M&A Deal Summary

XFS Global Acquires Creative Tent International

On October 3, 2023, XFS Global acquired manufacturer Creative Tent International from Progress Equity Partners and Lake Country Capital

Acquisition Highlights
  • This is XFS Global’s 1st transaction in the Manufacturing sector.
  • This is XFS Global’s 1st transaction in the United States.
  • This is XFS Global’s 1st transaction in Nevada.

M&A Deal Summary

Date 2023-10-03
Target Creative Tent International
Sector Manufacturing
Buyer(s) XFS Global
Sellers(s) Progress Equity Partners
Lake Country Capital
Deal Type Add-on Acquisition

Target

Creative Tent International

Henderson, Nevada, United States
Creative Tent International is a designer and manufacturer of highly engineered tension fabric, clear-span structures deployable for a wide range of defense, aerospace, government, and commercial applications. Creative Tent International was founded in 2004 and is based in Henderson, Nevada.

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Buyer(S) 1

Buyer

XFS Global

Natural Bridge, Virginia, United States

Category Company
Sector Defense
DESCRIPTION

XFS Global provides fully integrated semi-permanent engineered fabric shelter systems for various applications such as aircraft storage, aircraft maintenance, warehouse space, temporary billeting, dining facilities, sports complexes, and more. XFS Global is based in Natural Bridge, Virginia.


DEAL STATS #
Overall 1 of 2
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: Nevada M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2023 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-03 HeyTex USA

Pulaski, Virginia, United States

HeyTex USA produces coated, laminated, and composite fabrics for the single-ply roofing, transportation, marine, military, environmental, airline, inflatable, industrial, agricultural, recreational, and athletic industries. HeyTex USA was founded in 1949 and is based in Pulaski, Virginia.

Buy -

Seller(S) 2

SELLER

Progress Equity Partners

Dallas, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Progress Equity Partners is a private investment firm that seeks control positions in 'well-managed, entrepreneurial, service-based businesses.' Progress focuses on companies with sustainable/scalable business models and low capital expenditures. Specific areas of interest include building products/construction services, communication, marketing, facility maintenance services, franchising, manufacturing, retail, specialty food and healthcare services. Progress Equity Partners is based in Dallas, Texas.


DEAL STATS #
Overall 14 of 14
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 7
State: Nevada M&A 1 of 1
Country: United States M&A 14 of 14
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-01 Hanson Lab Solutions

Camarillo, California, United States

Hanson Lab Solutions is a vertically-integrated manufacturer and supplier of laboratory casework, fume hoods, and related accessories to R&D laboratory owners and users in the western U.S. including the world’s most prominent biotech, pharmaceutical and life science companies. Hanson Lab Solutions was founded in 1977 and is based in Camarillo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-28 Salisbury Moore

Raleigh, North Carolina, United States

Salisbury Moore provides renovation and remodeling services for hotel brands across the U.S. Salisbury Moore also renovates municipal and commercial properties for state agencies and local governments. Salisbury Moore is based in Raleigh, North Carolina.

Buy -
SELLER

Lake Country Capital

Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2017
PE ASSETS 182M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Lake Country Capital is a debt and equity investment firm providing transitional and growth capital to US lower middle-market companies. The firm targets businesses with over $2 million in EBITDA across a variety of industries, including the manufacturing, business services, consumer-related and medical/healthcare sectors. Lake Country Capital works in partnership with management teams, business owners and private equity firms to finance growth initiatives, recapitalizations and ownership transitions. Lake Country Capital was established in 2017 and has offices in Minneapolis and Los Angeles.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Nevada M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-07 Catalina Finer Foods

Tampa, Florida, United States

Catalina Finer Foods is a manufacturer of authentic Cuban and Caribbean cuisine including varieties of croquettes, stuffed potato balls, tamales, stuffed cassava, and other ancillary products. Catalina Finer Foods was founded in 1974 and is based in Tampa, Florida.

Buy -