M&A Deal Summary |
|
|---|---|
| Date | 2016-09-30 |
| Target | Mission Critical Electronics |
| Sector | Electrical Equipment |
| Buyer(s) | Windjammer Capital |
| Sellers(s) |
Evolve Capital
Diamond State Ventures Plexus Capital Praesidian Capital Capitala Group Harbert Private Capital |
| Deal Type | Secondary Buyout |
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| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1990 |
| PE ASSETS | 2.0B USD |
| Size | Large |
| Type | Sector Agnostic |
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 | 38 of 48 |
| Sector (Electrical Equipment) | 4 of 5 |
| Type (Secondary Buyout) | 11 of 18 |
| State (Texas) | 1 of 1 |
| Country (United States) | 38 of 48 |
| Year (2016) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-05-31 |
Infinite Electronics
Irvine, California, United States Infinite Electronics is a supplier of engineering-grade radio-frequency technology products, operating under its proprietary brands for a global engineering base. IRF serves the high urgency, technical needs segment of the global RF component market, and differentiates itself through a broad selection of RF components available for same-day shipping, custom cable design and assembly capabilities for 250,000+ unique configurations, and significant technical expertise in bringing new products to the market and providing solutions for R&D engineers. Infinite Electronics was formed in 1972 and is based in Irvine, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-10-31 |
Advanced Instruments
Norwood, Massachusetts, United States Advanced Instruments is a designer, manufacturer, and marketer of laboratory test equipment and related consumables for use in clinical, food and dairy, microbiology, pharmaceutical, and biotech markets. With an array of technical competencies, including being the world’s foremost authority on the application of Freezing Point Depression technology for measuring the osmolality of solutions, AI serves thousands of end-users in over 90 countries under the Advanced Instruments, Fiske, and Mart Microbiology brands. Advanced Instruments was founded in 1955 and is based in Norwood, Massachusetts. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| Size | Small |
| Type | Sector Agnostic |
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 | 13 of 18 |
| Sector (Electrical Equipment) | 1 of 1 |
| Type (Secondary Buyout) | 8 of 10 |
| State (Texas) | 4 of 4 |
| Country (United States) | 13 of 18 |
| Year (2016) | 4 of 4 |
| 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 | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-03-07 |
Heartland Dental
Effingham, Illinois, United States Heartland Dental is a dental support organization, providing non-clinical administrative support services to over 840 offices and more than 1,300 supported dentists across 35 states. Heartland Dental partners with its supported dentists to deliver high quality care across the full spectrum of dental services. Heartland Dental was founded in 1997 and is headquartered in Effingham, Illinois. |
Sell | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 125M USD |
| Size | Small |
| Type | Sector Agnostic |
Diamond State Ventures (DSV) is a private equity and venture capital firm focused on small and lower middle-market company investments in Arkansas, as well as the Midwest and Southeast US. DSV looks to commit $1 to $5 million per investment, which can take the form of subordinated debt, preferred equity or a combination of the two. Prospective transaction situations include growth capital financings, management buyouts, family successions, recapitalizations, and early stage investments. Sectors of interest include niche manufacturing, business services, media, consumer products and services, education, healthcare, and technology. DSV will not invest in seed or startup companies. Diamond State Ventures is based in Little Rock.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 14 |
| Sector (Electrical Equipment) | 2 of 2 |
| Type (Secondary Buyout) | 1 of 2 |
| State (Texas) | 1 of 2 |
| Country (United States) | 5 of 14 |
| Year (2016) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-07-21 |
Verrex
Mountainside, New Jersey, United States Verrex is a provider in designing, integrating, supporting, managing, and deploying audio-visual and unified communication systems and services that allow organizations to thrive within evolving workforces, environments, and work styles. Verrex was founded in 1947 and is based in Mountainside, New Jersey. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-11-30 |
Domaille Engineering
Rochester, Minnesota, United States Domaille Engineering is a provider of polishing machines and fixtures, inspection equipment and associated engineered products for the rapidly growing fiber-optic cable market. The Company also engineers and manufactures complex, mission-critical products for the defense, aerospace, national security, telecommunications, energy and medical sectors. Domaille Engineering was founded in 1990 and is based in Rochester, Minnesota. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 2.2B USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 19 of 41 |
| Sector (Electrical Equipment) | 1 of 1 |
| Type (Secondary Buyout) | 4 of 8 |
| State (Texas) | 1 of 4 |
| Country (United States) | 19 of 41 |
| Year (2016) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-03-03 |
Wolf Manufacturing
Waco, Texas, United States Wolf Manufacturing is a manufacturer/importer of fine sewn products ranging from neck pillows, travel pillows, travel blankets, fleece throws, stadium blankets, and other items. The company sells to retailers including airport stores, mass merchandisers, drug and pharmacy stores, travel centers, specialty stores, off-price retailers, as well as online retailers. Wolf Manufacturing was formed in 1946 and is based in Waco, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-03-14 |
Hayes Software Systems
Austin, Texas, United States Hayes Software Systems is a provider of SaaS software and service solutions designed to educate school districts on how to best manage their inventories. Hayes Software Systems was founded in 1990 and is based in Austin, Texas. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2002 |
| PE ASSETS | 1.0B USD |
| Size | Large |
| Type | Sector Agnostic |
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 | 15 of 29 |
| Sector (Electrical Equipment) | 2 of 2 |
| Type (Secondary Buyout) | 5 of 13 |
| State (Texas) | 4 of 4 |
| Country (United States) | 15 of 27 |
| Year (2016) | 4 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-08-08 |
Sun Water Systems
Haltom City, Texas, United States Sun Water Systems, Inc. (dba Aquasana) is a designer, assembler and marketer of premium performance water treatment products, including whole-house treatment systems, drinking water solutions for at home and on-the-go, and shower filters. |
Sell | $87M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-11-07 |
Palmetto Moon
Charleston, South Carolina, United States Palmetto Moon is a specialty retailer in the Lifestyle Merchandising segment in the southeastern U.S. The company have rapidly grown into a one-stop shop for women’s and men’s fashion, kids apparel and gifts, home goods, shoes, accessories, collegiate gear, drinkware, and more for the Southern at heart. Palmetto Moon was founded in 2002 and is based in Charleston, South Carolina. |
Buy | - |
| Category | Asset Manager |
|---|---|
| Founded | 1998 |
| PE ASSETS | 2.2B USD |
| Size | Large |
| Type | Sector Agnostic |
Capitala Group is an asset manager that provides equity and mezzanine capital to mid-sized companies valued up to $250 million. Funds are generally used to support growth needs, add-on acquisitions, management/leveraged buyouts, and recapitalizations. Capitatala will invest across the US, but generally targets opportunities located in the Southeast. Industry preferences include building products, business services, consumer/reteail, general industrial, healthcare, and technology. Prospective companies typically have revenues greater than $10 million and EBITDA of at least $3 million. Capitala was formed in 1998 and is headquartered in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 26 of 53 |
| Sector (Electrical Equipment) | 2 of 2 |
| Type (Secondary Buyout) | 9 of 19 |
| State (Texas) | 2 of 3 |
| Country (United States) | 25 of 52 |
| Year (2016) | 3 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-09-19 |
myAgway
North Branford, Connecticut, United States myAgway is an Agway dealership in Connecticut and operates under the myAgway brand. myAgway operates six freestanding retail outlets in the western and central parts of the state: two in New Haven County, two in Hartford County, one in Middlesex County, and one in Fairfield County. myAgway is based in North Branford, Connecticut. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-11-18 |
BigMouth
Glastonbury, Connecticut, United States BigMouth is a designer and supplier of leisure-and-impulse-oriented consumer products. Sample product categories include inflatables and beach products, gifts, mugs, barware, and wine accessories, various housewares, and garden gifts, among others. BigMouth was founded in 2001 and is based in Glastonbury, Connecticut. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1985 |
| PE ASSETS | 4.7B USD |
| Size | Mega |
| Type | Sector Agnostic |
Harbert Private Equity and Mezzanine is a private equity arm of Harbert Management Corp. The Private Equity group targets leveraged buyouts, recapitalizations, expansion capital investments, and distressed situations. The firm targets opportunities across a range of industries and typical transactions have enterprise values between A$10 and A$100 million. The Mezzanine Capital group seeks subordinated debt investments and can commit $3 to $15 million per transaction. . Harbert Management Corporation was formed in 1985 and has offices in Birmingham, Alabama; New York, New York; Nashville, Tennessee; Richmond, Virginia; London; Madrid; Paris; and Melbourne.
| DEAL STATS | # |
|---|---|
| Overall | 29 of 43 |
| Sector (Electrical Equipment) | 1 of 1 |
| Type (Secondary Buyout) | 7 of 8 |
| State (Texas) | 5 of 7 |
| Country (United States) | 28 of 42 |
| Year (2016) | 4 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-07-20 |
WellCentive
Roswell, Georgia, United States WellCentive, Inc. is a provider of healthcare intelligence solutions to healthcare organizations in the United States. It offers Advance Outcomes Manager, which collects, analyzes, and reports on administrative and clinical data. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-12-30 |
STX Healthcare Management Services
Bellaire, Texas, United States STX Healthcare Management Services, Inc. is a dental practice management services company that provides back-office and management services to dental clinics throughout the Southeast. STX was established in 2009 and is based in Bellaire, Texas. |
Sell | - |
