M&A Deal Summary

Windjammer Capital Acquires Component Hardware

On July 11, 2013, mezzanine finance firm Windjammer Capital acquired building materials company Component Hardware from Liberty Partners

Acquisition Highlights
  • This is Windjammer Capital’s 1st transaction in the Building Materials sector.
  • This is Windjammer Capital’s 34th transaction in the United States.
  • This is Windjammer Capital’s 2nd transaction in New Jersey.

M&A Deal Summary
Date 2013-07-11
Target Component Hardware
Sector Building Materials
Buyer(s) Windjammer Capital
Sellers(s) Liberty Partners
Deal Type Secondary Buyout

Target

Component Hardware

Lakewood, New Jersey, United States
Component Hardware is a designer and supplier of specialty hardware components and plumbing products for use in commercial and institutional environments, including restaurants, cafeterias, hospitals, nursing homes, cruise ships, and schools. Component Hardware was founded in 1981 and is based in Lakewood, New Jersey.

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Buyer(S) 1

Buyer

Windjammer Capital

Newport Beach, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1990
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Windjammer Capital Investors is a private investment firm that invests control equity, minority equity, and/or subordinated debt in growing middle-market businesses. The Firm seeks to invest between $50 and $200 million of equity or subordinated debt in companies that generate at least $8 million of EBITDA. Windjammer focuses on North American-based opportunities and prefers companies with scalable business models, differentiated products/services, and that operate in defensible markets. Broad sectors of interest include manufacturing, business services and value-added distribution. Windjammer does not invest in high technology, real estate, and financial services companies. Windjammer Capital Investors was formed in 1990 and has offices in Waltham, Massachusetts and Newport Beach, California.

DEAL STATS #
Overall 34 of 48
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 8 of 18
State (New Jersey) 2 of 2
Country (United States) 34 of 48
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-01 itel

Jacksonville, Florida, United States

itel is an insurance service provider that helps property insurance companies effectively settle claims worldwide. itel is committed to custom-fitting its service offering to meet the unique needs of each international insurance market. itel was founded in 1993 and is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-03 RegO

Elon, North Carolina, United States

RegO is a designer and manufactures a comprehensive range of flow control valves and regulators that are sold to domestic and international markets under the RegO and Goddard brand names. RegO was formed in 1908 and is based in Elon, North Carolina.

Buy -

Seller(S) 1

SELLER

Liberty Partners

New York, New York, United States

Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Liberty Partners is a private equity investment firm that targets controlling or substantial-minority investments in North American companies. Liberty looks for opportunities in manufacturing, business services, and education-related companies and seeks to invest $20 to $75 million of equity capital per transaction. Target businesses generally have at least $50 million in revenues and at least $6 million in EBITDA. Prospective transaction types include leveraged buyouts, corporate divestitures, recapitalizations, going-privates, build-ups, and growth financings. Liberty Partners was formed in 1992 and is based in New York City.

DEAL STATS #
Overall 28 of 32
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 8 of 9
State (New Jersey) 1 of 1
Country (United States) 28 of 32
Year (2013) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-10 Source Technologies

Charlotte, North Carolina, United States

Source Technologies, LLC is a provider of power to control financial transactions in real time using dynamic hardware, software and self-service solutions. Company products include magnetic ink character recognition (MICR) printers for printing checks and other negotiable documents using a level of security unrivaled in the industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-04 YTI Career Institute

Altoona, Pennsylvania, United States

YTI Career Institute (“YTI”) is a private, for-profit postsecondary educational institution that trains students for entry-level positions in technical, business, culinary arts, computer technology, and allied health careers. The Company operates two separate school facilities, located in York and Lancaster, Pennsylvania.

Sell -
Mergr

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