M&A Deal Summary

Trilantic North America Acquires MacLean Power Systems

On October 31, 2010, private equity firm Trilantic North America acquired electrical equipment company MacLean Power Systems from Windjammer Capital and Nicolet Capital Partners

Acquisition Highlights
  • This is Trilantic North America’s 1st transaction in the Electrical Equipment sector.
  • This is Trilantic North America’s 12th transaction in the United States.
  • This is Trilantic North America’s 1st transaction in South Carolina.
Investment Fate
  • MacLean Power Systems was sold to a consortium of buyers in 2022.

M&A Deal Summary

Date 2010-10-31
Target MacLean Power Systems
Sector Electrical Equipment
Buyer(s) Trilantic North America
Sellers(s) Windjammer Capital
Nicolet Capital Partners
Deal Type Recapitalization

Target

MacLean Power Systems

Fort Mill, South Carolina, United States
MacLean Power Systems is a manufacturer of products used by utilities for building transmission and distribution lines and substations. MPS product families include hardware and connection products as well as insulation and protection products. MacLean Power Systems was founded in 1925 and is based in Fort Mill, South Carolina.

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Buyer(S) 1

Buyer

Trilantic North America

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 9.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trilantic North America is a mega-sized private equity firm focused on opportunities throughout North America. Trilantic generally invests in large businesses with 'strong market positions, unique franchises, secure and growing market niches or distinctive products and services that command premium prices'. Sectors of interest include business services, consumer, energy, and financial services. The Firm's target investment size is $50 to $300 million in companies valued up to $1 billion. Transaction situations of interest include management buyouts, recapitalizations, growth capital financings, divestitures, new platforms, and generational transfers. Trilantic North America was formed in 2009 through the spin-off of Lehman Brothers' private equity business. The Firm is based in New York City.


DEAL STATS #
Overall 12 of 55
Sector: Electrical Equipment M&A 1 of 3
Type: Recapitalization M&A Deals 1 of 4
State: South Carolina M&A 1 of 1
Country: United States M&A 12 of 53
Year: 2010 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-24 Fortitech

Schenectady, New York, United States

Founded in 1986, Fortitech, Inc. is the world leader in the development of custom nutrient premixes for the food, beverage and pharmaceutical industries, integrating functional ingredients from a comprehensive selection of vitamins, minerals, amino acids, nucleotides and nutraceuticals. Fortitech is ISO 9001:2008 certified, with a stringent Allergen Monitoring Program and meets GMA-safe, cGMP, GMO-free, HACCP, Organic, Kosher and Halal standards. Headquartered in Schenectady, N.Y., the company has a global network of manufacturing and distribution facilities, throughout Europe, Asia Pacific, South America, Mexico and the United States (New York and California).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-10 Enduring Resources

Denver, Colorado, United States

Enduring Resources LLC acquires, exploits, explores for and develops natural gas and oil in the Rocky Mountain and Mid-Continent regions of the U.S.

Sell -

Seller(S) 2

SELLER

Windjammer Capital

Newport Beach, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1990
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Windjammer Capital is a private investment firm that invests control equity, minority equity, and/or subordinated debt in growing middle-market businesses. The Firm seeks to invest between $50 and $200 million of equity or subordinated debt in companies that generate at least $8 million of EBITDA. Windjammer focuses on North American-based opportunities and prefers companies with scalable business models, differentiated products/services, and that operate in defensible markets. Broad sectors of interest include manufacturing, business services and value-added distribution. Windjammer does not invest in high technology, real estate, and financial services companies. Windjammer Capital was formed in 1990 and has offices in Waltham, Massachusetts and Newport Beach, California.


DEAL STATS #
Overall 14 of 27
Sector: Electrical Equipment M&A 1 of 2
Type: Recapitalization M&A Deals 1 of 1
State: South Carolina M&A 1 of 1
Country: United States M&A 14 of 27
Year: 2010 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-13 S.T. Specialty Foods

Brooklyn Park, Minnesota, United States

S.T. Specialty Foods, Inc. is a manufacturer of private label and store branded, dry shelf-stable dinners, which include macaroni and cheese dinners, add-meat skillet dinners, rice dinners, and meatless side dishes. S.T. sells products to food retailers and wholesalers, and has leveraged its leadership in private label macaroni and cheese into a rapidly growing position in the dry-dinner category.

Sell $180M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-01 Caplugs

Buffalo, New York, United States

Caplugs is a designer, manufacturer and marketer of injection-molded plastic and vinyl protection products. Caplugs has six manufacturing processes, including injection molding, vinyl-dip molding, vinyl coating, extrusion, compression molding, and die-cutting that offer customers a wide range of options and bring value as a long-term partner. Caplugs has ten global manufacturing facilities in New York, Pennsylvania, California, Texas, Holland, Belgium, Australia, Canada, and China. Caplugs was founded in 1948 and is headquartered in Buffalo, New York.

Buy -
SELLER

Nicolet Capital Partners

Evanston, Illinois, United States

Category Private Equity Firm
Founded 2005
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Nicolet Capital Partners LLC is a private equity firm that invests in established companies headquartered in the US. Nicolet focuses on companies with distinct and sustainable market positions, revenues between $30 - $300 and EBITDA greater than $7 million. The Firm provides both debt and equity capital. Nicolet will consider minority and majority positions and looks to invest $15 to $50 million per transaction. Specific areas of interest include manufacturing, distribution, business services and consumer products. The Firm will consider a variety of transaction types, including buyouts, growth capital financings, and recapitalizations. Nicolet Capital Partners LLC is formed 2005 and is based in Evanston, Illinois.


DEAL STATS #
Overall 4 of 7
Sector: Electrical Equipment M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 1
State: South Carolina M&A 1 of 1
Country: United States M&A 4 of 7
Year: 2010 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-24 Ohio Community Media

Tipp City, Ohio, United States

Ohio Community Media LLC is a community newspaper business that operates numerous paid daily and weekly papers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-16 InterFlex Group

Wilkesboro, North Carolina, United States

InterFlex Group is a provider of flexible packaging solutions to sophisticated global consumer product customers. It offers a service-focused flexible packaging converter, providing value-added printing, waxing and lamination services for food and packaged goods applications on a just-in-time basis. InterFlex Group was founded in 1975 and is based in Wilkesboro, North Carolina.

Buy -