American Securities Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, American Securities has acquired 3 companies. It has also invested in 1 other.

American Securities’ most common sectors for investment are manufacturing (12%) and chemicals (12%). The Firm’s most common investment types include secondary buyout (44%) and buyout (lbo, mbo, mbi) (36%). In total, American Securities has invested in 26 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2017 when it acquired Air Methods for $2.5B.

In the last 3 years, American Securities has exited 7 companies. The Firm’s most common exit type is trade sale (45%). American Securities’ largest (disclosed) exit occurred in 2017 when it sold Royal Adhesives & Sealants for $1.6B.

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M&A Summary

  • M&A Total Activity98
    • M&A Buy Activity62
    • M&A Sell Activity36
  • Total Sectors Invested 30
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 28
  • M&A Advisors 16

American Securities

299 Park Avenue, 34th Floor,
New York, New York 10017-4011
United States,
(212)476-8000
www.american-securities.com
info@american-securities.com

American Securities is a large private equity firm that typically partners with management when pursuing middle-market company acquisitions. American Securities typically pursues US-based companies and generally seeks to commit $100 to $500 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities maintains offices in New York City and Shanghai.


Investment Criteria

Sectors of Interest: Aerospace, Agriculture, Automotive, Building Materials, Business Services, Chemicals, Communications, Construction, Consumer Products, Defense, Distribution, Electrical Equipment, Electronics, Energy Services and Equipment, Engineering, Environmental, Food, Franchising, Healthcare Services, Machinery, Manufacturing, Marketing, Media, Medical Products, Oil/Gas Exploration, Packaging, Publishing, Renewable Energy, Restaurants, Retail, Technology Hardware, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Recapitalization, Special Situations/Distressed

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 100 500
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (2.6/yr) # 49 6 2 3 1 1 62
vol $4.7B $2.5B $2.4B $9.6B
Sell (1.4/yr) # 29 - 4 3 - - 36
vol $3.9B $2.5B $6.4B
  98

Most Recent M&A

Company Date Value Type
United PF Holdings LLC 2020-01-06 - Growth Capital
Austin, Texas
AECOM - Management Services Business 2019-10-14 2.4B USD Divestiture
Germantown, Maryland
FleetPride, Inc. 2018-12-19 - Secondary Buyout
Irving, Texas · www.fleetpride.com
CPM Holdings, Inc. 2018-11-16 - Buyout (LBO, MBO, MBI)
Waterloo, Iowa · www.corporate.cpm.net
Ulterra Drilling Technologies LP 2018-10-23 - Secondary Buyout
Fort Worth, Texas · www.ulterra.com
Unifrax I LLC 2018-09-28 - Secondary Buyout
Tonawanda, New York · www.unifrax.com
Xerium Technologies, Inc. 2018-06-24 - Add-on Acquisition
Youngsville, North Carolina · www.xerium.com
Prince Mineral Co. Inc. 2018-03-29 - Secondary Buyout
New York, New York · www.princecorp.com
SeaStar Solutions, Inc. 2017-11-22 875M USD Add-on Acquisition
Litchfield, Illinois · www.teleflexmarine.com
MW Industries, Inc. 2017-10-03 - Secondary Buyout
Rosemont, Illinois · www.mw-ind.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
FleetPride, Inc. 2018-12-19 Commercial Truck Services 2019-11-12 4
Irving, Texas · www.fleetpride.com Conway, Arkansas · www.ctsconway.com
FleetPride, Inc. 2018-12-19 Goose's Diesel Truck Parts & Service LLC 2019-06-25 3
Irving, Texas · www.fleetpride.com Pleasant Valley, New York
FleetPride, Inc. 2018-12-19 Albert's Truck Service & Supply 2019-06-04 2
Irving, Texas · www.fleetpride.com Weatherford, Oklahoma · www.albertsats.com
FleetPride, Inc. 2018-12-19 Patriot Truck & Trailer 2019-04-02 1
Irving, Texas · www.fleetpride.com Texarkana, Arkansas · www.patriotar.com
North American Partners in Anesthesia LLP 2016-04-19 Aisthesis 2018-12-05 1
Melville, New York · www.napaanesthesia.com Bethesda, Maryland · www.aisthesispartners.com
Chromaflo Technologies Corp. 2016-10-05 CECOPLAS (Central de Colores Plásticos, S.A. de C.V.) - Colorants Business 2018-11-05 2
Ashtabula, Ohio · www.chromaflo.com Querétaro, Mexico
Specialty Care, Inc. (SpecialtyCare) 2011-05-24 Precedent Health, Inc. 2018-08-10 6
Nashville, Tennessee · www.specialtycare.net Nashville, Tennessee · www.precedenthealth.com
MW Industries, Inc. 2017-10-03 Ameriflex, Inc. 2018-08-02 2
Rosemont, Illinois · www.mw-ind.com Corona, California · www.ameriflex.net
MW Industries, Inc. 2017-10-03 Lavezzi Precision, Inc. 2018-04-23 1
Rosemont, Illinois · www.mw-ind.com Glendale Heights, Illinois · www.lavezzi.com
Global Tel*Link Corp. 2011-12-15 Telmate LLC 2017-08-01 5
Mobile, Alabama · www.gtl.net Fruitland, Idaho · www.telmate.com

M&A by Sector

Sector Current # Value All-time # Value
Chemicals 3 (14%) - 7 (11%) 800M (8%)
Manufacturing 2 (9%) - 7 (11%) -
Healthcare Services 2 (9%) 2.3B (29%) 4 (6%) 2.3B (24%)
Automotive 1 (5%) - 4 (6%) 411M (4%)
Machinery 1 (5%) 855M (11%) 3 (5%) 855M (9%)
Building Materials 2 (9%) - 3 (5%) -
Energy Services and Equipment - - 3 (5%) -
Metals/Mining 1 (5%) - 3 (5%) -
Restaurants - - 3 (5%) -
Consumer Products - - 2 (3%) -
Distribution 2 (9%) - 2 (3%) -
Media - - 2 (3%) -
Technology Hardware 1 (5%) - 2 (3%) -
Transportation 1 (5%) 2.5B (31%) 1 (2%) 2.5B (26%)
Business Services 1 (5%) 2.4B (30%) 1 (2%) 2.4B (25%)
Environmental - - 1 (2%) 260M (3%)
Publishing - - 1 (2%) 100M (1%)
Aerospace - - 1 (2%) -
Apparel/Textiles 1 (5%) - 1 (2%) -
Consumer Services 1 (5%) - 1 (2%) -
Education 1 (5%) - 1 (2%) -
Electrical Equipment - - 1 (2%) -
Financial Services 1 (5%) - 1 (2%) -
Food 1 (5%) - 1 (2%) -
Forest Products - - 1 (2%) -
Information Technology - - 1 (2%) -
Internet Software and Services - - 1 (2%) -
Marine - - 1 (2%) -
Medical Products - - 1 (2%) -
Utilities - - 1 (2%) -
Total 22 $8.1B 62 $9.6B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 22 (100%) 8.1B (100%) 61 (98%) 9.6B (100%)
  New York 3 (14%) - 7 (11%) -
  Texas 3 (14%) - 6 (10%) 100M (1%)
  Illinois 1 (5%) - 5 (8%) -
  Ohio 3 (14%) - 4 (6%) -
  Pennsylvania - - 4 (6%) 260M (3%)
  Maryland 1 (5%) 2.4B (30%) 3 (5%) 2.4B (25%)
  Michigan 1 (5%) - 3 (5%) 411M (4%)
  California 1 (5%) - 3 (5%) -
  Indiana - - 3 (5%) -
  Tennessee 1 (5%) 2.3B (29%) 2 (3%) 2.3B (24%)
  North Carolina 1 (5%) - 2 (3%) -
  Minnesota 1 (5%) - 2 (3%) -
  Wisconsin - - 2 (3%) -
  New Jersey - - 2 (3%) -
  Massachusetts - - 2 (3%) -
  Colorado 1 (5%) 2.5B (31%) 1 (2%) 2.5B (26%)
  Oregon 1 (5%) 855M (11%) 1 (2%) 855M (9%)
  Iowa 1 (5%) - 1 (2%) -
  Georgia 1 (5%) - 1 (2%) -
  Alabama 1 (5%) - 1 (2%) -
  Virginia 1 (5%) - 1 (2%) -
  Florida - - 1 (2%) 800M (8%)
  Delaware - - 1 (2%) -
  Arizona - - 1 (2%) -
  New Hampshire - - 1 (2%) -
  Missouri - - 1 (2%) -
Puerto Rico - - 1 (2%) -
Domestic 22 (100%) 8.1B (100%) 61 (98%) 9.6B (100%)
Cross-border - - 1 (2%) -
Total 22 $8.1B 62 $9.6B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 11 (50%) 2.3B (29%) 27 (44%) 3.5B (36%)
Buyout (LBO, MBO, MBI) 4 (18%) - 22 (35%) 411M (4%)
Recapitalization 1 (5%) - 3 (5%) -
Going Private 2 (9%) 3.4B (42%) 2 (3%) 3.4B (35%)
Divestiture 1 (5%) 2.4B (30%) 2 (3%) 2.4B (25%)
Growth Capital 1 (5%) - 2 (3%) -
Stake Purchase 2 (9%) - 2 (3%) -
PIPE - - 1 (2%) -
Venture - - 1 (2%) -
Total 22 $8.1B 62 $9.6B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 13 (36%) 6.4B (100%)
Secondary Sale 13 (36%) -
IPO 3 (8%) -
Merger 3 (8%) -
Trade Sale 2 (6%) -
Bankruptcy 1 (3%) -
Stake Sale 1 (3%) -
Total 36 $6.4B

Top M&A Advisors

Financial Deals
Jefferies LLC
2
Houlihan Lokey
1
KeyBanc Capital Markets
1
Legal Deals
Weil Gotshal & Manges LLP
14
Kaye Scholer LLP
4
Kirkland & Ellis LLP
3

Deal Values

buy # Total
> $1B 3 $7.2B
$100M to $1B 4 $2.3B
< $100M 1 $100M
TOTAL $9.6B
Largest Air Methods Corp.
$2.5B (2017-03-14)
sell # Total
> $1B 2 $2.9B
$100M to $1B 10 $3.4B
TOTAL $6.4B
Largest Royal Adhesives & Sealants LLC
$1.6B (2017-09-04)

M&A Connections

Deals %
Acquired from
PE Firm(s)
96%
45 96%
Strategic(s)
4%
2 4%
Exited to
PE Firm(s)
53%
21 53%
Strategic(s)
48%
19 48%