M&A Deal Summary

The Sterling Group Acquires ROM

On October 1, 2013, private equity firm The Sterling Group acquired manufacturer ROM from Century Park Capital Partners, Prospect Capital Management and Triangle Capital

Acquisition Highlights
  • This is The Sterling Group’s 5th transaction in the Manufacturing sector.
  • This is The Sterling Group’s 20th transaction in the United States.
  • This is The Sterling Group’s 2nd transaction in Missouri.

M&A Deal Summary
Date 2013-10-01
Target ROM
Sector Manufacturing
Buyer(s) The Sterling Group
Sellers(s) Century Park Capital Partners
Prospect Capital Management
Triangle Capital
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co. (Financial)

Target

ROM

Belton, Missouri, United States
ROM Corp. is a manufacturer of products that improve worker productivity and reduce workplace accidents. ROM product solutions are marketed to emergency responders, truck and trailer operators, food and pharmaceutical manufacturers, telecommunication and utility workers, and other specialty vehicle occupations.

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Buyer(S) 1

Buyer

The Sterling Group

Houston, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Sterling Group is a private equity firm focused on acquiring middle-market businesses within basic manufacturing, industrial services, and distribution. Sterling looks for companies valued from $100 to $750 million with positive cash-flow, strong market positions, and potential to grow. Sterling avoids investments in financial services, real estate, healthcare, or information technology companies. The Sterling Group was formed in 1982 and is based in Houston, Texas.

DEAL STATS #
Overall 23 of 49
Sector (Manufacturing) 5 of 7
Type (Secondary Buyout) 6 of 14
State (Missouri) 2 of 2
Country (United States) 20 of 46
Year (2013) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 Specialty Manufacturing

Charlotte, North Carolina, United States

Specialty Manufacturing, Inc. is a provider of of safety components, lighting systems and accessories to the school and transit bus markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-11 Stackpole International

Ancaster, Ontario, Canada

Stackpole International, Inc. is a manufacturer and sole source supplier of highly-engineered oil pumps and powdered metal components to automotive original equipment manufacturers.

Sell -

Seller(S) 3

SELLER

Century Park Capital Partners

El Segundo, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Century Park Capital Partners (CPCP) is a private equity firm that partners with owners and managers to build companies. The Firm targets businesses generating sales of $20 to $100 million and EBITDA of $3 to $15 million. Century Park Capital specializes in facilitating owner liquidity and business expansion through minority and majority recapitalizations, growth financings, management led buyouts, and acquisition financings. CPCP looks to invest $10 to $40 million per transaction. Areas of interest include consumer products, food, education, business services, test/measurement equipment, medical components, pet supplies, packaging, automotive, chemicals, and third party logistics. CPCP was formed in 2000 and is based in Los Angeles with an additional office in Menlo Park, California.

DEAL STATS #
Overall 10 of 16
Sector (Manufacturing) 3 of 3
Type (Secondary Buyout) 6 of 9
State (Missouri) 1 of 1
Country (United States) 10 of 16
Year (2013) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 Specialty Manufacturing

Charlotte, North Carolina, United States

Specialty Manufacturing, Inc. is a provider of of safety components, lighting systems and accessories to the school and transit bus markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-22 Covercraft

Pauls Valley, Oklahoma, United States

Covercraft is a manufacturer of custom-patterned vehicle covers, with a library that includes more than 80,000 distinct automotive patterns. Additional product lines include custom front and rear seat protectors, front-end masks, dashboard covers, floor mats, window heat shields, and pet protection products, among others. Covercraft was founded in 1965 and is based in Pauls Valley, Oklahoma.

Buy -
SELLER

Prospect Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Business Development Company
Founded 1988
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prospect Capital Corporation is a publicly traded mezzanine debt and private equity firm that primarily provides non-control financing to support growth, recapitalizations, acquisitions, and development. Prospect will selectively consider control acquisitions by providing multiple levels of the capital structure. Prospect was initially formed in 1988 and went public 2004. The Firm is based in New York City.

DEAL STATS #
Overall 20 of 48
Sector (Manufacturing) 3 of 5
Type (Secondary Buyout) 10 of 24
State (Missouri) 1 of 1
Country (United States) 20 of 47
Year (2013) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-01 Medical Security Card

Tucson, Arizona, United States

Medical Security Card Co. LLC (dba ScriptSave) is a U.S. unfunded drug benefit market and has saved consumers over $2.5 billion in health care costs. The company provides customized prescription drug benefit solutions for consumers; delivered through retail pharmacies, health insurance companies, employers and PBMs. ScriptSave is headquartered in Tucson, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-26 UniTek Global Services

King of Prussia, Pennsylvania, United States

UniTek Global Services, Inc. is a provider of outsourced infrastructure services for the telecommunications, broadband cable, and satellite television industries in the United States and Canada. The company offers engineering and design services, including the provision of turn-key engineering services to industries that require underground plant construction, aerial infrastructure, and multi-dwelling content delivery; construction services comprising FTTP network design, engineering, construction, and maintenance services to the telecommunications companies and cable companies; and installation services, such as running new drop lines to the premise, set-top box installation, cable modem installation, VOIP setup, upgrading existing customers, custom wiring, disconnections, and equipment pickup.

Sell -
SELLER

Triangle Capital

Raleigh, North Carolina, United States
Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 12 of 71
Sector (Manufacturing) 1 of 2
Type (Secondary Buyout) 4 of 28
State (Missouri) 1 of 2
Country (United States) 12 of 70
Year (2013) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-18 Specialized Desanders

Calgary, Alberta, Canada

Specialized Desanders is a oilfield equipment company that specializes in engineering, assembling, distributing, and servicing patented, high-pressure equipment that efficiently removes sand and other solids during the well flowback and production process. Specialized Desanders has longstanding relationships with top Canadian E&P firms and has been growing rapidly in the U.S. market. The Company was co-founded by Chris Hemstock in 2001 and has built a world-class reputation for technical innovation, reliability, and service. Specialized Desanders was founded in 2001 and is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-15 Media Temple

Culver City, California, United States

Media Temple, Inc. is a web hosting and virtualization service provider based in California that provides businesses worldwide with reliable, professional-class services to host websites, email, business applications, and other rich Internet content.

Sell -
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