M&A Deal Summary

Wild Goose Filling Acquires Meheen Manufacturing

On June 30, 2016, Wild Goose Filling acquired machinery company Meheen Manufacturing from Evolve Capital and Praesidian Capital

Acquisition Highlights
  • This is Wild Goose Filling’s 1st transaction in the Machinery sector.
  • This is Wild Goose Filling’s 1st transaction in the United States.
  • This is Wild Goose Filling’s 1st transaction in Colorado.

M&A Deal Summary
Date 2016-06-30
Target Meheen Manufacturing
Sector Machinery
Buyer(s) Wild Goose Filling
Sellers(s) Evolve Capital
Praesidian Capital
Deal Type Add-on Acquisition

Target

Meheen Manufacturing

Louisville, Colorado, United States
Meheen Manufacturing is a manufacturer and provider of advanced machinery to the global beverage industry with a focus on the rapidly growing craft beer segment. Meheen Manufacturing was founded in 2003 and is based in Louisville, Colorado.

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Buyer(S) 1

Buyer

Wild Goose Filling

Louisville, Colorado, United States
Category Company
Sector Machinery
DESCRIPTION

Wild Goose Filling is a designer, manufacturer and service of specialty liquid filling systems and highly-engineered food and beverage packaging equipment. Wild Goose Filling is based in Louisville, Colorado.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1

Seller(S) 2

SELLER

Evolve Capital

Dallas, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Evolve Capital is a private equity firm focused exclusively on recapitalization investments in growth-oriented service based businesses. Evolve looks companies that are asset light, growing rapidly, and potentially operate in a regulated environment. Target companies typically have trailing EBITDA of $2 to $4 million and are located in the US. Evolve Capital was formed in 2005 and is based in Dallas, Texas.

DEAL STATS #
Overall 12 of 18
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 4 of 6
State (Colorado) 1 of 1
Country (United States) 12 of 18
Year (2016) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-30 Inline Filling Systems

Venice, Florida, United States

Inline Filling Systems is a manufacturer of liquid filling and bottling equipment serving the food, pharmaceutical, cosmetic, beverage, and chemical industries. Inline Filling Systems was founded in 1993 and is based in Venice, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-30 Mission Critical Electronics

Dallas, Texas, United States

Mission Critical Electronics is a niche-oriented manufacturer of power conversion, battery charging and battery products operating under the leading brands Kussmaul Electronics, Newmar Power, ASEA Power Systems, Power Products, and American Battery Charging. The Company focuses on critical system applications in specialty vehicle, public safety, and industrial/marine applications where durability, reliability, and performance are essential to deliver immediately accessible power. MCE’s solutions address application-specific requirements for 4,000 customers across 2,000+ branded SKUs. MCE is based in Dallas, Texas.

Sell -
SELLER

Praesidian Capital

Oklahoma City, New York, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Praesidian Capital is a mezzanine debt provider for middle-market companies throughout the US and Europe. Praesidian looks to provide junior capital to businesses with revenues between $3 and $100 million and EBITDA between $250k and $20 million. Capital is typically used to support acquisitions, management/leveraged buyouts, recapitalizations, and restructurings. Praesidian will not invest in oil & gas exploration, financial services, real estate, or start-ups. Praesidian Capital was formed in 2002 and is based in New York City.

DEAL STATS #
Overall 12 of 29
Sector (Machinery) 1 of 2
Type (Add-on Acquisition) 5 of 10
State (Colorado) 1 of 1
Country (United States) 12 of 27
Year (2016) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-10 Action Target

Provo, Utah, United States

Action Target is a provider of shooting range equipment for law enforcement and military applications. Action Target’s key markets include commercial, law enforcement, and military. With over 4,000 products and 40 patents for the systems it designs and manufactures, Action Target differentiates itself from its competitors with its unique start-to-finish approach from design and engineering to manufacturing and installation. Action Target also designs systems and conducts firearms training for law enforcement and various military divisions. Action Target was founded in 1986 and is based in Provo, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-26 National Truck Protection

Winston-Salem, North Carolina, United States

National Truck Protection is a provider of extended service contracts for critical coverage on high-value fundamental drivetrain components for used class 3 through 8 trucks. National Truck Protection was founded in 1983 and is based in Winston-Salem, North Carolina.

Sell -
Mergr

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