M&A Deal Summary

TGP Investments Acquires Dynamatic

On November 17, 2016, private equity firm TGP Investments acquired electrical equipment company Dynamatic from C3 Capital and Woodlawn Partners

Acquisition Highlights
  • This is TGP Investments’ 1st transaction in the Electrical Equipment sector.
  • This is TGP Investments’ 5th transaction in the United States.
  • This is TGP Investments’ 1st transaction in Wisconsin.

M&A Deal Summary

Date 2016-11-17
Target Dynamatic
Sector Electrical Equipment
Buyer(s) TGP Investments
Sellers(s) C3 Capital
Woodlawn Partners
Deal Type Secondary Buyout
Advisor(s) Stout Risius Ross LLC (Financial)

Target

Dynamatic

Sturtevant, Wisconsin, United States
Dynamatic is a manufacturer of Eddy Current variable speed drives, brakes, and controls with applications in diverse end-markets that include water and wastewater, chemical and material processing, and other industrial markets. Dynamatic was founded in 1931 and is based in Sturtevant, Wisconsin.

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Buyer(S) 1

Buyer

TGP Investments

Kansas City, Missouri, United States

Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 57M USD
Size Small
Type Sector Agnostic
DESCRIPTION

TGP Capital Partners is a private equity fund that makes middle-market investments in profitable, growing companies. TGP primarily targets opportunities located in the Midwest US. TGP will consider both control and minority investments in manufacturing and business service companies with annual revenues of $15 to $50 million. Prospective transaction situations include industry consolidations, management buyouts, acquisitions, and growth financings. The fund is managed by TGP Investments, a Kansas City, Missouri based merchant bank.


DEAL STATS #
Overall 5 of 10
Sector (Electrical Equipment) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Wisconsin) 1 of 1
Country (United States) 5 of 10
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 Tru-Flex

Indianapolis, Indiana, United States

Tru-Flex is a manufacturer and marketer of flexible metal hose products used for three primary markets patented components for on-road and off-road EPA compliant exhaust systems, tubing, and related products for natural gas transmission within residential housing and metal hose for general industrial applications. Tru-Flex was founded in 1962 and is based in Indianapolis, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-12 CST Industries

Kansas City, Kansas, United States

CST Industries is a manufacturer and erector of factory coated metal storage tanks. CST's product offering includes bolted and factory welded tanks for use in a wide variety of applications, aluminum geodesic domes, and agricultural feed and waste storage systems. CST Industries was established in 1893 and is based in Kansas City.

Sell -

Seller(S) 2

SELLER

C3 Capital

Kansas City, Missouri, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1994
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

C3 Capital is a private investment firm that provides capital for later-stage growth, strategic acquisitions, ownership transitions, and recapitalizations. The Firm typically invests in the form of subordinated debt or preferred equity and can commit between $3 and $15 million in businesses with at least $2 million of EBITDA. Target sectors include chemicals, plastics, energy, business services, distribution, and high value-added manufacturing. C3 does not seek a controlling interest when pursuing investments. C3 will not invest in real estate, oil/gas exploration, or financial institutions. C3 Capital is based in Kansas City, Missouri.


DEAL STATS #
Overall 12 of 25
Sector (Electrical Equipment) 2 of 3
Type (Secondary Buyout) 4 of 9
State (Wisconsin) 2 of 2
Country (United States) 12 of 25
Year (2016) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-24 Air Waves

Lewis Center, Ohio, United States

Air Waves is a provider of on-demand garment printing and fulfillment services for major online retailers. Air Waves design, source, print, and fulfill private label programs that mitigate inventory risks and maximize revenue. Air Waves was founded in 1983 and is based in Lewis Center, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-19 Lakeview Health

Jacksonville, Florida, United States

Lakeview Health is a private drug and alcohol rehab center that treats patients' bodies, minds, and spirits by using a medical model that combines physiological, psychological, and psychosocial care. Lakeview Health was formed in 2001 and is based in Jacksonville, Florida.

Sell -
DESCRIPTION

Woodlawn Partners, Inc. is a private investment firm focused on acquiring businesses in traditional industries. The Firm targets companies with at least $5 million in revenues and $1 million of EBITDA. Sectors of interest include manufacturing, facility services, information technology, financial services, food/beverages, transportation, and distribution. Woodlawn Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 2
Sector (Electrical Equipment) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Wisconsin) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Venom

Rathdrum, Idaho, United States

Venom is engaged in the design, development, marketing and wholesale distribution of cutting-edge rechargeable batteries, battery management systems (BMS) and related battery charging and maintenance accessories used in the operation of drones, UAVs, robotics, and radio controlled models. Venom was formed in 2001 and is based in Rathdrum, Idaho.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 Truesdell

Tempe, Arizona, United States

Truesdell is a provider of quality repair, restoration, strengthening, protection, and maintenance of concrete structures. Comprehensive services range from assistance with initial diagnosis to final completion. Truesdell has completed more than 7,000 projects on a wide variety of national and international repair projects ranging from high-rise buildings, nuclear power generating plants, airports, residential projects, water treatment facilities, and a sizeable amount of public agency DOT work. Truesdell was founded in 1975 and is based in Tempe, Arizona.

Buy -