M&A Deal Summary

Yukon Partners and Carlson Private Capital Partners Acquire Lakeshirts

On January 21, 2020, mezzanine finance firm Yukon Partners and family office Carlson Private Capital Partners acquired apparel/textiles company Lakeshirts

Acquisition Highlights
  • This is Yukon Partners’ 2nd and Carlson Private Capital Partners’ 1st transaction in the Apparel/Textiles sector.
  • This is Yukon Partners’ 44th and Carlson Private Capital Partners’ 2nd transaction in the United States.
  • This is Yukon Partners’ 2nd and Carlson Private Capital Partners’ 2nd transaction in Minnesota.

M&A Deal Summary
Date 2020-01-21
Target Lakeshirts
Sector Apparel/Textiles
Buyer(s) Yukon Partners
Carlson Private Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Lakeshirts

Detroit Lakes, Minnesota, United States
Lakeshirts is a designer, manufacturer, and value-added distributor of customized apparel and provides merchandising solutions to the resort and college-licensed apparel and accessories markets. The Company collaborates with its specialty retailer customers to develop and supply attractive, unique products for markets where consumer demand is driven by impulse and emotional connection to an experience. Lakeshirts was founded in 1984 and is based in Detroit Lakes, Minnesota.

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Buyer(S) 2

Buyer

Yukon Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2008
PE ASSETS 640M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Yukon Partners is a mezzanine finance firm that works with private equity sponsors to fund a variety of investment situations. Yukon looks to invest $10 to $40 million to support buyouts, recapitalizations, take privates, and refinancings. Sectors of interest include automotive, building products, business services, consumer products, food/beverages, healthcare products/services, industrial manufacturing, niche manufacturing, and transportation/logistics. Prospective companies generally have revenues of $30 to $500 million and are profitable with EBITDA of $5 to $50 million. Yukon Partners was formed in 2008 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 45 of 54
Sector (Apparel/Textiles) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 11 of 12
State (Minnesota) 2 of 2
Country (United States) 44 of 53
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Midwest Paper Group

Combined Locks, Wisconsin, United States

Midwest Paper Group is a manufacturer and distributor of recycled containerboard, natural kraft & bleached packaging, and printing & writing grades. Midwest Paper was founded in 1889 and is based in Combined Locks, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 GSM Outdoors

Irving, Texas, United States

GSM Outdoors specializes in developing and marketing innovative products for the hunting, sport shooting, and rugged outdoor enthusiast market. GSM owns 20+ industry-leading brands including stealth cam, walker’s, muddy outdoors, birchwood casey, hawk, cyclops, western rivers, american hunter, HME, and SME among others. GSM’s strong focus on innovation, product development, rigorous quality control, and customer support has earned it a reputation for delivering top quality outdoor gear backed by industry-leading customer service. GSM Outdoors was founded in 1999 and is based in Irving, Texas.

Sell -
Buyer

Carlson Private Capital Partners

Investor Investor Investor Investor

Category Family Office
Founded 2018
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Carlson Private Capital Partners is a family office focused on acquiring and investing in profitable, industry-leading businesses in the US and Canada. The Firm targets founder or family owned businesses with $50 to $500 million of revenue and $8 to $40 million of EBITDA. Carlson also looks to work with management teams seeking to transition from private equity ownership to a longer-term investor. Carlson Private Capital Partners was formed in 2018 and is headquartered in Minnetonka, Minnesota.

DEAL STATS #
Overall 2 of 6
Sector (Apparel/Textiles) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Minnesota) 2 of 3
Country (United States) 2 of 6
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-08 LindFast Solutions Group

Blaine, Minnesota, United States

LindFast Solutions Group is a master distributor of specialty fasteners in the North American market serving a broad base of national, regional, and local distribution customers through its metric (Lindstrom) and imperial (Stelfast) product brands. LindFast Solutions is based in Blaine, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-13 Street Smart Rental

Lino Lakes, Minnesota, United States

Street Smart Rental offers short-term and long-term rental options for traffic control companies across the country and Canada. Street Smart Rental was founded in 1999 and is based in Lino Lakes, Minnesota.

Buy -
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