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Transactions / Toepfer Security

Cobalt Continues Momentum With Four More Acquisitions

Add-on acquisitionclosedadd-onannounced Apr 9, 2024closed Apr 9, 2024Fact
What happened
Platform
Cobalt Service Partnersadd-on basis: Cobalt Service Partners is held by Alpine Investors (holding evidence https://alpineinvestors.com/portfolio/)
Control
Control
Share acquired
unknown
Industry
unknown
Target location
unknown
Seller kind
unknown
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
5 named
Buy side
  • Cobalt Service PartnersPlatformconfirmed
    Cobalt Service Partners is held by Alpine Investors (holding evidence https://alpineinvestors.com/portfolio/)
  • Alpine InvestorsSponsorderived
    Cobalt Service Partners is held by Alpine Investors (holding evidence https://alpineinvestors.com/portfolio/)
Sell side
  • Ron Lund JrSellerconfirmed
    Most recently, it was owned by Ron Lund Jr., whose father bought the business from the Toepfer family in 1982.
Advisory side
  • Sandra Jones and CompanyFinancial adviserconfirmedalpineinvestors.com
    Exit Stage Left Advisors acted as exit consultant to ADW and Sandra Jones and Company acted as financial advisor to Toepfer.
Side not stated
  • Toepfer SecurityTargetconfirmed
    Toepfer was originally founded as Toepfer Lock & Safe in 1862.
Evidence
Cobalt Service Partners today announced that it has acquired four more businesses since its launch in December 2023.
Cobalt Continues Momentum With Four More Acquisitions | Private Equity Intelligence | DFX