M&A Deal Summary

Eriks NV Acquires Lewis-Goetz

On November 3, 2011, Eriks NV acquired distribution company Lewis-Goetz from Audax Private Equity

Acquisition Highlights
  • This is Eriks NV’s 2nd transaction in the Distribution sector.
  • This is Eriks NV’s 3rd transaction in the United States.
  • This is Eriks NV’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2011-11-03
Target Lewis-Goetz
Sector Distribution
Buyer(s) Eriks NV
Sellers(s) Audax Private Equity
Deal Type Add-on Acquisition
Advisor(s) Robert W. Baird & Co., Inc. (Financial)

Target

Lewis-Goetz

Pittsburgh, Pennsylvania, United States
website
Lewis-Goetz distribution center in Rock Hill, South Carolina.
Lewis-Goetz distribution center in Rock Hill, South Carolina.
Lewis-Goetz and Company, Inc. is a value-added distributor of fabricated rubber industrial products in North America, serving power generation, aggregate, coal mining, steel, and general industrial end markets. Lewis-Goetz was formed in 1935 and is based in Pittsburgh, Pennsylvania.

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Buyer(S) 1

Buyer

Eriks NV

Alkmaar, Netherlands

website


Category Company
Founded 1940
Sector Engineering
Employees5,000
DESCRIPTION

ERIKS is a leading provider of a wide range of high-quality mechanical engineering components and associated technical and logistics services.


DEAL STATS #
Overall 3 of 3
Sector (Distribution) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Pennsylvania) 1 of 1
Country (United States) 3 of 3
Year (2011) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-01 Industrial Controls Distributors

Wanamassa, New Jersey, United States

Industrial Controls Distributors is a distributor of industrial automation controls, industrial components and commercial heating, ventilation and air conditioning and combustion controls in the Mid-Atlantic and New England regions of the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-18 Revolvo

Dudley, United Kingdom

Revolvo Ltd. is a global specialist of split roller housed unit bearing supplier, manufactures solid and SRB split roller bearings in sizes from 15mm bore to over 1500mm outside diameter. Recognized for its quality, technical expertise, design and production capacity to deliver special custom designed RPP precision products and obsolete size of inch and metric solid and roller bearings. Based in Dudley, U.K., Revolvo provides solutions for mining, food and beverage, pulp and paper, metals, cement, marine and waste water industries.

Sell -

Seller(S) 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 20 of 97
Sector (Distribution) 2 of 9
Type (Add-on Acquisition) 10 of 32
State (Pennsylvania) 1 of 1
Country (United States) 19 of 92
Year (2011) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-21 Great Expressions Dental Centers

Bloomfield Hills, Michigan, United States

Great Expressions is a branded dental practice network that provides comprehensive affordable dental services distinguished by convenience, value, and a broad acceptance of insurance plans.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-04 Injured Workers Pharmacy

Methuen, Massachusetts, United States

Injured Workers Pharmacy is an independent mail order pharmacy serving the needs of injured workers. IWP offers a full range of therapeutic options to ease pain and discomfort caused by injury and meets each patient’s individual needs through a dedicated team of pharmacists. Injured Workers Pharmacy was founded in 2001 and is based in Methuen, Massachusetts.

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