M&A Deal Summary

Golden Gate Capital Acquires PetroChoice

On December 1, 2015, private equity firm Golden Gate Capital acquired distribution company PetroChoice from Greenbriar Equity Group

Acquisition Highlights
  • This is Golden Gate Capital’s 1st transaction in the Distribution sector.
  • This is Golden Gate Capital’s 71st transaction in the United States.
  • This is Golden Gate Capital’s 4th transaction in Pennsylvania.
Investment Fate
  • PetroChoice was sold to a strategic buyer in 2022 for 479M USD.

M&A Deal Summary
Date 2015-12-01
Target PetroChoice
Sector Distribution
Buyer(s) Golden Gate Capital
Sellers(s) Greenbriar Equity Group
Deal Type Secondary Buyout
Advisor(s) Robert W. Baird & Co., Inc. (Financial)

Target

PetroChoice

King of Prussia, Pennsylvania, United States
website
PetroChoice is the largest lubricant distributor in the United States, providing business solutions for industrial lubricant needs and commercial and passenger car motor oil. PetroChoice was founded in 1969 and is headquartered in King of Prussia, Pennsylvania.

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Buyer(S) 1

Buyer

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.

DEAL STATS #
Overall 80 of 102
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 13 of 21
State (Pennsylvania) 4 of 5
Country (United States) 71 of 92
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-08 Ascena Retail Group

Mahwah, New Jersey, United States

Ascena Retail Group is a specialty retailer of apparel for women and tween girls, operating, through its wholly-owned subsidiaries Maurices, Justice, Lane Bryant, and Catherines brands. The Company was established in 1962 and is based in Mahwah, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-11 Sard Verbinnen

New York, New York, United States

Sard Verbinnen & Co. is a provider of strategic communications solutions to hundreds of global enterprises, Fortune 500 companies, high profile business leaders and investors. SVC advises blue-chip clients across diverse end markets managing overall strategic positioning as well as company-specific events affecting their reputation, business affairs, and market value. SVC’s areas of expertise include M&A, shareholder activism, crisis management, restructuring and shareholder communications, among others.

Buy -

Seller(S) 1

SELLER

Greenbriar Equity Group

Rye, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Greenbriar Equity Group is a specialized private equity firm focused on investing in the global transportation and advanced manufacturing industries. Companies of interest include traditional carriers, such as railroads, cruise lines, airlines, air freight, shipping, and trucking, as well as ancillary manufacturers and service companies that support the transportation industry. Greenbriar will consider making majority as well as minority investments through a variety of structures, including leveraged buyouts, recapitalizations, growth capital investments, corporate joint ventures and privatizations. The Firm targets businesses valued from $100 million to $1 billion. Greenbriar Equity was formed in 1999 and is based in Rye, New York.

DEAL STATS #
Overall 11 of 24
Sector (Distribution) 3 of 4
Type (Secondary Buyout) 5 of 9
State (Pennsylvania) 2 of 3
Country (United States) 10 of 20
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-05 SEKO

Itasca, Illinois, United States

SEKO is a global non-asset-based 3PL provider offering a complete set of technology-enabled supply chain logistics solutions, including freight forwarding, transportation management, contract logistics and warehousing services. SEKO was founded in 1976 and is based in Itasca, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-24 Frauscher Sensor Technology

Sankt Marienkirchen bei Schärding, Austria

Frauscher Sensor Technology is a designer and manufacturer of railway wheel detection and axle counting systems based on inductive sensor and distributed acoustic sensing technologies. Frauscher Sensor Technology was founded in 1987 and is based in Sankt Marienkirchen bei Schärding, Austria.

Buy -
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