M&A Deal Summary |
|
|---|---|
| Date | 2020-05-29 |
| Target | Steele Solutions |
| Sector | Building Materials |
| Buyer(s) | Wellspring Capital Management |
| Sellers(s) | Merit Capital Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Baird (Financial) Godfrey & Kahn (Legal) |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 4.5B USD |
| Size | Large |
| Type | Sector Agnostic |
Wellspring Capital Management is a mega-sized private equity firm that focused on a variety of transaction situations. The Firm will consider buyouts of private companies, acquisitions of divisions or subsidiaries of public companies, shareholder liquidity needs, partnering with entrepreneurs for growth opportunities, and special situations. Wellspring does not have any sector preferences and is capable of pursuing transactions valued up to $1 billion. Wellspring Capital Management was formed in 1995 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 46 of 54 |
| Sector: Building Materials M&A | 4 of 4 |
| Type: Secondary Buyout M&A Deals | 18 of 23 |
| State: Wisconsin M&A | 3 of 3 |
| Country: United States M&A | 41 of 49 |
| Year: 2020 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-09-30 |
Ascend Leasing
Nashville, Tennessee, United States Ascend Leasing is a provider of regional transportation and logistics solutions, specializing in truckload and warehousing and distribution services. Ascend Leasing was founded in 1969 and is based in Nashville, Tennessee. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-10-08 |
Cadence Petroleum Group
Asheboro, North Carolina, United States Cadence Petroleum Group is a distributor of lubricants, fuel, antifreeze, diesel exhaust fluid, and other ancillary products for the eastern and central United States. Cadence Petroleum Group was founded in 1947 and is based in Asheboro, North Carolina. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 2.5B USD |
| Size | Large |
| Type | Sector Agnostic |
Merit Capital Partners is a private investment firm that targets investments in middle market manufacturing, distribution, and service based businesses. Merit looks for companies generating at least $20 million in sales and at least $4 million in EBITDA. Merit can provide both equity and junior capital financing and looks to commit at least $15 million per transaction. Prospective transaction situations include management buyouts, recapitalizations, growth financings, divestitures, unsponsored transactions, and ESOPs. Merit Capital will not invest in start-ups, turnarounds, real estate, specialty retail, or oil/gas opportunities. Merit Capital was originally known as William Blair Mezzanine Capital and became independent in 2004. Merit Capital Partners was formed in 1993 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 46 of 56 |
| Sector: Building Materials M&A | 5 of 5 |
| Type: Secondary Buyout M&A Deals | 16 of 20 |
| State: Wisconsin M&A | 5 of 7 |
| Country: United States M&A | 46 of 55 |
| Year: 2020 M&A | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-30 |
RSA Engineered Products
Simi Valley, California, United States RSA Engineered Products LLC designs and manufactures a broad array of highly-engineered airflow control systems for use in commercial and military aircraft. RSA Engineered Products LLC’s primary products include ducting, anti-icing and ozone products. The majority of RSA’s sales are comprised of proprietary part numbers exclusive to the Company. RSA sells to a broad customer base that spans a high number of both legacy and new aircraft platforms. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-11-19 |
John-Richard
Whitsett, North Carolina, United States John-Richard designs and manufactures high-end home furnishing products, including occasional furniture, lighting, wall art, mirrors, botanicals, upholstered furniture and other home accessories. The Company sells its products through three main channels: stocking dealers/retailers, e-commerce and interior designers. John-Richard was founded in 1980 and is based in Whitsett, North Carolina. |
Buy | - |
