M&A Deal Summary

Wind Point Partners and Monroe Capital Acquire MOREgroup

On January 17, 2024, private equity firm Wind Point Partners and lender Monroe Capital acquired engineering company MOREgroup from Godspeed Capital Management

Acquisition Highlights
  • This is Wind Point Partners’ 3rd and Monroe Capital’s 2nd transaction in the Engineering sector.
  • This is Wind Point Partners’ 75th and Monroe Capital’s 103rd transaction in the United States.
  • This is Wind Point Partners’ 9th and Monroe Capital’s 9th transaction in Texas.

M&A Deal Summary
Date 2024-01-17
Target MOREgroup
Sector Engineering
Buyer(s) Wind Point Partners
Monroe Capital
Sellers(s) Godspeed Capital Management
Deal Type Secondary Buyout
Advisor(s) AEC Advisors (Financial)

Target

MOREgroup

Fort Worth, Texas, United States
MOREgroup is a family of design, architecture and engineering brands that each uniquely focus on a single area of expertise. Formed through the combination of Huckabee, Rachlin Partners, TSK Architects, Image Engineering Group (IEG), and Environments for Health Architecture (E4H). MOREgroup is based in Fort Worth, Texas.

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Buyer(S) 2

Buyer

Wind Point Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wind Point Partners is a private equity firm focused on acquisitions of mid-sized companies operating in the business services, consumer products, healthcare services, and industrial products sectors. Wind Point looks to invest $60 to $130 million in companies valued up to $500 million. Prospective transaction types include leveraged buyouts, recapitalizations, industry consolidations, and growth capital financings. Wind Point Partners began investing in 1984 and is based in Chicago.

DEAL STATS #
Overall 82 of 82
Sector (Engineering) 3 of 3
Type (Secondary Buyout) 27 of 27
State (Texas) 9 of 9
Country (United States) 75 of 75
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-13 Shearer’s Foods

Massillon, Ohio, United States

Shearer's Foods is a producer of high-quality seasoned snack foods and related products. Shearer's produces kettle chips. Shearer's Foods was formed in 1974 and is based in Massillon, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-16 Handgards

El Paso, Texas, United States

Handgards manufactures and supplies high-quality food service disposable products, including gloves, bags, protective apparel, and flexible packaging. Handgards’ products are sold throughout North America to an extensive base of broad-line distributors, group purchasing organizations (“GPOs”), and national foodservice accounts. Handgards was founded in 1959 and is based in El Paso, Texas.

Sell -
Buyer

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago.

DEAL STATS #
Overall 104 of 115
Sector (Engineering) 2 of 2
Type (Secondary Buyout) 13 of 14
State (Texas) 9 of 9
Country (United States) 103 of 114
Year (2024) 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-27 Newman Machine

Browns Summit, North Carolina, United States

Newman Machine specializes in designing and engineering a wide range of equipment, such as planers, grinders, and sanders. Newman Machine was founded in 1907 and is based in Browns Summit, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-06 ZeroFox

Baltimore, Maryland, United States

ZeroFox is a Social Risk Management company that provides enterprises external threat intelligence and protection to disrupt threats to brands, people, assets, and data across the public attack surface in one, comprehensive platform. ZeroFox was founded in 2013 and is based in Baltimore, Maryland.

Buy $350M

Seller(S) 1

SELLER

Godspeed Capital Management

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2021
Size Small
Type Sector Focused
DESCRIPTION

Godspeed Capital Management is a private equity firm focused on the defense and government services sectors. The Firm targets control investments in lower middle-market, profitable ($3 to $30 million of EBITDA) businesses where it can work alongside management to grow companies. Specific areas of interest include IT, cybersecurity, logistics, space, intelligence, and engineering. Godspeed Capital Management was formed in 2021 and is headquartered in Washington DC.

DEAL STATS #
Overall 8 of 9
Sector (Engineering) 3 of 4
Type (Secondary Buyout) 1 of 2
State (Texas) 1 of 1
Country (United States) 8 of 9
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-16 Stengel Hill Architecture

Louisville, Kentucky, United States

Stengel Hill Architecture is a full service Architectural and Interior Design Firm. Stengel Hill Architecture was founded in 1996 and is based in Louisville, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-03 Infrastructure Consulting & Engineering

West Columbia, South Carolina, United States

Infrastructure Consulting & Engineering (ICE) is a full-service transportation consulting and design firm focused on public infrastructure projects in the Southeastern U.S. Infrastructure Consulting & Engineering was founded in 2013 and headquartered in Columbia, South Carolina.

Buy -
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