M&A Deal Summary

Vance Street Capital Acquires RST Instruments

On September 7, 2017, private equity firm Vance Street Capital acquired test/measurement equipment company RST Instruments from HKW

Acquisition Highlights
  • This is Vance Street Capital’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Vance Street Capital’s 1st transaction in Canada.
  • This is Vance Street Capital’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2017-09-07
Target RST Instruments
Sector Test/Measurement Equipment
Buyer(s) Vance Street Capital
Sellers(s) HKW
Deal Type Secondary Buyout
Advisor(s) Quarton International (Financial)
Taft Stettinius & Hollister (Legal)

Target

RST Instruments

Maple Ridge, British Columbia, Canada
RST Instruments is a manufacturer and marketer of geotechnical measurement instruments for engineering and consulting firms, oil and gas, mining, utility, and other sectors. R.S.T. Instruments is based in Maple Ridge, British Columbia. RST Instruments was founded in 1977 and is based in Maple Ridge, British Columbia.

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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 11 of 34
Sector: Test/Measurement Equipment M&A 1 of 2
Type: Secondary Buyout M&A Deals 1 of 3
State: British Columbia M&A 1 of 2
Country: Canada M&A 1 of 3
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-12 Motion Dynamics

Fruitport, Michigan, United States

Motion Dynamics is a manufacturer of wire-based micro-components and sub-assemblies, which are frequently found in micro-catheters, pacemakers, and neuromodulation devices. The Company focuses on products that require fine and ultra-fine wire diameters, unique alloy types and shapes, and high precision/tight tolerances. Motion Dynamics was founded in 1992 and is based in Fruitport, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-04 Fermatex Vascular Technologies

Newark, Delaware, United States

Fermatex Vascular Technologies designs and manufactures highly engineered medical extrusions, braid reinforced extrusions and catheter sub-assemblies for many of the world’s leading medical device OEMS. The company was a pioneer in the contract design and manufacture of medical devices and has been providing extrusions to the medical device industry for more than 55 years.

Buy -

Seller(S) 1

SELLER

HKW

Indianapolis, Indiana, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1903
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hammond Kennedy Whitney & Company (HKW) is a private equity firm focused on making control investments in mid-sized, 'market leading' companies generating sales of $5 to $75 million. HKW looks for companies with low risk for technological obsolescence, defined growth strategies, and talented management who want to own equity. Target transaction situations include industry consolidations, corporate divestitures, generational changes in ownership, growth equity, management buy-outs and recapitalizations. HKW prefers North American based opportunities. HKW dates back to 1903, however the Firm transitioned from sole to institutional investors in 2001. The Firm has offices in Indianapolis and New York City.


DEAL STATS #
Overall 28 of 38
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 14 of 19
State: British Columbia M&A 1 of 2
Country: Canada M&A 3 of 8
Year: 2017 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-28 Allied Vision Group

Ft. Lauderdale, Florida, United States

Allied Vision Group is a distributor of contact lenses, optical products, and pet medication products. Allied Vision Group was founded in 1989 and is based in Ft. Lauderdale, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-19 Protect Plus Industries

Hickory, North Carolina, United States

Protect Plus Industries is a manufacturer and distributor of retail air filters and related products for home HVAC systems. Protect Plus Industries was founded in 2003 and is based in Hickory, North Carolina.

Buy -