M&A Deal Summary

Dometic Group Acquires SeaStar Solutions

On November 22, 2017, Dometic Group acquired marine company SeaStar Solutions from American Securities for 875M USD

Acquisition Highlights
  • This is Dometic Group’s 1st transaction in the Marine sector.
  • This is Dometic Group’s largest (disclosed) transaction.
  • This is Dometic Group’s 2nd transaction in the United States.
  • This is Dometic Group’s 1st transaction in Illinois.

M&A Deal Summary
Date 2017-11-22
Target SeaStar Solutions
Sector Marine
Buyer(s) Dometic Group
Sellers(s) American Securities
Deal Type Add-on Acquisition
Deal Value 875M USD
Advisor(s) RBC Capital Markets (Financial)
Arnold & Porter LLP (Legal)

Target

SeaStar Solutions

Litchfield, Illinois, United States
website
SeaStar Solutions, Inc. is a provider of OEM and aftermarket products and accessories for the recreational marine and related markets. SeaStar Solutions is based in Litchfield, Illinois.

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Buyer(S) 1

Buyer

Dometic Group

Solna, Sweden

website

Category Company
Founded 1922
Sector Consumer Products
Employees7,683
Revenue 16.2B SEK (2020)
DESCRIPTION

Dometic Group is a provider of value added products to the recreational vehicle and pleasure boat industries. Dometic Group was founded in 1922 and is based in Solna, Sweden.

DEAL STATS #
Overall 3 of 5
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Illinois) 1 of 1
Country (United States) 2 of 4
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-24 B Medical Systems

Hosingen, Luxembourg

B Medical Systems is a manufacturer and distributor of medical refrigeration, blood management and cold-chain equipment for large scale vaccination programs in emerging markets. B Medical Systems was founded in 1979 and is based in Hosingen, Luxembourg.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-22 Valterra Products

Mission Hills, California, United States

Valterra Products is a supplier of brand name product lines to the RV, Pool & Spa, and Plumbing Industries. Valterra's new maquiladora Contract Manufacturing Division offers low-cost custom manufacturing and assembly services to client companies seeking to reduce costs and improve the bottom line. Valterra Products was founded in 1981 and is based in Mission Hills, California.

Buy -

Seller(S) 1

SELLER

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.

DEAL STATS #
Overall 36 of 50
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 16 of 20
State (Illinois) 3 of 3
Country (United States) 35 of 49
Year (2017) 5 of 5
Size (of disclosed) 4 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-03 MW Components

Charlotte, North Carolina, United States

MW Components is a manufacturer of products that make machines, engines, and complex sub-assemblies work harder, better, longer, and faster. Its full line of industrial springs, fasteners, machined parts, and flat-stamped spring-related products are engineered for peak performance and made from the world's best materials. MW Components is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-29 Vibrantz

Houston, Texas, United States

Vibrantz produces and markets specialty mineral products and additives. It offers naturally occurring minerals for pigment applications. The company’s mineral products include silica, iron chromite and pyrites, magnesite, magnetite, manganese dioxide, manganous oxide, olivine, red iron oxide, spodumene, and zircon. It also offers black iron and red iron oxide, chrome sand, cryolite, chromox, and glassox. In addition, the company provides alumina products, barium carbonate, bauxite, calcium carbonates, coloured sands, feldspar products, lithium products, manganese products, metallic oxides and compounds, perlite ores, and quartz products. Vibrantz is based in Houston, Texas.

Buy -
Mergr

Product

Company

Legal