M&A Deal Summary

Zone Enterprises Acquires Can-Do National Tape

On January 16, 2023, Zone Enterprises acquired distribution company Can-Do National Tape from High Street Capital

Acquisition Highlights
  • This is Zone Enterprises’ 1st transaction in the Distribution sector.
  • This is Zone Enterprises’ 1st transaction in the United States.
  • This is Zone Enterprises’ 1st transaction in Tennessee.

M&A Deal Summary

Date 2023-01-16
Target Can-Do National Tape
Sector Distribution
Buyer(s) Zone Enterprises
Sellers(s) High Street Capital
Deal Type Add-on Acquisition

Target

Can-Do National Tape

Nashville, Tennessee, United States
Can-Do National Tape is a distributor of value-add conversion and custom-engineered products such as pressure-sensitive adhesive tapes, foams, films, foils, and related materials. Can-Do National Tape was founded in 1972 and is based in Nashville, Tennessee.

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Buyer(S) 1

Buyer

Zone Enterprises

St. Louis, Missouri, United States

Category Company
Founded 1950
Sector Manufacturing
DESCRIPTION

Zone Enterprises is a provider of custom-engineered sealing, insulating and sound solutions. As a component parts supplier of die-cut, molded and extruded materials, Zone helps its customers quote and secure new business, launch new products and manage ongoing requirements from start of production through a program's end of life. Zone Enterprises was formed in 1950 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

High Street Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 165M USD
Size Small
Type Sector Agnostic
DESCRIPTION

High Street Capital is a private investment firm focused on acquiring lower middle-market businesses generating revenues $10-$100 million with an EBITDA up to $15 million. The Firm typically invests in recapitalizations, management buyouts and growth equity financings. Target sectors include business services, aerospace/defense, healthcare product manufacturers and suppliers, testing and analytical services, chemicals and coatings, specialty plastics, and test/measurement equipment manufacturers. High Street looks to commit $2 to $8 million of equity per transaction and will consider both control and non-control situations. High Street will not invest in retail businesses, restaurants, oil and gas, entertainment, commodities, turnarounds, or start-ups. High Street Capital was formed in 1997 and is based in Chicago, Illinois.


DEAL STATS #
Overall 13 of 14
Sector (Distribution) 2 of 2
Type (Add-on Acquisition) 6 of 6
State (Tennessee) 1 of 1
Country (United States) 13 of 14
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-09 Knight Material Technologies

East Canton, Ohio, United States

Knight Material Technologies designs, manufactures, installs, and repairs custom acid-resistant linings used in highly corrosive processes for the chemical and mining industries. Knight Material Technologies was founded in 1910 and is based in East Canton, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 Pinnacle Contracting Services

Kernersville, North Carolina, United States

Pinnacle Contracting Services provides concrete foundation, flatwork, and finishing services to single and multi-family residential homebuilders. Pinnacle Contracting Services was founded in 2011 and is based in Kernersville, North Carolina.

Buy -