M&A Deal Summary

One Equity Partners Acquires USNR

On November 8, 2021, private equity firm One Equity Partners acquired manufacturer USNR from Endeavour Capital

Acquisition Highlights
  • This is One Equity Partners’ 11th transaction in the Manufacturing sector.
  • This is One Equity Partners’ 56th transaction in the United States.
  • This is One Equity Partners’ 1st transaction in Washington.

M&A Deal Summary
Date 2021-11-08
Target USNR
Sector Manufacturing
Buyer(s) One Equity Partners
Sellers(s) Endeavour Capital
Deal Type Secondary Buyout

Target

USNR

Woodland, Washington, United States
website
USNR is a manufacturer of products ranging from single machines to highly engineered and technologically sophisticated turnkey solutions for wood processors in the plywood and panel, solid wood, and engineered wood sectors. USNR is based in Woodland, Washington.

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Buyer(S) 1

Buyer

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $300 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York City.

DEAL STATS #
Overall 97 of 122
Sector (Manufacturing) 11 of 15
Type (Secondary Buyout) 14 of 21
State (Washington) 1 of 1
Country (United States) 56 of 70
Year (2021) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-29 Momentum Manufacturing Group

Georgetown, Massachusetts, United States

Momentum Manufacturing Group provides metal fabrication, machining, powder coating, and assembly operation in New England and serves as a contract manufacturer to a range of consumer and industrial customers. Operations include fabrication and machining with a broad array of process technologies serving diverse end markets. Momentum Manufacturing Group was founded in 1982 and is based in Georgetown, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-29 Armis

San Francisco, California, United States

Armis is a provider in enterprise IoT security services. Armis discovers devices on and off the network, continuously analyzes endpoint behavior to identify risks and attacks, and protects critical information and systems by identifying suspicious or malicious devices and quarantining them. Armis was established in 2015 and is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

Endeavour Capital

Portland, Oregon, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1991
PE ASSETS 925M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Endeavour Capital LLC is a private equity firm that targets service and manufacturing companies headquartered in the Western United States. Endeavour looks to invest with and an enterprise value of $25 -$250 million with an EBITDA of $5-$50 million. Prospective companies are generally profitable with at least $5 million of EBITDA. Supported investment situations include growth capital financings, industry consolidations, management acquisitions, recapitalizations, and ownership transfers. The firm invests in the range of $25-$100 million per transaction. Areas Endeavour will not invest include real estate and emerging technology. Endeavour Capital was formed in 1991 and is based in Portland, Oregon with additional offices in Seattle, Washington, and Los Angeles, California.

DEAL STATS #
Overall 27 of 30
Sector (Manufacturing) 2 of 2
Type (Secondary Buyout) 11 of 12
State (Washington) 5 of 5
Country (United States) 27 of 29
Year (2021) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 PMI Worldwide

Seattle, Washington, United States

PMI Worldwide is a designer, manufacturer, and marketer of innovative food and beverage container solutions. PMI Worldwide was founded in 1983 and is based in Seattle, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 Oregon Freeze Dry

Albany, Oregon, United States

Oregon Freeze Dry is a freeze-dried foods company. The Company's freeze-dried ingredients are key components in the products of some of America’s largest food companies. OFD private label lines include such products as lunch and dinner entrees for the Nutri/System weight-loss program. Oregon Freeze Dry was founded in 1963 and is based in Albany, Oregon.

Sell -
Mergr

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