Investment Summary

Verus Investment Partners Invests In Drake Manufacturing

On October 14, 2014, private equity firm Verus Investment Partners invested in machinery company Drake Manufacturing

Investment Highlights
  • This is Verus Investment Partners’ 1st transaction in the Machinery sector.
  • This is Verus Investment Partners’ 4th transaction in the United States.
  • This is Verus Investment Partners’ 1st transaction in Ohio.

Investment Summary
Date 2014-10-14
Target Drake Manufacturing
Sector Machinery
Investor(s) Verus Investment Partners
Deal Type Growth Capital
Advisor(s) League Park Advisors LLC (Financial)

Target

Drake Manufacturing

Warren, Ohio, United States
Drake Manufacturing is a full-service, turn-key manufacturer of precision CNC machines and provider of engineered solutions. Drake Manufacturing was formed in 1972 and is based in Warren, Ohio.

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Investor(S) 1

Investor

Verus Investment Partners

New York, New York, United States
Category Private Equity Firm
Founded 2009
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Verus Investment Partners is a private investment firm focused on buyout and growth capital investments in lower middle-market companies. Verus looks to invest in profitable businesses valued between $20 and $100 million. Sectors of interest include consumer products, food/beverages, value-added manufacturing/industrial, business services, and building materials. Verus Investment Partners is based in New York City.

DEAL STATS #
Overall 5 of 5
Sector (Machinery) 1 of 1
Type (Growth Capital) 2 of 2
State (Ohio) 1 of 1
Country (United States) 4 of 4
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-11 VanDeMark

Lockport, New York, United States

VanDeMark is a provider of specialty and custom chemicals focusing on phosgene production and phosgene-related chemistry. These products are used in pharmaceuticals, agricultural chemicals, polymers, sealants, coatings, and biocides. VanDeMark was founded in 1951 and is based in Lockport, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-16 CAPS Universal

Culver City, California, United States

Founded in 1991, CAPS provides payroll and other Human Resources Outsourcing (HRO) services to the film, television, music, commercials, venues and live music segments of the entertainment industry. With a management team averaging 25 years of experience, CAPS Universal has deep experience with collective bargaining agreements and the constantly changing tax code necessary to providing timely, accurate and outstanding service.

Sell -
Mergr

Product

Company

Legal