Lindsay Goldberg Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Lindsay Goldberg has acquired 4 companies.

Lindsay Goldberg’s most common sectors for investment arepackaging (12%) and food (8%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (42%) and secondary buyout (21%). In total, Lindsay Goldberg has invested in 19 US states and 8 different countries. Its largest (disclosed) acquisition occurred in 2019 when it acquired Amentum Services for $2.4B.

In the last 3 years, Lindsay Goldberg has exited 5 companies. The Firm’s most common exit type is secondary buyout (44%). Lindsay Goldberg’s largest (disclosed) exit occurred in 2017 when it sold Bluegrass Materials Company for $1.6B.

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M&A Summary

M&A Total Activity91
- M&A Buy Activity52
- M&A Sell Activity39
Total Sectors Invested 25
Total Countries Invested 8
M&A Buy/Sell Connections 25
M&A Advisors 6

Lindsay Goldberg

Transaction Criteria	Min	Max
Target Revenue	-	-
Target EBITDA	-	-
Investment Size	50	250
Enterprise Value	-	-
values in millions of USD

Transaction Criteria

Min

Max

Target Revenue

Target EBITDA

Investment Size

250

Enterprise Value

values in millions of USD

Year	≤ '19	'20	'21	'22	'23	'24	T
Buy (1.0/yr)	#	47	1	2	-	2	-	52
vol	$3.5B						$3.5B
Sell (1.4/yr)	#	32	2	3	2	-	-	39
vol	$10.9B						$10.9B
	91

Year

≤ '19

'20

'21

'22

'23

'24

Buy (1.0/yr)

vol

$3.5B

Sell (1.4/yr)

vol

$10.9B

Company	Date	Value	Type
The Kleinfelder Group, Inc.	2023-09-19	-	Secondary Buyout
San Diego, California · www.kleinfelder.com
Lightwave Dental Management LLC	2023-06-05	-	Buyout (LBO, MBO, MBI)
Woodbridge, Virginia · www.lightwavedental.com
Crown Paper Group, Inc.	2022-10-11	-	Secondary Sale
Port Townsend, Washington
Pixelle Specialty Solutions LLC	2022-04-04	-	Secondary Sale
Spring Grove, Pennsylvania · www.pixelle.com
PT Solutions	2021-12-17	-	Secondary Sale
Atlanta, Georgia · www.ptsolutions.com
Summit Interconnect, Inc.	2021-09-27	-	Secondary Buyout
Anaheim, California · www.summit-pcb.com
Delta T LLC	2021-07-20	-	Secondary Sale
Lexington, Kentucky · www.bigassfans.com
Schur Flexibles Group	2021-05-17	-	Trade Sale
Baden, Austria · www.schurflexibles.com
Aryzta AG - North American Bakery	2021-03-12	-	Divestiture
Chicago, Illinois
Pike Corp.	2020-12-21	-	Stake Purchase
Mount Airy, North Carolina · www.pike.com
View All >>

Company

Date

Value

Type

The Kleinfelder Group, Inc.

2023-09-19

Secondary Buyout

San Diego, California · www.kleinfelder.com

Lightwave Dental Management LLC

2023-06-05

Buyout (LBO, MBO, MBI)

Woodbridge, Virginia · www.lightwavedental.com

Crown Paper Group, Inc.

2022-10-11

Secondary Sale

Port Townsend, Washington

Pixelle Specialty Solutions LLC

2022-04-04

Secondary Sale

Spring Grove, Pennsylvania · www.pixelle.com

PT Solutions

2021-12-17

Secondary Sale

Atlanta, Georgia · www.ptsolutions.com

Summit Interconnect, Inc.

2021-09-27

Secondary Buyout

Anaheim, California · www.summit-pcb.com

Delta T LLC

2021-07-20

Secondary Sale

Lexington, Kentucky · www.bigassfans.com

Schur Flexibles Group

2021-05-17

Trade Sale

Baden, Austria · www.schurflexibles.com

Aryzta AG - North American Bakery

2021-03-12

Divestiture

Chicago, Illinois

Pike Corp.

2020-12-21

Stake Purchase

Mount Airy, North Carolina · www.pike.com

View All >>

Company	Acquired	Add-On/Sale	Date	#
Liveo Research AG	2019-11-11	Spica S.r.l.	2021-07-12	1
Basel, Switzerland · www.liveoresearch.com	Castiglione Olona, Italy · www.spica.eu
PACCOR International GmbH	2018-07-31	Miko Pac NV	2021-03-31	1
Niedernhall, Germany · www.paccor.com	Oud-Turnhout, Belgium · www.mikopac.com
Amentum Services, Inc.	2019-10-14	DynCorp International LLC	2020-09-24	2
Chantilly, Virginia · www.amentum.com	McLean, Virginia · www.dyn-intl.com

Company

Acquired

Add-On/Sale

Date

Liveo Research AG

2019-11-11

Spica S.r.l.

2021-07-12

Basel, Switzerland · www.liveoresearch.com

Castiglione Olona, Italy · www.spica.eu

PACCOR International GmbH

2018-07-31

Miko Pac NV

2021-03-31

Niedernhall, Germany · www.paccor.com

Oud-Turnhout, Belgium · www.mikopac.com

Amentum Services, Inc.

2019-10-14

DynCorp International LLC

2020-09-24

Chantilly, Virginia · www.amentum.com

McLean, Virginia · www.dyn-intl.com

Sector	Current #	Value	All-time #	Value
Packaging	4 (27%)	-	6 (11%)	-
Food	1 (7%)	-	4 (8%)	-
Manufacturing	1 (7%)	-	3 (6%)	500M (14%)
Forest Products	-	-	3 (6%)	360M (10%)
Insurance	-	-	3 (6%)	283M (8%)
Business Services	1 (7%)	-	3 (6%)	-
Construction	1 (7%)	-	3 (6%)	-
Healthcare Services	-	-	3 (6%)	-
Engineering	2 (13%)	2.4B (100%)	2 (4%)	2.4B (68%)
Distribution	-	-	2 (4%)	-
Energy Services and Equipment	-	-	2 (4%)	-
Environmental	-	-	2 (4%)	-
Information Technology	-	-	2 (4%)	-
Leisure	1 (7%)	-	2 (4%)	-
Metals/Mining	-	-	2 (4%)	-
Real Estate	1 (7%)	-	2 (4%)	-
Chemicals	-	-	1 (2%)	-
Defense	-	-	1 (2%)	-
Financial Services	-	-	1 (2%)	-
Life Science	1 (7%)	-	1 (2%)	-
Machinery	-	-	1 (2%)	-
Marketing	-	-	1 (2%)	-
Oil/Gas Exploration	-	-	1 (2%)	-
Semiconductors	1 (7%)	-	1 (2%)	-
Transportation	1 (7%)	-	1 (2%)	-
Total	15	$2.4B	53	$3.5B

Sector

Current #

Value

All-time #

Value

Packaging

4 (27%)

6 (11%)

Food

1 (7%)

4 (8%)

Manufacturing

1 (7%)

3 (6%)

500M (14%)

Forest Products

3 (6%)

360M (10%)

Insurance

3 (6%)

283M (8%)

Business Services

1 (7%)

3 (6%)

Construction

1 (7%)

3 (6%)

Healthcare Services

3 (6%)

Engineering

2 (13%)

2.4B (100%)

2 (4%)

2.4B (68%)

Distribution

2 (4%)

Energy Services and Equipment

2 (4%)

Environmental

2 (4%)

Information Technology

2 (4%)

Leisure

1 (7%)

2 (4%)

Metals/Mining

2 (4%)

Real Estate

1 (7%)

2 (4%)

Chemicals

1 (2%)

Defense

1 (2%)

Financial Services

1 (2%)

Life Science

1 (7%)

1 (2%)

Machinery

1 (2%)

Marketing

1 (2%)

Oil/Gas Exploration

1 (2%)

Semiconductors

1 (7%)

1 (2%)

Transportation

1 (7%)

1 (2%)

Total

$2.4B

$3.5B

State/Country	Current #	Value	All-time #	Value
United States	9 (60%)	2.4B (100%)	39 (74%)	3.5B (100%)
	Texas	-	-	8 (15%)	283M (8%)
	California	3 (20%)	-	5 (9%)	-
	Virginia	2 (13%)	2.4B (100%)	4 (8%)	2.4B (68%)
	North Carolina	2 (13%)	-	3 (6%)	-
	Illinois	1 (7%)	-	2 (4%)	-
	Pennsylvania	-	-	2 (4%)	360M (10%)
	Florida	-	-	2 (4%)	-
	New York	-	-	2 (4%)	-
	Maryland	1 (7%)	-	1 (2%)	-
	Kentucky	-	-	1 (2%)	500M (14%)
	Kansas	-	-	1 (2%)	-
	Georgia	-	-	1 (2%)	-
	Connecticut	-	-	1 (2%)	-
	Washington	-	-	1 (2%)	-
	Utah	-	-	1 (2%)	-
	Tennessee	-	-	1 (2%)	-
	Ohio	-	-	1 (2%)	-
	New Jersey	-	-	1 (2%)	-
	Massachusetts	-	-	1 (2%)	-
Germany	1 (7%)	-	4 (8%)	-
Norway	2 (13%)	-	3 (6%)	-
Canada	1 (7%)	-	2 (4%)	-
	British Columbia	1 (7%)	-	1 (2%)	-
	Ontario	-	-	1 (2%)	-
Netherlands	-	-	2 (4%)	-
Denmark	1 (7%)	-	1 (2%)	-
Switzerland	1 (7%)	-	1 (2%)	-
Austria	-	-	1 (2%)	-
Domestic	9 (60%)	2.4B (100%)	39 (74%)	3.5B (100%)
Cross-border	6 (40%)	-	14 (26%)	-
Total	15	$2.4B	53	$3.5B

State/Country

Current #

Value

All-time #

Value

United States

9 (60%)

2.4B (100%)

39 (74%)

3.5B (100%)

Texas

8 (15%)

283M (8%)

California

3 (20%)

5 (9%)

Virginia

2 (13%)

2.4B (100%)

4 (8%)

2.4B (68%)

North Carolina

2 (13%)

3 (6%)

Illinois

1 (7%)

2 (4%)

Pennsylvania

2 (4%)

360M (10%)

Florida

2 (4%)

New York

2 (4%)

Maryland

1 (7%)

1 (2%)

Kentucky

1 (2%)

500M (14%)

Kansas

1 (2%)

Georgia

1 (2%)

Connecticut

1 (2%)

Washington

1 (2%)

Utah

1 (2%)

Tennessee

1 (2%)

Ohio

1 (2%)

New Jersey

1 (2%)

Massachusetts

1 (2%)

Germany

1 (7%)

4 (8%)

Norway

2 (13%)

3 (6%)

Canada

1 (7%)

2 (4%)

British Columbia

1 (7%)

1 (2%)

Ontario

1 (2%)

Netherlands

2 (4%)

Denmark

1 (7%)

1 (2%)

Switzerland

1 (7%)

1 (2%)

Austria

1 (2%)

Domestic

9 (60%)

2.4B (100%)

39 (74%)

3.5B (100%)

Cross-border

6 (40%)

14 (26%)

Total

$2.4B

$3.5B

Type	Current #	Value	All-time #	Value
Buyout (LBO, MBO, MBI)	5 (33%)	-	22 (42%)	783M (22%)
Secondary Buyout	4 (27%)	-	11 (21%)	-
Divestiture	3 (20%)	2.4B (100%)	8 (15%)	2.8B (78%)
Growth Capital	-	-	4 (8%)	-
Joint Venture	2 (13%)	-	3 (6%)	-
Consolidation	-	-	2 (4%)	-
Stake Purchase	1 (7%)	-	2 (4%)	-
Recapitalization	-	-	1 (2%)	-
Total	15	$2.4B	53	$3.5B

Type

Current #

Value

All-time #

Value

Buyout (LBO, MBO, MBI)

5 (33%)

22 (42%)

783M (22%)

Secondary Buyout

4 (27%)

11 (21%)

Divestiture

3 (20%)

2.4B (100%)

8 (15%)

2.8B (78%)

Growth Capital

4 (8%)

Joint Venture

2 (13%)

3 (6%)

Consolidation

2 (4%)

Stake Purchase

1 (7%)

2 (4%)

Recapitalization

1 (2%)

Total

$2.4B

$3.5B

Type	Total #	Value
Secondary Sale	18 (46%)	2.2B (20%)
Trade Sale - Public Company	8 (21%)	6.8B (62%)
IPO	6 (15%)	-
Trade Sale	4 (10%)	1.5B (14%)
Sold to Management	1 (3%)	455M (4%)
Merger	1 (3%)	-
Shut Down	1 (3%)	-
Total	39	$10.9B

Type

Total #

Value

Secondary Sale

18 (46%)

2.2B (20%)

Trade Sale - Public Company

8 (21%)

6.8B (62%)

IPO

6 (15%)

Trade Sale

4 (10%)

1.5B (14%)

Sold to Management

1 (3%)

455M (4%)

Merger

1 (3%)

Shut Down

1 (3%)

Total

$10.9B

Financial	Deals
Lazard Ltd.	1
J.P. Morgan Securities	1
Morgan Stanley	1

Financial

Deals

Lazard Ltd.

J.P. Morgan Securities

Morgan Stanley

Legal	Deals
Cravath, Swaine & Moore LLP	3
Weil Gotshal & Manges LLP	2
McDermott Will & Emery	1

Legal

Deals

Cravath, Swaine & Moore LLP

Weil Gotshal & Manges LLP

McDermott Will & Emery

buy	#	Total
> $1B	1	$2.4B
$100M to $1B	3	$1.1B
TOTAL	$3.5B
Largest	Amentum Services, Inc. $2.4B (2019-10-14)

buy

Total

> $1B

$2.4B

$100M to $1B

$1.1B

TOTAL

$3.5B

Largest

Amentum Services, Inc.
$2.4B (2019-10-14)

sell	#	Total
> $1B	5	$6.3B
$100M to $1B	8	$4.6B
TOTAL	$10.9B
Largest	Bluegrass Materials Company LLC $1.6B (2017-06-26)

sell

Total

> $1B

$6.3B

$100M to $1B

$4.6B

TOTAL

$10.9B

Largest

Bluegrass Materials Company LLC
$1.6B (2017-06-26)

		Deals
Acquired from
Investor(s)	25%	13 (25%)
Strategic(s)	15%	8 (15%)
Exited to
Investor(s)	44%	17 (44%)
Strategic(s)	31%	12 (31%)

Deals

Acquired from

Investor(s)

13 (25%)

Strategic(s)

8 (15%)

Exited to

Investor(s)

17 (44%)

Strategic(s)

12 (31%)

FAQ

When was Lindsay Goldberg founded?

Lindsay Goldberg was founded in 2001.

What type of investor is Lindsay Goldberg?

Lindsay Goldberg is a private equity firm.

Where is Lindsay Goldberg headquartered?

Lindsay Goldberg is headquartered in New York, New York.

How much capital does Lindsay Goldberg have under management?

Lindsay Goldberg has 17.0B USD under management.

Lindsay Goldberg Mergers and Acquisitions Summary

Private Equity Firm Profile

M&A Summary