M&A Deal Summary

First Reserve Management Acquires Lamons

On November 4, 2019, private equity firm First Reserve Management acquired manufacturing company Lamons from TriMas for 135M USD

Acquisition Highlights
  • This is First Reserve Management’s 3rd transaction in the Manufacturing sector.
  • This is First Reserve Management’s 11th largest (disclosed) transaction.
  • This is First Reserve Management’s 69th transaction in the United States.
  • This is First Reserve Management’s 36th transaction in Texas.

M&A Deal Summary

Date 2019-11-04
Target Lamons
Sector Manufacturing
Buyer(s) First Reserve Management
Sellers(s) TriMas
Deal Type Divestiture
Deal Value 135M USD

Target

Lamons

Houston, Texas, United States
website
Lamons designs, manufactures and distributes industrial sealing and fastener products, for the petrochemical, petroleum refining, oil field, and other industrial markets. Lamons provides industrial sealing fastener products to both maintenance repair operations and industrial original equipment manufacturers.

Search 173,350 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

First Reserve Management

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1983
PE ASSETS 31.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

First Reserve Corporation is a specialist private equity firm focused on investments in energy companies. First Reserve targets equity investments of $50 to $500 million in companies valued from $100 million to $10 billion. Target areas of interest within the energy industry include energy manufacturing and services (drilling service providers and wellhead equipment manufacturers), energy infrastructure, energy reserves, renewable energy and alternative fuels, and energy related insurance and financial products. First Reserve was established in 1983 and has offices in Greenwich, Connecticut; Houston, Texas; and London.


DEAL STATS #
Overall 106 of 107
Sector (Manufacturing) 3 of 3
Type (Divestiture) 9 of 9
State (Texas) 36 of 36
Country (United States) 69 of 70
Year (2019) 5 of 5
Size (of disclosed) 11 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-09 IRISNDT

Edmonton, Alberta, Canada

IRISNDT Corp. (IRISNDT Inspection & Engineering Services) provides advanced and general non-destructive testing (NDT), inspection, engineering, heat treatment, rope access, and specialized software solutions to the refining, petrochemical, chemical, power generation, pipeline, and industrial markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-20 Diamond S Shipping

Greenwich, Connecticut, United States

Diamond S Shipping owns and operates 64 vessels on the water, including 13 Suezmaxes, 1 Aframax, and 50 MR tankers. DSSI is one of the largest energy shipping companies providing seaborne transportation of crude oil, refined petroleum, and other petroleum products. Diamond S Shipping is headquartered in Greenwich, Connecticut.

Sell -

Seller(S) 1

SELLER

TriMas

Bloomfield Hills, Michigan, United States

website


Category Company
Founded 1986
SectorDiversified
Employees3,200
Revenue 770M USD (2020)
DESCRIPTION

TriMas is a diversified designer, manufacturer and distributor of engineered and applied products that serve a variety of industrial, commercial and consumer end markets worldwide. TriMas was founded in 1986 and is based in Bloomfield Hills, Michigan.


DEAL STATS #
Overall 7 of 7
Sector (Manufacturing) 2 of 2
Type (Divestiture) 6 of 6
State (Texas) 1 of 1
Country (United States) 7 of 7
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-30 Taplast

Povolaro, Italy

Taplast S.p.A. is a designer and manufacturer of dispensers, closures, and containers for the beauty and personal care, household and food packaging end markets, serving customers predominantly in Europe and the Americas. Taplast S.p.A. was founded in 1974 and is based in Povolaro, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-30 RSA Engineered Products

Simi Valley, California, United States

RSA Engineered Products LLC designs and manufactures a broad array of highly-engineered airflow control systems for use in commercial and military aircraft. RSA Engineered Products LLC’s primary products include ducting, anti-icing and ozone products. The majority of RSA’s sales are comprised of proprietary part numbers exclusive to the Company. RSA sells to a broad customer base that spans a high number of both legacy and new aircraft platforms.

Buy -