M&A Deal Summary

Victor Capital Partners and Harvey & Company Acquire Adventure Ready Brands

On February 1, 2019, private equity firm Victor Capital Partners and merchant bank Harvey & Company acquired consumer products company Adventure Ready Brands from Prospect Partners

Acquisition Highlights
  • This is Victor Capital Partners’ 1st and Harvey & Company’s 3rd transaction in the Consumer Products sector.
  • This is Victor Capital Partners’ 2nd and Harvey & Company’s 48th transaction in the United States.
  • This is Victor Capital Partners’ 1st and Harvey & Company’s 1st transaction in New Hampshire.

M&A Deal Summary

Date 2019-02-01
Target Adventure Ready Brands
Sector Consumer Products
Buyer(s) Victor Capital Partners
Harvey & Company
Sellers(s) Prospect Partners
Deal Type Recapitalization

Target

Adventure Ready Brands

Littleton, New Hampshire, United States
Adventure Ready Brands is a manufacturer, marketer, and distributor of popular personal care and outdoor products sold to consumers through various retail channels, including food, drug and mass merchandisers, outdoor and sporting goods stores, and promotional product distributors. Adventure Ready Brands was founded in 1975 and is based in Littleton, New Hampshire.

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Buyer(S) 2

DESCRIPTION

Victor Capital Partners is a private equity firm focused on providing equity and operational resources to mid-sized companies in the industrial services/technology, consumer, and business services sectors. The Firm looks to commit $20 to $100 million per transaction and generally pursues businesses with strong brands, positive cashflow, and operating in defensible markets with add-on potential. Victor Capital Partners was formed in 2015 and is headquartered in New York City.


DEAL STATS #
Overall 2 of 6
Sector (Consumer Products) 1 of 1
Type (Recapitalization) 2 of 2
State (New Hampshire) 1 of 1
Country (United States) 2 of 6
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-10 PrimaLoft

Latham, New York, United States

PrimaLoft is a branded, advanced material technology company involved in research and innovative development of high-performance material solutions, specializing in insulations and fabrics. The company's insulation was originally developed for the U.S. Army as a water-resistant, synthetic alternative to down. Since its founding, a heritage of proven & tested technologies has built trust across the textile industry, with more than 950 global brands using PrimaLoft products in outdoor, lifestyle, home furnishings, work wear, hunting, and military applications. PrimaLoft was founded in 1983 and is based in Latham, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-08 Rizzo Group

New York, New York, United States

Rizzo Group is a provider of long-term building code compliance services, expert special inspection services, and sustainability advisory services to a diverse range of clients including large commercial property owners, real estate and corporate asset managers, corporate tenants, universities, and major technology companies across the country. Rizzo Group was founded in 1967 and is based in New York City.

Buy -
DESCRIPTION

Harvey & Company is a principal investment and advisory group. The Firm works with companies and private equity firms on acquisition searches as well as makes investments of its own. Harvey & Company was established in 1998 and is headquartered in Newport Beach, California.


DEAL STATS #
Overall 50 of 72
Sector (Consumer Products) 3 of 3
Type (Recapitalization) 18 of 24
State (New Hampshire) 1 of 1
Country (United States) 48 of 67
Year (2019) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-31 Engineered Medical Systems

Bartlett, Tennessee, United States

Engineered Medical Systems is a contract manufacturer focused on complex, machined metal instruments and implants, used primarily in spinal and other orthopedic surgery. Engineered Medical Systems was founded in 2003 and is based in Bartlett, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 Quote

Tampa, Florida, United States

Quote is a digital media company focused on providing lead generation services to the finance and insurance industries. Quote focuses on the auto insurance and medicare segments. Quote is based in Tampa, Florida.

Buy -

Seller(S) 1

SELLER

Prospect Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 470M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prospect Partners, LLC is a lower middle-market private equity firm that focuses on management buyouts and recapitalization of small companies. Prospect looks to invest $2 to $30 million of equity capital in companies with revenues of $15 to $100 million and EBITDA up to $10 million. The Firm targets opportunities in a variety of sectors spanning many sub-sectors of manufacturing, specialty distribution, and service. Transactions of interest include leverage recapitalizations, industry consolidations, corporate orphans, generational sales, under-managed companies, and backing independent equity sponsors. Prospect Partners was formed in 1998 and is based in Chicago, Illinois.


DEAL STATS #
Overall 32 of 37
Sector (Consumer Products) 3 of 4
Type (Recapitalization) 3 of 3
State (New Hampshire) 1 of 1
Country (United States) 32 of 37
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-09 Innovetive Petcare

Austin, Texas, United States

Innovetive Petcare owns and operates veterinary hospitals across the country. Our clinics benefit from tools, resources, and a great support team dedicated to helping veterinary practices prosper and grow. Innovetive Petcare was established in 2015 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-13 Waste Harmonics

Victor, New York, United States

Waste Harmonics is a technology-enabled facility services company that delivers a comprehensive suite of waste management solutions to blue-chip clients throughout North America. Waste Harmonics is one of the largest managed waste services companies in the US, and delivers critical waste collection services across all 50 US states, Canada, Puerto Rico, and Guam, through an outsourced network of over 5,000 vendors. Waste Harmonics was founded in 2001 and is based in Victor, New York.

Sell -