M&A Deal Summary

Bunzl Acquires Mccue

On September 14, 2021, Bunzl acquired building materials company Mccue from Eureka Equity Partners and M&T Bank

Acquisition Highlights
  • This is Bunzl’s 1st transaction in the Building Materials sector.
  • This is Bunzl’s 25th transaction in the United States.
  • This is Bunzl’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2021-09-14
Target Mccue
Sector Building Materials
Buyer(s) Bunzl
Sellers(s) Eureka Equity Partners
M&T Bank
Deal Type Add-on Acquisition

Target

Mccue

Peabody, Massachusetts, United States
website
Mccue is specializes in the distribution of products such as safety barriers, floor railings and bumpers, for use in warehouses and high footfall environments spanning sectors such as grocery and ecommerce. Mccue was founded in 1988 and is based in Peabody, Massachusetts.

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Buyer(S) 1

Buyer

Bunzl

London, United Kingdom

website

Category Company
Founded 1854
Sector Distribution
Employees21,021
Revenue 10.3B GBP (2021)
DESCRIPTION

Bunzl is a distribution and outsourcing group with operations across the Americas, Europe and Australasia. It support businesses all over the world with a variety of products that are essential for our customers in the successful operation of their businesses. Bunzl was incorporated in 1854 and is based in London, the United Kingdom.

DEAL STATS #
Overall 125 of 128
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 112 of 115
State (Massachusetts) 1 of 1
Country (United States) 25 of 25
Year (2021) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 Medshop Australia

Preston, Australia

Medshop Australia is an online distributor of medical supplies and devices to a diverse range of healthcare customers. Medshop Australia was founded in 2005 and is based in Preston, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-31 Workwear Express

Durham, United Kingdom

Workwear Express provides personalized workwear and promotional clothing with a strong e-commerce focus. Workwear Express was founded in 1990 and is based in Durham, England.

Buy -

Seller(S) 2

SELLER

Eureka Equity Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Eureka Equity Partners is a private equity firm focused on partnering with management in acquiring middle-market companies generating sales up to $100 million. The Firm will consider both control and non-control investments. Sectors of interest include communications, consumer products and services, healthcare, and transportation. Eureka invests in the range of $10 to $25 million per transaction. Eureka's geographic coverage is within the US with a preference for opportunities located in the Eastern and Mid-Atlantic US. Eureka was formed in 2004 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 21 of 23
Sector (Building Materials) 2 of 2
Type (Add-on Acquisition) 10 of 12
State (Massachusetts) 1 of 1
Country (United States) 21 of 23
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-20 iPEC Coaching

Shrewsbury, New Jersey, United States

iPEC Coaching is a provider of coach training and certification solutions to the worldwide professional coaching industry. iPEC offers coaching certifications to its students through both fully virtual and live training formats in North America, Europe, and Asia. In addition to its core training and certification business, the Company also provides training and coaching services to corporations and business support tools to the professional coach industry. iPEC Coaching is based in Shrewsbury, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-31 Merit Service Solutions

Marlton, New Jersey, United States

Merit Service Solutions is a provider of landscape maintenance, enhancement and design, installation, snow and ice management, and parking lot maintenance. Merit Service Solutions was founded in 1976 and is based in Marlton, New Jersey.

Sell -
SELLER

M&T Bank

Buffalo, New York, United States

website

Category Company
Founded 1856
Sector Financial Services
Employees17,115
Revenue 8.0B USD (2022)
DESCRIPTION

M&T Bank is a financial holding company. M&T's principal banking subsidiary, M&T Bank, operates banking offices in New York, Pennsylvania, Maryland, Virginia, West Virginia, Delaware and the District of Columbia. Trust-related services are provided by M&T's Wilmington Trust-affiliated companies and by M&T Bank. M&T Bank was founded in 1856 and is based in Buffalo, New York.

DEAL STATS #
Overall 1 of 3
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Massachusetts) 1 of 1
Country (United States) 1 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 People s United Bank

Bridgeport, Connecticut, United States

People's United Bank is a diversified financial services company with $33 billion in assets. People’s United Bank is a premier, community-based, regional bank in the Northeast offering commercial and retail banking, as well as wealth management services through a network of over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire, and Maine. People's United Bank was founded in 1842 and is based in Bridgeport, Connecticut.

Buy $7.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-21 Jansy

Fort Lee, New Jersey, United States

Jansy is a provider of value-added specialty packaging solutions for branded consumer products companies across a number of consumer categories. Jansy offers a turnkey consumer packaging platform that combines design and engineering services with full-scale outsourced production capabilities. Jansy was founded in 2004 and is based in Fort Lee, New Jersey.

Sell -
Mergr

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