M&A Deal Summary |
|
|---|---|
| Date | 2021-01-05 |
| Target | VersaFlex |
| Sector | Chemicals |
| Buyer(s) | PPG |
| Sellers(s) | DalFort Capital Partners |
| Deal Type | Add-on Acquisition |
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PPG manufactures and distributes a broad range of coatings, specialty materials and glass products. The Company is comprised of three reportable business segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings and Industrial Coatings reportable segments supply coatings and specialty materials for customers in a wide array of end-use markets, including industrial equipment, appliances and packaging; factory-finished aluminum extrusions and steel and aluminum coils; marine and aircraft equipment; automotive original equipment; and other industrial and consumer products. The Industrial Coatings reportable segment is comprised of the automotive OEM, industrial coatings, packaging coatings, and specialty coatings and materials businesses. PPG's Glass segment is a producer of flat glass in North America and a producer of fiber glass in North America and Europe, as well as Asia through a partnership with Nan Ya Plastics Corp to serve the electronics industries. PPG was formed in 1883 and is based in Pittsburgh, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 42 of 44 |
| Sector (Chemicals) | 33 of 35 |
| Type (Add-on Acquisition) | 34 of 35 |
| State (Kansas) | 1 of 1 |
| Country (United States) | 25 of 25 |
| Year (2021) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-18 |
Tikkurila Oyj
Vantaa, Finland Tikkurila Oyj offers a broad range of decorative paints for consumers and professionals for surface protection and decoration. The product offering includes, among others, interior paints, lacquers, and effect products, exterior products for wood, masonry, and metal surfaces, as well as services related to painting. Tikkurila was founded in 1862 and is based in Vantaa, Finland. |
Buy | €1.1B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-11 |
Worwag
Korntal-Münchingen, Germany Worwag is a family-owned company headquartered in Stuttgart, Germany, founded in 1918. The company specializes in developing sustainable liquid, powder, and film coatings. Worwag operates locations in Germany, the U.S., China, South Africa, Mexico, Spain, Switzerland, and Poland. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2016 |
| Size | Small |
| Type | Sector Agnostic |
Dalfort Capital is a private equity firm that focuses on lower middle-market companies headquartered in Southwest US. Areas of interest include industrial manufacturing and services, specialty chemicals, building materials, energy products and services, and logistics/transportation. The Firm looks to invest in companies with revenue of $15 - $100 million and EBITDA of $3- $15 million. Types of the transaction include LBOs, recapitalizations, and corporate divestitures. Dalfort Capital was established in 2016 and is based in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Chemicals) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 2 |
| State (Kansas) | 1 of 1 |
| Country (United States) | 1 of 2 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-04-22 |
United Enertech
Chattanooga, Tennessee, United States United Enertech designs, develops, and manufactures mechanical and architectural air movement and control products, primarily for the commercial, industrial, and power generation markets. Its products include dampers, louvers, roof curbs and rails, sunshades, grills/diffusers, access doors, and ventilators. United Enertech is based in Chattanooga, Tennessee. |
Sell | - |
