M&A Deal Summary

Madison Dearborn Partners Acquires SIRVA

On May 23, 2018, private equity firm Madison Dearborn Partners acquired transportation company SIRVA from Aurora Resurgence

Acquisition Highlights
  • This is Madison Dearborn Partners’ 1st transaction in the Transportation sector.
  • This is Madison Dearborn Partners’ 64th transaction in the United States.
  • This is Madison Dearborn Partners’ 11th transaction in Illinois.

M&A Deal Summary
Date 2018-05-23
Target SIRVA
Sector Transportation
Buyer(s) Madison Dearborn Partners
Sellers(s) Aurora Resurgence
Deal Type Secondary Buyout
Advisor(s) Goldman Sachs (Financial)
Weil Gotshal & Manges LLP (Legal)

Target

SIRVA

Oakbrook Terrace, Illinois, United States
website
SIRVA's corporate headquarters in Oakbrook Terrace, Illinois.
SIRVA's corporate headquarters in Oakbrook Terrace, Illinois.
SIRVA is a worldwide provider of relocation and moving solutions and provides more than 280,000 relocations per year to corporations, government employees, and individual consumers through its family of companies. SIRVA’s family of companies include Allied, Allied International, Allied Pickfords, DJK Residential, Global, northAmerican, northAmerican International, SIRVA Mortgage, SIRVA Relocation, SIRVA Move Management, SIRVA Global Relocation, and SIRVA Settlement.

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Buyer(S) 1

Buyer

Madison Dearborn Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1992
PE ASSETS 28.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.

DEAL STATS #
Overall 75 of 97
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 13 of 19
State (Illinois) 11 of 12
Country (United States) 64 of 83
Year (2018) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-10 EVO

Atlanta, Georgia, United States

EVO is a payment technology and services provider that offers an array of innovative, reliable, and secure payment solutions to merchants across the globe EVO was founded in 1989 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-29 LinQuest

Los Angeles, California, United States

LinQuest provides U.S. defense and intelligence communities with space systems technology solutions, including large-scale systems engineering & integration, software and cyber systems development, complex systems modeling & simulation, data analytics, and turnkey mission solutions. LinQuest’s core competencies are in military satellite communications engineering, development, integration, testing, and operations; space flight and ground software; tactical communications networks; cyber operations; space superiority; battlespace awareness; and position, navigation, and timing, placing it in some of the highest priority defense and intelligence growth markets. LinQuest was founded in 2004 and is based in Los Angeles, California.

Buy -

Seller(S) 1

SELLER

Aurora Resurgence

Investor Investor

website

Category Distressed Investor
Founded 1991
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Aurora Resurgence is a private equity firm focused on complex or special situation investments. The Firm is associated with private equity group Aurora Capital Group and looks to invest $25 to $100 million of equity or debt capital to support a variety of investment situations including buyouts, carve-outs, recapitalizations, 363 sales, secondary debt purchases, DIP financings, and restructurings. Aurora Resurgence is based in Los Angeles, California.

DEAL STATS #
Overall 6 of 10
Sector (Transportation) 2 of 2
Type (Secondary Buyout) 3 of 4
State (Illinois) 2 of 2
Country (United States) 6 of 8
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-27 Cardiac Science

Waukesha, Wisconsin, United States

Cardiac Science Corp. is a developer, manufacturer, and marketer of advanced diagnostic and therapeutic cardiology devices and systems, including automated external defibrillators (AEDs), electrocardiograph devices (ECGs), cardiac stress systems and treadmills, Holter monitoring systems, hospital defibrillators, cardiac rehabilitation telemetry systems, and cardiology data management systems (informatics) that connect with hospital information (HIS), electronic medical record (EMR), and other information systems. Cardiac Science Corp. was founded in 1913 and is based in Waukesha, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-02 Alltub

Boulogne-Billancourt, France

Alltub is a manufacturer of collapsible aluminum tubes for the packaging of pharmaceutical, cosmetics, foodstuffs, and industrial products. Alltub was founded in 2005 and is based in Boulogne-Billancourt, France.

Sell -
Mergr

Product

Company

Legal