M&A Deal Summary |
|
|---|---|
| Date | 2022-08-18 |
| Target | Wilson Electronics |
| Sector | Communications |
| Buyer(s) | Trive Capital |
| Sellers(s) |
Sorenson Capital
Yukon Partners Solamere Capital |
| Deal Type | Secondary Buyout |
| Advisor(s) | Moelis & Co. (Financial) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2012 |
| PE ASSETS | 7.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Trive Capital is a hands-on, operationally-focused private equity firm that targets complex or special situations in 'out of favor' but protected market niches. The Firm will consider businesses throughout North America offering differentiated products/services with leading/defensible industry positions. Trive looks to commit $10 to $300 million per investment in businesses generating revenues of $40 million to $1.5 billion. Sectors of interest include automotive, transportation, aerospace/defense, building products, construction, infrastructure, healthcare, manufacturing, industrial, chemicals, distribution, consumer goods, energy services, business services, and communications. Trive Capital was founded in 2012 and is based in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 43 of 54 |
| Sector (Communications) | 2 of 2 |
| Type (Secondary Buyout) | 4 of 4 |
| State (Utah) | 1 of 2 |
| Country (United States) | 41 of 51 |
| Year (2022) | 7 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-08-01 |
Wellman
Creston, Iowa, United States Wellman is an aerospace supplier known for manufacturing large-scale, complex magnesium and aluminum castings for the defense and commercial aerospace markets and other industrial segments. WDC Acquisition was founded in 1965 and is based in Creston, Iowa. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-11-30 |
Forward Slope
San Diego, California, United States Forward Slope is a technology services company providing software and surveillance solutions to the defense industry. Forward Slope is based in San Diego, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2003 |
| PE ASSETS | 1.0B USD |
| Size | Large |
| Type | Sector Agnostic |
Sorenson Capital is a private equity firm that seeks to support buyout and growth capital financings of lower middle-market companies. Sorenson invests across a broad range of industries and generally pursues companies with significant market share, high barriers to entry, fragmented industry competition, motivated managment, and sustainable pricing and profit margins. Target businesses typically have sales of $30 to $300 million with earnings of $3 to $25 million. Sorenson's geographic preference is for opportunities in the Mountain West and West Coast regions of the US. Sorenson raised its inaugural fund in 2004 and is based in Salt Lake City, Utah.
| DEAL STATS | # |
|---|---|
| Overall | 28 of 29 |
| Sector (Communications) | 1 of 1 |
| Type (Secondary Buyout) | 6 of 6 |
| State (Utah) | 13 of 13 |
| Country (United States) | 27 of 28 |
| Year (2022) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-21 |
RTC Aerospace
Chatsworth, California, United States RTC Aerospace is a provider of precision manufacturing of hydraulic landing and other precision components to aerospace and defense customers. RTC Aerospace was formed in 1957 and is based in Chatsworth, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-06 |
Paperspace
Brooklyn, New York, United States Paperspace is a cloud platform for building and scaling AI applications. The company's customer use cases include deploying LLMs, fine-tuning Foundation Models, building the next ChatGPT, harnessing generative media, and many more. It helps individuals and businesses to explore new models with Notebooks, automate training with Workflows, and bring their applications to life with Deployments. Paperspace was founded in 2014 and is based in Brooklyn, New York. |
Sell | $111M |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2008 |
| PE ASSETS | 640M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Yukon Partners is a mezzanine finance firm that works with private equity sponsors to fund a variety of investment situations. Yukon looks to invest $10 to $40 million to support buyouts, recapitalizations, take privates, and refinancings. Sectors of interest include automotive, building products, business services, consumer products, food/beverages, healthcare products/services, industrial manufacturing, niche manufacturing, and transportation/logistics. Prospective companies generally have revenues of $30 to $500 million and are profitable with EBITDA of $5 to $50 million. Yukon Partners was formed in 2008 and is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 26 of 28 |
| Sector (Communications) | 1 of 1 |
| Type (Secondary Buyout) | 15 of 17 |
| State (Utah) | 1 of 1 |
| Country (United States) | 25 of 27 |
| Year (2022) | 4 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-05-19 |
Captain D s
Nashville, Tennessee, United States Captain D's owns, operates, and franchises some 500+ restaurants in 25 states, plus military bases around the world. Captain D's offers its customers great seafood at reasonable prices in a relaxed environment. Captain D's was formed in 1969 and is based in Nashville, Tennessee. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-09-22 |
D&H United Fueling Solutions
Humble, Texas, United States D&H United Fueling Solutions is a provider of retail and commercial vehicle fueling facilities. D&H United Fueling Solutions provides service, equipment, installation, and environmental services. D&H United Fueling Solutions was founded in 2015 and is based in Humble, Texas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2008 |
| PE ASSETS | 2.0B USD |
| Size | Large |
| Type | Sector Agnostic |
Solamere Capital is a private investment firm focused on private equity and venture fund investing as well as direct investing. Solamere targets opportunities throughout the US and does not have any stated sector preferences. Solamere Capital was formed in 2008 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Communications) | 1 of 1 |
| Type (Secondary Buyout) | 1 of 1 |
| State (Utah) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2022) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-06-26 |
Wilson Electronics
St. George, Utah, United States Wilson Electronics is a wireless communications company focused on designing and manufacturing high-performance cell phone signal boosters. The company's cellular signal boosters overcome the problem of dropped calls, limited range and reduced data rates for cell phones and data cards by amplifying weak cellular signals. It's powerful bidirectional cellular amplifiers provide the highest receiver sensitivity in the industry and protect cell sites by preventing oscillation and overload. Wilson Electronics was formed in 1966 and is based in St. George, Utah. |
Buy | - |
