millwork offers prepped, pre-cut and pre-finished door and trim packages to builders and homeowners primarily in the Gallatin Valley region of Montana. The Company was founded in 2005 and headquartered in Bozeman, Montana.

Buy -
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