M&A Deal Summary

Harbour Group Acquires Marshall Excelsior

On March 21, 2017, asset manager Harbour Group acquired manufacturer Marshall Excelsior

Acquisition Highlights
  • This is Harbour Group’s 5th transaction in the Manufacturing sector.
  • This is Harbour Group’s 29th transaction in the United States.
  • This is Harbour Group’s 1st transaction in Michigan.

M&A Deal Summary
Date 2017-03-21
Target Marshall Excelsior
Sector Manufacturing
Buyer(s) Harbour Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Marshall Excelsior

Marshall, Michigan, United States
website
Marshall Excelsior Co. is a designer, manufacturer, and supplier of mission-critical, highly engineered flow control products used in the transportation, storage, and consumption of liquefied petroleum gas ("LPG") and liquefied anhydrous ammonia ("NH3"). Over the past 40 years, MEC has provided a variety of solutions, including fittings, adapters, valves, regulators, pigtails, gauges and accessories, to its growing base of customers. MEC's products support various LPG and NH3 applications including bulk storage, transport, commercial, domestic and recreational vehicles. Marshall Excelsior was founded in 1976 and is based in Marshall, Michigan.

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Buyer(S) 1

Buyer

Harbour Group

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 1976
Size Large
Type Sector Agnostic
DESCRIPTION

Harbour Group is a private investment firm that seeks to invest in companies within the sectors of manufacturing and distribution. The firm pursues companies with EBITDA between $4 million and $60 million, and revenue between $50 million and $100 million. In addition, the firm looks for investments within North America and around the world with enterprise value between $30 million and $500 million. Harbour Group was formed in 1976 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 29 of 39
Sector (Manufacturing) 5 of 5
Type (Buyout (LBO, MBO, MBI)) 12 of 17
State (Michigan) 1 of 1
Country (United States) 29 of 38
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-09 SP Industries

Warminster, Pennsylvania, United States

SP Industries, Inc. is a manufacturer of specialty equipment, scientific glassware, and laboratory and lab safety supplies serving the pharmaceutical, biotechnology, educational, industrial, and OEM markets. SP Industries is based in Warminster, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 ILP Holdings

Sanford, Florida, United States

ILP Holdings Corp. is a manufacturer of energy-efficient luminaires and retrofits solutions with over 14 years of experience supporting builders and retrofitters with green building initiatives. The company has developed a wide range of LED products to support commercial, industrial, and outdoor applications focused on energy and maintenance savings. New products like the UFO parking garage fixture and the LANCE retrofit kits demonstrate ILP's ability to deliver performance and value with exceptional aesthetics. ILP Holdings was founded in 2003 and is based in Sanford, Florida.

Buy -
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