M&A Deal Summary

ORIX Private Equity Solutions and Altas Partners Acquire NSC Minerals

On October 21, 2013, mezzanine finance firm ORIX Private Equity Solutions and private equity firm Altas Partners acquired chemicals company NSC Minerals from Wynnchurch Capital

Acquisition Highlights
  • This is ORIX Private Equity Solutions’ 1st and Altas Partners’ 1st transaction in the Chemicals sector.
  • This is ORIX Private Equity Solutions’ 1st and Altas Partners’ 1st transaction in Canada.
  • This is ORIX Private Equity Solutions’ 1st and Altas Partners’ 1st transaction in Saskatchewan.
Investment Fate
  • NSC Minerals was sold to a strategic buyer in 2019.

M&A Deal Summary

Date 2013-10-21
Target NSC Minerals
Sector Chemicals
Buyer(s) ORIX Private Equity Solutions
Altas Partners
Sellers(s) Wynnchurch Capital
Deal Type Secondary Buyout

Target

NSC Minerals

Saskatoon, Saskatchewan, Canada
website
NSC Minerals, Inc. is a provider of salt for highway de-icing, industrial and agricultural applications, serving municipal, provincial and state governments. NSC Minerals was founded in 1988 and is based in Saskatoon, Saskatchewan.

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Buyer(S) 2

DESCRIPTION

ORIX Mezzanine & Private Equity is the direct investment arm of asset manager ORIX. ORIX Mezzanine & Private Equity looks to invest $10 to $20 million to support buyouts, acquisitions, growth capital needs, and sponsored led transactions of profitable (greater than $5 million of EBITDA) companies throughout North America. ORIX will consider a variety of investment structures, including subordinated and convertible debt to common, preferred and convertible preferred equity. ORIX Mezzanine & Private Equity is headquartered in Dallas, Texas.


DEAL STATS #
Overall 5 of 27
Sector (Chemicals) 1 of 1
Type (Secondary Buyout) 1 of 3
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 2
Year (2013) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-24 Practice Fusion

San Francisco, California, United States

Practice Fusion, Inc. is a provider of cloud based electronic health record (EHR) platform for doctors and patients in the U.S. Practice Fusion serves more than 30,000 practices across 50 states through its cloud-based EHR platform. Practice Fusion, Inc. was established in 2005 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-13 L&S Mechanical

Richardson, Texas, United States

L&S Mechanical is a provider of new home construction services in the plumbing and electrical industries. L&S Mechanical serves large production homebuilders in Dallas / Fort Worth, Houston, San Antonio, and Austin through its five production warehouses. L&S Mechanical was founded in 1985 and is based in Richardson, Texas.

Buy -
Buyer

Altas Partners

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2012
PE ASSETS 10.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Atlas Partners LP is a Canadian private equity firm focused on acquiring controlling stakes in 'high-quality, market-leading' businesses. Atlas Partners does not have any sector preferences and generally pursues companies with strong management, stable cash-flows, and minimal risk of disintermediation. The Firm's target investment size is $100 to $500 million. Atlas Partners LP was formed in 2012 and is based in Toronto.


DEAL STATS #
Overall 3 of 10
Sector (Chemicals) 1 of 2
Type (Secondary Buyout) 2 of 6
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 1
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-05 HUB International

Chicago, Illinois, United States

HUB International is a global insurance brokerage providing a broad array of property and casualty, life and health, employee benefits, investment and risk management products and services through offices located in the United States (including Puerto Rico), Canada and Brazil. HUB International was formed in 1998 and is based in Chicago, Illinois.

Buy $4.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-08 Medforth Global Healthcare

New York, New York, United States

Medforth Global Healthcare is a provider of health sciences education. Medforth Global Healthcare is based in New York City.

Buy -

Seller(S) 1

SELLER

Wynnchurch Capital

Rosemont, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 5.3B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wynnchurch Capital is a private equity firm focused on middle-market company investments in the US and Canada. Wynnchurch looks to commit up to $500 million of equity per transaction in industries spanning manufacturing, business services, logistics, energy and power services, and value-added distribution. Prospective transaction types include management buyouts, recapitalizations, corporate carve-outs, restructurings, turnarounds and growth capital situations. Wynnchurch Capital was formed in 1999 and is based in Rosemont, Illinois.


DEAL STATS #
Overall 8 of 32
Sector (Chemicals) 1 of 1
Type (Secondary Buyout) 5 of 13
State (Saskatchewan) 1 of 1
Country (Canada) 2 of 4
Year (2013) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-15 Ironform

Chicago, Illinois, United States

Ironform is a provider of the truck body and chassis components, primarily to heavy- and medium-duty truck manufacturers, including bus manufacturers. Imperial fabricates a broad line of truck body and chassis parts, including bumpers, battery and tool boxes, crown assemblies, bus component, and chassis assemblies, fuel tanks, roofs, fenders, and cross members. Ironform was formed in 2013 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-04 Humanetics

Plymouth, Michigan, United States

Humanetics is a provider of safety systems, crash test dummies (ATDs), simulation software (RAMSIS), CAE models, human body models, complete line of passive & active safety SW & testing solutions, precision sensors, fiber optics and laser material processing solutions. Humanetics is based in Plymouth, Michigan.

Sell $250M