M&A Deal Summary

Purcell Systems Acquires Design Tanks

On October 1, 2019, Purcell Systems acquired manufacturer Design Tanks from Aldine Capital Partners

Acquisition Highlights
  • This is Purcell Systems’ 1st transaction in the Manufacturing sector.
  • This is Purcell Systems’ 1st transaction in the United States.
  • This is Purcell Systems’ 1st transaction in South Dakota.

M&A Deal Summary
Date 2019-10-01
Target Design Tanks
Sector Manufacturing
Buyer(s) Purcell Systems
Sellers(s) Aldine Capital Partners
Deal Type Add-on Acquisition

Target

Design Tanks

Sioux Falls, South Dakota, United States
website
Design Tanks, Inc. designs, engineers, and manufactures fiberglass-reinforced plastic tanks. It offers tops/covers/bottoms, mixing tanks, solar tanks, sectionalized tanks, double wall tanks, and rectangular. Design Tanks was founded in 1956 and is based in Sioux Falls, South Dakota.

Search 193,103 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

Purcell Systems

Spokane Valley, Washington, United States

website

Category Company
Founded 2000
Sector Electrical Equipment
DESCRIPTION

Purcell Systems is a designer, manufacturer and marketer of thermally managed electronic equipment and battery cabinet enclosures for customers globally in telecommunication, broadband, utility, rail and military applications.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (South Dakota) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

Aldine Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Aldine Capital Partners is a mezzanine investment firm that provides mezzanine and junior capital financing to lower middle-market companies generating sales of at least $10 million and at least $2 million in EBITDA. Aldine invests in the range of $4 to $25 million per transaction. Types of transactions include management buyouts, acquisition financings, shareholder liquidity events, recapitalizations, and growth financings of smaller middle-market companies. Aldine will consider investments across the United States, but has a primary focus on opportunities in the Midwest. The Firm will not consider investments in start-ups, turnarounds, real estate, insurance, banking, and oil/gas. Aldine Capital was formed in 2005 and is based in Chicago, Illinois.

DEAL STATS #
Overall 18 of 23
Sector (Manufacturing) 1 of 2
Type (Add-on Acquisition) 12 of 14
State (South Dakota) 1 of 1
Country (United States) 18 of 23
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-12 Applied Process

Livonia, Michigan, United States

Applied Process, Inc. is a specialty heat treating company focused on austempering, an isothermal heat treatment which creates superior properties on ferrous metal parts: less distortion, higher strength, higher toughness, better wear resistance, lighter components, and lower overall cost.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-02 N.J. Sullivan

Dulles, Virginia, United States

N.J. Sullivan is a manufacturing and delivering niche, customized, industry-rated electrical enclosures, components include electrical junction boxes, switchgear cabinet enclosures. N.J. Sullivan was founded in 1958 and is based in Dulles, Virginia.

Buy -
Mergr

Product

Company

Legal