M&A Deal Summary |
|
|---|---|
| Date | 2021-03-01 |
| Target | PQ Performance Chemicals |
| Sector | Chemicals |
| Buyer(s) |
Cerberus Capital Management
Koch Industries |
| Sellers(s) | Ecovyst |
| Deal Type | Divestiture |
| Deal Value | 1.1B USD |
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| Category | Asset Manager |
|---|---|
| Founded | 1992 |
| PE ASSETS | 55.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 77 of 84 |
| Sector (Chemicals) | 2 of 2 |
| Type (Divestiture) | 13 of 13 |
| State (Pennsylvania) | 3 of 4 |
| Country (United States) | 54 of 60 |
| Year (2021) | 2 of 7 |
| Size (of disclosed) | 5 of 15 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-22 |
ABC Technologies
Toronto, Ontario, Canada ABC Technologies is a full-service automotive supplier of blow molded and injection molded thermoplastic components and systems including: center consoles, spoilers, bumper systems, HVAC ducts, filters, fluid reservoirs, and other parts. ABC Technologies was founded in 1974 and is based in Toronto, Ontario. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-01 |
Red River
Claremont, New Hampshire, United States Red River is an operator of a technology integrator. The company’s technology expertise and mission-critical experience help its customers optimize their business processes and enhance the value of their technology investments. Red River was founded in 1995 and is based in Claremont, New Hampshire. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1940 |
| Sector | Diversified |
| Employees | 60,000 |
| Revenue | 115.0B USD (2012) |
Koch Industries owns a diverse group of companies engaged in refining and chemicals; fibers and polymers; commodity and financial trading; and forest and consumer products. Koch Industries was formed in 1940 and is based in Wichita, Kansas.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 14 |
| Sector (Chemicals) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 9 of 12 |
| Year (2021) | 1 of 3 |
| Size (of disclosed) | 6 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-05-19 |
DarkVision Technologies
North Vancouver, British Columbia, Canada DarkVision Technologies is a high-tech industrial imaging company specializes in proprietary acoustic-based imaging solutions for industry, with engineering teams that develop the entire technology stack in-house, including sensors, hardware, electronics, and software. Its initial product-line, HADES™, is an award-winning solution used by dozens of operators in the US and Canada to inspect, evaluate, and assess their wells and other upstream assets. DarkVision Technologies was formed in 2013 and is based in North Vancouver, British Columbia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-01 |
Transaction Network Services
Reston, Virginia, United States Transaction Network Services is a provider of fast, reliable data communications services for transaction-oriented applications. TNS combines innovation, advanced technology, and industry expertise to provide a range of authorization and communications solutions to support the credit card and ATM transaction processing industry. The Company also provides secure and highly reliable data network services to the telecommunications and securities industries. Transaction Network Services was formed in 1990 and is based in Reston, Virginia. |
Buy | - |
Ecovyst is a worldwide producer of specialty inorganic performance chemicals, high-end catalysts and engineered glass beads for the consumer, oil & gas, transportation safety, specialty plastics and industrial markets. Ecovyst is based in Malvern, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Chemicals) | 1 of 1 |
| Type (Divestiture) | 2 of 2 |
| State (Pennsylvania) | 2 of 2 |
| Country (United States) | 2 of 2 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-10-15 |
Potters
Malvern, Pennsylvania, United States Potters is a global manufacturer of engineered glass materials. Potters offers glass microspheres serving government agencies, highway and road maintenance contractors as well as automotive, construction, mining, personal care, medical and other industrial end markets. Potters is the largest worldwide producer of highway safety marking glass beads, which add reflectivity to road markings to make them more visible to drivers and comply with government-mandated safety regulations. Potters is based in Malvern, Pennsylvania. |
Sell | $650M |
