M&A Deal Summary

Curtiss-Wright Acquires Cimarron Energy

On November 26, 2012, Curtiss-Wright acquired energy services and equipment company Cimarron Energy from Linx Partners for 135M USD

Acquisition Highlights
  • This is Curtiss-Wright’s 1st transaction in the Energy Services and Equipment sector.
  • This is Curtiss-Wright’s 4th largest (disclosed) transaction.
  • This is Curtiss-Wright’s 31st transaction in the United States.
  • This is Curtiss-Wright’s 5th transaction in Texas.
Investment Fate
  • Cimarron Energy was divested to a consortium of buyers in 2014 for 100M USD.

M&A Deal Summary
Date 2012-11-26
Target Cimarron Energy
Sector Energy Services and Equipment
Buyer(s) Curtiss-Wright
Sellers(s) Linx Partners
Deal Type Add-on Acquisition
Deal Value 135M USD
Advisor(s) Harris Williams & Co. (Financial)

Target

Cimarron Energy

Houston, Texas, United States
website
Cimarron Energy is a manufacturer of engineered oil and natural gas production and processing equipment, providing separation, measurement, flowback, and environmental products, as well as field services, to oil and natural gas exploration and production and midstream companies. Cimarron Energy was established in 1976 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Curtiss-Wright

Davidson, North Carolina, United States

website

Category Company
Founded 1929
Sector Diversified
Employees8,100
Revenue 2.6B USD (2022)
DESCRIPTION

Curtiss-Wright is a global company that delivers highly engineered, critical function products and services to the commercial, defense, energy, and industrial markets. Curtiss-Wright operates through three segments: Commercial/Industrial, Defense, and Energy. The Commercial segment offers products/services that include surface technology services such as shot peening, laser peening, coatings and advanced surface analytics; industrial products such as electronic throttle control devices and transmission shifters; electro-mechanical actuation control components, and utility systems used on aircraft. The Defense segment produces embedded computing board level modules, integrated subsystems, turret aiming and stabilization products, and weapons handling systems. The Energy segment produces a wide range of hardware, pumps, valves, pressure vessels, fastening systems, specialized containment doors, airlock hatches, spent fuel management products, and fluid sealing technologies for nuclear power plants and nuclear equipment manufacturers. Curtiss-Wright was incorporated in 1929 and is based in Davidson, North Carolina.

DEAL STATS #
Overall 43 of 59
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 25 of 41
State (Texas) 5 of 6
Country (United States) 31 of 41
Year (2012) 3 of 3
Size (of disclosed) 4 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-05 AP Services

Freeport, Pennsylvania, United States

AP Services, Inc. is a supplier of fluid sealing technologies and services to the nuclear and fossil power generation markets, with proven performance in delivering solutions that improve plant reliability and safety, and also reduce operation and maintenance (O&M) costs.

Buy $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-02 Exlar

Chanhassen,, Minnesota, United States

Exlar Corp. is a designer and manufacturer of highly engineered electric actuators used in motion control solutions in industrial and military markets. Exlar electric actuators are used in a wide range of markets including defense, process control, industrial automation, food processing & packaging and test/simulation/entertainment.

Buy $85M

Seller(S) 1

SELLER

Linx Partners

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 221M USD
Size Small
Type Sector Agnostic
DESCRIPTION

LINX Partners is a private equity firm focused on investments in light industrial manufacturing, industrial services, and specialty distribution companies. The Firm generally partners with family owners, entrepreneurs, and management to acquire and grow companies. Target businesses typically have revenues between $20 and $125 million and have 'a high service, branding component' with low capital expenditures. LINX Partners was formed in 1999 and has offices in Scarsdale, New York and Atlanta, Georgia.

DEAL STATS #
Overall 2 of 9
Sector (Energy Services and Equipment) 1 of 2
Type (Add-on Acquisition) 1 of 4
State (Texas) 1 of 3
Country (United States) 2 of 9
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-30 Grammer Logistics

Columbus, Indiana, United States

Grammer Logistics is a transportation hauler of bulk hazardous liquids serving the eastern half of the United States. The Company stands on its foundation of safety and unsurpassed customer service as the key components of its longevity and success. Grammer Logistics is based in Columbus, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-03 RLJ Thompson Trucking

Concord, Virginia, United States

R. Thompson Trucking, Inc. is a provider of industrial logistics solutions, serving both commercial and governmental customers in the Mid-Atlantic region. RLJ hauls a wide range of commodities, including aggregates, scrap metal and non-hazardous waste for customers in industries such as construction, industrial recycling, and waste collection and disposal. R. Thompson Trucking was established in 1948 and is based in Concord, Virginia.

Sell -
Mergr

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