Granite Creek Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Granite Creek Partners has acquired 1 company. It has also invested in 2 others.

Granite Creek Partners’ most common sectors for investment arebusiness services (13%) and retail (9%) . The Firm’s most common investment types include growth capital (34%) and buyout (lbo, mbo, mbi) (30%). In total, Granite Creek Partners has invested in 15 US states and 3 different countries.

In the last 3 years, Granite Creek Partners has exited 2 companies. The Firm’s most common exit type is trade sale (50%). Granite Creek Partners’ largest (disclosed) exit occurred in 2012 when it sold Hughes Telematics for $612M.

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M&A Summary

  • M&A Total Activity34
    • M&A Buy Activity24
    • M&A Sell Activity10
  • Total Sectors Invested 19
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 14

Granite Creek Partners

222 West Adams Street, Suite 1980,
Chicago, Illinois 60606
United States
(312) 895-4500
www.granitecreek.com
info@granitecreek.com

Granite Creek Partners is a Midwest US-based private equity firm focused on acquiring and investing in mid-sized companies operating in the manufacturing, distribution, business services, healthcare, and food sectors. The Firm looks to commit $7 to $25 million per transaction and can invest across the capital structure, including control/minority equity, mezzanine debt, senior secured debt, and debtor-in-possession loans. Granite Creek Partners was formed in 2005 and is based in Chicago.


Investment Criteria

Sectors of Interest: Agriculture, Apparel/Textiles, Automotive, Business Services, Construction, Consumer Products, Consumer Services, Defense, Distribution, E-Commerce, Food, Healthcare Services, Information Technology, Insurance, Internet Software and Services, Manufacturing, Medical Products, Restaurants, Retail, Software, Technology Hardware, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Going Private, Growth Capital, Recapitalization, Special Situations/Distressed, Venture

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 3 15
Investment Size 7 20
Enterprise Value 25 150
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (1.0/yr) # 19 2 2 1 - - 24
Sell (0.4/yr) # 8 - 1 1 - - 10
vol $657M $657M
  34

Most Recent M&A

Company Date Value Type
CP Direct LLC 2023-02-16 - Growth Capital
Lanham, Maryland · www.cpdirectinc.com
SMS Assist LLC 2023-01-12 - Add-on Acquisition
Chicago, Illinois · www.smsassist.com
Odyssey Aviation U.S. 2022-09-13 - Recapitalization
Nassau, Bahamas · www.odysseyaviation.com
Bundle 2022-05-10 - Acquisition Financing
Clarence, New York · www.bundletoday.com
Morrow Sodali Global LLC 2022-04-26 - Stake Purchase
New York, New York · www.morrowsodali.com
C&C Manufacturing LLC 2021-09-22 - Growth Capital
Ottumwa, Iowa · www.candcmfg.net
Big Easy Blends LLC 2021-05-18 - Growth Capital
Elmwood, Louisiana · www.bigeasyblends.com
Sunset Pacific Transportation 2019-10-24 - Buyout (LBO, MBO, MBI)
Chino, California · www.sunsetpacific.com
Morrow Sodali Global LLC 2019-08-07 - Stake Purchase
New York, New York · www.morrowsodali.com
Royal Biologics LLC 2019-06-19 - Growth Capital
Jersey City, New Jersey · www.royalbiologics.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Business Services 1 (9%) - 3 (13%) -
Medical Products 2 (18%) - 2 (8%) -
Retail - - 2 (8%) -
Transportation 2 (18%) - 2 (8%) -
Aerospace 1 (9%) - 1 (4%) -
Apparel/Textiles - - 1 (4%) -
Automotive - - 1 (4%) -
Beverages 1 (9%) - 1 (4%) -
Chemicals - - 1 (4%) -
Construction - - 1 (4%) -
Distribution - - 1 (4%) -
Financial Services 1 (9%) - 1 (4%) -
Food 1 (9%) - 1 (4%) -
Healthcare Services - - 1 (4%) -
Machinery - - 1 (4%) -
Manufacturing 1 (9%) - 1 (4%) -
Publishing 1 (9%) - 1 (4%) -
Software - - 1 (4%) -
Technology Hardware - - 1 (4%) -
Total 11 - 24 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 10 (91%) - 22 (92%) -
  Illinois 3 (27%) - 6 (25%) -
  New York 1 (9%) - 3 (13%) -
  Wisconsin 1 (9%) - 1 (4%) -
  New Jersey 1 (9%) - 1 (4%) -
  Maryland 1 (9%) - 1 (4%) -
  Louisiana 1 (9%) - 1 (4%) -
  Iowa 1 (9%) - 1 (4%) -
  California 1 (9%) - 1 (4%) -
  Texas - - 1 (4%) -
  Pennsylvania - - 1 (4%) -
  Missouri - - 1 (4%) -
  Michigan - - 1 (4%) -
  Massachusetts - - 1 (4%) -
  Georgia - - 1 (4%) -
  Florida - - 1 (4%) -
Bahamas 1 (9%) - 1 (4%) -
Australia - - 1 (4%) -
Domestic 10 (91%) - 22 (92%) -
Cross-border 1 (9%) - 2 (8%) -
Total 11 - 24 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 6 (55%) - 8 (33%) -
Buyout (LBO, MBO, MBI) 3 (27%) - 7 (29%) -
Stake Purchase - - 4 (17%) -
Acquisition Financing 1 (9%) - 1 (4%) -
Consolidation - - 1 (4%) -
Divestiture - - 1 (4%) -
Recapitalization 1 (9%) - 1 (4%) -
Venture - - 1 (4%) -
Total 11 - 24 -

Exits by Deal Type

Type Total # Value
Trade Sale 4 (40%) 45M (7%)
Secondary Sale 2 (20%) -
Trade Sale - Public Company 1 (10%) 612M (93%)
Bankruptcy 1 (10%) -
Shut Down 1 (10%) -
Stake Sale 1 (10%) -
Total 10 $657M

Deal Values

sell # Total
$100M to $1B 1 $612M
< $100M 1 $45M
TOTAL $657M
Largest Hughes Telematics, Inc.
$612M (2012-07-26)

M&A Connections

Deals
Acquired from
Strategic(s)
4%
1 (4%)
Exited to
Investor(s)
30%
3 (30%)
Strategic(s)
50%
5 (50%)

Investor Summary

Investor Type

Private Equity Firm

Size

Middle-Market

PE Assets

400M USD

Established

2005

Specialist/Generalist

Generalist

Leadership

Brian Boorstein

Co-Founder & Managing Partner

Peter Lehman

Co-Founder & Partner

Mark Radzik

Co-founder & Managing Partner

James Clark

Partner

Angie Kuna

CFO

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