Investment Summary

The Gladstone Companies Exits ACME

On April 26, 2016, private equity firm Graham Partners invested in manufacturer ACME from The Gladstone Companies

Investment Highlights
  • This is Graham Partners’ 6th transaction in the Manufacturing sector.
  • This is Graham Partners’ 32nd transaction in the United States.
  • This is Graham Partners’ 4th transaction in Pennsylvania.
Investment Fate
  • ACME was sold to a publicly-traded strategic buyer in 2021 for 295M USD.

Investment Summary

Date 2016-04-26
Target ACME
Sector Manufacturing
Investor(s) Graham Partners
Sellers(s) The Gladstone Companies
Deal Type Secondary Buyout

Target

ACME

Allentown, Pennsylvania, United States
ACME is a manufacturer of vacuum insulated pipe used in the transmission of gasses that have been liquefied, repairs cryogenic storage tanks, and repairs and manufactures tank trailers used in transporting liquid nitrogen, oxygen, and helium, etc. ACME was established in 1969 and is based in Allentown, Pennsylvania.

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Investor(S) 1

Investor

Graham Partners

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 6.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Graham Partners is a private equity that targets middle market industrial and manufacturing companies. The Firm seeks to invest in businesses based in the US and also consider investments in Canada and Western Europe. Graham Partners focuses on strong growth potential companies with high return on invested capital, led by experienced management teams in revenues between $30 - $500 million and EBITDA between $5 million and $50 million. The firm typically invests between $10 million and $100 million in equity and the balance via debt and can invest higher than $100 million through co-investments. Broad areas of interest include building products, water management, medical products, consumer products, packaged food & beverage, packaging, aerospace/defense, agriculture, capital equipment, energy related products, home and outdoor, sports and leisure, and transportation services. Prospective transaction types include MBOs, recapitalization and growth capital financing. Graham Partners is an affiliate of The Graham Group was formed in 1988 and is based in Newton Square, Pennsylvania.


DEAL STATS #
Overall 34 of 60
Sector: Manufacturing M&A 6 of 8
Type: Secondary Buyout M&A Deals 8 of 12
State: Pennsylvania M&A 4 of 6
Country: United States M&A 32 of 52
Year: 2016 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-09 SP Industries

Warminster, Pennsylvania, United States

SP Industries is a manufacturer of specialty equipment, scientific glassware, and laboratory and lab safety supplies serving the pharmaceutical, biotechnology, educational, industrial, and OEM markets. SP Industries is based in Warminster, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-28 BrightPet

Lisbon, Ohio, United States

BrightPet manufactures premium and super-premium pet foods and international markets. BrightPet's top-of-the-line ingredient options and state-of-the-art American manufacturing operations ensure the quality of every recipe we produce. BrightPet was founded in 2016 and is based in Lisbon, Ohio.

Buy -

Seller(S) 1

SELLER

The Gladstone Companies

Investor Investor Investor Investor Investor


Category Lender
Founded 2001
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Gladstone Companies manages a series of publicly traded investment vehicles and looks to make debt and equity investments in US-based small to middle-market businesses. The Firm focuses on second lien debt, mezzanine debt, secured and unsecured subordinated loans, equity and real estate sale leasebacks. Target investments generally range from $5 to $30 million in companies with over $3 million in EBITDA. Target sectors include manufacturing, industrial products, business and government Services, media, communications, consumer products and services, healthcare services, transportation, specialty chemicals, and energy services. The Gladstone Companies was formed in 2001 and is based in McLean, Virginia.


DEAL STATS #
Overall 4 of 18
Sector: Manufacturing M&A 2 of 4
Type: Secondary Buyout M&A Deals 3 of 8
State: Pennsylvania M&A 2 of 2
Country: United States M&A 4 of 18
Year: 2016 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-29 J.America

Fowlerville, Michigan, United States

J.America, Inc. is a provider of licensed decorated and undecorated apparel and headwear, which is sold to distribution channels, including specialty college and resort retailers, military exchanges, mid-tier and mass retailers, sporting goods stores, farm & fleet retailers, and through wholesale distributors and decorators that service the imprinted sportswear market across the country. J.America was founded in 1992 and is based in Fowlerville, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 Westland Technologies

Modesto, California, United States

Westland Technologies, Inc. designs and manufactures custom-molded rubber parts for vibration and sound dampening, sealing, signature management, thermal insulation, and shock absorption in a range of industrial and defense applications. WTI provides sole-source mission critical technology used on a majority of the U.S. Naval fleet worldwide, including submarines (Virginia Class, Ohio Class, and Los Angeles Class), surface ships (cruisers and destroyers), and aircraft carriers.

Sell -