M&A Deal Summary

The Walker Group Acquires Garsite

On June 26, 2007, The Walker Group acquired automotive company Garsite from Peninsula Capital Partners

Acquisition Highlights
  • This is The Walker Group’s 1st transaction in the Automotive sector.
  • This is The Walker Group’s 1st transaction in the United States.
  • This is The Walker Group’s 1st transaction in Kansas.
Investment Fate
  • Garsite was sold to a financial buyer in 2019.

M&A Deal Summary

Date 2007-06-26
Target Garsite
Sector Automotive
Buyer(s) The Walker Group
Sellers(s) Peninsula Capital Partners
Deal Type Add-on Acquisition

Target

Garsite

Kansas City, Kansas, United States
Garsite is a manufacturer of vacuum tanks, refined fuel tanks, and aviation refueler trucks. Garsite is based in Kansas City, Kansas.

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Buyer(S) 1

Buyer

The Walker Group

New Lisbon, Wisconsin, United States

Category Company
Sector Manufacturing
DESCRIPTION

The Walker Group is the preeminent North American designer and manufacturer of high-quality, customer-engineered stainless steel and aluminum liquid transportation systems and stationary engineered products.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Kansas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2007 M&A 1 of 1

Seller(S) 1

SELLER

Peninsula Capital Partners

Southfield, Michigan, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1995
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Peninsula Capital Partners is an investment group focused on providing a range of financing solutions to middle-market companies. The Firm is willing to be a minority or control investor and invests across the capital structure. This includes subordinated debt, preferred or common stock. For mezzanine commitments, Peninsula looks to invest $5 to $40 million. For equity transactions, Peninsula looks to invest $2 to $20 million. Peninsula is a generalist investor. Target sectors include manufacturing, industrial service, distribution, consumer products, professional services, retail, applied technology, transportation, food processing and packaging. Peninsula Capital Partners was formed in 1995 and is based in Detroit, Michigan.


DEAL STATS #
Overall 15 of 49
Sector: Automotive M&A 2 of 4
Type: Add-on Acquisition M&A Deals 7 of 23
State: Kansas M&A 1 of 2
Country: United States M&A 15 of 46
Year: 2007 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 DMW Direct

Chesterbrook, Pennsylvania, United States

DMW Direct LLC is a full-service, direct-response, marketing agency. The Company’s clients include insurers, not-for-profit companies, and public television stations. The Company designs custom direct marketing programs to acquire, support and retain customers. The Company offers a complete turnkey approach to direct marketing, including creative, graphical, execution, quality assurance, customer maintenance, enrollment, and many other services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-01 Stampede Presentation Products

Amherst, New York, United States

Stampede Presentation Products, Inc known for its value-added distribution, Stampede is a leading distributor of presentation products including LCD projectors and thin plasma monitors. Stampede provides a complete range of brand name equipment to a variety of audio-video and computer resellers. With more than 20 years of industry experience, the staff at Stampede offers expert knowledge and insight into its dealers and resellers.

Buy -