M&A Deal Summary

Littlejohn Acquires NWH

On July 20, 2014, private equity firm Littlejohn acquired forest products company NWH from American Industrial Partners

Acquisition Highlights
  • This is Littlejohn’s 1st transaction in the Forest Products sector.
  • This is Littlejohn’s 32nd transaction in the United States.
  • This is Littlejohn’s 2nd transaction in Texas.
Investment Fate
  • NWH went bankrupt in 2020.

M&A Deal Summary
Date 2014-07-20
Target NWH
Sector Forest Products
Buyer(s) Littlejohn
Sellers(s) American Industrial Partners
Deal Type Secondary Buyout

Target

NWH

Frisco, Texas, United States
website
NWH is a manufacturer and distributor of North American hardwood lumber. The company serves the repair and remodel, residential construction, industrial, and export markets. The company converts hardwood logs into a rough cut and kiln-dried lumber, and then planes and sorts the lumber boards into an array of grades for appearance wood applications. NWH is based in Frisco, Texas.

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Buyer(S) 1

Buyer

Littlejohn

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1996
PE ASSETS 7.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Littlejohn is a private equity firm that makes control investments in mid-sized companies undergoing change; either in capital structure, strategy, operations, or growth. Littlejohn looks to commit $50 to $250 million of equity, mezzanine, or credit capital in companies with annual revenues of $100 to $800 million. Sectors of interest include industrial equipment, packaging, chemicals, automotive and transportation parts and equipment, food and food processing, healthcare, plastics, aerospace/defense, distribution, environmental and infrastructure services, and consumer products. The Firm avoids investing in real estate, fashion, retail, and businesses engaged in high technology. Littlejohn prefers opportunities located in the US, but also considers opportunities in Europe and Canada. Littlejohn was formed in 1996 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 36 of 64
Sector (Forest Products) 1 of 1
Type (Secondary Buyout) 11 of 29
State (Texas) 2 of 10
Country (United States) 32 of 60
Year (2014) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-13 Installed Building Products

Columbus, Ohio, United States

Installed Building Products is a manufacture, sale, and installation of building products for the commercial building industry. IBP provides insulations, shower doors, mirrors, shelving, waterproofing, gutters, garage doors, and fireplaces. Installed Building Products was founded in 1977 and is based in Columbus, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-04 CoActive Technologies

Hong Kong, China

CoActive Technologies, Inc. is a manufacturer of electromechanical switches, interface controls, keypads and dome arrays, for a variety of industries including industrial equipment, mobile communications, computer and automotive.

Sell -

Seller(S) 1

SELLER

American Industrial Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1989
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

American Industrial Partners is a private equity firm focused on investments in North American manufacturing or industrial service companies. For platform acquisitions, the Firm seeks businesses with at least $500 million of revenue and the Firm will consider transactions valued up to $2 billion. Operating characteristics of prospective businesses include historical record of strong free cash flows, opportunities to drive value through operating enhancements, and sustainable competitive advantages. American Industrial Partners will consider a variety of transaction types including leveraged buyouts, structured equity investments, bridge financings, senior debt, carve-outs, take privates, turnarounds, and rescue financings. American Industrial Partners was formed in 1989 and is based in New York City.

DEAL STATS #
Overall 15 of 24
Sector (Forest Products) 1 of 1
Type (Secondary Buyout) 5 of 9
State (Texas) 1 of 2
Country (United States) 14 of 22
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-31 Carlstar Group

Franklin, Tennessee, United States

Carlstar Group is a producer of original equipment and aftermarket industrial belts, specialty tires and wheels for agriculture, construction, industry, outdoor power equipment, powersports, towables and trailers. Carlstar Group was founded in 1995 and is based in Franklin, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-22 Mark Andy

Chesterfield, Missouri, United States

Mark Andy is a manufacturer of flexographic and digital printing equipment and accessories. Mark Andy was founded in 1946 and is based in Chesterfield, Missouri.

Sell -
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