M&A Deal Summary

Energizer Holdings Acquires American Covers

On May 24, 2016, Energizer Holdings, Inc. acquired consumer products company American Covers, Inc. (dba Handstands) from Trivest Partners for 340M USD

Acquisition Highlights
  • This is Energizer Holdings’ 5th transaction in the Consumer Products sector.
  • This is Energizer Holdings’ 4th largest (disclosed) transaction.
  • This is Energizer Holdings’ 5th transaction in the United States.
  • This is Energizer Holdings’ 1st transaction in Utah.

M&A Deal Summary

Date 2016-05-24
Target American Covers, Inc. (dba Handstands)
Sector Consumer Products
Buyer(s) Energizer Holdings, Inc.
Sellers(s) Trivest Partners
Deal Type Add-on Acquisition
Deal Value 340M USD
Advisor(s) Sawaya Partners LLC (Financial)
Greenberg Traurig LLP (Legal)

Target

American Covers, Inc. (dba Handstands)

Draper, Utah, United States
website
American Covers, Inc. (dba Handstands) is a designer and supplier of automotive air freshener products sold through mass and aftermarket automotive channels.

Search 167,785 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Energizer Holdings, Inc.

St. Louis, Missouri, United States

website


Category Company
Founded 2015
SectorConsumer Products
Employees6,000
Revenue 3.0B USD (2021)
DESCRIPTION
Entrance to Energizer's corporate headquarters in St. Louis, Missouri.
Entrance to Energizer's corporate headquarters in St. Louis, Missouri.

Energizer is a consumer goods company operating globally in the broad categories of household and personal care products. Energizer offers solutions in portable power, lighting, wet shave and personal grooming, skin care, feminine care and infant care. Energizer was founded in 2015 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 5 of 7
Sector (Consumer Products) 5 of 6
Type (Add-on Acquisition) 3 of 3
State (Utah) 1 of 1
Country (United States) 5 of 7
Year (2016) 1 of 1
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-31 J&J - Feminine Hygiene Business

United States

J&J's feminine hygiene business comprises of Carefree liners, Stayfree pads and o.b. tampon brands.

Buy $185M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-16 Spectrum Brands Holdings, Inc. - Global Battery & Portable Lighting Business

Middleton, Wisconsin, United States

Spectrum Brands Holdings, Inc. - Global Battery & Portable Lighting Business has a longstanding history, global footprint and diversified range of products including alkaline, carbon zinc, hearing aid and nickel metal hydride rechargeable batteries as well as battery chargers and portable lighting products.

Buy $2.0B

Seller(S) 1

SELLER

Trivest Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 1.5B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Trivest is a private equity firm that invests in North American middle-market corporate acquisitions, recapitalizations, and growth capital financings. For platform investments, sectors of interest include niche manufacturing, value-added distribution, business services, and consumer products/services. The Firm seeks businesses with at least $4 million of EBITDA and valued between $20 and $250 million. Trivest prefers control-based situations but will also consider minority or co-investment opportunities. For add-on opportunities, Trivest will consider companies globally with valuations starting at $1 million. Trivest Partners was formed in 1981 and is based in Coral Gables, Florida.


DEAL STATS #
Overall 19 of 29
Sector (Consumer Products) 2 of 4
Type (Add-on Acquisition) 8 of 12
State (Utah) 2 of 2
Country (United States) 16 of 26
Year (2016) 4 of 4
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-25 Twin-Star International, Inc.

Delray Beach, Florida, United States

Twin-Star International, Inc. is a designer and marketer of decorative electric fireplaces and bathroom vanities. Through a continuous focus on designing high quality, aesthetically pleasing products, Twin-Star has achieved leading market positions in the large and growing electric fireplace category and is the primary supplier of the category to leading retailers across various channels.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-29 Turnpoint Services LLC

Louisville, Kentucky, United States

Turnpoint Services provides a comprehensive range of plumbing, electrical, and HVAC installation and repair services. The Company currently operates in thirteen states throughout the Southeast and Midwest regions and is nationally recognized as a Top-10 plumbing and HVAC service business. Turnpoint Services was formed in 2016 and is based in Louisville, Kentucky.

Buy -