M&A Deal Summary

Victor Capital Partners Acquires Coats

On January 9, 2024, private equity firm Victor Capital Partners acquired automotive company Coats from Vontier

Acquisition Highlights
  • This is Victor Capital Partners’ 1st transaction in the Automotive sector.
  • This is Victor Capital Partners’ 6th transaction in the United States.
  • This is Victor Capital Partners’ 1st transaction in Tennessee.

M&A Deal Summary

Date 2024-01-09
Target Coats
Sector Automotive
Buyer(s) Victor Capital Partners
Sellers(s) Vontier
Deal Type Divestiture

Target

Coats

LaVergne, Tennessee, United States
Coats is a manufacturer and distributor of Coats-branded wheel service, alignment, inspection, lift and shop productivity equipment and services. Coats is based in LaVergne, Tennessee.

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Buyer(S) 1

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 6 of 6
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 6 of 6
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-06 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.

Sell $530M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-19 CodeGreen Solutions

New York, New York, United States

CodeGreen Solutions provides energy management and sustainability services to commercial property owners, real estate asset managers, and corporations covering over 800 million square feet of property nationwide. CodeGreen Solutions was founded in 2005 and is based in New York City.

Sell -

Seller(S) 1

SELLER

Vontier

Raleigh, North Carolina, United States

Category Company
Sector Information Technology
Employees8,000
Revenue 3.1B USD (2023)
DESCRIPTION

Vontier is a global industrial technology company focused on transportation and mobility solutions. The company’s portfolio of trusted brands includes market-leading expertise in mobility technologies, retail and commercial fueling, fleet management, telematics, vehicle diagnostics and repair, and smart cities end-markets. Vontier’s innovative products, services, and software advance efficiency, safety, security, and environmental compliance worldwide. Vontier is based in Raleigh, North Carolina.


DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-04 Invenco

Auckland, New Zealand

Invenco is a self-service payment solution provider with a range of products including outdoor payment terminals, electronic payment servers, and cloud solutions. As a supplier of retailing and payment solutions to the convenience retail industry worldwide, the company's innovative, modern, and highly secure solutions are well positioned to enable retailers to solve dynamic needs and innovate for different energy futures, digital payments, and consumers services. Invenco is headquartered in Auckland, New Zealand.

Buy $80M