M&A Deal Summary

Amec Foster Wheeler Acquires Mactec

On June 11, 2011, Amec Foster Wheeler acquired business services company Mactec from Nautic Partners, Silver Oak Services Partners, Pamlico Capital and Navis Capital Partners for 280M USD

Acquisition Highlights
  • This is Amec Foster Wheeler’s 8th transaction in the Business Services sector.
  • This is Amec Foster Wheeler’s 2nd largest (disclosed) transaction.
  • This is Amec Foster Wheeler’s 8th transaction in the United States.
  • This is Amec Foster Wheeler’s 1st transaction in Georgia.

M&A Deal Summary
Date 2011-06-11
Target Mactec
Sector Business Services
Buyer(s) Amec Foster Wheeler
Sellers(s) Nautic Partners
Silver Oak Services Partners
Pamlico Capital
Navis Capital Partners
Deal Type Add-on Acquisition
Deal Value 280M USD
Advisor(s) Edwards Wildman Palmer LLP (Legal)

Target

Mactec

Alpharetta, Georgia, United States
Mactec, Inc. is a provider of engineering, environmental and construction management services to national, state and local governments and multi-national, regional and local private companies. MACTEC offers an ever-broadening portfolio of sustainable solutions, from renewable energy to facility asset management.

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Buyer(S) 1

Buyer

Amec Foster Wheeler

London, United Kingdom
Category Company
Founded 1848
Sector Engineering
Employees40,000
Revenue 4.0B GBP (2014)
DESCRIPTION
Amec Foster Wheeler office in Houston, Texas.
Amec Foster Wheeler office in Houston, Texas.

Amec Foster Wheeler plc serves the oil & gas, clean energy, environment & infrastructure and mining markets with consultancy, engineering, project management, operations and construction services, project delivery and specialized power equipment services. Amec Foster Wheeler was formed in 1848 and is based in London.

DEAL STATS #
Overall 21 of 26
Sector (Business Services) 8 of 8
Type (Add-on Acquisition) 20 of 23
State (Georgia) 1 of 1
Country (United States) 8 of 9
Year (2011) 4 of 4
Size (of disclosed) 2 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-21 QED International

Aberdeen, United Kingdom

qedi is a Technology driven, Safety and Integrity focused, Completions management and Commissioning support service company.

Buy £33M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-30 Unidel Group Pty

Brisbane, Australia

Unidel Group Pty Ltd. is a consulting, engineering and technical services company.

Buy AU$27M

Seller(S) 4

SELLER

Nautic Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Nautic Partners is a private equity firm focused on middle-market company investments based in the US. Nautic looks to invest $50 to $400 million of equity in businesses valued between $100 million and $1 billion. Nautic's industry focus is business services, manufacturing, healthcare, and communications. Prospective investment structures include buyouts, recapitalizations, consolidations, and growth financings. Nautic prefers majority investment positions. Nautic Partners was formed in 1986 and is based in Providence, Rhode Island.

DEAL STATS #
Overall 19 of 47
Sector (Business Services) 5 of 8
Type (Add-on Acquisition) 8 of 18
State (Georgia) 3 of 4
Country (United States) 19 of 46
Year (2011) 1 of 1
Size (of disclosed) 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-28 Theorem Clinical Research Holdings

King of Prussia, Pennsylvania, United States

Theorem Clinical Research Holdings LLC is a full-service, global clinical research organization. Theorem Clinical Research conducts early phase, phase II/III and late phase clinical trials for the pharmaceutical, biotechnology and medical device industries. The Company also provides technical services that support clinical trials, with a particular focus on data management and biostatistics services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-03 FirstBest Systems

Bedford, Massachusetts, United States

FirstBest Systems, Inc. is a provider of insurance software solutions that help insurance companies improve underwriting profitability, scale their business and achieve high service levels with agents, across the enterprise.

Buy -
SELLER

Silver Oak Services Partners

Evanston, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Focused
DESCRIPTION

Silver Oak Services Partners, LLC is a private equity firm focused on service businesses, specifically business services, healthcare services, and consumer services. The Firm targets companies with revenues between $15 and $150 million and EBITDA of $4 to $25 million. The Firm's typical investment size is $10 to $50 million with the ability to invest more through co-investment from the firm's limited partners. The company will not consider investments in start-ups, businesses with project-based revenue models, retail, or restaurants. Silver Oak Services Partners was formed in 1995 and is based in Evanston, Illinois.

DEAL STATS #
Overall 8 of 24
Sector (Business Services) 3 of 7
Type (Add-on Acquisition) 6 of 10
State (Georgia) 1 of 3
Country (United States) 8 of 24
Year (2011) 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-30 VeriClaim

Naperville, Illinois, United States

VeriClaim, Inc. is a provider of outsourced insurance claims services along three primary lines of business: commercial property claims adjusting, marine cargo claims services and claims management services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-19 Direct Travel

Centennial, Colorado, United States

Direct Travel is a corporate travel management provider offers outsourced booking and management of employee air travel, transportation and accommodations, focusing on mid- to large-sized corporate accounts. Direct Travel was founded in 1980 and is based in Centennial, Colorado.

Buy -
SELLER

Pamlico Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 22 of 61
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 10 of 32
State (Georgia) 1 of 3
Country (United States) 22 of 59
Year (2011) 3 of 5
Size (of disclosed) 9 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-18 Crosman

Bloomfield, New York, United States

Crosman Corp. is a manufacturer of airguns and accessories. Crosman offers a complete line of airguns, paintball guns, slingshots, targets, and other accessories under the brand names of Crosman, Benjamin, Sheridan, and Copperhead. Crosman was established in 1923 and is based in Bloomfield, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-21 Wheelhouse Solutions

San Francisco, California, United States

Wheelhouse Solutions LLC is a marketing services company comprised of companies that define, manage and produce face-to-face and digital experiences that bring companies and associations closer to the markets they serve.

Sell -
SELLER

Navis Capital Partners

Kuala Lampur, Malaysia

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Navis Capital Partners is a private equity firm focused on buyouts, recapitalizations and financial restructurings in Southeast Asia. Navis looks to invest between $15 and $100 million of equity per transaction in companies with up to $500 million in revenue. Navis does not specialize in any specific sector. Navis Capital Partners was formed in 1998 and is headquartered in Kuala Lampur, Malaysia.

DEAL STATS #
Overall 6 of 41
Sector (Business Services) 3 of 4
Type (Add-on Acquisition) 4 of 26
State (Georgia) 1 of 1
Country (United States) 2 of 4
Year (2011) 1 of 2
Size (of disclosed) 5 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-01 Retail Apparel Group Pty

Waterloo, Australia

Retail Apparel Group Pty Ltd. is a retailer of men's apparel. Retail Apparel Group Pty Ltd. was founded in 1987 and is based in Waterloo, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 King’s Safetywear

Singapore, Singapore

King’s Safetywear Limited is an international manufacturer of industrial safety footwear and markets them under its proprietary brands of KING’S, OTTER and OLIVER. Non-footwear personal protective equipment (PPE) products are also marketed by the Group and these include safety spectacles, safety helmets, safety harnesses. The Group’s safety footwear ranges are widely used in heavy and light industries alike; including the oil and gas, ship repair, aviation engineering, mining, manufacturing and automotive industries. They are particularly important to the construction sector and are even be used in service sectors such as hospital and emergency services and kitchens in hotels and restaurants.

Sell S$430M
Mergr

Product

Company

Legal