Clearlake Capital Group Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Clearlake Capital Group has acquired 4 companies. It has also invested in 2 others.

Clearlake Capital Group’s most common sectors for investment are software (20%) and energy services and equipment (13%). The Firm’s most common investment types include secondary buyout (37%) and buyout (lbo, mbo, mbi) (24%). In total, Clearlake Capital Group has invested in 23 US states and 3 different countries. Its largest (disclosed) acquisition occurred in 2007 when it acquired Jacuzzi for $1.3B.

In the last 3 years, Clearlake Capital Group has exited 12 companies. The Firm’s most common exit type is secondary buyout (41%). Clearlake Capital Group’s largest (disclosed) exit occurred in 2018 when it sold Sage Automotive Interiors for $1.1B.

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M&A Summary

  • M&A Total Activity77
    • M&A Buy Activity55
    • M&A Sell Activity22
  • Total Sectors Invested 19
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 24
  • M&A Advisors 22

Clearlake Capital Group

233 Wilshire Boulevard, Suite 800,
Santa Monica, California 90401
United States,
(310) 400-8800
www.clearlakecapital.com
info@clearlakecapital.com

Clearlake Capital Group LLC is a private equity firm focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds and other equity investments. Clearlake’s seeks to partner with world class management teams by providing long-term capital and operational expertise. Areas of interest include business services, communication, media, energy and power, healthcare, manufacturing, retail, consumer and technology services. Clearlake Capital Group LLC was formed in 2006 and is based in Santa Monica, California.


Investment Criteria

Sectors of Interest: Business Services, Communications, Consumer Products, Defense, Energy Services and Equipment, Food, Healthcare Services, Information Technology, Leisure, Manufacturing, Media, Retail, Safety/Security, Software

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 - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (5.0/yr) # 30 6 6 9 3 1 55
vol $1.8B $1.1B $169M $3.1B
Sell (3.0/yr) # 7 3 8 2 1 1 22
vol $482M $1.1B $1.5B
  77

Most Recent M&A

Company Date Value Type
Pretium Packaging, Inc. 2020-01-15 - Secondary Buyout
Chesterfield, Missouri · www.pretiumpkg.com
Lytx, Inc. 2020-01-08 - Stake Purchase
Milton Keynes, United Kingdom · www.lytx.com
DigiCert, Inc. 2019-10-16 - Secondary Buyout
Lindon, Utah · www.digicert.com
Dude Solutions, Inc. 2019-05-03 - Secondary Buyout
Cary, North Carolina · www.schooldude.com
Appriss, Inc. 2019-04-09 - Secondary Buyout
Louisville, Kentucky · www.appriss.com
Jacuzzi, Inc. 2019-01-14 - Secondary Buyout
Chino, California · www.jacuzzi.com
MYCOM Software, Inc. 2018-11-27 - Secondary Buyout
Slough, United Kingdom · www.mycom-osi.com
Team Technologies, Inc. 2018-11-15 - Secondary Buyout
Morristown, Tennessee · www.teamtechinc.net
OnShift, Inc. 2018-10-24 - Growth Capital
Cleveland, Ohio · www.onshift.com
symplr 2018-10-23 - Secondary Buyout
Houston, Texas · www.symplr.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Janus International Corp. 2018-01-17 Steel Storage Australia Pty Ltd. 2020-01-16 3
Temple, Georgia · www.janusintl.com Hendra, Australia · www.steelstorage.com.au
ProVation Medical, Inc. 2018-01-11 Infinite Software Solutions, Inc. 2020-01-07 1
Minneapolis, Minnesota · www.provationmedical.com Staten Island, New York · www.md-reports.com
Gravity Oilfield Services 2017-09-27 On Point Oilfield Holdings LLC 2019-11-06 6
Midland, Texas · www.gravityoilfieldservices.com Austin, Texas · www.onpointoilfield.com
Unifrax I LLC 2018-09-28 Shenyang JiuQing Dongxiang Glass Product Co. Ltd. 2019-09-23 2
Tonawanda, New York · www.unifrax.com Shenyang, China · www.dxglassfiber.com
American Construction Source 2018-09-26 Contractor's Truss Systems 2019-09-04 5
Springfield, Missouri Cotter, Arkansas · www.contractorstruss.com
Sunbelt Supply Co. 2017-01-01 Severe Service Specialists, Inc. 2019-08-27 1
Houston, Texas · www.sunbeltsupply.com Trussville, Alabama · www.sssvalve.com
FloWorks International LLC 2012-03-12 FloWorks International LLC - MultAlloy Division 2019-07-02 1
Houston, Texas · www.floworkspvf.com Houston, Texas
Unifrax I LLC 2018-09-28 Stellar Materials LLC 2019-06-17 1
Tonawanda, New York · www.unifrax.com Whitmore Lake, Michigan · www.thermbond.com
American Construction Source 2018-09-26 Freeborn Lumber Co. 2019-06-12 4
Springfield, Missouri Albert Lea, Minnesota · www.abc-clc.com
Gravity Oilfield Services 2017-09-27 Pyote Water Systems LLC - Certain Water Disposal Assets 2019-06-03 5
Midland, Texas · www.gravityoilfieldservices.com Midland, Texas

M&A by Sector

Sector Current # Value All-time # Value
Software 5 (15%) 169M (14%) 11 (20%) 169M (5%)
Energy Services and Equipment 5 (15%) 379M (30%) 7 (13%) 379M (12%)
Information Technology 3 (9%) 624M (50%) 6 (11%) 1.1B (36%)
Internet Software and Services 5 (15%) - 5 (9%) -
Automotive 2 (6%) - 4 (7%) -
Consumer Products 1 (3%) - 2 (4%) 1.3B (40%)
Communications - - 2 (4%) 125M (4%)
Safety/Security 1 (3%) 59M (5%) 2 (4%) 59M (2%)
E-Commerce 1 (3%) 13M (1%) 2 (4%) 13M (< 1%)
Building Materials 2 (6%) - 2 (4%) -
Food 1 (3%) - 2 (4%) -
Media 1 (3%) - 2 (4%) -
Retail 2 (6%) - 2 (4%) -
Apparel/Textiles - - 1 (2%) -
Business Services - - 1 (2%) -
Distribution 1 (3%) - 1 (2%) -
Manufacturing 1 (3%) - 1 (2%) -
Oil/Gas Exploration 1 (3%) - 1 (2%) -
Packaging 1 (3%) - 1 (2%) -
Total 33 $1.2B 55 $3.1B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 32 (97%) 1.2B (100%) 51 (93%) 2.6B (84%)
  Texas 6 (18%) 135M (11%) 8 (15%) 135M (4%)
  California 2 (6%) - 6 (11%) 1.4B (44%)
  New Jersey 1 (3%) - 5 (9%) -
  New York 3 (9%) 637M (51%) 4 (7%) 637M (20%)
  Minnesota 2 (6%) 169M (14%) 3 (5%) 169M (5%)
  Florida 2 (6%) - 2 (4%) -
  Utah 2 (6%) - 2 (4%) -
  Missouri 2 (6%) - 2 (4%) -
  Maryland 1 (3%) 59M (5%) 2 (4%) 59M (2%)
  Georgia 1 (3%) - 2 (4%) -
  Washington 1 (3%) - 2 (4%) -
  Kentucky 1 (3%) - 1 (2%) -
  Colorado 1 (3%) - 1 (2%) -
  Tennessee 1 (3%) - 1 (2%) -
  Ohio 1 (3%) - 1 (2%) -
  North Carolina 1 (3%) - 1 (2%) -
  Michigan 1 (3%) - 1 (2%) -
  Louisiana 1 (3%) - 1 (2%) -
  Illinois - - 1 (2%) -
  South Carolina - - 1 (2%) -
  Pennsylvania - - 1 (2%) -
  Nebraska - - 1 (2%) -
United Kingdom 1 (3%) - 3 (5%) 500M (16%)
Australia - - 1 (2%) -
Domestic 32 (97%) 1.2B (100%) 51 (93%) 2.6B (84%)
Cross-border 1 (3%) - 4 (7%) 500M (16%)
Total 33 $1.2B 55 $3.1B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 12 (36%) - 20 (36%) 500M (16%)
Buyout (LBO, MBO, MBI) 8 (24%) 13M (1%) 13 (24%) 13M (< 1%)
Recapitalization 2 (6%) 135M (11%) 6 (11%) 135M (4%)
Going Private 2 (6%) 683M (55%) 4 (7%) 1.9B (62%)
Divestiture 3 (9%) 413M (33%) 3 (5%) 413M (13%)
Consolidation 3 (9%) - 3 (5%) -
Growth Capital 2 (6%) - 3 (5%) -
Special Situations/Distressed 1 (3%) - 2 (4%) -
PIPE - - 1 (2%) 125M (4%)
Total 33 $1.2B 55 $3.1B

Exits by Deal Type

Type Total # Value
Secondary Sale 10 (45%) -
Trade Sale - Public Company 6 (27%) 1.3B (84%)
Trade Sale 2 (9%) 250M (16%)
Merger 2 (9%) -
IPO 1 (5%) -
Stake Sale 1 (5%) -
Total 22 $1.5B

Top M&A Advisors

Financial Deals
Evercore Group LLC
 5
Harris Williams & Co.
 4
UBS Investment Bank
 3
Legal Deals
Cooley LLP
 4
Kirkland & Ellis LLP
 1
Stradling Yocca Carlson & Rauth P.C.
 1

Deal Values

buy # Total
> $1B 1 $1.3B
$100M to $1B 6 $1.8B
< $100M 2 $72M
TOTAL $3.1B
Largest Jacuzzi, Inc.
$1.3B (2007-02-07)
sell # Total
> $1B 1 $1.1B
$100M to $1B 2 $482M
TOTAL $1.5B
Largest Sage Automotive Interiors, Inc.
$1.1B (2018-07-19)

M&A Connections

Deals %
Acquired from
PE Firm(s)
94%
31 94%
Strategic(s)
6%
2 6%
Exited to
PE Firm(s)
55%
11 55%
Strategic(s)
45%
9 45%

Investor Summary

Size

Mega

PE Assets

7.0B USD

Established

2006

Specialist/Generalist

Generalist

Leadership

José E. Feliciano

Founder and Managing Partner

Behdad Eghbali

Partner

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