Growth Capital • Retail

The Walnut Group and LongueVue Capital Invest In Work N Gear

On October 16, 2003, The Walnut Group and private equity firm LongueVue Capital invested in retailer Work N Gear

Investment Context
  • This is The Walnut Group’s 1st and LongueVue Capital’s 1st transaction in the Retail sector.
  • This is The Walnut Group’s 3rd and LongueVue Capital’s 3rd transaction in the United States.
  • This is The Walnut Group’s 1st and LongueVue Capital’s 1st transaction in Massachusetts.

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Investment Summary

Date October 16, 2003
Target Work N Gear
Sector Retail
Investor(s) The Walnut Group
LongueVue Capital
Deal Type Growth Capital

Target Company

Work N Gear

Quincy, Massachusetts, United States
Work 'N Gear LLC is a specialty retailer of healthcare and blue-collar worker apparel found throughout the Northeast and Midwest. Work 'N Gear was founded in 2002 and is based in Quincy, Massachusetts.
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Investors Overview 2

Investor

The Walnut Group

Cincinnati, Ohio, United States

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

The Walnut Group was a private equity firm that made investments across a broad range of industry sectors. Sectors of interest included retail, consumer products, media, communications, consumer services, business services, manufacturing, real estate, entertainment, restaurants, and defense. The Walnut Group sought investments in privately held companies seeking to accelerate growth, corporate divestitures, late stage high-potential ventures which have not yet achieved significant levels of earnings or cash flow, or family-owned companies seeking to recapitalize. The Walnut Group was based in Cincinnati, Ohio.


Deal Context for Investor #
Overall 3 of 9
Sector: Retail 1 of 1
Type: Growth Capital 1 of 3
State: Massachusetts 1 of 1
Country: United States 3 of 9
Year: 2003 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 Peco Pallet

Itasca, Illinois, United States

Peco Pallet engages in transportation and logistics services in North America. Peco Pallet owns a pool of approximately 20 million wood block pallets that primarily serve food and beverage manufacturers in shipping their goods in a cost-effective manner. Peco Pallet was established in 1997 and is based in Itasca, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-06 The O Gara Group

Cincinnati, Ohio, United States

The O'Gara Group is a provider of global security and defense products and services for use in counter-terrorism and operates through three groups, Training and Services, Mobile Systems and Sensor Systems. The O'Gara Group was founded in 2003 and is based in Cincinnati, Ohio.

Buy -
Investor

LongueVue Capital

Metairie, Louisiana, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LongueVue Capital is a private equity company that targets profitable, small to mid-sized companies generating up to $150 million of revenue. LongueVue will consider a variety of investment situations, including corporate divestitures and buyouts, recapitalization/acquisitions of family owned businesses with transition challenges, and turnarounds. LongueVue Capital was formed in 2001 and is based in Metairie, Louisiana.


Deal Context for Investor #
Overall 3 of 32
Sector: Retail 1 of 1
Type: Growth Capital 1 of 17
State: Massachusetts 1 of 1
Country: United States 3 of 32
Year: 2003 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Ardent Services

Covington, Louisiana, United States

Ardent Services LLC is a provider of electrical and instrumentation services to hydrocarbon processing plants, offshore oil and gas production platforms, offshore drilling rigs, midstream natural gas infrastructure and industrial process plants.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Advanced Metering Data Systems

Covington, Louisiana, United States

Headquartered in New Orleans, Louisiana, AMDS is a remote utility meter monitoring and wireless connectivity company. AMDS provides automatic meter reading technology and monitoring services to electric, gas and water utilities using patented technology and a dedicated, FCC-licensed fixed wireless network. The company's products and services allow its utility company customers to have real-time access to their customers' meters. Among its many advantages, remote meter reading saves money for utilities because it increases accuracy of bills, replaces the time consuming and labor intensive process of manually reading meters, allows for remote shut off and turn on of meters and enables utilities to load shed during peak usage periods.

Buy -