M&A Deal Summary

The Recreational Group Acquires Controlled Products

On January 13, 2022, The Recreational Group acquired consumer products company Controlled Products from Sentinel Capital Partners

Acquisition Highlights
  • This is The Recreational Group’s 2nd transaction in the Consumer Products sector.
  • This is The Recreational Group’s 7th transaction in the United States.
  • This is The Recreational Group’s 4th transaction in Georgia.

M&A Deal Summary
Date 2022-01-13
Target Controlled Products
Sector Consumer Products
Buyer(s) The Recreational Group
Sellers(s) Sentinel Capital Partners
Deal Type Merger

Target

Controlled Products

Dalton, Georgia, United States
Controlled Products is a manufacturer and distributor of premium quality synthetic turf for sports, training, landscape, leisure, and specialty applications. Controlled products are sold to a national network of dealers and installers under Controlled Products’ highly recognizable brand names, SporTurf, GrassTex, and Synthetic Turf International. Controlled also delivers a broad array of turf products to original equipment manufacturers and large regional installation companies under private label arrangements. Controlled Products is based in Dalton, Georgia.

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Buyer(S) 1

Buyer

The Recreational Group

Dalton, Georgia, United States
Category Company
Founded 2016
Sector Manufacturing
DESCRIPTION

The Recreational Group is a designer, manufacturer, and installer of premium recreational surfacing products including synthetic turf and recreational tile. The company's vertically integrated manufacturing capabilities include a diversified product and services offering that is supported by a best-in-class customer experience. Recreational Group was founded in 2016 and is based in Dalton, Georgia.

DEAL STATS #
Overall 7 of 7
Sector (Consumer Products) 2 of 2
Type (Merger) 1 of 1
State (Georgia) 4 of 4
Country (United States) 7 of 7
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-20 Turf Factory Direct

Resaca, Georgia, United States

Turf Factory Direct is a distributor of artificial turf for all applications, including landscape and sports applications for both residential and commercial uses. Turf Factory Direct was founded in 2010 and is based in Resaca, Georgia.

Buy -

Seller(S) 1

SELLER

Sentinel Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 11.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $400 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York, New York.

DEAL STATS #
Overall 64 of 69
Sector (Consumer Products) 6 of 6
Type (Merger) 4 of 5
State (Georgia) 3 of 3
Country (United States) 58 of 62
Year (2022) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-27 TTG Imaging Solutions

Pittsburgh, Pennsylvania, United States

TTG Imaging Solutions is a provider of end-to-end comprehensive services including imaging equipment sales (new and refurbished), equipment service and repair, and imaging administration (technician staffing, radiopharmaceutical supply) for nuclear, echo, and vascular cardiac systems. TTG Imaging Solutions is based in Pittsburgh, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-02 American West Restaurant Group

Orange, California, United States

American West Restaurant Group is a Pizza Hut franchisee in California. American West Restaurant Group operates 221 Pizza Hut quick service restaurants ("QSRs") in greater Los Angeles across five contiguous counties: central Los Angeles, Riverside, San Bernardino, Ventura, and North Orange County. American West Restaurant Group is based in Orange, California.

Buy -
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