M&A Deal Summary

Sibelco Acquires Strategic Materials

On April 23, 2024, Sibelco acquired environmental company Strategic Materials from Littlejohn

Acquisition Highlights
  • This is Sibelco’s 1st transaction in the Environmental sector.
  • This is Sibelco’s 1st transaction in the United States.
  • This is Sibelco’s 1st transaction in Texas.

M&A Deal Summary

Date 2024-04-23
Target Strategic Materials
Sector Environmental
Buyer(s) Sibelco
Sellers(s) Littlejohn
Deal Type Add-on Acquisition

Target

Strategic Materials

Houston, Texas, United States
website
Strategic Materials is a recycled glass processor and independent recycled plastics processor. Strategic Materials reprocesses post-industrial and post-consumer scrap material into recycled products used by manufacturers of bottles, fiberglass, highway beads, plastic bags, and plastic films. Strategic Materials is based in Houston, Texas.

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Buyer(S) 1

Buyer

Sibelco

Antwerpen, Belgium

website


Category Company
Sector Metals/Mining
DESCRIPTION

Sibelco mines, processes, and sells specialty industrial minerals, particularly silica, clays, feldspathic, and olivine. Sibelco is based in Antwerpen, Belgium.


DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Littlejohn

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 7.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Littlejohn is a private equity firm that makes control investments in mid-sized companies undergoing change; either in capital structure, strategy, operations, or growth. Littlejohn looks to commit $50 to $250 million of equity, mezzanine, or credit capital in companies with annual revenues of $100 to $800 million. Sectors of interest include industrial equipment, packaging, chemicals, automotive and transportation parts and equipment, food and food processing, healthcare, plastics, aerospace/defense, distribution, environmental and infrastructure services, and consumer products. The Firm avoids investing in real estate, fashion, retail, and businesses engaged in high technology. Littlejohn prefers opportunities located in the US, but also considers opportunities in Europe and Canada. Littlejohn was formed in 1996 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 46 of 47
Sector (Environmental) 3 of 3
Type (Add-on Acquisition) 20 of 21
State (Texas) 6 of 6
Country (United States) 42 of 43
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-01 United Air Temp

Lorton, Virginia, United States

United Air Temp is a provider of residential heating, ventilation, and air conditioning (HVAC) services to residential homeowners. United Air Temp is headquartered in Lorton, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-03 Motion Recruitment Partners

Boston, Massachusetts, United States

Motion Recruitment Partners provides IT staffing and direct hire services focused on skilled, difficult-to-fill positions. Motion Recruitment Partners was formed in 1989 and is based in Boston, Massachusetts.

Sell $425M