M&A Deal Summary

Weller Equity Partners and Advantage Capital Partners Acquire Vogt Ice

On August 15, 2017, private equity firm Weller Equity Partners and growth capital firm Advantage Capital Partners acquired machinery company Vogt Ice

Acquisition Highlights
  • This is Weller Equity Partners’ 1st and Advantage Capital Partners’ 5th transaction in the Machinery sector.
  • This is Weller Equity Partners’ 2nd and Advantage Capital Partners’ 200th transaction in the United States.
  • This is Weller Equity Partners’ 2nd and Advantage Capital Partners’ 6th transaction in Kentucky.

M&A Deal Summary

Date 2017-08-15
Target Vogt Ice
Sector Machinery
Buyer(s) Weller Equity Partners
Advantage Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Vogt Ice

Louisville, Kentucky, United States
Vogt Ice is a manufacturer of large capacity commercial and industrial ice making equipment in the U.S. Vogt engineers designed the unique Tube-Ice Machine specifically to freeze ice automatically in vertical tubes, momentarily thaw ice loose from the tubes and then cut it into short cylinders with a hole in the center. Vogt Ice was founded in 1938 and is based in Louisville, Kentucky.

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Buyer(S) 2

DESCRIPTION

Weller Equity Partners is a private equity firm focused on buyouts, growth capital financings, and recapitalizations of lower middle-market companies in Kentucky and the Mid-South US. The Firm looks to invest $1 to $10 million in profitable companies with $10 to $75 million of revenue. Sectors of interest include healthcare, business services, information technology, manufacturing, and food/beverages. Weller Equity Partners was formed in 2015 and is based in Louisville, Kentucky.


DEAL STATS #
Overall 2 of 4
Sector (Machinery) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Kentucky) 2 of 3
Country (United States) 2 of 4
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-29 KFI Studios

Louisville, Kentucky, United States

KFI Studios is a manufacturer and distributor of moderately priced seating and table products for national educational, hospitality, commercial, and government end markets. KFI Studios was founded in 1978 and is based in Louisville, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-11 Mirac

Lynchburg, Ohio, United States

Mirac is an electronics assembly and fabrication company that primarily works with companies on a contractual basis and specializes in the design, fabrication, and assembly of printed circuit boards and wire harnesses for use in the energy/petroleum, consumer, and commercial/industrial sectors. Mirac was established in 1992 and is based in Lynchburg, Ohio.

Buy -
Buyer

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.


DEAL STATS #
Overall 201 of 272
Sector (Machinery) 5 of 5
Type (Buyout (LBO, MBO, MBI)) 36 of 42
State (Kentucky) 6 of 9
Country (United States) 200 of 270
Year (2017) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-13 Grainful

Ithaca, New York, United States

Grainful provides mouthwatering gluten free frozen meals and purity protocol gluten free oats. Grainful is on a mission to bring globally-inspired, bold tasting foods to all consumers at an affordable price and in an honest way, with oats serving as a great lead culinary platform. Grainful was founded in 2013 and is based in Ithaca, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-01 Open Range Beef

Gordon, Nebraska, United States

Open Range Beef is a niche provider of beef processing services, focused on serving the certified organic, grass-fed, antibiotic-free, toll processing and other niche markets which require small production runs, traceability, segregation, and quality processes. Open Range Beef is based in Gordon, Nebraska.

Buy -