New State Capital Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, New State Capital Partners has acquired 3 companies.

New State Capital Partners’ most common sectors for investment areconstruction (20%) and aerospace (14%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (40%) and growth capital (40%). In total, New State Capital Partners has invested in 10 US states and 2 different countries.

In the last 3 years, New State Capital Partners has exited 2 companies. The Firm’s most common exit type is trade sale (34%). New State Capital Partners’ largest (disclosed) exit occurred in 2018 when it sold Central Conveyor for $140M.

Join Mergr to view New State Capital Partners’ full profile and discover more middle-market private equity firm investors just like it.

M&A Summary

  • M&A Total Activity18
    • M&A Buy Activity15
    • M&A Sell Activity3
  • Total Sectors Invested 11
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 2
  • M&A Advisors 8

New State Capital Partners

2001 Palmer Avenue, Suite 205,
Larchmont, New York 10538
United States
(212) 675-1600
www.newstatecp.com
info@newstatecp.com

New State Capital Partners is a private investment group focused on middle-market opportunities in the business services, healthcare and industrial sectors. The Firm will consider both majority and minority investments in funding a variety of situations. New State can invest up to $50 million in transactions valued up to $200 million. The Firm was formed in 2013 and is based in New York City.


Investment Criteria

Sectors of Interest: Aerospace, Automotive, Business Services, Chemicals, Environmental, Healthcare Services, Information Technology, Machinery, Manufacturing, Staffing, Transportation

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

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

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 8 30
Investment Size 10 50
Enterprise Value 25 200
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (1.2/yr) # 9 3 2 1 - - 15
Sell (0.4/yr) # 1 - 1 1 - - 3
vol $140M $140M
  18

Most Recent M&A

Company Date Value Type
Finnoff Aviation Co., Inc. 2023-06-15 - Buyout (LBO, MBO, MBI)
Broomfield, Colorado · www.finnoff.com
United Medical Systems, Inc. 2023-06-01 - Secondary Buyout
Westborough, Massachusetts · www.ums-usa.com
Afimac Global, Inc. 2022-08-24 - Buyout (LBO, MBO, MBI)
Guelph, Ontario · www.afimacglobal.com
Capitol Pain Institute 2022-06-27 - Recapitalization
Austin, Texas · www.capitolpain.com
Patuxent Roofing & Contracting, Inc. 2022-04-26 - Buyout (LBO, MBO, MBI)
Laurel, Maryland · www.patuxentroofing.com
AVEX, Inc. 2021-12-21 - Buyout (LBO, MBO, MBI)
Camarillo, California · www.newavex.com
Wilmington Paper Corp. 2021-11-12 - Buyout (LBO, MBO, MBI)
Pine Brook, New Jersey · www.wilmingtonpaper.com
Rabco Enterprises LLC 2021-03-17 - Growth Capital
Winter Garden, Florida · www.rabco.com
Global Holdings LLC 2019-10-15 - Recapitalization
Tulsa, Oklahoma · www.ghllc.com
Computer Data Source, Inc. 2019-08-22 - Growth Capital
Eatontown, New Jersey · www.cds.net
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Construction 3 (27%) - 3 (20%) -
Aerospace 2 (18%) - 2 (13%) -
Information Technology 2 (18%) - 2 (13%) -
Engineering 1 (9%) - 1 (7%) -
Financial Services - - 1 (7%) -
Healthcare Services - - 1 (7%) -
Internet Software and Services 1 (9%) - 1 (7%) -
Machinery - - 1 (7%) -
Medical Products - - 1 (7%) -
Metals/Mining 1 (9%) - 1 (7%) -
Safety/Security 1 (9%) - 1 (7%) -
Total 11 - 15 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 10 (91%) - 14 (93%) -
  New Jersey 2 (18%) - 2 (13%) -
  California 2 (18%) - 2 (13%) -
  Oklahoma 1 (9%) - 2 (13%) -
  Massachusetts 1 (9%) - 2 (13%) -
  Pennsylvania 1 (9%) - 1 (7%) -
  Maryland 1 (9%) - 1 (7%) -
  Florida 1 (9%) - 1 (7%) -
  Colorado 1 (9%) - 1 (7%) -
  Texas - - 1 (7%) -
  Michigan - - 1 (7%) -
Canada 1 (9%) - 1 (7%) -
  Ontario 1 (9%) - 1 (7%) -
Domestic 10 (91%) - 14 (93%) -
Cross-border 1 (9%) - 1 (7%) -
Total 11 - 15 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 6 (55%) - 6 (40%) -
Growth Capital 4 (36%) - 6 (40%) -
Divestiture - - 1 (7%) -
Recapitalization 1 (9%) - 1 (7%) -
Secondary Buyout - - 1 (7%) -
Total 11 - 15 -

Exits by Deal Type

Type Total # Value
Trade Sale 1 (33%) 140M (100%)
Recapitalization 1 (33%) -
Secondary Sale 1 (33%) -
Total 3 $140M

Top M&A Advisors

Financial Deals
Piper Sandler & Co.
2
Duff & Phelps Corp.
2
Citizens Bank, N.A. (Citizens Commercial Banking)
1
Legal Deals
Morgan, Lewis & Bockius LLP
6

Deal Values

sell # Total
$100M to $1B 1 $140M
TOTAL $140M
Largest Central Conveyor Co. Inc.
$140M (2018-06-15)

M&A Connections

Deals
Acquired from
Investor(s)
7%
1 (7%)
Strategic(s)
7%
1 (7%)
Exited to
Investor(s)
67%
2 (67%)
Strategic(s)
33%
1 (33%)

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