M&A Deal Summary |
|
|---|---|
| Date | 2020-05-13 |
| Target | PKWARE |
| Sector | Software |
| Buyer(s) |
Thompson Street Capital Partners
Northstar Capital Audax Private Debt |
| Sellers(s) |
Maranon Capital
Novacap |
| Deal Type | Secondary Buyout |
| Advisor(s) | AGC Partners (Financial) |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 2001 |
| PE ASSETS | 2.6B USD |
| Size | Large |
| Type | Sector Agnostic |
Thompson Street Capital Partners is a private equity firm that targets control stakes in profitable, mid-sized North American companies with $5 to $20 million of EBITDA. Thompson Street looks for family businesses, private companies seeking liquidity, corporate divestitures, and public companies going private. Areas of interest include healthcare services, business services, electronics, information technology, and engineered products companies. Thompson Street will not consider investments in start-ups, early stage companies, or real estate. Thompson Street Capital was founded in 2000 and is based in St. Louis, Missouri.
| DEAL STATS | # |
|---|---|
| Overall | 59 of 73 |
| Sector: Software M&A | 9 of 10 |
| Type: Secondary Buyout M&A Deals | 15 of 18 |
| State: Wisconsin M&A | 2 of 2 |
| Country: United States M&A | 59 of 72 |
| Year: 2020 M&A | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-02-24 |
Green Mountain
Memphis, Tennessee, United States Green Mountain provides technology-enabled parcel spend management solutions to help mega-volume parcel shippers optimize their shipping strategies. The company’s highly engaged, strategic delivery model, unique network modeling and re-rating technology position GMT to deliver unparalleled value. Green Mountain was founded in 1999 and is based in Memphis, Tennessee. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-07-27 |
Analytical Lab Group
Eagan, Minnesota, United States Analytical Lab Group is an independent provider of materials and product qualification testing, inspection and certification services to the global Aerospace; Transportation & Industrials; Energy; and Fire & Building Products sectors. Analytical Lab Group was formed in 2006 and is based in Eagan, Minnesota. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 1.7B USD |
| Size | Large |
| Type | Sector Agnostic |
Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 93 of 121 |
| Sector: Software M&A | 2 of 2 |
| Type: Secondary Buyout M&A Deals | 17 of 22 |
| State: Wisconsin M&A | 8 of 9 |
| Country: United States M&A | 89 of 116 |
| Year: 2020 M&A | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-03-03 |
Vectorply
Phenix City, Alabama, United States Vectorply is a developer and manufacturer of high-performance reinforcement fabrics used in composite materials. Vectorply produces a broad range of non-crimp fabrics for use in wind power, industrial, marine, sports/recreation and transportation applications. Approximately 83% of the Company’s sales are derived from fabrics made of glass fibers, with the remainder divided between carbon and aramid fibers. Vectorply’s products provide superior materials solutions when compared to traditional materials (such as steel, wood and concrete) and to earlier generations of woven composite reinforcement fabrics. Vectorply was founded in 1992 and is based in Phenix City, Alabama. |
Sell | $155M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-07-22 |
Online Labels
Sanford, Florida, United States Online Labels provides a full suite of custom printed pressure sensitive, shrink sleeve, flexible packaging, and blank labels on sheets and rolls to small businesses, consumers, and middle-market brands via enterprise relationships and a direct-to-consumer e-commerce platform. Online Labels provides labeling solutions for consumer products such as food, health and beauty, and nutritional supplements, as well as numerous other products requiring primarily pressure sensitive labels. Online Labels was founded in 1980 and is based in Sanford, Florida. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 5.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies with EBITDA between $10 and $100 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations. Audax Private Debt is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 67 of 120 |
| Sector: Software M&A | 3 of 8 |
| Type: Secondary Buyout M&A Deals | 30 of 58 |
| State: Wisconsin M&A | 3 of 4 |
| Country: United States M&A | 66 of 118 |
| Year: 2020 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-02-19 |
ScentAir
Charlotte, North Carolina, United States ScentAir is a provider of scent marketing solutions to many brands around the world. ScentAir offers 700+ scents as well as customized fragrances to help customers build brand identity and improve customer experiences. ScentAir was founded in 1994 and is based in Charlotte, North Carolina. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-06-05 |
Crom
Gainesville, Florida, United States Crom is a provider of pre-stressed concrete water tank design and construction services to water and wastewater customers, primarily in the southeastern United States and select international locations. Crom has built more than 4,000 tanks for municipalities and private sector customers. With tank capacities ranging from a few hundred thousand gallons to several million gallons, crom tanks are suitable for diverse function,s including potable and reuse water storage, wastewater treatment, thermal storage, flow equalization, and industrial storage and treatment. Crom was founded in 1953 and is based in Gainesville, Florida. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2007 |
| PE ASSETS | 4.0B USD |
| Size | Large |
| Type | Sector Agnostic |
Maranon Capital is an investment firm that provides senior financing, mezzanine debt and equity co-investments for private equity backed and non-sponsored middle-market companies. Maranon seeks investments in financially healthy businesses with stable cash flows, diverse customers, and strong management. Areas of interest include business services, healthcare services, distribution, manufacturing and consumer products/services. Funds typically support acquisitions, recapitalizations, refinancings, consolidations, ESOPs and growth capital needs. Maranon Capital was formed in 2007 and is based in Chicago, Illinois. In 2019, Maranon Capital was acquired by asset management firm Eldrige.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 22 |
| Sector: Software M&A | 2 of 2 |
| Type: Secondary Buyout M&A Deals | 12 of 15 |
| State: Wisconsin M&A | 2 of 2 |
| Country: United States M&A | 18 of 22 |
| Year: 2020 M&A | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-02-12 |
Kronos Foods
Glendale Heights, Illinois, United States Kronos Foods is a manufacturer of gyros meat, pita bread, baklava, and other Mediterranean foods and a specialty foodservice distributor to local retail outlets as well as to restaurants, hospitals, businesses, schools, and universities. Kronos Foods was founded in 1975 and is based in Glendale Heights, Illinois. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-06-29 |
GPRS
Maumee, Ohio, United States GPRS is a provider of private utility locating and concrete scanning services to utilities, contractors, engineering firms, and environmental consultants in every major market in the United States. GPRS was founded in 2001 and is based in Maumee, Ohio. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 8.0B CAD |
| Size | Mega |
| Type | Sector Agnostic |
Novacap is a large private equity firm focused on middle-market company acquisitions in Canada. Novacap pursues companies with $30 to $500 million in sales and will consider transactions valued up to $500 million. Target transaction situations include partial or full buyouts, spin-offs, take privates, recapitalizations, and growth capital financings. Novacap will consider opportunities in basic industries as well as high-growth tech sectors. Novacap was formed in 1981 and has offices in Toronto and Montreal.
| DEAL STATS | # |
|---|---|
| Overall | 19 of 30 |
| Sector: Software M&A | 3 of 3 |
| Type: Secondary Buyout M&A Deals | 8 of 12 |
| State: Wisconsin M&A | 1 of 1 |
| Country: United States M&A | 7 of 10 |
| Year: 2020 M&A | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-23 |
Intelerad
Montreal, Quebec, Canada Intelerad is a medical imaging software provider that specialises in diagnostic viewing, reporting, and collaboration solutions. Intelerad was founded in 1999 and is based in Montreal, Quebec. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-08-06 |
FortNine
Montreal, Quebec, Canada FortNine is an e-commerce platform for motorcycle, dirt bike, ATV, snowmobile and other powersports gear, accessories and parts. FortNine was founded in 2009 and is based in Montreal, Quebec. |
Buy | - |
