M&A Deal Summary

Broad Sky Partners Acquires Thomas Scientific

On January 27, 2022, private equity firm Broad Sky Partners acquired distribution company Thomas Scientific from The Carlyle Group

Acquisition Highlights
  • This is Broad Sky Partners’ 1st transaction in the Distribution sector.
  • This is Broad Sky Partners’ 3rd transaction in the United States.
  • This is Broad Sky Partners’ 1st transaction in New Jersey.

M&A Deal Summary

Date 2022-01-27
Target Thomas Scientific
Sector Distribution
Buyer(s) Broad Sky Partners
Sellers(s) The Carlyle Group
Deal Type Secondary Buyout
Advisor(s) Jefferies
Robert W. Baird & Co., Inc. (Financial)
Latham & Watkins (Legal)

Target

Thomas Scientific

Swedesboro, New Jersey, United States
website
Thomas Scientific is a distributor of laboratory products and equipment used by the scientific and research community. Products include laboratory equipment, consumables, chemicals, and safety products. Thomas Scientific was founded in 1900 and is based in Swedesboro, New Jersey.

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Buyer(S) 1

DESCRIPTION

Broad Sky Partners is a private equity firm that invests in middle-market companies operating in the media, communications, business services, and consumer products sectors. The Firm will consider both majority or minority positions and looks to commit $50 to $250 million per transaction. Broad Sky Partners was formed in 2013 and is based in New York City.


DEAL STATS #
Overall 3 of 7
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 2 of 2
State (New Jersey) 1 of 1
Country (United States) 3 of 7
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-09 Apex Parks Group

Aliso Viejo, California, United States

Apex Parks Group is an entertainment services provider. Apex Parks consists of 14 family entertainment centers include park locations under Boomers!, Malibu Grand Prix, Mountasia, and SpeedZone franchise brands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-23 Fair Harbor

Larchmont, New York, United States

Fair Harbor is a provider of apparel made from recycled plastic bottles. Fair Harbor's BreezeKnit offers the easy give of 4-way stretch and is made from nearly 90% upcycled plastic bottles. Fair Harbor is based in Larchmont, New York.

Buy -

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 421 of 443
Sector (Distribution) 2 of 3
Type (Secondary Buyout) 97 of 114
State (New Jersey) 7 of 8
Country (United States) 239 of 250
Year (2022) 1 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-22 Involta

Cedar Rapids, Iowa, United States

Involta builds, owns, and operates multi-tenant data centers providing related cloud, technical and managed technical services, allowing clients to focus on their core business. Involta operates eight world-class facilities in Iowa, Ohio, Minnesota, Idaho, and Arizona. Involta was founded in 2007 and is based in Cedar Rapids, Iowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Cupa Group

Ourense, Spain

CUPA Group is a global producer of roofing slates. The company also owns the second-largest distributor of roofing materials in the UK and is present in the distribution of natural stone products in France and Spain. Cupa Group was founded in 1892 and is based in Ourense, Spain.

Sell -