M&A Deal Summary

Curtiss-Wright Flow Control Acquires Scientech

On May 8, 2007, Curtiss-Wright Flow Control acquired energy services and equipment company Scientech from Caltius Equity Partners and Caltius Structured Capital

Acquisition Highlights
  • This is Curtiss-Wright Flow Control’s 1st transaction in the Energy Services and Equipment sector.
  • This is Curtiss-Wright Flow Control’s 5th transaction in the United States.
  • This is Curtiss-Wright Flow Control’s 1st transaction in Idaho.

M&A Deal Summary

Date 2007-05-08
Target Scientech
Sector Energy Services and Equipment
Buyer(s) Curtiss-Wright Flow Control
Sellers(s) Caltius Equity Partners
Caltius Structured Capital
Deal Type Add-on Acquisition

Target

Scientech

Idaho Falls, Idaho, United States
Scientech provides a broad range of technical services and proprietary products to meet the outsourcing needs of nuclear power plants, nuclear-related commercial and government facilities, and other electric utilities.

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Buyer(S) 1

Buyer

Curtiss-Wright Flow Control

Charlotte, North Carolina, United States

Category Company
Founded 1950
Sector Machinery
DESCRIPTION

Curtiss-Wright Flow Control is engaged in designing and manufacturing highly engineered valves, pumps, electronics and related products for the commercial nuclear power industry, oil and gas processing facilities, a range of critical national defense programs, and a host of solutions for numerous other industries.


DEAL STATS #
Overall 5 of 5
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Idaho) 1 of 1
Country (United States) 5 of 5
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-05 TechSwan

Fort Lauderdale, Florida, United States

TechSwan, Inc. has developed advanced software to monitor, predict and evaluate the operating condition of high performance critical equipment, primarily in the marine, power and process markets.

Buy $4M

Seller(S) 2

SELLER

Caltius Equity Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

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 9 of 22
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 4 of 10
State (Idaho) 1 of 1
Country (United States) 9 of 22
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 Electra Bicycle Company

Vista, California, United States

Electra Bicycle Company is a brand in the leisure segment of the bicycle industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-09 The Institute of Audio Research

New York City, New York, United States

The Institute of Audio Research (IAR) is a post-secondary audio engineering and production school. The Institute of Audio Research was founded in 1969 and is based in New York City.

Buy -
SELLER

Caltius Structured Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Caltius Structured Capital is an investment firm focused on providing junior debt and minority equity to lower middle-market companies throughout North America. The Firm looks to invest between $7 to $50 million in companies with revenues of $15 to $250 million. The Firm pursues a variety of transaction types, including management buyouts, growth financings, and acquisition financings. Sectors of interest include business services, consumer products/services, healthcare services, manufacturing, tech-enabled services, and staffing. Caltius Structured Capital was formed in 1997 and is based in Los Angeles, California.


DEAL STATS #
Overall 8 of 32
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 10
State (Idaho) 1 of 3
Country (United States) 8 of 32
Year (2007) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-05 Tri-Star Electronics

El Segundo, California, United States

Tri-Star Electronics International is a manufacturer of electronic interconnect components for commercial aerospace, defense and industrial applications. The Company supplies 90% of the aerospace, avionics and electronics OEMs, and Tri-Star Electronics products are utilized on virtually every aircraft platform worldwide.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 Healthy Pet

Shelton, Connecticut, United States

Healthy Pet Corp. is an operator of veterinary hospitals in the eastern United States.

Sell $153M