M&A Deal Summary

Vance Street Capital and Barings Private Equity Acquire Pro-Vision Video Systems

On September 26, 2024, private equity firms Vance Street Capital and Barings Private Equity acquired technology hardware company Pro-Vision Video Systems from JMC Capital Partners, Great River Capital Partners and GarMark Partners

Acquisition Highlights
  • This is Vance Street Capital’s 1st and Barings Private Equity’s 1st transaction in the Technology Hardware sector.
  • This is Vance Street Capital’s 23rd and Barings Private Equity’s 48th transaction in the United States.
  • This is Vance Street Capital’s 2nd and Barings Private Equity’s 3rd transaction in Michigan.

M&A Deal Summary

Date 2024-09-26
Target Pro-Vision Video Systems
Sector Technology Hardware
Buyer(s) Vance Street Capital
Barings Private Equity
Sellers(s) JMC Capital Partners
Great River Capital Partners
GarMark Partners
Deal Type Secondary Buyout
Advisor(s) P&M Corporate Finance LLC (Financial)
Goodwin Procter (Legal)

Target

Pro-Vision Video Systems

Byron Center, Michigan, United States
Pro-Vision Video Systems design manufactures, and installs rugged rear vision and video recording systems, body-worn cameras, and video management software for commercial, law enforcement, and transit applications. Pro-Vision Video Systems was founded in 2003 and is based in Byron Center, Michigan.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

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 28 of 29
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 3 of 3
State (Michigan) 2 of 2
Country (United States) 23 of 24
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-28 Keltec Technolab

Twinsburg, Ohio, United States

Keltec specializes in designing, developing, and manufacturing an extensive array of filtration solutions for compressed air solutions across various industries, including general industrial, pharmaceutical, aerospace, and many others. Keltec Technolab is based in Twinsburg, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-06 Prince Sterilization Services

Pine Brook, New Jersey, United States

Prince Sterilization Services provides a full suite of contract sterilization services and RTU products, including steam, dry heat, vaporized hydrogen peroxide (“VHP”), depyrogenation, water for injection (WFI) rinsing, and sterile packaging. Prince Sterilization Services is based in Pine Brook, New Jersey.

Buy -
Buyer

Barings Private Equity

Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 5.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Barings Private Equity is the private equity arm of global asset management firm Barings. The Group looks to invest in mezzanine, distressed, and other private equity transactions including secondaries and funds. Sectors of interest include manufacturing, business services, distribution, consumer products, consumer services, food products, packaging, and healthcare. Barings Private Equity was originally established in 1991 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 53 of 53
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 20 of 20
State (Michigan) 3 of 3
Country (United States) 48 of 48
Year (2024) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-12 GCDL

Prospect Heights, Illinois, United States

GCDL is a full-service dental laboratory that manufactures custom dental prosthetic appliances for dental support organizations, group practices, and independent dentists. GCDL is based in Prospect Heights, Illinois.

Buy -

Seller(S) 3

SELLER

JMC Capital Partners

Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 206M USD
Size Small
Type Sector Agnostic
DESCRIPTION

JMC Capital Partners is an operationally oriented private equity firm focused on acquiring and building niche companies in fragmented industries. The Firm pursues platform companies with $5 to $35 million in revenue and will consider opportunities throughout North America. Sectors of interest include specialty packaging, test/measurement devices, ruggedized devices, building automation, thermal management, air & liquid filtration, fluid handling, smart city hardware, specialty coatings, process instrumentation, and industrial valves. JMC Capital Partners was established in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 3 of 3
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Michigan) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-06 Unipower

Coral Springs, Florida, United States

Unipower designs manufacture, and markets switching power supplies, front ends, rectifiers, dc-dc converters, inverters, dc power systems, high voltage power supplies, and military power supplies for datacom, telecom, military, industrial controls, industrial photonics, medical and instrumentation markets. Unipower is based in Coral Springs, Florida.

Sell -
DESCRIPTION

Great River Capital Partners (GRCP) is a private investment firm seeking lower-market, founder or family-owned businesses in North America. GRCP has a specific investment focus on companies in industrial technology and tech-enabled services. The Firm prefers businesses with repeat or recurring sources of revenue and products/services with leading market positions. Prospective companies typically have revenues of $8 to $30 million and EBITDA of at least $1 million. Great River Capital Partners was founded in 2020 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-29 Conductive Containers

New Hope, Minnesota, United States

Conductive Containers is a manufacturer of electrostatic discharge (ESD) packaging products for the electronics, medical, defense, and industrial markets. Conductive Containers was founded in 1978 and is based in New Hope, Minnesota.

Buy -
SELLER

GarMark Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GarMark Partners is a private investment firm that makes debt and equity investments in a wide range of companies. The Firm invests in businesses at various stages of development to facilitate acquisitions, divestitures, recapitalizations, turnarounds or growth. Garmark typically invests between $5 and $30 million with an EBITDA $3 and $25 million. The firm prefers to invest in the sectors of manufacturing/industrial products, distribution, business services, consumer brands, food/nutrition products, transportation, healthcare, retail, and restaurants. GarMark Partners was formed in 1997 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 21 of 21
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 3 of 3
State (Michigan) 2 of 2
Country (United States) 19 of 19
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-16 Stratix

Norcross, Georgia, United States

Stratix is a provider of outsourced Managed Mobile Service (MMS) solutions for many of the largest global brands within the retail, manufacturing, transportation and field service industries. Stratix has evolved from a data capture consulting services company to one of the largest national MMS providers with a comprehensive mobile service portfolio. The company leverages deep industry expertise, expansive service offerings and mobile specialization to provide consulting, deployment, software, 24x7 support and asset management services for the enterprise mobile workforce. Stratix was founded in 1983 and is based in Norcross, Georgia.

Buy -