M&A Deal Summary

Lone Star Funds Acquires Vigor Industrial

On February 3, 2023, private equity firm Lone Star Funds acquired marine company Vigor Industrial from The Carlyle Group and Stellex Capital Management

Acquisition Highlights
  • This is Lone Star Funds’ 1st transaction in the Marine sector.
  • This is Lone Star Funds’ 10th transaction in the United States.
  • This is Lone Star Funds’ 1st transaction in Oregon.

M&A Deal Summary

Date 2023-02-03
Target Vigor Industrial
Sector Marine
Buyer(s) Lone Star Funds
Sellers(s) The Carlyle Group
Stellex Capital Management
Deal Type Secondary Buyout
Advisor(s) BofA Securities
Evercore Group (Financial)
Latham & Watkins (Legal)

Target

Vigor Industrial

Portland, Oregon, United States
website
Vigor Industrial is a diversified industrial business specializing in shipbuilding, ship repair, and handling important, complex projects in support of energy generation, the nation’s infrastructure, and national defense. With a deep respect for people and the planet, the company strives to be a positive, regenerative force for good environmentally, in the lives of its employees and in the community. Vigor was formed in 1916 and is based in Portland, Oregon.

Search 192,860 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Lone Star Funds

Dallas, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1995
PE ASSETS 85.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lone Star Funds is a global private investment firm focused on investing across several strategies. The Firm's primary investment activity surrounds financial services and real estate. Lone Star generally looks to acquire distressed debt and equity assets including corporate, commercial real estate, single family residential and consumer debt products as well as banks and asset rich operating companies. Lone Star was formed in 1995 and is based in Dallas, Texas with additional offices across Western Europe and Asia.


DEAL STATS #
Overall 23 of 25
Sector (Marine) 1 of 1
Type (Secondary Buyout) 12 of 13
State (Oregon) 1 of 1
Country (United States) 10 of 12
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-31 Senqcia

Tokyo, Japan

Senqcia is a company that specialized in manufacturing, developing, and providing building and construction materials and solutions. The company develops Raised Floor Systems, HIBASE Methods, HIRING Methods, and vibration dampers. It also has a highly valuable new business offering that produces earthquake-resistant products for existing infrastructure or properties. Senqcia is based in Tokyo, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-28 Venturi Restoration

Schaumburg, Illinois, United States

Venturi Restoration is a property reconstruction and renovation industries serving thousands of residential, commercial and multi-family customers from United States. Venturi Restoration was founded in1997 and is based in Schaumburg, Illinois.

Sell -

Seller(S) 2

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 435 of 443
Sector (Marine) 5 of 5
Type (Secondary Buyout) 109 of 114
State (Oregon) 3 of 3
Country (United States) 248 of 250
Year (2023) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-17 Acufocus

Irvine, California, United States

Acufocus is a medical device company that develops and markets small aperture technologies for the improvement of near vision. Acufocus was founded in 2001 and is based in Irvine, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-06 Traxys

Strassen, Luxembourg

Traxys is an intermediary between base metal, noble alloy, industrial mineral producers, and industrial end-users. The Company provides a full range of commercial services such as marketing, sales, distribution, hedging, supply chain financing, raw materials sourcing, credit risk coverage, and logistics. Traxys was formed in 1919 and is based in Strassen, Luxembourg.

Sell -
SELLER
DESCRIPTION

Stellex Capital Management is a private equity firm focused on acquiring middle-market companies throughout North America and Europe. Stellex looks to invest $25 to $150 million in transactions valued up to $500 million. Sectors of interest include manufacturing, industrial, business services, aerospace, defense, government services, automotive, consumer products, distribution, and transportation. Prospective transaction situations include buyouts, turnarounds, recapitalizations, corporate divestitures, consolidations, and secondary purchases. Stellex Capital Management was formed in 2014 and is based in New York City.


DEAL STATS #
Overall 3 of 4
Sector (Marine) 2 of 2
Type (Secondary Buyout) 1 of 2
State (Oregon) 1 of 1
Country (United States) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-13 G2 Web Services

Bellevue, Washington, United States

G2 Web Services is a provider of merchant compliance monitoring and e-commerce risk management. G2 works globally with acquiring banks, independent sales organizations (ISOs), payment service providers (PSPs) and other acquiring value chain members to identify, mitigate and monitor risk posed by their merchants’ online presences. G2 Web Services was founded in 2004 and is based in Bellevue, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-08 DBSantasalo

Huddersfield, United Kingdom

DBSantasalo designs and manufactures industrial gears and mechanical and hydraulic transmission systems used in a wide range of applications from industrial machinery, such as conveyors, to transportation applications, such as rail traction gears. DBSantasalo also manufactures industrial pumps for the oil, gas and petrochemical industries. DBSantasalo is based in Huddersfield, United Kingdom.

Buy -