M&A Deal Summary

ACON Investments Acquires Pine Environmental Services

On January 7, 2020, private equity firm ACON Investments acquired environmental company Pine Environmental Services from Saw Mill Capital

Acquisition Highlights
  • This is ACON Investments’ 2nd transaction in the Environmental sector.
  • This is ACON Investments’ 35th transaction in the United States.
  • This is ACON Investments’ 5th transaction in New Jersey.

M&A Deal Summary
Date 2020-01-07
Target Pine Environmental Services
Sector Environmental
Buyer(s) ACON Investments
Sellers(s) Saw Mill Capital
Deal Type Secondary Buyout

Target

Pine Environmental Services

Windsor, New Jersey, United States
website
Pine Environmental Services is a provider of rental solutions for environmental test & measurement equipment, non-destructive testing equipment, and continuous emission stack testing equipment in North America. Pine offers a full suite of rentals, sales, and services solutions to its customers across 38 locations in the US and Canada. Pine Environmental Services was established in 1995 and is based in Windsor, New Jersey.

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Buyer(S) 1

Buyer

ACON Investments

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1996
PE ASSETS 6.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

ACON Investments is an international private equity firm that targets investments in the US, Europe, and Latin America. ACON's investment strategy covers 'opportunities at times of change - responding at points of inflection where value creation is possible'. Examples include businesses that serve the rapidly growing US Hispanic population, energy and energy service needs, businesses in need of operational help, and opportunities in Latin America resulting from economic deregulation and political liberalization. ACON's looks for companies where it can commit $20 to $150 million of equity capital. Target sectors include consumer products and services, distribution, business services and industrial manufacturing. ACON Investments was formed in 1996 and has offices in Washington DC; Houston, Texas; Los Angeles, California; and Madrid, Spain.

DEAL STATS #
Overall 55 of 67
Sector (Environmental) 2 of 2
Type (Secondary Buyout) 11 of 12
State (New Jersey) 5 of 5
Country (United States) 35 of 41
Year (2020) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-13 Germaine de Capuccini

Alicante, Spain

Germaine de Capuccini is a developer, producer, and supplier of specialized, professional skincare and cosmetic products. The Company’s customers include estheticians and dermatologists at full-service spas, day spas, beauty salons, hotels, and clinics. Germaine de Capuccini was founded in 1964 and is based in Alicante, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-11 Bargain Hunt

Antioch, Tennessee, United States

Bargain Hunt is an extreme value retail chain that enables customers to buy quality brand name merchandise well below normal retail pricing. Bargain Hunt was founded in 2004 and is based in Antioch, Tennessee.

Buy -

Seller(S) 1

SELLER

Saw Mill Capital

Briarcliff Manor, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1997
PE ASSETS 610M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Saw Mill Capital is a private equity firm focused on middle-market company acquisitions valued up to $200 million. Saw Mill prefers businesses with defensible market positions, solid growth prospects, and historical cash-flow. Sectors of interest include manufacturing, specialty distribution, and service. Saw Mill looks to commit between $15 and $75 million per transaction in companies with at least $3 million of EBITDA. Saw Mill will not invest in retail, healthcare services, media/telecom, information technology, financial services, personnel based services, apparel or businesses driven by fad or fashion. Saw Mill Capital was formed in 1997 and is based in Briarcliff Manor, New York.

DEAL STATS #
Overall 11 of 15
Sector (Environmental) 3 of 3
Type (Secondary Buyout) 7 of 9
State (New Jersey) 1 of 1
Country (United States) 10 of 14
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-06 ARCXIS

Houston, Texas, United States

ARCXIS is a residential Third-Party Inspection and Structural Engineering company, currently serve all of great State of Texas, Nashville, TN, Atlanta, GA, and Minneapolis, MN. The company offers inspections and design services from Site Preparation, Foundation, Frame, Wind Engineering, HVAC design and combine that with being the 5th largest energy efficiency certification company in the country. ARCXIS was formed in 1986 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-17 RND Automation

Lakewood Ranch, Florida, United States

RND Automation designs, engineers and integrates automation solutions for packaging and assembly applications in the medical device, life sciences, and consumer products sectors, among others. Core offerings include platform-agnostic robotics and vision systems integration and custom and standard packaging and assembly automation equipment. RND Automation was founded in 2005 and is based in Lakewood Ranch, Florida.

Buy -
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