M&A Deal Summary

Trex Acquires Staging Concepts

On August 1, 2017, Trex acquired business services company Staging Concepts from Convergent Capital Partners and Blackford Capital

Acquisition Highlights
  • This is Trex’s 1st transaction in the Business Services sector.
  • This is Trex’s 3rd transaction in the United States.
  • This is Trex’s 2nd transaction in Minnesota.

M&A Deal Summary
Date 2017-08-01
Target Staging Concepts
Sector Business Services
Buyer(s) Trex
Sellers(s) Convergent Capital Partners
Blackford Capital
Deal Type Add-on Acquisition

Target

Staging Concepts

Minneapolis, Minnesota, United States
Staging Concepts is a designer, manufacturer, and installer of staging solutions, stadium fixtures, portable stages, platforms, railings, and related equipment. Staging Concepts was founded in 1990 and is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

Trex

Winchester, Virginia, United States
Category Company
Founded 1996
Sector Building Materials
Employees1,765
Revenue 1.1B USD (2023)
DESCRIPTION

Trex is a largest manufacturer of wood-alternative decking and railing products. Trex was founded in 1996 and is based in Winchester, Virginia.

DEAL STATS #
Overall 3 of 3
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Minnesota) 2 of 2
Country (United States) 3 of 3
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-31 SC Company

Brooklyn Park, Minnesota, United States

SC Company is a manufacturer and supplier of custom architectural railings and staging solutions. SC Company is based in Brooklyn Park, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-30 Trex Commercial Products

Minneapolis, Minnesota, United States

Trex Commercial Products is a provider of decorative railing systems. Trex Commercial Products is based in Minneapolis, Minnesota.

Sell -

Seller(S) 2

SELLER

Convergent Capital Partners

Investor Investor Investor

Category Growth Capital Firm
Founded 1999
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Convergent Capital is a private investment firm that provides growth and debenture financing to late-stage growth companies. Convergent prefers to commit $3 to $12 million per transaction in businesses with at least $10 million in revenues. Convergent is a generalist investor and will consider businesses in a wide range of industries. Investment funds are typically used to assist growth, but the firm can also structure investments around buyouts, recapitalizations, consolidations, and add-on acquisitions. Convergent is licensed as a SBIC. Convergent Capital was formed in 1999 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 35 of 42
Sector (Business Services) 8 of 9
Type (Add-on Acquisition) 10 of 13
State (Minnesota) 8 of 9
Country (United States) 35 of 42
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-15 Key Health

Westlake Village, California, United States

Key Health manages a California based radiology and neurodiagnostic provider network that assists the workers' compensation and personal injury segments of the diagnostic services market. Key Health is based in Westlake Village, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-05 Staff One HR

Dallas, Texas, United States

Staff One, Inc. is a provider of human resources including payroll, benefits, workers compensation coverage, retirement plans and other personnel services, allowing business clients to focus on their core competencies.

Sell -
SELLER

Blackford Capital

Grand Rapids, Michigan, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Blackford Capital is a private investment firm that targets mature or growth-oriented manufacturing, distribution, and service companies located in North America. Specific areas of interest include paper; rubber and miscellaneous plastics; stone, clay, and glass products; primary metal industries; fabricated metal products; industrial machinery and equipment; and electronics and other electrical equipment. Blackford prefers situations where management is seeking to retire or exit. The Firm's target revenue range is between $20 and $100 million. Blackford Capital Partners was formed in 2000 and is based in Grand Rapids, Michigan.

DEAL STATS #
Overall 7 of 18
Sector (Business Services) 1 of 3
Type (Add-on Acquisition) 2 of 7
State (Minnesota) 1 of 1
Country (United States) 6 of 17
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-15 Key Health

Westlake Village, California, United States

Key Health manages a California based radiology and neurodiagnostic provider network that assists the workers' compensation and personal injury segments of the diagnostic services market. Key Health is based in Westlake Village, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-12 Supplies Wholesalers

Reno, Nevada, United States

Supplies Wholesalers is a distributor of compatible imaging supplies and accessories, including laser printer toner cartridges, ink cartridges, toner, copier toner, ribbon, and thermal fax consumables. Supplies Wholesalers was founded in 2009 and is based in Reno, Nevada.

Buy -
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