BB&T Capital Markets Serves as Exclusive Financial Advisor to O2COOL in its Sale to LKCM Headwater Investments
On March 31, 2017, O2COOL, LLC (“O2COOL” or the “Company”), a portfolio company of Focus Investments, Inc. and Waveland Investments LLC (“Focus” and “Waveland”), was acquired by LKCM Headwater Investments (“LKCM”). BB&T Capital Markets served as the exclusive financial advisor to O2COOL.
About the Companies
O2COOL is a leading designer and distributor of creative consumer products that solve unique problems. The Company specializes in cooling, hydration, and patio, pool & beach solutions that appeal to the “active” consumer. O2COOL consistently introduces innovative, impactful product and packaging solutions to serve its diverse base of over 400 customers.
Focus Investments, Inc., founded in 2001 and based in Chicago, IL, invests and takes an active role in the management of consumer products businesses. From over 15 acquisitions and organic growth, it built Focus Products Group, LLC from approximately $25 million in revenue to over $200 million in six years until its divestment.
Waveland Investments LLC is a Chicago-based private equity firm investing in niche lower-middle-market companies. Waveland focuses on management-led buyouts, recapitalizations and acquisitions of manufacturers, distributors and services businesses whose revenues range from $10 million to $75 million. Since 2000, Waveland has invested in more than 30 companies in a range of industries
LKCM Headwater Investments is a Texas-based private investment partnership that seeks to partner with management teams to build highly successful companies. LKCM takes an operationally-minded approach and provides companies with the tools necessary to build market leaders with sustainable competitive advantages. LKCM Headwater Investments is an affiliated entity of Luther King Capital Management, an SEC-registered investment firm established in 1979 with over $13.1 billion of assets under management.
Commercial & Industrial
The BB&T Capital Markets Commercial & Industrial Group provides clients with industry expertise and exceptional transaction execution. We offer M&A advisory, capital raising and corporate banking services for a variety of sectors, including building products & materials; commercial & consumer durables; industrial manufacturing and distribution; and outsourced commercial and industrial services.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.