M&A Deal Summary

SK Capital Partners and Edgewater Capital Partners Acquire Luxium Solutions

On September 1, 2022, private equity firms SK Capital Partners and Edgewater Capital Partners acquired building materials company Luxium Solutions from Saint-Gobain

Acquisition Highlights
  • This is SK Capital Partners’ 1st and Edgewater Capital Partners’ 1st transaction in the Building Materials sector.
  • This is SK Capital Partners’ 24th and Edgewater Capital Partners’ 26th transaction in the United States.
  • This is SK Capital Partners’ 3rd and Edgewater Capital Partners’ 5th transaction in Ohio.

M&A Deal Summary

Date 2022-09-01
Target Luxium Solutions
Sector Building Materials
Buyer(s) SK Capital Partners
Edgewater Capital Partners
Sellers(s) Saint-Gobain
Deal Type Divestiture

Target

Luxium Solutions

Hiram, Ohio, United States
website
Luxium Solutions is a provider of single scintillation crystals for radiation detection applications, as well as sapphire and garnet substrates for photonics and power electronics applications. Luxium Solutions was founded in 1969 and is based in Hiram, Ohio.

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Buyer(S) 2

Buyer

SK Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2007
PE ASSETS 4.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

SK Capital Partners is a private investor in mature and middle-market companies located throughout North America. SK Capital focuses on companies with opportunities for substantial business improvement and strong growth prospects. The Firm looks to invest $100 to $200 million of equity in transactions valued up to $500 million. Prospective businesses typically generate $50 to $500 million in revenues and at least $100 million in EBITDA. Areas of interest include specialty materials, chemicals and healthcare. The Firm will consider a variety of transaction situations, including buyouts, recapitalizations, growth equity financings, and corporate carve-outs. SK Capital Partners was spun out of Arsenal Capital Partners and became independent in 2007. SK Capital Partners is based in New York City.


DEAL STATS #
Overall 35 of 39
Sector (Building Materials) 1 of 1
Type (Divestiture) 15 of 15
State (Ohio) 3 of 3
Country (United States) 24 of 26
Year (2022) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-18 NuCera Solutions

Barnsdall, Oklahoma, United States

NuCera Solutions engages in the development and manufacture of highly differentiated specialty polymers for markets that require high quality and performance: Adhesives, Candles, Coatings, Imaging, Masterbatches, Personal Care, and Plastics. NuCera Solutions is based in Barnsdall, Oklahoma.

Sell $250M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-28 Apotex

Toronto, Ontario, Canada

Apotex is an independent pharmaceutical company committed to R&D, manufacturing, and distributing a broad range of high-quality, affordable medicines to patients, healthcare providers, payers, and governments worldwide. Apotex was founded in 1974 and is based in Toronto, Ontario.

Buy -
Buyer

Edgewater Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1982
Size Middle-Market
Type Sector Focused
DESCRIPTION

Edgewater Capital Partners is a private equity firm focused on acquiring established, lower middle-market companies. Prospective investment situations include corporate divestitures, management buyouts, and family business liquidity. The Firm's industry preferences include highly-engineered manufacturing, specialty chemicals, specialty Industrials, Life Science. Edgewater Capital Partners was formed in 1982 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 27 of 30
Sector (Building Materials) 1 of 1
Type (Divestiture) 8 of 8
State (Ohio) 5 of 6
Country (United States) 26 of 29
Year (2022) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-11 GL Chemtec International

Oakville, Ontario, Canada

GL Chemtec International is a specialist in advanced chemistry R&D and scale-up services to support Active Pharmaceutical Ingredient (“API”) development, and the development of advanced materials for drug delivery, medical devices, and other life science applications. GL Chemtec International is based in Oakville, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 ChemQuest Chemicals

Pasadena, Texas, United States

ChemQuest Chemicals is a custom blender and value-added supply chain partner for chemical companies serving a broad range of industries, including agriculture, water treatment, petrochemicals, and other industrial applications. ChemQuest Chemicals is based in Pasadena, Texas.

Sell -

Seller(S) 1

SELLER

Saint-Gobain

Courbevoie, France

website


Category Company
Founded 1665
Sector Building Materials
Employees167,552
Revenue 51.2B EUR (2022)
DESCRIPTION

Saint-Gobain is a manufacturer, designer and distributor of functional materials for the construction, industrial and consumer markets. Saint-Gobain provides comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change. Saint-Gobain was founded in 1665 and is based in Courbevoie, France.


DEAL STATS #
Overall 21 of 22
Sector (Building Materials) 11 of 11
Type (Divestiture) 20 of 21
State (Ohio) 2 of 2
Country (United States) 4 of 4
Year (2022) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-04 Protræ

Rødding, Denmark

Protræ provides a wide selection of profiles for interior and exterior construction. You will find all the profile types under the product categories and be guided here through your choices within wood type, surface structure and finishing.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-12 Saint-Gobain - Distribution Business

United Kingdom

Saint-Gobain' Distribution Business includes the builders and timber merchant Jewson.

Sell -