M&A Deal Summary

The CapStreet Group and Ridgemont Equity Partners Acquire Allredi

On January 1, 2014, private equity firms The CapStreet Group and Ridgemont Equity Partners acquired distribution company Allredi

Acquisition Highlights
  • This is The CapStreet Group’s 6th and Ridgemont Equity Partners’ 6th transaction in the Distribution sector.
  • This is The CapStreet Group’s 21st and Ridgemont Equity Partners’ 74th transaction in the United States.
  • This is The CapStreet Group’s 17th and Ridgemont Equity Partners’ 20th transaction in Texas.

M&A Deal Summary

Date 2014-01-01
Target Allredi
Sector Distribution
Buyer(s) The CapStreet Group
Ridgemont Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Allredi

Pasadena, Texas, United States
Allredi is a North American distributor of surface preparation, abrasives, and safety products to industrial contractors primarily in the industrial, infrastructure, and downstream energy sectors. Allredi was founded in 1944 and is based in Pasadena, Texas.

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Buyer(S) 2

Buyer

The CapStreet Group

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 650M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

The CapStreet Group is a private equity firm that primarily invests in businesses that were previously owned by entrepreneurs, families or other non-institutional investors. CapStreet typically looks for control investment situations, and has a preference for businesses located in the Southwest US. CapStreet typically invests between $10 million and $25 million of equity in companies valued less than $150 million. The CapStreet Group was formed in 1990 and is based in Houston, Texas.


DEAL STATS #
Overall 21 of 38
Sector (Distribution) 6 of 6
Type (Buyout (LBO, MBO, MBI)) 10 of 14
State (Texas) 17 of 27
Country (United States) 21 of 38
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-11 T.F. Hudgins

Houston, Texas, United States

T.F. Hudgins, Inc. provides a portfolio of engineered products and services that improve the reliability of high-value equipment. Primary end-markets include midstream oil & gas, petrochemical, refining, and other industrial process industries. T.F. Hudgins was established in 1947 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-11 Red Aviation

Addison, Texas, United States

Red Aviation provides procurement, sale, repair and maintenance of aftermarket business jet parts, engines, and avionics systems. Red Aviation was established in 2001 and is based in Addison, Texas.

Buy -
Buyer

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 88 of 133
Sector (Distribution) 6 of 12
Type (Buyout (LBO, MBO, MBI)) 43 of 58
State (Texas) 20 of 32
Country (United States) 74 of 118
Year (2014) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-18 Veda Group

Sydney, Australia

Veda Group Ltd. is a provider of credit information and analysis in Australia and New Zealand. Veda delivers a suite of credit and other analytical products targeted to specific industry segments.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-21 Wilton Re Holdings

Norwalk, Connecticut, United States

Wilton Re Holdings Limited provides traditional life reinsurance and insurance Run Off Solutions through its wholly owned operating subsidiaries, Wilton Reassurance Company, Wilton Reinsurance Bermuda Limited, and Wilton Reassurance Life Company of New York.

Sell $1.8B