M&A Deal Summary

Wind Point Partners Acquires STG Logistics

On August 31, 2016, private equity firm Wind Point Partners acquired transportation company STG Logistics from Ironwood Capital, LongueVue Capital and Long Point Capital

Acquisition Highlights
  • This is Wind Point Partners’ 4th transaction in the Transportation sector.
  • This is Wind Point Partners’ 50th transaction in the United States.
  • This is Wind Point Partners’ 6th transaction in Illinois.

M&A Deal Summary

Date 2016-08-31
Target STG Logistics
Sector Transportation
Buyer(s) Wind Point Partners
Sellers(s) Ironwood Capital
LongueVue Capital
Long Point Capital
Deal Type Secondary Buyout

Target

STG Logistics

Bensenville, Illinois, United States
STG Logistics is a provider of facilities-based containerized logistics services including container deconsolidation, reconsolidation, transloading, warehousing, and outsourced transportation solutions including final mile delivery. STG Logistics was founded in 1985 and is based in Bensenville, Illinois.

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Buyer(S) 1

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 54 of 82
Sector (Transportation) 4 of 5
Type (Secondary Buyout) 17 of 27
State (Illinois) 6 of 9
Country (United States) 50 of 75
Year (2016) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-02 Aurora Plastics

Streetsboro, Ohio, United States

Aurora Plastics produces customized rigid polyvinyl chloride (“RPVC”) compounds for extruding and injection molding customers throughout North America. Aurora provides quality and service through highly automated manufacturing facilities in Ohio and North Carolina. Aurora Plastics was founded in 1997 and is based in Streetsboro, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-12 Performance Optics

Ramsey, Minnesota, United States

Performance Optics LLC is a global ophthalmic lens manufacturer specializing in polycarbonate, photochromic, polarized and high index eyeglass lenses.

Sell -

Seller(S) 3

SELLER

Ironwood Capital

Avon, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1986
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $10 to $40 million in companies generating $20 to $250 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.


DEAL STATS #
Overall 22 of 53
Sector (Transportation) 1 of 3
Type (Secondary Buyout) 4 of 12
State (Illinois) 2 of 4
Country (United States) 22 of 53
Year (2016) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-16 Consulting Solutions International

Jacksonville, Florida, United States

Consulting Solutions International is a provider of information technology, consulting and recruiting that is primarily focused on providing permanent and contract IT resources to augment a client’s existing staff while implementing or upgrading complex systems. Consulting Solutions International was founded in 2000 and is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-20 Merrill Industries

Ellington, Connecticut, United States

Merrill Industries is a manufacturer and sells high-quality corrugated and solid fiber packaging products, and resells packing filler materials such as foam and plastic inserts. Merrill Industries is based in Ellington, Connecticut.

Buy -
SELLER

LongueVue Capital

Metairie, Louisiana, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LongueVue Capital is a private equity company that targets profitable, small to mid-sized companies generating up to $150 million of revenue. LongueVue will consider a variety of investment situations, including corporate divestitures and buyouts, recapitalization/acquisitions of family owned businesses with transition challenges, and turnarounds. LongueVue Capital was formed in 2001 and is based in Metairie, Louisiana.


DEAL STATS #
Overall 6 of 12
Sector (Transportation) 2 of 3
Type (Secondary Buyout) 4 of 7
State (Illinois) 1 of 1
Country (United States) 6 of 12
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 ECA Medical

Thousand Oaks, California, United States

ECA Medical is a medical technology company focused on the development and manufacturing of single-procedure, torque-limiting instruments, fixed drivers and kits for the global medical device and implant market. ECA Medical was founded in 1979 and is based in Thousand Oaks, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-25 Zavation

Flowood, Mississippi, United States

Zavation is a designer and manufacturer of high-quality spinal implants, instruments, and biologics. Zavation designs, engineers, and manufactures a portfolio of spinal hardware covering key areas including thoracolumbar, cervical, interbody fusion, and minimally invasive surgery. Zavation was founded in 2012 and is based in Flowood, Mississippi.

Buy -
SELLER

Long Point Capital

Royal Oak, Michigan, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 315M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Long Point Capital is a private equity firm that targets investments in mid-sized North American companies where current management looks to continue on with the business. Sectors of interest include manufacturing, distribution, and services. Long Point prefers to be the lead investor and looks for businesses generating sales of $30 to $200 million and EBITDA of at least $5 million. Prospective transaction types include recapitalizations, growth equity investments, industry consolidations, generational ownership changes, and management buyouts. Long Point was formed in 1998 and is based in Royal Oak, Michigan with an additional office in New York City.


DEAL STATS #
Overall 15 of 22
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 6 of 11
State (Illinois) 2 of 2
Country (United States) 15 of 21
Year (2016) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-13 Corsicana Bedding

Corsicana, Texas, United States

Corsicana Bedding is a manufacturer of mattresses, foundations, and related sleep products. Corsicana Mattress was founded in 1971 and is based in Corsicana, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-25 Cumming Group

Seattle, Washington, United States

Cumming Group is a provider of efficient and cost-effective solutions to ensure that projects in the aviation, corporate office, culture, education, data center, healthcare, hospitality, life sciences, manufacturing, public works, and retail sectors are executed on time and within budget. Cumming provides a solutions-oriented suite of services that specifically addresses its clients’ unique challenges, thus enabling them to achieve extraordinary results. Cumming Group was founded in 1996 and headquartered in Seattle, Washington.

Sell -