Manufacturing & Business Services M&A

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Selected Transactions

IES Holdings, Inc. has acquired all of the equity interests in Aerial Lighting & Electric, Inc., a Naugatuck, CT-based electrical contractor specializing in the design and installation of electrical systems for multi-family developments, with revenues of approximately $24 million in calendar year 2019. Aerial will become part of IES’s Residential segment and continue to operate under the Aerial name. | Aerial Electric, IES Holdings, 18 Feb 2020, Connecticut, Manufacturing & Business Services
 Carfoldio Ltd, designs and develops the world’s most compact, adjustable and portable child car safety products under the MiFold and HiFold brands.  | MiFold, MidCap Equity Partners, 13 Jan 2020, Israel, Manufacturing & Business Services
| Byrne Dairy Fluid Milk Operations, Upstate Niagra Cooperative Inc., 25 Nov 2019, New York, Manufacturing & Business Services
Inverness Graham has acquired Corsica Technologies, a provider of managed IT services. Corsica provides managed IT services to small and medium-sized businesses. The company’s services include network security, IT project management, systems management, 24/7 help desk services, on-site services, network monitoring services, data backups and disaster recovery, and strategic IT planning. Corsica, led by CEO Dale Walls, was founded in 2003 and is headquartered in Centreville, MD with additional offices in New York, Annapolis, and Houston. | Corsica Technologies, Inverness Graham, 22 Nov 2018, New York, Manufacturing & Business Services
| Unity Graphics and Engraving, British American Tool and Die, 1 Oct 2018, New Jersey, Manufacturing & Business Services
 | International Vapor Group, Turning Point Brands, 6 Nov 2018, Florida, Manufacturing & Business Services
| Access Systems Integration, ADT, 9 Aug 2018, Florida,	Manufacturing & Business Services
| Payer Sciences, Publicis Health, 17 July 2018, New Jersey, Manufacturing & Business Services
| Aerocision, Bromford Industries, 29 Mar 2018, Connecticut, Manufacturing & Business Services
| Pleatco,	Align Capital, 17 July 2017, New Jersey, Manufacturing & Business Services
Crozier Fine Arts (CFA), a subsidiary of Iron Mountain, Inc. acquired Cirkers Fine Art (Cirkers). The strategic acquisition expands CFA's storage, logistics, and transportation capabilities for high value paintings, photographs, and other types of art belonging to individual collectors, galleries and art museums. CFA is a leader in art storage and an industry advocate for worldwide standards. MidCap served as advisor to Cirkers. | Cirkers Fine Arts, Crozier Fine Arts, 3 Jan 2017, New York, Manufacturing & Business Services
Iron Mountain, Inc. the storage and information company, acquired Crozier Fine Arts (CFA), a storage, logistics, and transportation firm for high value paintings, photographs, and other types of art belonging to individual collectors, galleries and art museums. CFA is a leader in art storage and an industry advocate for worldwide standards. MidCap served as advisor to CFA. | Crozier Fine Arts, Iron Mountain, 2 Dec 2015, New York, Manufacturing & Business Services
Morgenthaler Private Equity recapitalized B&E Group, LLC, a leader in the aviation industry with advanced engineering, repair, and manufacturing. B&E Group is comprised of two distinct business units, an original equipment manufacturing (OEM) group, which manufactures complex, machined components used in commercial aerospace, military and space applications, and a maintenance, repair and overhaul (MRO) group, which repairs commercial aerospace engine components. The Company is headquartered in Southwick, MA and Fort Myers, FL. MidCap served as advisor to B&E Group, LLC. | B&E Group LLC, Morgenthaler Private Equity, 11 Nov 2015, Massachusetts, Manufacturing & Business Services
Boathouse Capital, a Philadelphia-based investment fund, invested in Pleatco, a New York water filtration product manufacturer. Pleatco is a leading manufacturer of water filtration products for the pool and spa industry and is known for quality and innovation. Boathouse invested mezzanine debt to recapitalize Pleatco's balance sheet to fund future growth. | Pleatco, Boathouse Capital, 1 Sep 2015, New York,	Manufacturing & Business Services
| Exchange Monitor Publications, Access Intelligence LLC, 1 Mar 2015, Virginia,	Manufacturing & Business Services
Boathouse Capital, a Philadelphia-based investment fund, invested in Pleatco, a New York water filtration product manufacturer. Pleatco is a leading manufacturer of water filtration products for the pool and spa industry and is known for quality and innovation. Boathouse invested mezzanine debt to recapitalize Pleatco's balance sheet to fund future growth. | Pleatco, Boathouse Capital, 18 Sep 2013, New York,	Manufacturing & Business Services
Toppan Vite, a leading financial printer managing mission-critical content for capital markets transactions, financial reporting and regulatory compliance filings, and investment company and insurance communications, acquired Tri-State Financial Press LLC, a leading New York area financial printer. | Tri-State Financial Press, Toppan Vite, 17 Dec 2012, New York, Manufacturing & Business Services
Enterprise holdings has acquired the business of Mint Cars On-Demand (Mint). Mint is a car-sharing company serving more than 8,000 members in New York City and Boston. Mint was founded in 2008 and grew to be one of the largest regional car-sharing companies with a network of more than 40 locations across Manhattan, Brooklyn, and Boston in just four years. MidCap served as advisor to Mint. | Mint Cars On-Demand, Enterprise Holdings, 15 May 2012, New York, Manufacturing & Business Services
| 3D Medical, Scorpion Capital Partners, 1 Jul 2011, Florida, Manufacturing & Business Services
| Calderon Brothers Vending Co., Treat America, 1 Jul 2009, Indiana, Manufacturing & Business Services
The Tiffen Company, a leading US manufacturer of glass filters and other products for the motion picture and broadcast industries, expanded its product offering and distribution channels through the acquisition of Lowel-Light Manufacturing, Inc. (Lowel). Lowel provides award winning  solutions that make it easier to transport, set-up, control, and maintain lighting equipment for professional use. They are considered the world leader for location lighting. MidCap served as advisor to Lowel. | Lowel-Light Manufacturing, Tiffen Company, 15 Jan 2009, New York,	Manufacturing & Business Services
TW Metals, Inc., a member of the O'Neal Steel family of companies, acquired Stainless Tubular Products (STP), a leading metal service center in the U.S.. STP was founded in 1979 and specializes in providing welded stainless steel tubing, pipe, fittings and bar. MidCap served as advisor to STP. | Stainless Tubular Products, TW Metals, 7 Dec 2008, New Jersey, Manufacturing & Business Services
Michael Stapleton Associates, a national perimeter security company, acquired Access Systems Integration (ASI), the New York region's leading electronic security integrator. ASI provides integrated intrusion detection, IP-based digital video recording, visitor management, and access control systems for clients throughout the tri-state area. MidCap served as advisor to ASI. | Access Systems Integration LLC, MSA Security, 11 Nov 2008, New Jersey, Manufacturing & Business Services
| A.J. Weigand, Canadian Strategic Buyer, 1 Jul 2006, Ohio, Manufacturing & Business Services
| Barnes Bore Honing & Finishing, Lapmaster, 1 Jul 2006, Illinois, Manufacturing & Business Services
Amerex Group, a leading importer of winter coats, was acquired by management in a leveraged buyout.  Financing was provided by Allied Capital.  MidCap acted as advisor to Amerex management and arranged the financing. | Amerex Group Inc., Amerex Group LLC, 30 Dec 2005, New York, Manufacturing & Business Services
| Innova Interiors, Management Buyout, 15 Sep 2005, New York, Manufacturing & Business Services
| RPM, The October Company, 1 Jan 2002, Massachusetts, Manufacturing & Business Services
| American Avionic Technologies Corporation	, New England Capital Partners, 1 Jan 2002, New York, Manufacturing & Business Services
| Perfect Circle Paintballs, Pepperball Technologies, 1 Jan 2000, Illinois,	Manufacturing & Business Services
Annin Flag, the largest manufacture of American flags in the United States, purchased Detra Flag, the second largest manufacture of American Flags in an asset transaction.  MidCap advised Annin in the purchase transaction. | Dettra Flag, Annin Flagmakers, 1 Jan 2000, Pennsylvania, Manufacturing & Business Services