M&A Deal Summary

Douglas Dynamics Acquires Henderson Products

On December 31, 2014, Douglas Dynamics, Inc. acquired machinery company Henderson Products, Inc. from Cameron Holdings Corporation, Bush O'Donnell Capital Partners and Eagle Private Capital LLC for 95M USD

Acquisition Highlights
  • This is Douglas Dynamics’ 2nd transaction in the Machinery sector.
  • This is Douglas Dynamics’ 2nd largest (disclosed) transaction.
  • This is Douglas Dynamics’ 2nd transaction in the United States.
  • This is Douglas Dynamics’ 1st transaction in Iowa.

M&A Deal Summary

Date 2014-12-31
Target Henderson Products, Inc.
Sector Machinery
Buyer(s) Douglas Dynamics, Inc.
Sellers(s) Cameron Holdings Corporation
Bush O'Donnell Capital Partners
Eagle Private Capital LLC
Deal Type Add-on Acquisition
Deal Value 95M USD

Target

Henderson Products, Inc.

Manchester, Iowa, United States
website
Henderson Products, Inc. is a manufacturer of customized, turnkey snow and ice control equipment solutions for heavy duty trucks focused on State Departments of Transportations (DOTs), counties, and municipalities.

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Buyer(S) 1

Buyer

Douglas Dynamics, Inc.

Milwaukee, Wisconsin, United States

website


Category Company
Founded 1948
SectorAutomotive
Employees1,767
Revenue 480M USD (2020)
DESCRIPTION

Douglas Dynamics is a manufacturer of vehicle attachments and equipment. Douglas Dynamics was founded in 1948 and is based in Milwaukee, Wisconsin.


DEAL STATS #
Overall 2 of 3
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (Iowa) 1 of 1
Country (United States) 2 of 3
Year (2014) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-06 TrynEx, Inc.

Madison Heights, Michigan, United States

TrynEx, Inc. is a manufacturer of truck mounted ice control spreader and sprayer equipment under the brand name SnowEx.

Buy $26M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-16 Dejana Truck & Utility Equipment Companies

Kings Park, New York, United States

Dejana Truck & Utility Equipment Companies is a manufacturer of vehicle attachments and equipment.

Buy $206M

Seller(S) 3

SELLER

Cameron Holdings Corporation

St. Louis, Missouri, United States

Investor Investor Investor

website


Category Family Office
Founded 1978
SizeSmall
Type Sector Agnostic
DESCRIPTION

Cameron Holdings Corp. is a private equity group that specializes in acquiring middle-market manufacturing and service companies. The Firm targets established businesses whose product demands remain stable during periods of economic recession and are not a risk to rapid technology change. Cameron will consider opportunities across North America, Europe, and Australia and looks for companies with revenues of $15 to $100 million, EBITDA of $3 to $8 million and enterprise value up to $60 million. Cameron Holdings Corporation was formed in 1978 and has offices in La Jolla, California and Ballwin, Missouri.


DEAL STATS #
Overall 6 of 6
Sector (Machinery) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Iowa) 1 of 1
Country (United States) 6 of 6
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-25 NAP Gladu

Jasper, Indiana, United States

NAP Gladu manufactures and provides service for state-of-the-art multifaceted carbide and diamond tipped cutters to the woodworking, building materials, and metal sawing industry. The company operates tool service centers throughout the U.S. and Canada, backing its full tooling offering with sharpening and maintenance repair service.

Sell -
SELLER

Bush O'Donnell Capital Partners

St. Louis, Missouri, United States

website


Category Private Equity Firm
PE ASSETS 250M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Bush O'Donnell Capital Partners (BOCP) is the private equity investment arm of Bush O'Donnell & Co., a firm that also provides investment advisory services. BOCP makes equity and mezzanine investments of $2 to $10 million in lower middle-market businesses with $5 to $100 million in sales. Funds are generally used to support growth initiatives, management buyouts, leveraged buyouts, and recapitalizations. Prospective companies typically have experienced management, stable cash-flows, and operate in a defensible market niche. The Firm will not invest in start-ups or turnarounds. BOCP is based in St. Louis, Missouri.


DEAL STATS #
Overall 18 of 24
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 10 of 15
State (Iowa) 1 of 1
Country (United States) 18 of 24
Year (2014) 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-23 Nexus IS, Inc.

Valencia, California, United States

Nexus is a provider of end-to-end technology solutions based on five distinct practices: Collaboration, Data Center, Borderless Networks, Business Video and Managed Services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-04 Infinity Homecare, Inc.

Sarasota, Florida, United States

Infinity Homecare, Inc. is a home health care and hospice services company delivering personalized home health and hospice care to more than 360,000 patients each year.

Sell $63M
SELLER

Eagle Private Capital LLC

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
PE ASSETS 725M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Eagle Private Capital (EPC) makes private equity and mezzanine investments in middle-market companies. The Firm typically invests $4 to $15 million per investment. EPC looks to partner with management or other private equity investors to provide growth or change of control capital. EPC is based in St. Louis, Missouri.


DEAL STATS #
Overall 22 of 39
Sector (Machinery) 1 of 2
Type (Add-on Acquisition) 11 of 19
State (Iowa) 1 of 1
Country (United States) 22 of 39
Year (2014) 3 of 3
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 BNI Global LLC

Charlotte, North Carolina, United States

BNI Global LLC is a networking-based business development platform, providing its 250,000+ members with a structured and proven referral marketing program to grow their business and develop long-term relationships with quality business professionals. BNI was established in 1985 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-01 Vector Disease Control International (VDCI)

Little Rock, Arkansas, United States

Vector Disease Control International is a provider of mosquito control and invasive aquatic control services. VDA provides a full range of vector control services, including weekly monitoring of mosquito levels, species identification and disease testing (using its in-house laboratory) and control of both adult and larval mosquitoes from the ground and using aircraft. Vector Disease Control International was established in 1992 and is based in Little Rock, Arkansas.

Buy -