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The Top 10 Axial Member Deals of 2019

Peter Lehrman Axial | March 5, 2020

For the third year in a row, we are publishing the Top 10 annual Axial member-to-member transactions (see 2018 and 2017 here and here). These ten 2019 transactions best reflect the types of business owners, M&A advisors, and diverse capital partners that are privately exploring and executing confidential M&A and growth capital transactions via Axial.

These members, in addition to those in 2018 and 2017, will be the inaugural recipients of Axial’s first Member Badge. The “Axial Closed Deal” badge will be granted to all Axial members who close transactions with fellow Axial members in any given year. M&A advisors, investors, and CEO members will all be recognized. 

The badge signifies a member’s professionalism, historical capacity to close, and current good standing on Axial. We envision the badge serving as a valued conversation-starter and a further means by which Axial members can best research, select, and engage the right deal partners on the right opportunities.

 

 

Contact us here to learn more about the Axial Closed Deal badge or to apply for yours.

Without further ado, we present 2019’s Top 10 Axial Member Deals and the members who led them.

The Top 10 Axial Members Deals of 2019

SDR Ventures Advises Bel Shower Door on Acquisition by Baymark Partners Portfolio Company Denver Glass Interior

Acquisition / Industry: Consumer Manufacturing

Since 1973, Bel Shower Door Corporation has been providing builders and homeowners with the finest and most varied selection of standard and custom shower and tub enclosures, as well as custom mirrors and custom glass. The Denver based company operates out of a 20,000 square foot fabrication facility and installs shower doors and enclosures, glass, and mirrors across the Denver Metro Area and the Front Range, from Colorado Springs to Ft. Collins.

 

SDR Ventures

Axial Members since 2010

Bel Shower Door

Founded in 1973

Baymark Partners

Axial Members since 2011


True North Advises W.A. Jones on Acquisition by Foundation Investment Partners

Acquisition / Industry: Truck Equipment Manufacturing

W.A. Jones, located in Whitley Co. Indiana, was founded in 1880. Today, W.A. Jones has grown to over 45 employees and is the largest independent truck equipment dealer in the state of Indiana. The Company distributes heavy truck equipment and accessories from over 40 major brands, including Boss, Western, Knapheide, Adrian Steel, and Monroe. It also provides the installation and integration of their equipment onto a customer-selected chassis ensuring high quality, functionality and safety.

 

True North Strategic Advisors

Axial Members since 2018

W.A. Jones

Founded in 1880

Foundation Investment Partners

Axial Members since 2013


DGP Capital Advises Trilogy Circuits on its Acquisition by BlackBern Partners Portfolio Company ZenTech

Acquisition / Industry:  Technology Services

Trilogy Circuits, LLC , based in Richardson, TX., is AS9100D certified and has a near twenty-year legacy of providing exemplary high-technology electronics manufacturing services (EMS), products and support to the many military primes and other high-reliability industries, both in Texas and nationwide.

 

 

 

DGP Capital

Axial Members since 2016

Trilogy Circuits

Founded in 2001

BlackBern Partners

Axial Members since 2010


Jack Farris Advises an Undisclosed Packaging Company on its Acquisition by KLH Capital

Acquisition / Industry: Industrials

The company is a full-service manufacturer of custom and stock packaging solutions. The business makes custom and stock folding cartons, flexible packaging (e.g., pouches, shrink sleeves, overwraps), pressure sensitive labels, and corrugated boxes, among other products. The company serves a variety of end markets, including concessions, food service, pharmaceuticals, medical/nutraceuticals, and general retail. KLH Capital recapitalized the business providing a partial liquidity event for the two owners and aligning management with experienced partners capable of providing the capital and expertise needed to grow the business.

 

Jack Farris

Axial Members since 2019

Undisclosed Company

Transaction Closed Nov 2019

KLH Capital

Axial Members since 2010


Dickinson Williams Advises Thermex Thermatron on its Acquisition by Druid Capital Partners

Acquisition / Industry: Industrials, Manufacturing

Thermex was founded more than 75 years ago and is a leading manufacturer of high-power industrial radio frequency (“RF”) and microwave (“MW”) systems for heating dielectric materials. Thermex sells equipment and accessories around the globe to many well-known customers. Druid Capital is partnering with the existing Thermex management team led by President/CEO Ray Lund.

 

Dickinson Williams

Axial Members since 2018

Thermex

Founded in 1945

Druid Capital Partners

Axial Members since 2016


Pink Diamond Consulting Advises Securus Contact Systems on its Acquisition by PennSpring Capital

Acquisition / Industry: Technology

Since 2012, Securus Contact Systems has provided live receptionist and live chat services across the nation for a multitude of business, from small startups to large corporations delivering the best-in-class contact center solutions. Securus Contact Systems is located in Portland, Oregon and has continued to grow and gain recognition from the Portland Business Journal as one of the fastest growing 100 companies in the Northwest since 2014.

 

Pink Diamond Consulting

Axial Members since 2009

Securus Contact Systems

Founded in 2012

PennSpring Capital

Axial Members since 2018


AdvantEdge Advises American Alloy on its Acquisition by Silverpeak Partners

Acquisition / Industry: A&D, Precision Manufacturing

American Alloy, LLC is a custom manufacturer that produces, finishes and assembles metal and composite parts and components, typically for multinational Original Equipment Manufacturers (OEMs) of industrial machinery and equipment. Services and capabilities include press brake/forming, fabrication, welding, horizontal machining, vertical machining, drilling, rotary laser cutting, sheet laser cutting, sand and bead blasting, painting, powder coating, part and component assembly, and production design consulting. Manufacturing customers include producers of industrial/commercial packaging machinery, IT equipment (server racks), heavy construction and mining equipment, corrugated box manufacturing equipment, aluminum extrusion equipment for automotive parts, and ground servicing equipment for aircraft. American Alloy has also directly manufactured metal components and transportable metal buildings, as a prime contractor for the US Navy.

 

AdvantEdge Advisors

Axial Members since 2011

American Alloy

Founded in 2007

Silverpeak Partners

Axial Members since 2019


Lane Capital Markets Advises Delek Group on its Transaction with G&H Ventures

Acquisition / Industry: Energy & Utilities, Oil & Gas

Delek Group is an independent E&P and the pioneering visionary behind the development of the East Med. With major finds in the Levant Basin, including the Leviathan (21.4 TCF) and Tamar (11.2 TCF) reservoirs and others, Delek is leading the region’s development into a major natural gas export hub. In addition, Delek has embarked on an international expansion with a focus on high-potential opportunities in the North Sea and North America. Delek Group is one of Israel’s largest and most prominent companies with a consistent track record of growth. Its shares are traded on the Tel Aviv Stock Exchange (TASE:DLEKG) and are part of the TA 35 Index.

 

Lane Capital Markets

Axial Members since 2011

Delek Group

Founded in 1951

G&H Ventures

Axial Members since 2012


MiddleMarch Partners Advises Elevate on its Transaction with Kayne Anderson Capital Advisors

Acquisition / Industry: Business Services, Legal Services

Elevate provides consulting, technology and services to law departments and law firms, offering practical ways to improve efficiency, quality, and business outcomes. The company secured a $25 million minority investment from Kayne Partners to scale operations to meet increasing customer demand and to enhance its Cael enterprise legal management software.

 

 

MiddleMarch Partners

Axial Members since 2013

Elevate

Founded in 2011

Kayne Anderson Capital Advisors

Axial Members since 2011


Kelly Business Advisors Advises Rapid Air on its Acquisition by Pfingsten Partners

Acquisition / Industry: Industrials, Manufacturing

RapidAir is a manufacturer and distributor of compressed air piping systems, components, kits, replacement parts and other accessories. The company sells its compressed air piping systems under three different brands in addition to providing filter regulators, moisture drains, couplers, fittings, hose reels and other air compressor accessories. The company sells through its own e-commerce website, distributors, farm and ranch retailers, contractors and marketplaces. RapidAir is headquartered in Auburndale, WI.

 

Kelly Business Advisors

Axial Members since 2018

RapidAir

Founded in 2004

Pfingsten Partners

Axial Members since 2011


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