Alkegen - M&A Summary, Ownership, and Business Overview

ManufacturingCompany

Alkegen M&A Summary

Alkegen has acquired 5 companies of its own, including 5 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Alkegen’s largest acquisition to date was in 2021, when it acquired Lydall for $1.3B. Alkegen has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include manufacturing (80%) and chemicals (20%).

Alkegen Ownership

Who owns Alkegen?

Alkegen is owned by Clearlake Capital. It was acquired on September 28, 2018.

Is Alkegen PE-backed?

Yes. Alkegen is owned by private equity investor Clearlake Capital.

Was Alkegen formerly PE-backed?

Yes. Alkegen was formerly owned by 3 private investors.

Alkegen Business Overview

Where is Alkegen headquartered?

Alkegen is headquartered in Buffalo, New York.

What sector is Alkegen in?

Alkegen is a manufacturing company.

When was Alkegen founded?

Alkegen was founded in 1891.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity5
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 2
  • M&A Advisors 4

Alkegen

Alkegen

600 Riverwalk Parkway,
Buffalo, New York 14150
United States,
(716) 768-6500
www.alkegen.com

Alkegen develops and manufactures high-performance specialty materials used in advanced applications including high-temperature industrial insulation, filtration media, battery technologies for electric vehicles and energy storage, and fire protection, among many others. Alkegen was founded in 1891 and is based in Buffalo, New York.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 2 1 1 1 - - 5
vol $1.3B $1.3B
Sell (0.2/yr) # - - - - 1 - 1
  6

Most Recent M&A

Company Date Value Type
Lydall Thermal/Acoustical, Inc. 2023-02-09 - Divestiture
Hamptonville, North Carolina · www.lydallautomotive.com
Luyang Energy-Saving Materials Co., Ltd. 2022-06-27 - Stake Purchase
Zibo, China · www.luyang.com
Lydall, Inc. 2021-06-21 1.3B USD Add-on Acquisition
Manchester, Connecticut · www.lydall.com
Rex Materials, Inc. 2020-07-02 - Add-on Acquisition
Howell, Michigan · www.rexmaterials.com
Shenyang JiuQing Dongxiang Glass Product Co. Ltd. 2019-09-23 - Add-on Acquisition
Shenyang, China · www.dxglassfiber.com
Stellar Materials LLC 2019-06-17 - Add-on Acquisition
Whitmore Lake, Michigan · www.thermbond.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 4 (80%) 1.3B (100%) 1 (100%) -
Chemicals 1 (20%) - - -
Total 5 $1.3B 1 -

By Geo

State/Country Buy Value Sell Value
United States 3 1.3B 1 -
  Michigan 2 - - -
  Connecticut 1 1.3B - -
  North Carolina - - 1 -
China 2 - - -
Domestic 3 (60%) 1.3B (100%) 1 (100%) -
Cross-border 2 (40%) - - -
Total 5 $1.3B 1 -

Top M&A Advisors

Financial Deals
Morgan Stanley
2
Stifel, Nicolaus & Co., Inc.
1
J.P. Morgan Securities
1
Legal Deals
Kirkland & Ellis
1

Deal Values

buy # Total
> $1B 1 $1.3B
TOTAL $1.3B
Largest Lydall, Inc.
$1.3B (2021-06-21)

M&A Connections

Deals
Acquired from
Investor(s)
20%
1 (20%)
Divested to
Investor(s)
100%
1 (100%)

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