M&A Deal Summary |
|
|---|---|
| Date | 2022-06-22 |
| Target | Double E |
| Sector | Machinery |
| Buyer(s) | Industrial Growth Partners |
| Sellers(s) |
River Associates
Twin Brook Capital Partners |
| Deal Type | Secondary Buyout |
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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 | 41 of 43 |
| Sector (Machinery) | 7 of 7 |
| Type (Secondary Buyout) | 19 of 19 |
| State (Massachusetts) | 1 of 1 |
| Country (United States) | 40 of 42 |
| Year (2022) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-04-08 |
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. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-29 |
Prince & Izant
Cleveland, Ohio, United States Prince & Izant manufactures highly-engineered brazing alloys and precision-engineered materials in various forms, as well as kits and flux, delivering specified products for critical and demanding applications in the aerospace & defense, space, medical, electronics, HVACR, and other industrial markets. Prince & Izant is based in Cleveland, Ohio. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 1.0B USD |
| Size | Large |
| Type | Sector Agnostic |
River Associates is a private equity firm that targets buyouts, divestitures and recapitalizations of lower middle-market companies. River looks for investments in manufacturing, high-margin distribution, industrial services and 'non-faddish' retail companies. The Firm focuses on companies located in the US and Canada with minimum sales of $15 million and EBITDA of $3 to $12 million. River Associates avoids investing in heavily regulated industries as well as start-up, high-technology, commodity or natural resource companies. River Associates was formed in 1989 and is based in Chattanooga, Tennessee.
| DEAL STATS | # |
|---|---|
| Overall | 25 of 25 |
| Sector (Machinery) | 2 of 2 |
| Type (Secondary Buyout) | 13 of 13 |
| State (Massachusetts) | 1 of 1 |
| Country (United States) | 24 of 24 |
| Year (2022) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-30 |
Premier Parking
Nashville, Tennessee, United States Premier Parking is a provider of parking management solutions for urban, healthcare, hospitality, and mixed-use developments including restaurants, offices, municipal, and special events. The Company’s services include on-site parking management, traffic management, valet and shuttle services, parking enforcement, and parking design and technology consulting services. Premier Parking was established in 2001 and is based in Nashville, Tennessee. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-09-06 |
The Rubber Group
Rochester, New Hampshire, United States The Rubber Group manufactures and distributes custom compression and injected molded rubber products, including grommets, bellows, bumpers, seals, and hoses. The Company’s products are often used in critical, high-cost of failure applications across a broad range of end markets, including medical, oil and gas, general industrial, and transportation. The Rubber Group is based in Rochester, New Hampshire. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2014 |
| PE ASSETS | 22.3B USD |
| Size | Mega |
| Type | Sector Agnostic |
Twin Brook Capital Partners is a provider of senior financing to small and mid-sized profitable companies. The Firm looks to offer a variety of credit and equity solutions including revolvers, senior loans, unitranche loans, mezzanine financing, and equity co-investment to US-based companies with $3 to $50 million in EBITDA. Target sectors include industrial, manufacturing, business services, financial services, insurance, aerospace/defense, distribution, healthcare, and software/tech enabled services. Twin Brook Capital Partners is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 6 |
| Sector (Machinery) | 1 of 1 |
| Type (Secondary Buyout) | 3 of 5 |
| State (Massachusetts) | 1 of 1 |
| Country (United States) | 4 of 6 |
| Year (2022) | 3 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-01 |
Dermatologists of Central States
Cincinnati, Ohio, United States Dermatologists of Central States is a dermatology practice management company serving dermatology clinics throughout Ohio and its neighboring states. DOCS provides its partner practices with centralized non-clinical resources and services that enable clinicians to focus exclusively on providing best-in-class dermatological care to patients. Dermatologists of Central States is based in Cincinnati, Ohio. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-07-01 |
Rotating Machinery Services
Bethlehem, Pennsylvania, United States Rotating Machinery Services is a provider of specialty aftermarket repair, maintenance, and overhaul services for large, highly engineered rotating machinery. RMS’s solutions improve performance and extend the useful life of complex machinery used in customers’ critical industrial processes. Rotating Machinery Services was founded in 1997 and is based in Bethlehem, Pennsylvania. |
Sell | - |
