Vermillion Capital/Deal History

Deal History

53+ total transactions representing $2.5B+ in aggregate value — 25 tracked below spanning 2020–2025 · 10 industries

53+
Total Transactions
10
Industries
2020–2025
Years Active
Agriculture & Food3
Sale of Northwood Foods to Spell Capital2022
Acquired by PE: Spell Capital

Advised on transition from first generation to second generation leadership through strategic sale to Spell Capital.

Sell SideSell Side Advisor
Sale of Baby Gourmet to Hero Group2022
Strategic acquirer: Hero Group

Advised on finding strategic partner for baby food company to Hero Group.

Sell SideSell Side Advisor
Sale of Best Maid Cookie Company to Le Petit Pain Holdings2022
Acquired by PE: Le Petit Pain Holdings (Arbor Investments portfolio)

Advised owners after unsolicited offer to explore strategic alternatives. Successfully sold to Le Petit Pain Holdings, Arbor Investments portfolio company.

Sell SideSell Side Advisor
Business Services5
Growth Capital Raise by Universal Services from Corbel Capital Partners2023
Acquired by PE: Corbel Capital Partners

Advised owner seeking financial partner to pursue aggressive growth strategy. Growth capital raise with Corbel Capital Partners.

RecapitalizationSell Side Advisor
Sale of Team Lab to Lightspring Capital Partners2023
Acquired by PE: Lightspring Capital Partners

Advised founder on sale of business services company to Lightspring Capital. Client testimonial: 'Vermillion kept us calm and guided us through our first business sale with wonderful outcome.'

Sell SideSell Side Advisor
Sale of OPTP to Gen Cap America2022
Acquired by PE: Gen Cap America

Advised family ownership group on exploration of strategic alternatives after unsolicited offer. Successfully completed sale to Gen Cap America.

Sell SideSell Side Advisor
Sale of SPOKE Custom Products to Polyconcept2022
Strategic acquirer: Polyconcept

Advised on finding strategic partner for promotional products company to Polyconcept, the largest global supplier of promotional products.

Sell SideSell Side Advisor
Sale of Warner Tech-care Products to Pathfinder Companies2022
Strategic acquirer: Pathfinder Companies

Advised owner after unsolicited offer to explore strategic alternatives and find optimal buyer.

Sell SideSell Side Advisor
Consumer Products3
Sale of Creative Memories to Pondera Holdings2024
Acquired by PE: Pondera Holdings

Advised on sale of iconic Sauk Rapids-based scrapbooking and memory-keeping products brand to Pondera Holdings. Selected for buyer's vision for growth and cultural alignment.

Sell SideSell Side Advisor
Sale of Killer Instinct to Generation Growth Capital2022
Acquired by PE: Generation Growth Capital

Advised on sale of business with unique brand and history to Generation Growth Capital.

Sell SideSell Side Advisor
Recapitalization of Solid Comfort by Bell Bank2022
Acquired by: Bell Bank

Advised family business seeking financial partner to support rapid growth. Completed recapitalization with Bell Bank.

RecapitalizationSell Side Advisor
Consumer Services1
Sale of Hayabusa Fightwear to RAF Industries2022
Strategic acquirer: RAF Industries

Advised on finding partner to help unlock untapped potential in specialty fightwear brand.

Sell SideSell Side Advisor
Distribution & Logistics1
Growth Capital Raise by Northern Plains Distributing from Corbel Capital Partners2022
Acquired by PE: Corbel Capital Partners

Advised distributor on finding right partner for growth. Growth capital raise from Corbel Capital.

RecapitalizationSell Side Advisor
Environmental Services2
Sale of LJP Waste Solutions to Aperion Management2022
Acquired by PE: Aperion Management

Advised founder after unsolicited offer to explore strategic alternatives. Successfully completed sale to Aperion Management.

Sell SideSell Side Advisor
Sale of First Response Environmental Group to TRADEBE2022
Strategic acquirer: TRADEBE

Advised investment group with turnaround complete seeking to realize investment return through sale to TRADEBE.

Sell SideSell Side Advisor
Discrete Manufacturing5
Sale of Climate by Design International to Modine Manufacturing2025
Strategic acquirer: Modine Manufacturing (NYSE: MOD)

Exclusive sell-side advisor on sale of Minnesota-based desiccant dehumidification technology and critical process air handler manufacturer to NYSE-listed thermal management leader.

$60M-$70MSell SideSell Side Advisor
Sale of Stealth Manufacturing to West Allen Capital2023
Acquired by PE: West Allen Capital

Advised founder on transition out of manufacturing business to West Allen Capital. LinkedIn announcement by Vermillion Capital on exclusive sell-side advisory.

Sell SideSell Side Advisor
Sale of NMC-Wollard to Kilroy Partners2022
Acquired by PE: Kilroy Partners

Advised family ownership group in search of new management partner.

Sell SideSell Side Advisor
Sale of LiteSentry to Benford Capital Partners2022
Acquired by PE: Benford Capital Partners

Advised founder and CEO with pending retirement seeking experienced partner and buyer. Sale to Benford Capital.

Sell SideSell Side Advisor
Sale of Tioga Air Heaters to Mangrove Equity Partners and Hunter Equity Capital2022
Acquired by PE: Mangrove Equity Partners and Hunter Equity Capital

Advised retiring CEO on search for strategic acquirer of specialty heating equipment manufacturer.

Sell SideSell Side Advisor
Process Manufacturing1
Sale of Norflex to Arsenal Capital Partners2023
Acquired by PE: Arsenal Capital Partners (Revolution Sustainable Solutions)

Advised founder-owned business on sale to highly synergistic strategic buyer via Arsenal Capital portfolio company.

Sell SideSell Side Advisor
Retail & E-Commerce3
Sale of Big Dot of Happiness to Altacrest Capital2022
Acquired by PE: Altacrest Capital

Advised on finding right growth partner to Altacrest Capital.

Sell SideSell Side Advisor
Sale of Mainstream Holdings to GSM Outdoors2022
Strategic acquirer: GSM Outdoors

Advised founder and CEO on finding strategic buyer willing to pay premium valuation.

Sell SideSell Side Advisor
Sale of Lakeshirts to Carlson Private Capital Partners2020
Acquired by PE: Carlson Private Capital Partners

Advised specialty apparel and retail brand on sale to Carlson Private Capital. Transaction recognized with 12th Annual International M&A Award for PE Deal of the Year ($100M-$250M category).

$100M-$250MSell SideSell Side Advisor
Software & SaaS1
Sale of Gage Marketing to Fielo2022
Strategic acquirer: Fielo

Advised on strategic buyer search for family-owned software company to Fielo.

Sell SideSell Side Advisor