M&A Deal Summary |
|
|---|---|
| Date | 2016-07-06 |
| Target | Des-Case |
| Sector | Machinery |
| Buyer(s) | Industrial Growth Partners |
| Sellers(s) | Pfingsten Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Craig-Hallum (Financial) Paul Hastings (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 2.2B USD |
| Size | Large |
| Type | Sector Focused |
Industrial Growth Partners (IGP) is a private equity firm that invests in privately held, lower middle-market manufacturing and manufacturing services companies. Specific areas of interest include industrial components and equipment, electrical and electronic equipment, process instrumentation and controls, analytical instruments and measuring devices, filtration and pumps, specialty chemicals, plastics, and healthcare/safety equipment. Prospective transaction situations include management buyouts, leveraged buyouts, corporate divestitures, recapitalizations, management buy-ins, and growth capital financings. Target companies typically are profitable and have annual revenues up to $250 million. IGP was formed in 1997 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 29 of 43 |
| Sector (Machinery) | 5 of 7 |
| Type (Secondary Buyout) | 13 of 19 |
| State (Tennessee) | 3 of 3 |
| Country (United States) | 29 of 42 |
| Year (2016) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-05-18 |
Cambridge International
Cambridge, Maryland, United States Cambridge International, Inc. is a manufacturer of highly‐engineered metal conveyor belts food & dairy manufacturers of conveyor belts and related woven metal mesh solutions used in a variety of end markets packaging including food & dairy, metal working, packaging, agriculture, building products, Building Products filtration and electronics. |
Sell | $210M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-09-01 |
SPL
Houston, Texas, United States SPL is an independent provider of critical outsourced hydrocarbon measurement, analysis, and reporting services for oil and gas production and transport in the United States. The Company provides a comprehensive suite of gas and liquid laboratory tests and related field services from its network of 8 labs and 14 field service locations across the U.S. and counts leading independent and major exploration and production companies, as well as midstream operators, among its customers. SPL’s test and measurement services enable its customers to evaluate the composition of the hydrocarbons they are producing to fine-tune production from wells, market products downstream, meet regulatory reporting requirements, and ensure accurate payment of royalties to leaseholders. Southern Petroleum Laboratories was founded in 1944 and is based in Houston, Texas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 1.3B USD |
| Size | Large |
| Type | Sector Agnostic |
Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 24 of 39 |
| Sector (Machinery) | 3 of 6 |
| Type (Secondary Buyout) | 8 of 16 |
| State (Tennessee) | 1 of 2 |
| Country (United States) | 24 of 39 |
| Year (2016) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-06-07 |
Kith Kitchens
Haleyville, Alabama, United States Kith Kitchens is a manufacturer of semi-custom framed and frameless kitchen and bath cabinetry under the Kith and Eudora brand names. Kith Kitchens is based in Haleyville, Alabama. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-09-26 |
Allied Reliability
Houston, Texas, United States Allied Reliability provides reliability and maintenance services that help industrial companies and government agencies reduce maintenance costs and increase equipment uptime and throughput. Allied Reliability Group was established in 1997 and is based in Houston, Texas. |
Sell | - |
