M&A Deal Summary |
|
|---|---|
| Date | 2021-10-19 |
| Target | Pelican Products |
| Sector | Consumer Products |
| Buyer(s) | Platinum Equity |
| Sellers(s) |
American Capital
Behrman Capital |
| Deal Type | Secondary Buyout |
| Advisor(s) | Credit Suisse Investment Banking (Financial) Latham & Watkins (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 48.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.
| DEAL STATS | # |
|---|---|
| Overall | 128 of 141 |
| Sector (Consumer Products) | 5 of 5 |
| Type (Secondary Buyout) | 32 of 37 |
| State (California) | 17 of 17 |
| Country (United States) | 104 of 112 |
| Year (2021) | 14 of 14 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-21 |
PCI
Singapore, Singapore PCI is an electronics manufacturing services provider, offering design, manufacturing, testing, and supply chain services to global customers. The business acts as an EMS provider for diverse end markets, including automotive, industrial equipment, commercial, consumer/lifestyle, and medical. PCI was founded in 1972 and is based in Singapore. |
Sell | $306M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-26 |
Orbit
Bountiful, Utah, United States Orbit is a provider of residential watering solutions whose mission is to bring smart technology to homeowners, landscape professionals, and farmers across the globe. The company serves markets spanning six continents and 40 countries, and for decades has been a worldwide leader in designing and building innovative water optimization products. Orbit is based in Bountiful, Utah. |
Sell | $480M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 22.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.
| DEAL STATS | # |
|---|---|
| Overall | 194 of 194 |
| Sector (Consumer Products) | 13 of 13 |
| Type (Secondary Buyout) | 71 of 71 |
| State (California) | 30 of 30 |
| Country (United States) | 186 of 186 |
| Year (2021) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-22 |
Transtar Industries
Cleveland, Ohio, United States Transtar Industries is a distributor and remanufacturer of automotive aftermarket transmission repair parts and manufacturers of automotive refinishing products. Transtar Industries was founded in 1975 and is based in Cleveland, Ohio. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1991 |
| PE ASSETS | 4.0B USD |
| Size | Large |
| Type | Sector Focused |
Behrman Capital is a private equity firm focused on management buyouts, leveraged buildups and recapitalizations of established growth companies. Areas of interest include healthcare, defense, specialty manufacturing, business to business outsourcing, and information technology. Behrman looks to invest in the range from $25 to $125 million of equity capital in companies generating sales of $25 to $250 million. Behrman Capital was formed in 1991. The Firm is based in New York City with an additional office in San Francisco.
| DEAL STATS | # |
|---|---|
| Overall | 20 of 22 |
| Sector (Consumer Products) | 2 of 2 |
| Type (Secondary Buyout) | 8 of 10 |
| State (California) | 2 of 2 |
| Country (United States) | 20 of 22 |
| Year (2021) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-07 |
Shur-Co
Yankton, South Dakota, United States Shur-Co is a manufacturer of innovative cargo covering and cargo control systems and related accessories for the transportation industry. Customers trust the Company’s family of premium brands to protect and secure valuable cargo, comply with regulations, and minimize risks to drivers and roadways. The Company’s product offering serves applications tied to the agriculture, construction, waste, flatbed, and rail industries. Shur-Co is based in Yankton, South Dakota. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-04 |
Brooks Equipment
Charlotte, North Carolina, United States Brooks Equipment is a distributor of first response fire protection equipment and related parts. Brooks Equipment operates via an extensive network of 16 distribution centers nationwide, through which it offers more than 200,000 products across every major fire and life safety brand. Brooks Equipment was founded in 1941 and is based in Charlotte, North Carolina. |
Sell | - |
