M&A Deal Summary

Woodlawn Partners, BGF and Banyan Investment Partners Acquire BB7

On October 1, 2014, private equity firm Woodlawn Partners, growth capital firm BGF and mezzanine finance firm Banyan Investment Partners acquired business services company BB7

Acquisition Highlights
  • This is Woodlawn Partners’ 1st, BGF’s 6th and Banyan Investment Partners’ 10th transaction in the Business Services sector.
  • This is Woodlawn Partners’ 5th, BGF’s 1st and Banyan Investment Partners’ 66th transaction in the United States.
  • This is Woodlawn Partners’ 2nd, BGF’s 1st and Banyan Investment Partners’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2014-10-01
Target BB7
Sector Business Services
Buyer(s) Woodlawn Partners
BGF
Banyan Investment Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

BB7

Madison, Wisconsin, United States
BB7 is an operator of product design and product development consulting firm focused on providing strategy, innovation, design, engineering, prototyping, and testing services through new product implementation. BB7 was founded in 1944 and is based in Madison, Wisconsin.

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Buyer(S) 3

Buyer

Woodlawn Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
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 5 of 15
Sector (Business Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 13
State (Wisconsin) 2 of 2
Country (United States) 5 of 15
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-25 NewKota Services and Rentals

Minot, North Dakota, United States

NewKota Services and Rentals provides oilfield line deicing services and rents unique, patent-pending waste fluid management tanks and pipe ramps. NewKota Services and Rentals was founded in 2011 and is based in Minot, North Dakota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Venom

Rathdrum, Idaho, United States

Venom is engaged in the design, development, marketing and wholesale distribution of cutting-edge rechargeable batteries, battery management systems (BMS) and related battery charging and maintenance accessories used in the operation of drones, UAVs, robotics, and radio controlled models. Venom was formed in 2001 and is based in Rathdrum, Idaho.

Buy -
Buyer

BGF

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2011
PE ASSETS 2.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Business Growth Fund (BGF) is a private investment firm focused on early and growth-stage investing across the UK. The Firm also invests in publicly traded companies. BGF's growth team looks to invest £1 to £15 million in small to mid-sized companies looking for additional capital to pursue growth. BGF was established in 2011 and is headquartered in London.

DEAL STATS #
Overall 54 of 325
Sector (Business Services) 6 of 24
Type (Buyout (LBO, MBO, MBI)) 4 of 7
State (Wisconsin) 1 of 1
Country (United States) 1 of 3
Year (2014) 20 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-15 Victoria

Worcester, United Kingdom

Victoria is an international manufacturer, supplier and distributor of contemporary design-led carpets, carpet tiles and other floorcoverings, targetting the mid to high-end markets in which we operate. Victoria was founded in 1895 and is based in Worcester, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-17 Nationwide Window Cleaning

Knaresborough, United Kingdom

Nationwide Window Cleaning Ltd. is a provider of window cleaning and associated services. Nationwide Window Cleaning was founded in 2009 and is based in Knaresborough, United Kingdom.

Buy -
Buyer

Banyan Investment Partners

Miami, Florida, United States

Investor

Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Banyan is a specialty finance firm that provides mezzanine capital to smaller middle-market companies headquartered primarily in the Southeast US. Banyan looks to invest $5 to $25 million of junior capital in profitable companies. The Firm does not have any industry preferences, however, Banyan will not invest in real estate development, oil and gas exploration, direct lenders, start-ups or turn-around situations. Banyan Mezzanine was formed in 2002 and is based in Miami, Florida.

DEAL STATS #
Overall 66 of 73
Sector (Business Services) 10 of 10
Type (Buyout (LBO, MBO, MBI)) 24 of 28
State (Wisconsin) 1 of 1
Country (United States) 66 of 73
Year (2014) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-05 ScooterBug

Orlando, Florida, United States

ScooterBug, Inc. is the company focused exclusively on providing fleet management solutions for mobility products to theme and amusement parks, zoos, aquariums, casinos and other destination locations.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-08 Waples Manufacturing

Fort Worth, Texas, United States

Waples Manufacturing is an outsourced contract manufacturer that provides highly customized, complex-shaped products from a multitude of materials for small lot and medium volume requirements. Waples provides precision machined solutions for the oil & gas, mining, construction, aerospace, defense, and printing end markets. Waples Manufacturing was founded in 1964 and is based in Fort Worth, Texas.

Buy -
Mergr

Product

Company

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