M&A Deal Summary

Warren Equity Partners Acquires MacQueen Equipment

On January 18, 2022, private equity firm Warren Equity Partners acquired retailer MacQueen Equipment from Rotunda Capital Partners

Acquisition Highlights
  • This is Warren Equity Partners’ 1st transaction in the Retail sector.
  • This is Warren Equity Partners’ 18th transaction in the United States.
  • This is Warren Equity Partners’ 1st transaction in Minnesota.

M&A Deal Summary

Date 2022-01-18
Target MacQueen Equipment
Sector Retail
Buyer(s) Warren Equity Partners
Sellers(s) Rotunda Capital Partners
Deal Type Secondary Buyout

Target

MacQueen Equipment

St. Paul, Minnesota, United States
MacQueen Equipment's corporate headquarters in St. Paul, Minnesota.
MacQueen Equipment's corporate headquarters in St. Paul, Minnesota.
MacQueen Equipment sells Elgin street sweepers, Vactor trucks, Oshkosh snow removal equipment, and Heil refuses trucks to municipalities and commercial customers, including utilities and contractors throughout Minnesota, Iowa, Nebraska, and Wisconsin. In addition, MacQueen sells Pierce fire apparatus throughout Minnesota, North Dakota, South Dakota, Nebraska, and Missouri. MacQueen is one of the few national dealers to provide a full suite of services, including maintenance, parts, and supplies used equipment sales and a robust rental fleet. MacQueen Equipment was founded in 1961 and is based in St. Paul, Minnesota.

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Buyer(S) 1

Buyer

Warren Equity Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2015
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Warren Equity Partners is a private equity firm focused on small and medium-sized company investments. Warren Equity will consider profitable companies throughout North America and looks to invest $25 to $100 million per transaction. Sectors of interest include infrastructure, energy services, industrial, and building materials. Warren Equity Partners was formed in 2015 and is based in Jacksonville, Florida.


DEAL STATS #
Overall 18 of 28
Sector (Retail) 1 of 1
Type (Secondary Buyout) 3 of 4
State (Minnesota) 1 of 1
Country (United States) 18 of 28
Year (2022) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Vortex

Irvine, California, United States

Vortex is a provider of repair and replacement services for a wide range of commercial and industrial doors, dock levelers, dock equipment, gates and related hardware. Vortex was founded in 1937 and is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-06 StormTrap

Romeoville, Illinois, United States

StormTrap offers solutions for managing runoff, protecting waterways, and improving the use of a property. StormTrap is committed to providing cost-effective, customized water management solutions to engineers, owners, and municipalities across North America and abroad. StormTrap was founded in 2002 and is based in Romeoville, Illinois.

Sell -

Seller(S) 1

SELLER

Rotunda Capital Partners

Bethesda, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
PE ASSETS 195M USD
Size Small
Type Sector Focused
DESCRIPTION

Rotunda Capital Partners is a private equity firm which invests equity and debt capital in established and profitable lower middle market companies. The Company targets businesses valued between $30 and $150 million with defensible market positions and strong growth prospects. Sectors of interest include financial services, business services, manufacturing, government services, insurance services, logistics and distribution, retail, and consumer. Rotunda Capital Partners is based in Bethesda, Maryland with an additional office in Chicago.


DEAL STATS #
Overall 7 of 13
Sector (Retail) 1 of 1
Type (Secondary Buyout) 3 of 5
State (Minnesota) 1 of 1
Country (United States) 7 of 13
Year (2022) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 Siegel Egg

North Billerica, Massachusetts, United States

Siegel Egg is a wholesale distributor of bakery ingredients and other food products. Siegel Egg was founded in 1924 and is based in North Billerica, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-10 StreetShares

Reston, Virginia, United States

StreetShares is a small business banking software-as-a-service (SaaS) technology company that powers community banks, credit unions, and non-financial organizations. Its Atlas Platform offers a full suite of digital, white-labeled, small business banking products to their customers. StreetShares was founded in 2014 and is based in Resotn, Virginia.

Sell -