M&A Deal Summary

Thule Group Acquires Case Logic Wireless

On May 1, 2007, Thule Group acquired technology hardware company Case Logic Wireless from American Capital, L Catterton Partners and KRG Capital Partners

Acquisition Highlights
  • This is Thule Group’s 1st transaction in the Technology Hardware sector.
  • This is Thule Group’s 2nd transaction in the United States.
  • This is Thule Group’s 1st transaction in Colorado.

M&A Deal Summary

Date 2007-05-01
Target Case Logic Wireless
Sector Technology Hardware
Buyer(s) Thule Group
Sellers(s) American Capital
L Catterton Partners
KRG Capital Partners
Deal Type Add-on Acquisition

Target

Case Logic Wireless

Longmont, Colorado, United States
Case Logic Wireless, Inc. is a designer and marketer of storage products and accessories for the audio, computer, photo/video, DVD, automotive and recreational markets.

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Buyer(S) 1

Buyer

Thule Group

Malmo, Sweden

Category Company
Founded 1942
Sector Consumer Products
Employees2,644
Revenue 9.1B SEK (2023)
DESCRIPTION
Thule Group facility in Longmont, Colorado.
Thule Group facility in Longmont, Colorado.

The Thule Group is designs, produces, and markets a variety of products and brands that make it easy for people to transport their equipment securely and safely. The Thule Group was formed in 1942 and is based in Malmo, Sweden.


DEAL STATS #
Overall 2 of 6
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 2 of 6
State (Colorado) 1 of 1
Country (United States) 2 of 4
Year (2007) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-20 C&C Distributors

Newport, Arkansas, United States

C&C Distributors, Inc. is a manufacturer of recreational trailers for transporting cargo, snowmobiles, and other recreational equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-06 United Welding Services

Perry, Florida, United States

United Welding Services, Inc. is a manufacturer of welded aluminum tool boxes, draw slides, step bars and transfer tanks.

Buy -

Seller(S) 3

SELLER

American Capital


Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.


DEAL STATS #
Overall 64 of 194
Sector (Technology Hardware) 3 of 3
Type (Add-on Acquisition) 35 of 87
State (Colorado) 3 of 4
Country (United States) 63 of 186
Year (2007) 7 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-01 Erickson Construction

Chandler, Arizona, United States

Erickson Construction Co., Inc. is a construction services and pre-fabricated building products company. It provides turnkey framing services, framing packages, trusses, and other products to builders and developers. Erickson Construction Co., Inc. was founded in 1975 and is based in Chandler, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-14 TransFirst

Hauppauge, New York, United States

TransFirst LLC is a provider of secure transaction processing services and payment enabling technologies.

Sell $683M
SELLER

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 11 of 101
Sector (Technology Hardware) 1 of 3
Type (Add-on Acquisition) 3 of 45
State (Colorado) 1 of 6
Country (United States) 11 of 75
Year (2007) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-27 Monosol

Merrillville, Indiana, United States

Monosol LLC is a manufacturer and marketer of polyvinyl alcohol ("poval") film.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 Healthy Pet

Shelton, Connecticut, United States

Healthy Pet Corp. is an operator of veterinary hospitals in the eastern United States.

Sell $153M
SELLER

KRG Capital Partners

Denver, Colorado, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 4.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

KRG Capital Partners is a private equity investment firm focused on acquiring controlling interests in middle-market companies. Prospective transaction situations include owner recapitalizations, management buyouts of private companies, mangement buyouts of corporate divisions, outright purchases, and family successions. Target companies typically generate sales of $35 to $400 million and EBITDA of $10 to $100 million. Sectors of interest include healthcare services, medical technology and life sciences; business services and distribution; construction materials and services; transportation services; marketing; specialty finance and insurance; aerospace, defense, and government services; energy services and products; and infrastructure. KRG primarily looks for opportunities located in the US and Canada but will selectively consider investments in Western Europe. KRG was formed in 1996 and is based in Denver, Colorado with additional offices in Mill Valley, California and Las Vegas, Nevada.


DEAL STATS #
Overall 17 of 41
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 11 of 21
State (Colorado) 4 of 4
Country (United States) 17 of 40
Year (2007) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Avizent

Dublin, Ohio, United States

Avizent is a regional service providers to the self-insured and high deductible workers’ compensation, GL/PL, auto and other liability markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-05 Varel Energy Solutions

Houston, Texas, United States

Varel Energy Solutions is a manufacturer and supplier of high-quality roller cone and fixed cutter drill bits. The company's proprietary design capabilities, efficient manufacturing, and global sales force uniquely position to provide drill bits that deliver outstanding performance and value to customers. VIES is comprised of three business units: Varel Oil & Gas Drill Bits, Varel Mining, and Downhole Products. Varel Energy Solutions was founded in 1947 and is based in Houston, Texas.

Sell $369M