M&A Deal Summary

DBM Acquires GrayWolf Industrial

On October 11, 2018, DBM acquired energy services and equipment company GrayWolf Industrial from Charlesbank Capital Partners for 135M USD

Acquisition Highlights
  • This is DBM’s 1st transaction in the Energy Services and Equipment sector.
  • This is DBM’s largest (disclosed) transaction.
  • This is DBM’s 2nd transaction in the United States.
  • This is DBM’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2018-10-11
Target GrayWolf Industrial
Sector Energy Services and Equipment
Buyer(s) DBM
Sellers(s) Charlesbank Capital Partners
Deal Type Add-on Acquisition
Deal Value 135M USD

Target

GrayWolf Industrial

Owensboro, Kentucky, United States
website
GrayWolf is a specialized mechanical contractor focused on the power, refinery and heavy industrial markets. The company offers fully outsourced and on-call maintenance services as well as installation services for environmental compliance projects, plant extensions, upgrades and new builds. GrayWolf’s customer base includes plant operators, industrial contractors and original equipment manufacturers.

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Buyer(S) 1

Buyer

DBM

Phoenix, Arizona, United States

website

Category Company
Founded 2001
Sector Construction
Employees1,300
Revenue 736M USD (2007)
DESCRIPTION

DBM is focused on delivering world class, sustainable value to its clients through a highly collaborative portfolio of companies which provide better designs, more efficient construction and superior asset management solutions. The Company offers integrated steel construction services from a single source and professional services which include design-assist, design-build, engineering, detailing, BIM co-ordination, steel modeling/detailing, fabrication, rebar detailing, advanced field erection, project management, and state-of-the-art steel management systems. Major market segments include commercial, healthcare, convention centers, stadiums, gaming and hospitality, mixed use and retail, industrial, public works, bridges, transportation, and international projects. When the transactions have been completed, the Company, which is headquartered in Phoenix, Arizona, will have operations in United States, Australia, Canada, India, New Zealand, Philippines, Singapore, Thailand and the United Kingdom. DBM was founded in 1976 and is headquartered in Phoenix, Arizona.

DEAL STATS #
Overall 2 of 3
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Kentucky) 1 of 1
Country (United States) 2 of 3
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-29 Quincy Joist

Buckeye, Arizona, United States

Quincy Joist Co. designs and manufactures open-Web steel joists. It offers steel joists, steel joist girders, long spans, steel girders, specialty joists, and steel decks.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-27 Banker Steel

Lynchburg, Virginia, United States

Headquartered in Lynchburg, Virginia with additional fabrication locations in New Jersey and Florida, Banker Steel provides fabricated structural steel for the entire east coast construction market and nationwide steel erection services for iconic projects such as One Vanderbilt, the Jacob K. Javits Convention Center Expansion and J.P. Morgan’s headquarters, all in New York City, the award-winning Washington Nationals Park in Washington, D.C. and the Barclays Center in Brooklyn, New York.

Buy -

Seller(S) 1

SELLER

Charlesbank Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1998
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $3 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.

DEAL STATS #
Overall 42 of 49
Sector (Energy Services and Equipment) 3 of 3
Type (Add-on Acquisition) 14 of 17
State (Kentucky) 1 of 1
Country (United States) 38 of 45
Year (2018) 4 of 6
Size (of disclosed) 13 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-04 Rockport

Canton, Massachusetts, United States

Rockport is a designer and marketer of high-quality comfort footwear for men and women. Rockport was founded in 1971 and is based in Canton, Massachusetts.

Buy $150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-23 symplr

Houston, Texas, United States

symplr is a healthcare governance, risk, and compliance SaaS platform, offering provider management, credential management, and payer enrollment services to over 1,500 customers representing more than 4,000 healthcare facilities in North America. symplr was founded in 2006 and is based in Houston, Texas.

Buy -
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