M&A Deal Summary

American Capital Acquires ASAP Industries

On January 11, 2013, private equity firm American Capital acquired manufacturer ASAP Industries from Hudson Ferry Capital for 89M USD

Acquisition Highlights
  • This is American Capital’s 23rd transaction in the Manufacturing sector.
  • This is American Capital’s 24th largest (disclosed) transaction.
  • This is American Capital’s 247th transaction in the United States.
  • This is American Capital’s 1st transaction in Louisiana.
Investment Fate
  • ASAP Industries was sold to a consortium of financial buyers in 2018.

M&A Deal Summary
Date 2013-01-11
Target ASAP Industries
Sector Manufacturing
Buyer(s) American Capital
Sellers(s) Hudson Ferry Capital
Deal Type Recapitalization
Deal Value 89M USD
Advisor(s) Simmons & Company
Matrix Capital Markets Group Inc. (Financial)

Target

ASAP Industries

Houma, Louisiana, United States
ASAP Industries is a manufacturer of high-pressure flow control products and provider of BOP repair and recertification services primarily to the North American oil and gas industry. ASAP Industries was founded in 2003 and is based in Houma, Louisiana.

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Buyer(S) 1

Buyer

American Capital

Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.

DEAL STATS #
Overall 259 of 265
Sector (Manufacturing) 23 of 23
Type (Recapitalization) 21 of 21
State (Louisiana) 1 of 1
Country (United States) 247 of 253
Year (2013) 2 of 4
Size (of disclosed) 24 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-08 Cambridge Major Laboratories

Germantown, Wisconsin, United States

Cambridge Major Laboratories, Inc. is provider of pharmaceutical intermediates and Active Pharmaceutical Ingredients (API) from early preclinical development to commercial manufacture.

Buy $212M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-31 Paradigm Precision

Stuart, Florida, United States

Paradigm Precision engages in the manufacture of precision machined components for the aerospace, marine, and industrial gas turbine engine industries. Its products include engine structural components, investment castings, turbine center frames and cases, shroud segments, and complex gas turbine engine structural components. Paradigm Precision is based in Stuart, Florida.

Sell $127M

Seller(S) 1

SELLER

Hudson Ferry Capital

Rye Brook, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 165M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Hudson Ferry Capital is a private equity firm that seeks control investments in established mid-sized US-based businesses with experienced management, high barriers to entry, and differentiated products/services. Hudson targets companies valued between $15 and $50 million with revenues up to $75 million and EBITDA of at least $3 million. Sectors of interest include niche manufacturing, building products, business services, and outsourcing. Hudson Ferry Capital was formed in 2006 and is based in New York City.

DEAL STATS #
Overall 2 of 6
Sector (Manufacturing) 1 of 2
Type (Recapitalization) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 2 of 6
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-31 GWTT

Wharton, New Jersey, United States

GWTT designs manufacture installs, and operates water treatment, air treatment, and soil vapor extraction systems. The company serves customers in the environmental consulting, chemical, pharmaceutical, utility, general industrial, and oil & gas sectors. GWTT was founded in 1996 and is based in Wharton, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-16 Soft-Tex International

Waterford, New York, United States

Soft-Tex International manufactures, imports, and distributes numerous bedding products including bed pillows, bed toppers, mattress pads, mattresses, and pillow and mattress protectors under a number of proprietary and licensed brands. Soft-Tex International was founded in 1986 and is based in Waterford, New York.

Buy -
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