M&A Deal Summary

Webster Equity Partners Acquires Orthofeet

On October 15, 2018, private equity firm Webster Equity Partners acquired consumer products company Orthofeet from Equis Capital Partners and Tuckerman Capital

Acquisition Highlights
  • This is Webster Equity Partners’ 2nd transaction in the Consumer Products sector.
  • This is Webster Equity Partners’ 31st transaction in the United States.
  • This is Webster Equity Partners’ 2nd transaction in New Jersey.

M&A Deal Summary
Date 2018-10-15
Target Orthofeet
Sector Consumer Products
Buyer(s) Webster Equity Partners
Sellers(s) Equis Capital Partners
Tuckerman Capital
Deal Type Secondary Buyout

Target

Orthofeet

Norwood, New Jersey, United States
Orthofeet is a designer and manufacturer of orthopedic shoes and custom orthotics primarily serving the diabetic market. Orthofeet was formed in 1984 and is based in Norwood, New Jersey.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Webster Equity Partners

Waltham, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 6.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Webster Capital is a private equity firm that targets growth capital and buyout investments in profitable, middle-market healthcare and consumer companies. Prospective business characteristics of interest include differentiated products or services, distinctive brands, and loyal/repeat customers. Webster looks for companies generating sales of $20 to $200 million, EBITDA of $5 to $20 million, and valued up to $200 million. Webster Capital was formed in 2003 and is based in Waltham, Massachusetts.

DEAL STATS #
Overall 32 of 48
Sector (Consumer Products) 2 of 2
Type (Secondary Buyout) 6 of 8
State (New Jersey) 2 of 4
Country (United States) 31 of 46
Year (2018) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-06 CenExel

Salt Lake City, Utah, United States

CenExel is a clinical research site manager primarily conducting studies in post-op pain, neurology and psychiatry on behalf of pharmaceutical companies. The Company offers study services spanning from patient recruitment and screening/enrollment, to medical procedures and monitoring. CenExel was formed in 2018 and is based in Salt Lake City, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 Sundance

Salt Lake City, Utah, United States

Sundance is a lifestyle retailer of women’s apparel and accessories, jewelry and home furnishings. The company sells through catalogs, online and 13 Sundance retail stores. Sundance founded in 1989 and headquartered in Salt Lake City, Utah.

Buy -

Seller(S) 2

SELLER

Equis Capital Partners

Hoboken, New Jersey, United States

Investor Investor

Category Private Equity Firm
Founded 2002
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Equis Capital Partners LLC is a private equity group focused on small to mid-sized company investments in the manufacturing, consumer products, and services sectors. Equis looks to partner with existing management when pursuing transactions. Target companies typically have revenues of $10 to $100 million and EBITDA of $3 to $10 million. The Firm will not invest in stage, high tech, or turnaround situations. Equis was formed in 2002 and is based in Hoboken, New Jersey.

DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 2 of 2
State (New Jersey) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-29 Data Display Systems

Philadelphia, Pennsylvania, United States

Data Display Systems is a provider of electronic video, audio, and lighting solutions to the point-of-purchase (“POP”) displays and fixtures markets. Data Display Systems was founded in 1968 and is based in Philadelphia, Pennsylvania.

Buy -
SELLER

Tuckerman Capital

Hanover, New Hampshire, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
Size Small
Type Sector Focused
DESCRIPTION

Tuckerman Capital is a private investment firm that targets smaller manufacturing companies, with a special interest in businesses that manufacture highly-engineered, non-commodity products across a broad range of industries. Tuckerman will also consider investments in niche service and distribution businesses. Tuckerman relies on deal partners to help source potential transactions. Tuckerman Capital is based in Hanover, New Hampshire.

DEAL STATS #
Overall 9 of 14
Sector (Consumer Products) 2 of 2
Type (Secondary Buyout) 2 of 4
State (New Jersey) 1 of 1
Country (United States) 9 of 14
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-01 Industrial Fluid Management

Rayne, Louisiana, United States

Industrial Fluid Management offers the largest variety of tank cleaning equipment for rent on a short-term or long-term basis of any company in the world. Industrial Fluid Management was founded in 2007 and is based in Rayne, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Freedom Communication Technologies

Kilgore, Texas, United States

Freedom Communication Technologies, Inc. is a engineering, developing and manufacturing communication test equipment company involved in Land Mobile Radio test equipment market.

Sell $22M
Mergr

Product

Company

Legal