M&A Deal Summary

Tuckerman Capital and Mainspring Capital Partners Acquire Dauntless Air

On May 24, 2017, private equity firm Tuckerman Capital and growth capital firm Mainspring Capital Partners acquired business services company Dauntless Air

Acquisition Highlights
  • This is Tuckerman Capital’s 2nd and Mainspring Capital Partners’ 1st transaction in the Business Services sector.
  • This is Tuckerman Capital’s 16th and Mainspring Capital Partners’ 5th transaction in the United States.
  • This is Tuckerman Capital’s 2nd and Mainspring Capital Partners’ 2nd transaction in Minnesota.

M&A Deal Summary
Date 2017-05-24
Target Dauntless Air
Sector Business Services
Buyer(s) Tuckerman Capital
Mainspring Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Dauntless Air

Appleton, Minnesota, United States
Dauntless Air is an aerial firefighting company that exists to protect people, land, and property. The company works tirelessly alongside ground crews and other aerial forces to win the war against wildfires. Dauntless Air was founded in 1996 and is based in Appleton, Minnesota.

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Buyer(S) 2

Buyer

Tuckerman Capital

Hanover, New Hampshire, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
Size Small
Type Sector Focused
DESCRIPTION

Tuckerman Capital is a private investment firm that targets smaller manufacturing companies, with a special interest in businesses that manufacture highly-engineered, non-commodity products across a broad range of industries. Tuckerman will also consider investments in niche service and distribution businesses. Tuckerman relies on deal partners to help source potential transactions. Tuckerman Capital is based in Hanover, New Hampshire.

DEAL STATS #
Overall 17 of 18
Sector (Business Services) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 10 of 11
State (Minnesota) 2 of 2
Country (United States) 16 of 17
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 Apache Industrial Services

Houston, Texas, United States

Apache Industrial Services provides a wide range of industrial services primarily to the energy sector. Services include various industrial coating applications and solutions, fireproofing, metalizing, insulation, scaffolding, power and petrochemical plant maintenance and tank/pipe painting and lining. Apache Industrial Services was founded in 1996 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-01 Industrial Fluid Management

Rayne, Louisiana, United States

Industrial Fluid Management offers the largest variety of tank cleaning equipment for rent on a short-term or long-term basis of any company in the world. Industrial Fluid Management was founded in 2007 and is based in Rayne, Louisiana.

Buy -
Buyer

Mainspring Capital Partners

Brookline, Massachusetts, United States

Investor Investor

Category Growth Capital Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Mainspring Capital Partners is a private investment firm focused on investing in US-based, growth companies. The Firm does not have any stated sector preferences. Mainspring Capital is based in Boston, Massachusetts.

DEAL STATS #
Overall 5 of 6
Sector (Business Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 4
State (Minnesota) 2 of 2
Country (United States) 5 of 6
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-21 Oncology Services International

Montebello, New York, United States

Oncology Services International, Inc. is a provider of radiation therapy equipment, including linear accelerators and CT simulators. Oncology Services International was founded in 1985 and is based in Montebello, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 Empire Group

Attleboro, Massachusetts, United States

Empire Group is a mission-critical prototype and low-volume manufacturing company located in Southeastern Massachusetts. Empire Group proudly services product designers, developers, and engineers with manufacturing projects that require high-tech solutions and high-touch customer service. Empire Group was founded in 1999 and is based in Attleboro, Massachusetts.

Buy -
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