M&A Deal Summary |
|
|---|---|
| Date | 2024-04-01 |
| Target | United Air Temp |
| Sector | Consumer Services |
| Buyer(s) | Littlejohn |
| Sellers(s) |
Summit Park
Capitala Group |
| Deal Type | Secondary Buyout |
| Advisor(s) | Citizens Bank, N.A. (Citizens Commercial Banking) (Financial) K&L Gates (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 7.8B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 64 of 64 |
| Sector (Consumer Services) | 1 of 1 |
| Type (Secondary Buyout) | 29 of 29 |
| State (Virginia) | 1 of 1 |
| Country (United States) | 60 of 60 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-30 |
Dana Kepner
Denver, Colorado, United States Dana Kepner is a regional, branch-based distributor of waterworks products (pipes, valves, fittings, meters, etc.). Dana Kepner was formed in 1933 and is based in Denver, Colorado. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-04-23 |
Strategic Materials
Houston, Texas, United States Strategic Materials is a recycled glass processor and independent recycled plastics processor. Strategic Materials reprocesses post-industrial and post-consumer scrap material into recycled products used by manufacturers of bottles, fiberglass, highway beads, plastic bags, and plastic films. Strategic Materials is based in Houston, Texas. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| PE ASSETS | 245M USD |
| Size | Small |
| Type | Sector Agnostic |
Summit Park Partners is a private investment firm that acquires lower middle-market companies. Summit Park looks for profitable, established businesses in consumer services, business services, value-added distribution, and light manufacturing. The Firm targets businesses with revenues of $20 to $150 million and EBITDA between $4 and $15 million. Prospective transaction types include recapitalizations, management buyouts, family successions, corporate divestitures, and industry consolidations. Summit's geographic preference is within the Southeast and Mid-Atlantic US. Summit Park was formed in 2005 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 12 |
| Sector (Consumer Services) | 1 of 1 |
| Type (Secondary Buyout) | 6 of 6 |
| State (Virginia) | 1 of 1 |
| Country (United States) | 12 of 12 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-04 |
Michelli Weighing & Measurement
New Orleans, Louisiana, United States Michelli Weighing & Measurement is a test and measurement business providing calibration, maintenance, inspection, and installation services and products for industrial weighing equipment, precision measurement devices, and calibration equipment. Michelli Weighing & Measurement was founded in 1947 and is based in New Orleans, Louisiana. |
Buy | - |
| Category | Asset Manager |
|---|---|
| Founded | 1998 |
| PE ASSETS | 3.0B USD |
| Size | Large |
| Type | Sector Agnostic |
Capitala Group is an asset manager that provides equity and mezzanine capital to mid-sized companies valued up to $250 million. Funds are generally used to support growth needs, add-on acquisitions, management/leveraged buyouts, and recapitalizations. Capitatala will invest across the US, but generally targets opportunities located in the Southeast. Industry preferences include building products, business services, consumer/reteail, general industrial, healthcare, and technology. Prospective companies typically have revenues greater than $10 million and EBITDA of at least $3 million. Capitala was formed in 1998 and is headquartered in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 49 of 49 |
| Sector (Consumer Services) | 2 of 2 |
| Type (Secondary Buyout) | 18 of 18 |
| State (Virginia) | 2 of 2 |
| Country (United States) | 48 of 48 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-13 |
TRS Global Services
Houston, Texas, United States TRS Global Services provides repair services on a wide range of turbines in a variety of applications. It is specialized in providing component repair and manufacturing processes for industrial, aeroderivative and aircraft gas turbines. TRS Global Services is based in Houston, Texas. |
Buy | - |
