M&A Deal Summary

Tuckerman Capital, 2SV Capital and Right Lane Capital Acquire Galvanic Applied Sciences

On July 12, 2013, private equity firms Tuckerman Capital, 2SV Capital and Right Lane Capital acquired manufacturer Galvanic Applied Sciences

Acquisition Highlights
  • This is Tuckerman Capital’s 4th, 2SV Capital’s 1st and Right Lane Capital’s 1st transaction in the Manufacturing sector.
  • This is Tuckerman Capital’s 1st, 2SV Capital’s 1st and Right Lane Capital’s 1st transaction in Canada.
  • This is Tuckerman Capital’s 1st, 2SV Capital’s 1st and Right Lane Capital’s 1st transaction in Alberta.

M&A Deal Summary
Date 2013-07-12
Target Galvanic Applied Sciences
Sector Manufacturing
Buyer(s) Tuckerman Capital
2SV Capital
Right Lane Capital
Deal Type Going Private

Target

Galvanic Applied Sciences

Calgary, Alberta, Canada
website
Galvanic Applied Sciences is an innovative electronic technology company that develops instrumentation and manufactures equipment for the natural gas processing and distribution markets and liquids process markets. Products include analyzers for sulfur and BTU measurement in gases, electronic volume correctors and recorders used in combination with commercial natural gas meters, and tytrators, viscometers, suspended solids, and turbidity analyzers for on-line liquid analysis. Galvanic Applied Sciences is based in Calgary, Alberta.

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Buyer(S) 3

Buyer

Tuckerman Capital

Hanover, New Hampshire, United States

Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2001
Size Small
Type Sector Focused
DESCRIPTION

Tuckerman Capital is a private investment firm that targets smaller manufacturing companies, with a special interest in businesses that manufacture highly-engineered, non-commodity products across a broad range of industries. Tuckerman will also consider investments in niche service and distribution businesses. Tuckerman relies on deal partners to help source potential transactions. Tuckerman Capital is based in Hanover, New Hampshire.

DEAL STATS #
Overall 12 of 18
Sector (Manufacturing) 4 of 5
Type (Going Private) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2013) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-08 Six15

Henrietta, New York, United States

Six15 is a technology company that designs, develops, and manufactures head-up displays (HUDs) for enterprise and defense users operating in the world’s most demanding environments. Six15 was founded in 2012 and is based in Henrietta, New York.

Buy $9M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-01 Apache Industrial Services

Houston, Texas, United States

Apache Industrial Services provides a wide range of industrial services primarily to the energy sector. Services include various industrial coating applications and solutions, fireproofing, metalizing, insulation, scaffolding, power and petrochemical plant maintenance and tank/pipe painting and lining. Apache Industrial Services was founded in 1996 and is based in Houston, Texas.

Buy -
Buyer

2SV Capital

Waltham, Massachusetts, United States

website

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

2SV Capital LLC is an investment firm focused on public and private company investments. 2SV can commit up to $50 million per transaction and will invest across a company's capital structure (debt, preferred stock and common). In addition to 'healthy' companies, the 2SV also targets challenging/underperforming situations. 2SV was formed in 2008 and is based in Waltham, Massachusetts.

DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Going Private) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-22 Johnson Precision

Hudson, New Hampshire, United States

Johnson Precision is a global supplier of high precision, plastic injection molded components and sub-assemblies serving the bio-tech and life sciences industry. Johnson Precision was founded in 1981 and is based in Hudson, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-22 Johnson Precision

Hudson, New Hampshire, United States

Johnson Precision is a global supplier of high precision, plastic injection molded components and sub-assemblies serving the bio-tech and life sciences industry. Johnson Precision was founded in 1981 and is based in Hudson, New Hampshire.

Sell -
Buyer

Right Lane Capital

Investor

website

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Right Lane Capital is a private holding company focused on acquiring lower-middle market ($5 to $100 million of revenue) companies with no investment horizon. The Firm prefers industrial businesses including equipment manufacturing, component manufacturing, industrial services, specialty distribution, agriculture, and power generation. Prospective transaction situations include take privates, buyouts, divestitures, distressed situations, and recapitalizations. Right Lane Capital is headquartered in Chicago, Illinois.

DEAL STATS #
Overall 1 of 9
Sector (Manufacturing) 1 of 2
Type (Going Private) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 2
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 Pacific Press Technologies

Mount Carmel, Illinois, United States

Pacific Press Technologies is a manufacturer of highly engineered, specialized plastic and metal forming equipment, as well as complementary tooling, parts, refurbishment, and repair and maintenance services. Pacific Press Technologies was founded in 1945 and is based in Mount Carmel, Illinois.

Buy -
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