M&A Deal Summary

Black Diamond Capital Management Acquires IAP Worldwide Services

On January 22, 2024, asset manager Black Diamond Capital Management acquired transportation company IAP Worldwide Services

Acquisition Highlights
  • This is Black Diamond Capital Management’s 1st transaction in the Transportation sector.
  • This is Black Diamond Capital Management’s 7th transaction in the United States.
  • This is Black Diamond Capital Management’s 1st transaction in Florida.

M&A Deal Summary

Date 2024-01-22
Target IAP Worldwide Services
Sector Transportation
Buyer(s) Black Diamond Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target

IAP Worldwide Services

Cape Canaveral, Florida, United States
website
IAP Worldwide Services is a provider of global logistics, infrastructure, IT, communications, power and air traffic management solutions. IAP Worldwide Services is based in Cape Canaveral, Florida.

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Buyer(S) 1

Buyer
DESCRIPTION

Black Diamond Capital Management is an alternative asset manager focused on credit, private equity, and other structured investments. The Firm's private equity group is a generalist investor that targets opportunities throughout North America and Europe. Black Diamond Capital Management was formed in 1995 and is headquartered in Stamford, Connecticut.


DEAL STATS #
Overall 7 of 7
Sector (Transportation) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Florida) 1 of 1
Country (United States) 7 of 7
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-03 Valley Joist

Fort Payne, Alabama, United States

Valley Joist, Inc. is a joist and deck manufacturer. Its facilities span almost 30 acres and 250,000 square feet while employing close to 200 employees across both locations.

Buy -