M&A Deal Summary

Apollo Global Management Acquires Celeros Flow Technology

On April 29, 2020, asset manager Apollo Global Management acquired manufacturer Celeros Flow Technology from SPX FLOW

Acquisition Highlights
  • This is Apollo Global Management’s 3rd transaction in the Manufacturing sector.
  • This is Apollo Global Management’s 70th transaction in the United States.
  • This is Apollo Global Management’s 4th transaction in North Carolina.

M&A Deal Summary
Date 2020-04-29
Target Celeros Flow Technology
Sector Manufacturing
Buyer(s) Apollo Global Management
Sellers(s) SPX FLOW
Deal Type Divestiture

Target

Celeros Flow Technology

Charlotte, North Carolina, United States
Celeros Flow Technology is a manufacturer of industrial parts and components for diverse end markets such as: conventional, renewable and nuclear power, oil and gas (both onshore and offshore), petrochemical processing and water treatment; as well as those building and operating marine vessels for commercial and defense applications. Celeros Flow Technology is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.

DEAL STATS #
Overall 97 of 140
Sector (Manufacturing) 3 of 4
Type (Divestiture) 19 of 26
State (North Carolina) 4 of 6
Country (United States) 70 of 101
Year (2020) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-23 Expedia

Seattle, Washington, United States

Expedia is an online travel company that provides business and leisure travelers with technology, tools and information to research, plan, book and experience travel. Expedia was founded in 1996 and is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-26 Albertsons

Boise, Idaho, United States

Albertsons is a food and drug retailer. Albertsons operates under 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen and Carrs, as well as meal kit company Plated. Albertsons was formed in 1939 and is based in Boise, Idaho.

Sell -

Seller(S) 1

SELLER

SPX FLOW

Charlotte, North Carolina, United States
Category Company
Founded 2015
Sector Manufacturing
Revenue 1.4B USD (2020)
DESCRIPTION

SPX FLOW solves processing challenges, helping customers lower costs, increase uptime, save energy, reduce waste, and improve quality. The company's product offering is concentrated in process technologies that perform mixing, blending, fluid handling, separation, thermal heat transfer, and other activities that are integral to processes performed across a wide variety of nutrition, health, and precision solutions markets. SPX FLOW was founded in 2015 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 1 of 3
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 3
State (North Carolina) 1 of 2
Country (United States) 1 of 3
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 UTG Mixing Group

Uusikaupunki, Finland

Plc Uutechnic Group Oyj is a global technology group that provides competitive mixing solutions to chemical, food, metallurgical and fertilizer industries, as well as environmental technology, water treatment and pharmaceuticals. Plc Uutechnic Group was founded in 1874 and is based in Uusikaupunki, Finland.

Buy -
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