M&A Deal Summary |
|
|---|---|
| Date | 2016-06-02 |
| Target | Technibus |
| Sector | Electrical Equipment |
| Buyer(s) | IES |
| Sellers(s) | Pfingsten Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 45M USD |
| Advisor(s) | Fidus Partners (Financial) Ropes & Gray (Legal) |
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| Category | Company |
|---|---|
| Founded | 1997 |
| Sector | Business Services |
| Employees | 8,028 |
| Revenue | 2.2B USD (2022) |
IES is a consisted of a group of electrical contractors provides communications, residential, commercial and industrial, and infrastructure solutions to a variety of end markets. IES was founded in 1997 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 16 |
| Sector (Electrical Equipment) | 2 of 6 |
| Type (Add-on Acquisition) | 5 of 16 |
| State (Ohio) | 2 of 4 |
| Country (United States) | 5 of 16 |
| Year (2016) | 2 of 2 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-27 |
STR Mechanical
Charlotte, North Carolina, United States STR Mechanical, Inc. is a provider of commercial and industrial mechanical services, including maintenance, repair, and replacement services, and temperature control system installations. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-03-16 |
Freeman Enclosure Systems
Batavia, Ohio, United States Freeman Enclosure Systems LLC is a manufacturer of custom generator enclosures that are primarily used by data centers and large commercial and industrial facilities. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 1.3B USD |
| Size | Large |
| Type | Sector Agnostic |
Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 39 |
| Sector (Electrical Equipment) | 4 of 6 |
| Type (Add-on Acquisition) | 11 of 16 |
| State (Ohio) | 6 of 8 |
| Country (United States) | 23 of 39 |
| Year (2016) | 1 of 3 |
| Size (of disclosed) | 6 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-05-19 |
Oliver
Twinsburg, Ohio, United States Oliveris a manufacturer of value-added marketing collateral, packaging, and POP displays. The company is a provider of highly customized, quick turnaround marketing and packaging solutions to a diverse customer base across the health and beauty, consumer goods, financial services, building products, and specialty food and beverage end-markets. Oliver was founded in 1924 and is based in Twinsburg, Ohio. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-06-07 |
Kith Kitchens
Haleyville, Alabama, United States Kith Kitchens is a manufacturer of semi-custom framed and frameless kitchen and bath cabinetry under the Kith and Eudora brand names. Kith Kitchens is based in Haleyville, Alabama. |
Buy | - |
