M&A Deal Summary

EQT Acquires Osmose

On January 24, 2019, private equity firm EQT acquired utilities company Osmose from Kohlberg & Company

Acquisition Highlights
  • This is EQT’s 3rd transaction in the Utilities sector.
  • This is EQT’s 24th transaction in the United States.
  • This is EQT’s 1st transaction in Georgia.

M&A Deal Summary
Date 2019-01-24
Target Osmose
Sector Utilities
Buyer(s) EQT
Sellers(s) Kohlberg & Company
Deal Type Secondary Buyout
Advisor(s) Goldman Sachs
Harris Williams & Co. (Financial)
Ropes & Gray (Legal)

Target

Osmose

Peachtree City, Georgia, United States
website
Osmose is a provider of critical inspection, maintenance, and restoration services for utility and telecom infrastructure in the U.S. Osmose was founded in 1934 and is based in Peachtree City, Georgia.

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Buyer(S) 1

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1994
PE ASSETS 50.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 196 of 287
Sector (Utilities) 3 of 3
Type (Secondary Buyout) 51 of 89
State (Georgia) 1 of 2
Country (United States) 24 of 52
Year (2019) 2 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-23 UDG United Digital Group

Hamburg, Germany

UDG United Digital Group is a newly formed agency group for digital market management and communication. The Company unites expertise in concept & design, digital architecture and project implementation within the field of UX. The services on offer range from strategic marketing consulting services to digital design and implementation. UDG serves prestigious clients such as Porsche, Beiersdorf, Volkswagen, Stihl, KSB and Puma.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Kodiak Gas

Montgomery, Texas, United States

Kodiak is the largest privately-owned contract compression company in the US. The company currently operates in the Permian, Eagle Ford, and Scoop/Stack basins with over 2.8 million in revenue-generating horsepower. Kodiak’s business model is built on compression and service contracts with fixed monthly fees and no volume-dependent components, bringing predictable and recurring revenues. Kodiak Gas was founded in 2011 and is based in Montgomery, Texas.

Buy -

Seller(S) 1

SELLER

Kohlberg & Company

Mount Kisco, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kohlberg & Company is a private equity firm which acquires middle-market companies with consistent cash flow, and underperforming companies with operational deficiencies. Kohlberg looks to commit $100 to $500 million of equity capital in opportunities valued from $200 million to $2 billion. Kohlberg generally looks for opportunities in the manufacturing and service sectors, however the Firm will also selectively consider businesses in food and healthcare. Kohlberg tends not to consider technology or communications companies. Kohlberg & Company was formed in 1987 and has offices in Mt. Kisco, New York.

DEAL STATS #
Overall 40 of 47
Sector (Utilities) 2 of 3
Type (Secondary Buyout) 15 of 19
State (Georgia) 2 of 2
Country (United States) 39 of 46
Year (2019) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Sara Lee Frozen Bakery

Oakbrook Terrace, Illinois, United States

Sara Lee Frozen Bakery is a maker of frozen bakery and dessert products. Sara Lee Frozen Bakery premier brands include Sara Lee®, Van’s™, Chef Pierre®, and Bistro® Collection. Each day, Sara Lee Frozen Bakery pursues its Vision of becoming the world’s most beloved bakery by creating irresistible foods, growing with our customers, and delivering value for all. Sara Lee Frozen Bakery was founded in 2018 and is based in Oakbrook Terrace, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-18 Sabre Industries

Alvarado, Texas, United States

Sabre Industries is a producer of highly engineered products used for electric transmission and distribution and wireless telecommunications, offering a complete customer solution with a full range of engineered towers, poles, structures, and related services. The Company's vast array of product offerings, services, and extensive manufacturing capabilities has allowed Sabre to develop leading positions with a high-quality, diversified group of customers including the nation's largest utilities and wireless communications firms.

Sell -
Mergr

Product

Company

Legal