M&A Deal Summary

Vance Street Capital Acquires Micronics

On April 1, 2013, private equity firm Vance Street Capital acquired manufacturer Micronics

Acquisition Highlights
  • This is Vance Street Capital’s 1st transaction in the Manufacturing sector.
  • This is Vance Street Capital’s 6th transaction in the United States.
  • This is Vance Street Capital’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2013-04-01
Target Micronics
Sector Manufacturing
Buyer(s) Vance Street Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Micronics

Chattanooga, Tennessee, United States
Micronics is a provider of aftermarket and OEM filtration equipment and consumables for use in mining, chemical, wastewater, and various other industrial end markets. It supplies filter presses of all sizes, including the fully automatic Lasta MC, replacement plates, parts, and filter cloth and filter bags for all equipment. Micronics was formed in 1983 and is based in Chattanooga, Tennessee.

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Buyer(S) 1

Buyer

Vance Street Capital

Pacific Palisades, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Focused
DESCRIPTION

Vance Street Capital is a private equity firm focused on acquiring mid-market, profitable businesses in the aerospace, defense, industrial, and medical technology sectors. Vance Street looks for companies valued from $30 to $350 million with sustainable competitive advantages and proven management. Prospective transaction situations include recapitalizations, management buyouts, corporate divestitures, industry consolidations, and growth capital financings. Vance Street Capital was formed in 2007 and is based in Los Angeles, California.

DEAL STATS #
Overall 7 of 29
Sector (Manufacturing) 1 of 7
Type (Buyout (LBO, MBO, MBI)) 5 of 16
State (Tennessee) 1 of 1
Country (United States) 6 of 24
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-06 Micross Components

Orlando, Florida, United States

Micross Components serves the aerospace, defense, space, medical, and industrial markets, among others. The company offers an industry-leading portfolio of high-reliability components and services that include advanced component testing, qualification services, packaging services, standard wafer bumping, advanced wafer-level packaging services, and 3D integration. Micross has longstanding relationships with blue-chip customers in each of its end markets and more than 30 of the world's leading semiconductor manufacturers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-06 Eirtech Aviation Services

Shannon, Ireland

Eirtech Aviation Services is an aviation services company providing painting, interior refinishing, and graphics to international airlines, private operators, and aviation leasing companies predominantly in Europe and the Middle East. Eirtech Aviation Services was formed in 1999 and is based in Shannon, Ireland.

Buy -
Mergr

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