M&A Deal Summary

TriMark Acquires Strategic Equipment and Supply

On March 29, 2013, TriMark acquired machinery company Strategic Equipment and Supply from Brazos Private Equity Partners, Highlander Partners and Onex Falcon

Acquisition Highlights
  • This is TriMark’s 1st transaction in the Machinery sector.
  • This is TriMark’s 3rd transaction in the United States.
  • This is TriMark’s 1st transaction in Texas.

M&A Deal Summary

Date 2013-03-29
Target Strategic Equipment and Supply
Sector Machinery
Buyer(s) TriMark
Sellers(s) Brazos Private Equity Partners
Highlander Partners
Onex Falcon
Deal Type Add-on Acquisition

Target

Strategic Equipment and Supply

Irving, Texas, United States
Strategic Equipment and Supply Company is a full-service provider of food service equipment and supply. The Company provides turnkey solutions, including: computer-aided design and layout; store remodeling; and installation, financing, and fabrication of initial and replenishment equipment and supply packages.

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Buyer(S) 1

Buyer

TriMark

South Attleboro, Massachusetts, United States

Category Company
Founded 1998
Sector Distribution
DESCRIPTION

TriMark is a full service distributor of food service equipment and supplies and a provider of design and engineering services to over 10,000 customers nationwide, including restaurant, healthcare, entertainment, and other food service venues and facilities. TriMark USA, Inc. was established in 1998 and is based in South Attleboro, Massachusetts.


DEAL STATS #
Overall 3 of 4
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Texas) 1 of 1
Country (United States) 3 of 4
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-05 S. S. Kemp

Cleveland, Ohio, United States

S. S. Kemp & Co., Inc. is a provider of food service equipment and supplies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-06 Adams-Burch

Landover, Maryland, United States

Adams-Burch, Inc. is a wholesale distributor of food service equipment and supplies to commercial end-users.

Buy -

Seller(S) 3

SELLER

Brazos Private Equity Partners

Dallas, Texas, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Brazos Private Equity Partners is a private investment firm that specializes in recapitalizations of family owned businesses, CEO led buy-and-build situations, non-core divestitures, and small cap take privates. Target companies generally have growing free cash-flow, sustainable competitive advantages, and a leading market position. Brazos looks to invest up to $100 million in companies with annual revenues between $25 and $250 million. Brazos primarily invests in consumer and business services, consumer products, restaurants and specialty retail, distribution, healthcare services, financial services, insurance, and manufacturing. Brazos targets opportunities located throughout the United States, with a particular emphasis on Texas and the Southwest US. Brazos was formed in 1999 and is based in Dallas, Texas.


DEAL STATS #
Overall 16 of 25
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 7 of 10
State (Texas) 8 of 10
Country (United States) 16 of 25
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-05 Tri-Ed Distribution

Woodbury, New York, United States

Tri-Ed is an independent distributor of security and low-voltage technology product. Tri-Ed serves four major segments of the security business including video, access control, intrusion detection and fire/life safety, and provides approximately 110,000 products to over 20,000 active dealer and integrator customers. The company employs over 600 people across 63 locations in the US and Canada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-02 European Wax Center

Plano, Texas, United States

European Wax Center offers guests a full suite of waxing services, as well as a proprietary line of beauty products in the skincare, body, and brow categories. It is a franchisee with 14 locations across the New York and Massachusetts markets. European Wax Center was founded in 2004 and is based in Plano, Texas.

Buy -
SELLER

Highlander Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Highlander Partners LP is a private equity firm focuses on making both direct private equity and mezzanine investments in companies located in US and Europe. The firm seeks to target to invest in small and mid-size private companies with strong management teams, fundamentally strong operations and positive cash flows. HP looks to invest $10 to $50 million as an equity and $10 to $25 million in mezzanine financing in companies with revenues of $10 to $500 million and enterprise value up to $100 million. Specific areas of interest include manufacturing, food, healthcare products and services, and healthcare IT, retail and building materials. Types of transaction include buyouts, growth capital, divestitures, consolidation and recapitalization. Highlander Partners LP was formed in 2004 and is based in Dallas, Texas with additional office in Warszawa, Poland.


DEAL STATS #
Overall 3 of 31
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 2 of 20
State (Texas) 2 of 7
Country (United States) 3 of 22
Year (2013) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-07 Custom Windows & Doors

Ocala, Florida, United States

Custom Window Systems, Inc. is a designer and manufacturer of windows, doors, and porch enclosure products in the southeastern United States. CWS offers a full range of aluminum impact-resistant windows and doors, aluminum and vinyl non-impact windows and doors, and porch enclosure products. Custom Window Systems, Inc. was founded in 1986 and is based in Ocala, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-01 Eagle Hospital Physicians

Dallas, Texas, United States

Eagle Hospital Physicians LLC is an independent, physician-led company that focuses on developing and managing hospitalist practices for its hospital partners. Eagle Hospital Physicians is a leading practice management company providing hospitalist contract services, tele medicine and hospitalist temporary staffing. We organize and manage an outpatient clinic to support our physicians’ and hospital’s commitment to our community.

Sell -
SELLER

Onex Falcon

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Onex Falcon is a mezzanine finance firm that provides junior capital for North American businesses. Falcon looks to provide $30 to $150 million of subordinated debt to companies with EBITDA of at least $10 million. Falcon has no specific industry focus. Investment proceeds are typically used to support LBOs/MBOs, growth and acquisition financings, restructuring, recapitalizations, take privates, and generational ownership transfers. Onex Falcon was formed in 2000 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 13 of 35
Sector (Machinery) 1 of 2
Type (Add-on Acquisition) 4 of 15
State (Texas) 5 of 9
Country (United States) 13 of 35
Year (2013) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-10 Triad Retail Media

Tampa, Florida, United States

Triad Retail Media is a provider of digital advertising monetization solutions by partnering with ecommerce retailers to provide brand advertisers with access to ad space and the ecommerce shopper universe. Triad Retail Media is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-02 ecoATM

San Diego, California, United States

ecoATM operates a network of self-service kiosks that automate the inspection, pricing, payment, and third-party logistics take-back of used portable consumer electronics (mobile phones, MP3 players, tablet PCs) directly from consumers in exchange for cash.

Sell $350M