M&A Deal Summary

EnPro Acquires NxEdge

On November 5, 2021, EnPro acquired business services company NxEdge from Trive Capital for 850M USD

Acquisition Highlights
  • This is EnPro’s 1st transaction in the Business Services sector.
  • This is EnPro’s largest (disclosed) transaction.
  • This is EnPro’s 20th transaction in the United States.
  • This is EnPro’s 1st transaction in Idaho.

M&A Deal Summary

Date 2021-11-05
Target NxEdge
Sector Business Services
Buyer(s) EnPro
Sellers(s) Trive Capital
Deal Type Add-on Acquisition
Deal Value 850M USD

Target

NxEdge

Boise, Idaho, United States
website
NxEdge provides vertically integrated solutions to the semiconductor market. The company offers custom solutions including machining, anodizing & plating, advanced engineering coatings, fluoropolymer coatings, cleanings, and assembly. NxEdge was established in 2001 and is based in Boise, Idaho.

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Buyer(S) 1

Buyer

EnPro

Charlotte, North Carolina, United States

website


Category Company
Founded 2002
Sector Machinery
Employees3,500
Revenue 1.1B USD (2022)
DESCRIPTION

EnPro is a provider of sealing products, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other engineered products. EnPro was founded in 2002 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 26 of 26
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 25 of 25
State (Idaho) 1 of 1
Country (United States) 20 of 20
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-12 CPI

Stafford, Texas, United States

CPI is a manufacturer of precision-engineered, custom aftermarket products and its broad product offering is critical to the longevity, efficiency and safety of reciprocating compressors. CPI was founded in 2004 and is based in Stafford, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 GGB

Suzhou, China

GGB is a technology and market provider of premium engineered metal-polymer plain bearings with expertise in material science, surface engineering, and tribology. With manufacturing facilities across the United States, Europe, and China. GGB was founded in 1899 and is based in Suzhou, China.

Sell $305M

Seller(S) 1

SELLER

Trive Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2012
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Trive Capital is a hands-on, operationally-focused private equity firm that targets complex or special situations in 'out of favor' but protected market niches. The Firm will consider businesses throughout North America offering differentiated products/services with leading/defensible industry positions. Trive looks to commit $10 to $250 million per investment in businesses generating revenues of $40 million to $1.5 billion. Sectors of interest include automotive, transportation, aerospace/defense, building products, construction, infrastructure, healthcare, manufacturing, industrial, chemicals, distribution, consumer goods, energy services, business services, and communications. Trive Capital was founded in 2012 and is based in Dallas, Texas.


DEAL STATS #
Overall 14 of 16
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 6 of 7
State (Idaho) 1 of 1
Country (United States) 14 of 16
Year (2021) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-16 American Veterinary Group

Tampa, Florida, United States

American Veterinary Group owns and manages a network of veterinary hospitals that treat and protect over 50,000 pets annually. AVG delivers high touch practice management solutions to help veterinarians at all stages of the practice lifecycle, focus on the needs of their patients, instead of the needs of their business. American Veterinary Group was founded in 2012 and is based in Tampa, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Allcat Claims Service

San Antonio, Texas, United States

Allcat Claims Service is a total solution provider for all of your insurance claims needs. We can handle all aspects of your claims process, including initial calls received during normal business hours as well as weekends, after hours and emergency call centers. Allcat Claims Service was founded in 2000 and is based in San Antonio, Texas.

Buy -