Aiglon Capital and Merit Capital Partners Acquire Classic Brands

Aiglon Capital and Merit Capital Partners Acquire Propét Footwear

February 1, 2022

Manufacturing

Aiglon Capital, together with Merit Capital Partners, founder Robert Propét and company management, has acquired Propét Footwear, a designer, manufacturer and distributor of comfort and medical footwear headquartered in Auburn, Washington. Merit provided subordinated debt and equity to support the transaction as Aiglon executes its strategy of building market-leading manufacturing and distribution platforms in the lower middle market.

Classic Brands LLC Acquires Hiatt Mfg. Corporation

April 19, 2016

Consumer Products

Denver-based Classic Brands LLC has acquired Hiatt Mfg. Corporation of Winona, Minnesota, expanding Classic Brands' product portfolio and distribution reach. The deal adds the Stokes Select bird-feeder brand and broadens the combined company's presence across the lawn & garden, hardware and pet retail channels.

Bridges Consumer Healthcare Acquires Clarion Brands from Swander Pace Capital

January 21, 2021

Consumer Products

Bridges Consumer Healthcare LLC, a Charlesbank Capital Partners-backed platform, has acquired Clarion Brands, LLC from Swander Pace Capital. The transaction adds Clarion's portfolio of niche OTC and dietary supplement brands — including Florajen, Lipo-Flavonoid and Certain Dri — to Bridges' ThermaCare platform to drive scale, marketing and distribution expansion.

Merit Capital Partners and Fulton Capital Acquire AFX, Inc.

March 7, 2024

Manufacturing

Merit Capital Partners and Fulton Capital partnered with AFX management to acquire AFX, Inc., a Waukegan, Illinois-based designer, assembler and distributor of contemporary and decorative lighting fixtures. Merit provided subordinated debt and equity to support the transaction; the deal positions AFX to continue expanding sales and improving operations across its commercial, residential and hospitality end markets.

De'Longhi Acquires Capital Brands (Nutribullet & Magic Bullet) from Centre Lane Partners

December 29, 2020

Consumer Products

De'Longhi Group agreed to acquire Capital Brands Holdings Inc., the Los Angeles-based owner of the Nutribullet and Magic Bullet personal blender brands, from affiliates of Centre Lane Partners for an enterprise value of approximately $421 million. Capital Brands forecasted roughly $290 million in 2020 net revenues; De'Longhi said the acquisition strengthens its presence in the U.S. and expands its food-preparation/blender portfolio and is expected to be accretive.

H.I.G. Capital Affiliate Acquires Classic Lifts Limited

January 17, 2023

Industrial Services

An affiliate of H.I.G. Capital has acquired Classic Lifts Limited, a UK-based lift installation and maintenance provider. Management is reinvesting alongside H.I.G.; financial terms were not disclosed and H.I.G. intends to grow the business organically and via further M&A as part of a broader UK technical building services platform (following its acquisition of CPS).