M&A Deal Summary

Fluidra Acquires CMP

On March 10, 2021, Fluidra acquired plastics company CMP from Tenex Capital Management for 245M USD

Acquisition Highlights
  • This is Fluidra’s 1st transaction in the Plastics sector.
  • This is Fluidra’s largest (disclosed) transaction.
  • This is Fluidra’s 4th transaction in the United States.
  • This is Fluidra’s 1st transaction in Georgia.

M&A Deal Summary
Date 2021-03-10
Target CMP
Sector Plastics
Buyer(s) Fluidra
Sellers(s) Tenex Capital Management
Deal Type Add-on Acquisition
Deal Value 245M USD
Advisor(s) Raymond James - Investment Banking
Fidus Partners
Nomura Holdings, Inc. (Financial)
Troutman Pepper Hamilton Sanders (Legal)

Target

CMP

Newnan, Georgia, United States
website
Custom Molded Products LLC is a manufacturer and distributor of specialized plastic components used in spas, pools, and whirlpool baths. Custom Molded Products was founded in 1989 and is based in Newnan, Georgia.

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Buyer(S) 1

Buyer

Fluidra

Sabadell, Spain

website

Category Company
Founded 1969
Sector Leisure
Employees6,379
Revenue 2.2B EUR (2021)
DESCRIPTION

Fluidra provides manufacture and distribution of solutions for pools and wellness, water treatment, irrigation and fluid handling. Fluidra was founded in 1969 and is based in Sabadell, Spain.

DEAL STATS #
Overall 8 of 13
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 7 of 10
State (Georgia) 1 of 1
Country (United States) 4 of 6
Year (2021) 3 of 6
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-13 BuiltRight Industries

Brookfield, Connecticut, United States

BuiltRight Industries specializes in manufacturing and servicing high-performance heat pumps. BuiltRight Industries was based in Brookfield, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-25 Splash

Louvain-la-Neuve, Belgium

Splash offers a complete range of products and accessories that effectively treat swimming pool water and provide a solution to every problem encountered. Splash is based in Louvain-la-Neuve, Belgium.

Buy -

Seller(S) 1

SELLER

Tenex Capital Management

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tenex Capital Management is a private investment group focused on acquiring control positions in profitable North American companies with $3 to $40 million of EBITDA. The Firm does not have any sector preferences and looks to commit up to $125 million per transaction. Tenex Capital Management was formed in 1999 and is based in New York City.

DEAL STATS #
Overall 13 of 23
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 2 of 5
State (Georgia) 1 of 1
Country (United States) 13 of 23
Year (2021) 1 of 4
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-08 Cadence Petroleum Group

Asheboro, North Carolina, United States

Cadence Petroleum Group is a distributor of lubricants, fuel, antifreeze, diesel exhaust fluid, and other ancillary products for the eastern and central United States. Cadence Petroleum Group was founded in 1947 and is based in Asheboro, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 JJ s Bakery

Erie, Pennsylvania, United States

JJ's Bakery is a manufacturer of handheld snack pies. JTM sells its JJ’s Bakery branded snack pies and private-label snack pies to grocery, convenience, value, dollar, and mass retailers. JJ's Bakery was founded in 1986 and is based in Erie, Pennsylvania.

Buy -
Mergr

Product

Company

Legal