M&A Deal Summary |
|
|---|---|
| Date | 2022-03-02 |
| Target | West Star Aviation |
| Sector | Aerospace |
| Buyer(s) | The Sterling Group |
| Sellers(s) |
Norwest Equity Partners
Antares Capital NMP Capital |
| Deal Type | Secondary Buyout |
| Advisor(s) | Harris Williams & Co. (Financial) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1982 |
| PE ASSETS | 2.1B USD |
| Size | Large |
| Type | Sector Agnostic |
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 | 46 of 49 |
| Sector (Aerospace) | 2 of 2 |
| Type (Secondary Buyout) | 13 of 14 |
| State (Illinois) | 2 of 2 |
| Country (United States) | 43 of 46 |
| Year (2022) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-12-03 |
Time Manufacturing
Waco, Texas, United States Time Manufacturing is a global manufacturer of bucket trucks, digger derricks, cable placers, truck bodies, buckets, and other specialty equipment for the electric utility, telecommunications infrastructure, bridge inspection, tree care, and other fleet-supported industries. Selling via the Versalift, BrandFX, Aspen Aerials, Ruthmann, Steiger, Ecoline and Bluelift brands. Time Manufacturing was founded in 1965 and is based in Waco, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-07-07 |
Ergotron
St. Paul, Minnesota, United States Ergotron is a global company focused on improving how people work, learn, play and care for others. Ergotron was founded in 1982 and is based in St. Paul, Minnesota. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1961 |
| PE ASSETS | 7.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $50 and $500 million, typically investing $50 to $250 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 48 of 54 |
| Sector (Aerospace) | 1 of 1 |
| Type (Secondary Buyout) | 22 of 24 |
| State (Illinois) | 5 of 5 |
| Country (United States) | 47 of 52 |
| Year (2022) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-01 |
GoHealth
Chicago, Illinois, United States GoHealth is a health insurance marketplace whose mission is to improve access to healthcare in America. The Company's technology platform leverages modern machine-learning algorithms powered by nearly two decades of insurance behavioral data to reimagine the optimal process for helping individuals find the best health insurance plan for their specific needs. GoHealth was founded in 2001 and is based in Chicago, Illinois. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-07-01 |
Twitchell
Dothan, Alabama, United States Twitchell is a manufacturer of fabrics and yarns for outdoor furniture. Twitchell produces custom specialty technical fibers, fabrics and engineered films to meet exacting performance and design requirements that are inputs in a diverse set of end products. Twitchell was founded in 1922 and is based in Dothan, Alabama. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| Size | Small |
| Type | Sector Agnostic |
Antares Capital is a private investment group that targets growth capital financings as well as management buyout opportunities. The Firm focuses on investments based in the Southeast US and Texas. Prospective companies generally have proven business models, modest capital requirements for growth, and operate in large and growing markets. The Firm looks to commit $500k to $5 million per investment. Antares will not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Antares was founded in 1993 and is based in Miami, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 40 of 44 |
| Sector (Aerospace) | 1 of 1 |
| Type (Secondary Buyout) | 13 of 13 |
| State (Illinois) | 2 of 3 |
| Country (United States) | 39 of 43 |
| Year (2022) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-23 |
Race Winning Brands
Mentor, Ohio, United States Race Winning Brands is a designer, manufacturer, and distributor of branded automotive aftermarket and powersports aftermarket products for enthusiast and racing consumers. RWB consists of a 12-brand portfolio of high-performance aftermarket product categories, with applications across a diverse group of automotive and powersports vehicle segments. According to industry research, the enthusiast powersport segment has seen annualized growth of 10-15 percent over the last 18 months with forecasted growth of six to eight percent over the next 12 months. Racing Winning Brands is based in Mentor, Ohio. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-31 |
OMEGA Environmental Technologies
Irving, Texas, United States OMEGA Environmental Technologies is an aftermarket distributor of climate control products and other mission-critical components across the light and heavy-duty automotive sectors. OMEGA Environmental Technologies was founded in 1989 and is based in Irving, Texas. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 4.0B USD |
| Size | Large |
| Type | Sector Agnostic |
NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 50 of 53 |
| Sector (Aerospace) | 2 of 2 |
| Type (Secondary Buyout) | 21 of 21 |
| State (Illinois) | 5 of 5 |
| Country (United States) | 48 of 51 |
| Year (2022) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-17 |
Monroe Truck Equipment
Monroe, Wisconsin, United States Monroe Truck Equipment specializes in the design, manufacture, distribution, and installation/upfitting of specialized truck equipment for the municipal and commercial markets. Monroe Truck Equipment was founded in 1986 and is based in Monroe, Wisconsin. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-15 |
McIntosh Group
New York, New York, United States McIntosh Group is a developer of high-performance audio equipment controlling McIntosh, Audio Research, Sonus Faber and Wadia brands. McIntosh Group is based in New York, New York. |
Buy | - |
