M&A Deal Summary |
|
|---|---|
| Date | 2023-09-07 |
| Target | Corporate Technologies |
| Sector | Information Technology |
| Buyer(s) |
Tonka Bay Equity Partners
Northstar Capital |
| Sellers(s) | North Central Equity |
| Deal Type | Secondary Buyout |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 560M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Tonka Bay Equity Partners is a Midwest US-based private equity firm that targets control and non-control investments in manufacturing, business services, and value-added distribution companies with at least $2 million of EBITDA. Tonka Bay will consider a variety of transaction situations, including management buyouts, shareholder liquidity events, recapitalizations, and expansions. Tonka Bay Equity Partners was formed in 1998 and is based in Minnetonka, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 32 of 34 |
| Sector: Information Technology M&A | 1 of 1 |
| Type: Secondary Buyout M&A Deals | 5 of 5 |
| State: Minnesota M&A | 11 of 11 |
| Country: United States M&A | 31 of 33 |
| Year: 2023 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-11-30 |
Standard Locknut
Westfield, Indiana, United States Standard Locknut is a manufacturer of specialized bearing accessories and also provides contract machining services. Standard Locknut was founded in 1948 and is based in Westfield, Indiana. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-09 |
United Skin Specialists
Plymouth, Minnesota, United States United Skin Specialists is a provider of practice management services to a variety of well-established dermatology offices. USS’s goal is to enable successful dermatology practices in maintaining and expanding their patient oriented dermatologic services while creating a great work environment for the providers and their support staff. United Skin Specialists was established in 2015 and is based in Plymouth, 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 | 116 of 121 |
| Sector: Information Technology M&A | 4 of 5 |
| Type: Secondary Buyout M&A Deals | 22 of 22 |
| State: Minnesota M&A | 13 of 14 |
| Country: United States M&A | 111 of 116 |
| Year: 2023 M&A | 4 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-04-26 |
Capitol Services
Austin, Texas, United States Capitol Services is a provider of outsourced legal and compliance services to law firms and corporate clients. Capitol Services was founded in 1978 and is based in Austin, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-18 |
Accord
Alsip, Illinois, United States Accord designs and manufactures custom folding cartons for private label and branded consumer goods, primarily serving food and beverage end markets. Food and beverage applications include dry foods, frozen foods, and can and bottle wraps and baskets for beer, seltzer, cocktail, energy drink, and other specialty beverage items. Accord serves global and regional consumer packaged goods companies throughout North America. Accord was founded in 1940 and is based in Alsip, Illinois. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2004 |
| Size | Small |
| Type | Sector Agnostic |
North Central Equity (NCE) is a private holding company focused on acquisitions of small privately held businesses or divisions of public companies. NCE invests in the range of $2 to $6 million per transaction across North America, with a preference for Minnesota-based companies. Target businesses generally have positive cash-flows, recurring revenues, and operate in the business services, manufacturing, and distribution sectors. NCE will not consider opportunities in technology (complex), real estate, restaurants, or retail. North Central Equity was formed in 2004 and is based in Minneapolis.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector: Information Technology M&A | 1 of 1 |
| Type: Secondary Buyout M&A Deals | 2 of 2 |
| State: Minnesota M&A | 2 of 2 |
| Country: United States M&A | 3 of 3 |
| Year: 2023 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-08-06 |
Sunrise Fiberglass
Wyoming, Minnesota, United States Sunrise Fiberglass is a producer of custom fabricated fiberglass components and related assemblies. Sunrise Fiberglass was founded in 1968 and is based in Wyoming, Minnesota. |
Sell | - |
