M&A Deal Summary |
|
|---|---|
| Date | 2006-10-30 |
| Target | Northwest Coatings |
| Sector | Chemicals |
| Buyer(s) | Ashland |
| Sellers(s) |
Caltius Equity Partners
American Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 72M USD |
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Ashland is a global specialty chemicals company. Ashland has three reportable segments: Specialty Ingredients, Performance Materials and Valvoline. Specialty Ingredients is a global provider of cellulose ethers, vinyl pyrrolidones and biofunctionals. Performance Materials is composed of two divisions: Composites and Intermediates/Solvents. Performance Materials is a global provider of unsaturated polyester resins and vinyl ester resins. The business unit has positions in gelcoats, maleic anhydride, butanediol, tetrahydrofuran, N-Methylpyrrolidone and other intermediates and solvents. Valvoline is a worldwide producer and distributor of premium-branded automotive, commercial and industrial lubricants and automotive chemicals. Ashland was incorporated in 1924 and is based in Wilmington, Delaware.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 7 |
| Sector (Chemicals) | 1 of 6 |
| Type (Add-on Acquisition) | 1 of 4 |
| State (Wisconsin) | 1 of 1 |
| Country (United States) | 2 of 6 |
| Year (2006) | 1 of 1 |
| Size (of disclosed) | 5 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-08-21 |
Ashland Paving And Construction
Atlanta, Georgia, United States Ashland Paving And Construction, Inc. is an asphalt and heavy highway construction company with approximately 9,700 employees and extensive operations in 14 mid-western and southern states. |
Sell | $1.3B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-06-09 |
Air Products Non-Pressure Emulsions Business
United States Air Products Non-Pressure Emulsions Business includes plants in Elkton and Piedmont. The Piedmont facility manufactures Flexcryl pressure sensitive adhesives. The Elkton plant produces atmospheric emulsions that are used in paint, adhesives, and paper coatings. |
Buy | $92M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Caltius Equity is the private equity arm of Caltius Capital Management. Caltius Equity focuses on making equity investments valued from $10 to $30 million. The Group looks to acquire control or substantial minority positions in businesses with defensible market positions, growth potential, history of profits, proprietary products/services, and limited technology risk. Funds are generally used to support generational transfers, management buyouts, growth financings, and corporate divestitures. Sectors of interest include business and infrastructure services, education services, facilities management and services, healthcare products/services, and speciality chemicals/coatings. Caltius Equity Partners was formed in 1999 and is based in Los Angeles, California.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 22 |
| Sector (Chemicals) | 1 of 2 |
| Type (Add-on Acquisition) | 3 of 10 |
| State (Wisconsin) | 1 of 2 |
| Country (United States) | 8 of 22 |
| Year (2006) | 2 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-10-03 |
Arrowhead Brass Products
Los Angeles, California, United States Arrowhead Brass Products, Inc., located in Los Angeles, California is the premier domestic manufacturer of exterior plumbing fixtures designed for high-end professional builders and home owners. The Company's products are primarily brass and include hose bibs, gas values, wall hydrants and other assorted valves used in the home. Arrowhead sells its products through wholesale plumbing distributors and retailers. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-11-01 |
MCC Control Systems
Vacaville, California, United States MCC Control Systems is a control systems integrator, primarily servicing customers in the water and wastewater industry. MCC Control Systems was founded in 1989 and is based in Vacaville, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 22.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 52 of 194 |
| Sector (Chemicals) | 2 of 4 |
| Type (Add-on Acquisition) | 27 of 87 |
| State (Wisconsin) | 1 of 7 |
| Country (United States) | 51 of 186 |
| Year (2006) | 21 of 26 |
| Size (of disclosed) | 50 of 56 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-10-30 |
Haband
Jessup, Pennsylvania, United States Haband Company, Inc. is one of America's oldest and largest direct mail and online marketers of value-priced men's and women's comfortable, casual apparel, shoes and practical home items. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-11-01 |
Corporate Benefit Services of America
Minnetonka, Minnesota, United States Corporate Benefit Services of America, Inc. is a leading third-party administrator of employer's health care benefit programs. The company is headquartered in Minnetonka, Minnesota. |
Sell | - |
