Sperry Mitchell Advises C&M Corporation on its Sale to Winchester Interconnect

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New York, NY (December 20, 2017) – C&M Corporation of Dayville, CT, a portfolio company of the Watermill Group of Lexington, MA, has been acquired by Winchester Interconnect of Norwalk, CT, a portfolio company of the Snow Phipps Group of New York, NY. Sperry, Mitchell & Company initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to C&M.

C&M Corporation (www.cmcorporation.com) is a leading designer and manufacturer of wire & cable and coil cords for performance-critical applications. The company serves blue-chip customers across a variety of growing markets, including industrial automation, medical and military.

Watermill Group (www.watermill.com) is a strategy-driven private investment firm that helps companies achieve their full potential through strategic transformation. For more than three decades, Watermill has been acquiring, operating and improving companies. Watermill looks for businesses in which it can apply a unique combination of strategic insight and management expertise to re-imagine their future and drive growth.

Winchester Interconnect (www.winconn.com) is a leading provider of custom-engineered interconnect solutions for diverse, growing end-markets requiring high reliability and application-specific expertise. Winchester’s complex, custom connectors and engineered cable solutions help connect power and data to numerous global, blue-chip OEMs. Winchester’s strategic global footprint provides local engineering and sales support to its customers.

Snow Phipps (www.snowphipps.com) is a private equity firm focused on middle-market control investments, targeting platform companies with enterprise values ranging from $100 million to $500 million. The firm utilizes an operating partner model to invest across the industrials, services, and consumer industries and seeks value creation through an operationally focused strategy.

Sperry, Mitchell & Company (www.sperrymitchell.com) is an investment banking firm specializing in sell-side middle-market merger and acquisition advisory services.  Since the firm’s founding in 1986, Sperry Mitchell has completed over 350 transactions in a wide range of industries, with values ranging from $10 to $450 million.

 

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Sperry Mitchell Advises WaterFleet LLC on its Sale to EagleTree Capital

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New York, NY (November 30, 2017) – WaterFleet, LLC of San Antonio, TX has been recapitalized by EagleTree Capital of New York, NY.  Sperry, Mitchell & Company initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to WaterFleet.

WaterFleet is an industry-leading, full-service provider of mobile water and wastewater treatment solutions for remote locations.  The Company’s innovative technology and green solutions have transformed the remote-location water and domestic wastewater industry, significantly improving remote workforce living conditions and reducing the cost and environmental risk of traditional wastewater services.  WaterFleet operates a technology-as-a-service platform, leasing its systems to customers and providing ongoing compliant treatment and remote monitoring & diagnostic services.

“We are pleased to be partnering with EagleTree, a firm that has significant water industry expertise,” said Alan Pyle, Co-Founder and CEO of WaterFleet.  “With EagleTree’s support, we’ll be better positioned to enhance our reach and scale by expanding our fleet capacity and real-time monitoring solutions in order to better serve our existing customers in the energy industry. We will also continue to build our presence in other sectors – such as industrial construction and emergency response – that would benefit from our solutions.  We look forward to working together closely with EagleTree to address the myriad of water-related problems that are impacting businesses, municipalities, and water-stressed populations in the U.S.”

Norton Rose Fulbright served as legal advisor to WaterFleet.  Jones Day served as legal advisor to EagleTree.

WaterFleet (www.waterfleet.com) operates a fleet of Mobile Drinking Water Production trailers  (The Water Rig) and Mobile Domestic Wastewater Processing trailers (The Reclaimer Rig) for oil field drilling, oil field completion, and large-scale industrial construction operations. Both systems are designed to the highest standards, with proprietary technology to address the particular demands of harsh, remote environments.

EagleTree Capital (www.eagletree.com), formerly Wasserstein Partners, is a leading independent private equity firm, focused primarily on leveraged buyout and growth equity investment activities. EagleTree manages capital on behalf of institutional and individual investors. The firm is focused on investments primarily in the media & communications, consumer products, water, and industrial sectors. EagleTree is located in New York, NY.

Sperry, Mitchell & Company (www.sperrymitchell.com) is an investment banking firm specializing in sell-side middle-market merger and acquisition advisory services.  Since the firm’s founding in 1986, Sperry Mitchell has completed over 350 transactions in a wide range of industries, with values ranging from $10 to $450 million.

 

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Two Years in a Row, Beatrice Mitchell Has Been Commended as One of the Most Influential Women in Mid-Market M&A

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For two years in a row, Mergers & Acquisitions has commended Beatrice Mitchell as one of the Most influential Women in Mid-Market M&A.

For nearly 30 years, Beatrice Mitchell has sold privately-held companies in manufacturing, distribution, retail, business services and other industries. Mitchell started Sperry Mitchell with husband Paul Sperry in 1986. The firm has remained successful by investing substantially in infrastructure, including databases and people, and cultivating connections and a good word-of-mouth reputation from clients. The firm focuses on putting together an excellent product: the selling memorandum and the list of potential acquirers.

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Tom Pogacnik Speaks at Capital Roundtable’s Conference for PE Acquisitions of Family-Owned Companies

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Tom Pogacnik was a featured speaker at Capital Roundtable’s conference Best Practices For PE Acquisitions Of Family-Owned Companies. The conference was held at The University Club, in New York City on July 13th. The Capital Roundtable is America’s leading conference company for the middle-market private equity community.

Tom spoke on topics such as the transaction dynamics of acquiring family-owned businesses, the importance of understanding the goals and desires of families when selling their businesses, and what buyers look for when acquiring family-owned businesses. The conference was attended by private equity and family office professionals, debt providers, wealth management advisors, investment bankers, M&A lawyers, and business owners and executives.

For more information about the conference, click here.

2017 J.P. Morgan Corporate Challenge

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Since 2000, Sperry, Mitchell & Company has fielded a competitive team for the J.P. Morgan Corporate Challenge road race. Our 2017 team was comprised of Paul Sperry, Tom Pogacnik, Dan Officer, Melissa Cole, Kyle Morgan, Alex Coggin and Krista Agatielli.

Kyle Morgan delivered the fastest time for the second year, although the rest of our team didn’t finish far behind.

The highlight of the evening was the post-race cocktails and dinner at Atwood.

We Moved!

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Please find our new address below:

Sperry, Mitchell & Company
595 Madison Avenue, 35th Floor
New York, New York 10022

Sperry Mitchell Advises GPA Global in Deal with EQT

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New York, NY (March 24, 2017) – GPA Global (“GPA”) has sold a co-control stake to EQT Mid Market (“EQT”). Sperry, Mitchell & Company initiated this transaction and served as exclusive advisor to GPA.

Founded in 2009 in Hong Kong, GPA is a leading premium specialty-packaging and display-solutions provider, offering a full spectrum of design, engineering, production management and distribution services. GPA serves as a complete solutions partner, from concept design, material selection & development to manufacturing. GPA is well-regarded by its customers as one of the most innovative packaging and point-of purchase display providers serving the market today.

Mr. Tom Wang and Mr. Adam Melton, co-founders of GPA, jointly commented: “We are excited to work with EQT and its global network of Industrial Advisors. With its operational and growth-focused approach, EQT is an ideal partner for GPA. We look forward to jointly developing the Company to the next level and working close together with EQT.”

GPA Global (www.gpaglobal.net) is a leading “one-stop-shop” premium specialty-packaging and display-solutions provider. The Company offers a complete array of design, engineering, production management and distribution services to produce the most innovative specialty-packaging and point-of-purchase displays available in the market today. GPA has operations in Hong Kong, mainland China and the United States.

EQT (www.eqtpartners.com) is a leading alternative investments firm with approximately EUR 35 billion in AUM. EQT Funds have portfolio companies in Europe, Asia and the United States with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

Sperry, Mitchell & Company (www.sperrymitchell.com) is an investment banking firm specializing in middle-market merger and acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $10 to $450 million.

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Alternative Assets

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Markets Insider

Daniel Officer Promoted to Managing Director

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Sperry, Mitchell & Company is pleased to announce the promotion of Daniel Officer to Managing Director.

Since joining our firm, Dan has proven himself to be an invaluable member of the SMC team, having successfully initiated and closed numerous transactions across a variety of industries, including industrial manufacturing, chemicals, distribution, packaging, and business services.

Dan was chosen as the Dealmaker of the Year by the Association for Corporate Growth in 2015, and Dealmaker of the Year by Finance Monthly in 2014. In addition, he was recognized as a 2016 Annual Emerging Leader by The M&A Advisor. Dan is an active member of the Investment Banking Committee for the New York Chapter of the Association for Corporate Growth.

Dan earned a B.A. with honors from Dickinson College, and lives in New York City with his wife and daughter.

 

Select transaction highlights include: 


• The recapitalization of Green Creative LLC, a leading developer and manufacturer of innovative LED lighting, by Fulton Capital and Merit Capital.

• The sale of Cue & Case Sales, a leading designer and distributor of billiard products & accessories, to Escalade Inc. (NASDAQ:ESCA).

• The recapitalization of Griswold Corp., a leading manufacturer of open-cell rubber and urethane foam products, by Strait Lane Capital Partners.

• The sale of Litecontrol Corporation, a leading designer and manufacturer of architectural interior lighting fixtures, to Hubbell, Inc. (NYSE:HUB.B).

• The sale of Itran Precision Rubber, a manufacturer of custom molded rubber products, to Acme Machell Company.

• The sale of Acetylene Oxygen Company, the largest independent distributor of industrial gases in South Texas, to Praxair Inc. (NYSE:PX).

Beatrice Mitchell Speaks at ACG’s 4th Annual Women’s Leadership Summit

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Beatrice Mitchell was a speaker at ACG’s 4th Annual Women’s Leadership Summit which took place on January 19 at Convene in New York City. The Summit was filled with over 200 female finance professionals from a variety of middle market private equity firms and investment banks.

Beatrice spoke on a panel for The Leadership Parity – How Women Have Risen to the Top Seats in Private Equity and Actions to Continue the Trend.

To view an article from Mergers & Acquisitions, click here.