M&A Deal Summary

Woodlawn Partners and Lightspring Capital Partners Acquire Active Roofing

On April 14, 2022, private equity firms Woodlawn Partners and Lightspring Capital Partners acquired construction company Active Roofing

Acquisition Highlights
  • This is Woodlawn Partners’ 2nd and Lightspring Capital Partners’ 2nd transaction in the Construction sector.
  • This is Woodlawn Partners’ 13th and Lightspring Capital Partners’ 6th transaction in the United States.
  • This is Woodlawn Partners’ 1st and Lightspring Capital Partners’ 2nd transaction in Illinois.

M&A Deal Summary

Date 2022-04-14
Target Active Roofing
Sector Construction
Buyer(s) Woodlawn Partners
Lightspring Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Prairie Capital Advisors Inc. (Financial)

Target

Active Roofing

Chicago, Illinois, United States
Active Roofing is a commercial roofing company. The Company primarily serves the greater Chicago industrial property market. Active Roofing was founded in 1965 and is based in Chicago, Illinois.

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Buyer(S) 2

DESCRIPTION

Woodlawn Partners, Inc. is a private investment firm focused on acquiring businesses in traditional industries. The Firm targets companies with at least $5 million in revenues and $1 million of EBITDA. Sectors of interest include manufacturing, facility services, information technology, financial services, food/beverages, transportation, and distribution. Woodlawn Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 13 of 15
Sector (Construction) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 11 of 13
State (Illinois) 1 of 2
Country (United States) 13 of 15
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-29 New Horizon Foods

Des Moines, Iowa, United States

New Horizon Foods manages foodservice programs for senior housing, education, treatment centers, and county jails. New Horizon Foods was founded in 1987 and is based in Des Moines, Iowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-05 Piranha

Rockford, Illinois, United States

Piranha is a provider of metal fabrication and cutting equipment. Piranha designs, engineers, assembles, and distributes metal fabrication equipment, such as ironworkers, fiber lasers and plasma tables, amongst others, and associated aftermarket parts, accessories, and tooling. Piranha is based in Rockford, Illinois.

Buy -
Buyer
DESCRIPTION

Lightspring Capital Partners is a private equity firm that looks to acquire majority positions in profitable lower middle-market companies with $10 to $75 million of revenue. The Firm will consider opportunities throughout the US, but has a preference for businesses in the Midwest. Areas of interest include niche manufacturing, value-added distribution, business services, consumer products, transportation, and logistics. Lightspring Capital Partners is based Chicago, Illinois.


DEAL STATS #
Overall 6 of 9
Sector (Construction) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 5 of 7
State (Illinois) 2 of 3
Country (United States) 6 of 9
Year (2022) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-17 ICAT Logistics

Elkridge, Maryland, United States

ICAT Logistics is a specialty provider of global transport logistics and expedited freight services. ICAT Logistics was established in 1993 and is based in Elkridge, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-01 BedJet

Newport, Rhode Island, United States

BedJet is, at its heart, a sleep technology company. BedJet mission is to apply bleeding-edge engineering design, technology, and proven medical science into improving the sleep and bedroom comfort experience. BedJet is based in Newport, Rhode Island.

Buy -