Astatine Investment Partners Mergers and Acquisitions Summary

Infrastructure Profile

In the last 3 years, Astatine Investment Partners has acquired 4 companies.

Astatine Investment Partners’ most common sectors for investment arebusiness services (22%) and oil/gas exploration (18%) . The Firm’s most common investment types include secondary buyout (48%) and divestiture (22%). In total, Astatine Investment Partners has invested in 11 US states and 5 different countries. Its largest (disclosed) acquisition occurred in 2011 when it acquired InterPark Holdings for $800M.

In the last 3 years, Astatine Investment Partners has exited 2 companies. The Firm’s most common exit type is trade sale (46%). Astatine Investment Partners’ largest (disclosed) exit occurred in 2017 when it sold Reliance Home Comfort for $2.1B.

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M&A Summary

M&A Total Activity34
- M&A Buy Activity23
- M&A Sell Activity11
Total Sectors Invested 13
Total Countries Invested 5
M&A Buy/Sell Connections 15
M&A Advisors 14

Astatine Investment Partners

Transaction Criteria	Min	Max
Target Revenue	-	-
Target EBITDA	-	-
Investment Size	-	-
Enterprise Value	-	-

Transaction Criteria

Min

Max

Target Revenue

Target EBITDA

Investment Size

Enterprise Value

Year	≤ '19	'20	'21	'22	'23	'24	T
Buy (1.2/yr)	#	17	2	2	-	1	1	23
vol	$1.9B						$1.9B
Sell (0.4/yr)	#	9	-	1	1	-	-	11
vol	$4.6B						$4.6B
	34

Year

≤ '19

'20

'21

'22

'23

'24

Buy (1.2/yr)

vol

$1.9B

Sell (0.4/yr)

vol

$4.6B

Company	Date	Value	Type
Riverside Truck Rental Ltd.	2024-04-24	-	Secondary Buyout
Lancashire, United Kingdom · www.nrgriverside.com
McKeil Marine Ltd.	2023-11-03	-	Secondary Buyout
Burlington, Ontario · www.mckeil.com
Howard Midstream Energy Partners LLC	2022-11-08	-	Secondary Sale
San Antonio, Texas · www.howardenergypartners.com
Big Truck Rental	2021-10-18	-	Secondary Buyout
Tampa, Florida · www.bigtruckrental.com
BCTN Nijmegen BV	2021-06-21	-	Secondary Sale
Nijmegen, Netherlands · www.bctn.nl
ACL AirShop LLC	2021-04-22	-	Secondary Buyout
Greenville, South Carolina · www.aclairshop.com
Peco Pallet, Inc.	2020-10-05	-	Secondary Buyout
Itasca, Illinois · www.pecopallet.com
Glide	2020-06-01	-	Secondary Buyout
Kenn , United Kingdom · www.glidegroup.co.uk
QTS Joint Venture	2019-02-25	-	Joint Venture
, United States
Maurepas Pipeline	2018-08-20	-	Stake Purchase
Tulsa, Oklahoma
View All >>

Company

Date

Value

Type

Riverside Truck Rental Ltd.

2024-04-24

Secondary Buyout

Lancashire, United Kingdom · www.nrgriverside.com

McKeil Marine Ltd.

2023-11-03

Secondary Buyout

Burlington, Ontario · www.mckeil.com

Howard Midstream Energy Partners LLC

2022-11-08

Secondary Sale

San Antonio, Texas · www.howardenergypartners.com

Big Truck Rental

2021-10-18

Secondary Buyout

Tampa, Florida · www.bigtruckrental.com

BCTN Nijmegen BV

2021-06-21

Secondary Sale

Nijmegen, Netherlands · www.bctn.nl

ACL AirShop LLC

2021-04-22

Secondary Buyout

Greenville, South Carolina · www.aclairshop.com

Peco Pallet, Inc.

2020-10-05

Secondary Buyout

Itasca, Illinois · www.pecopallet.com

Glide

2020-06-01

Secondary Buyout

Kenn , United Kingdom · www.glidegroup.co.uk

QTS Joint Venture

2019-02-25

Joint Venture

, United States

Maurepas Pipeline

2018-08-20

Stake Purchase

Tulsa, Oklahoma

View All >>

Sector	Current #	Value	All-time #	Value
Business Services	3 (23%)	-	5 (22%)	300M (15%)
Oil/Gas Exploration	-	-	4 (17%)	221M (11%)
Communications	1 (8%)	-	2 (9%)	-
Information Technology	2 (15%)	-	2 (9%)	-
Transportation	2 (15%)	-	2 (9%)	-
Real Estate	-	-	1 (4%)	800M (41%)
Utilities	-	-	1 (4%)	616M (32%)
Aerospace	1 (8%)	-	1 (4%)	-
Energy Services and Equipment	1 (8%)	-	1 (4%)	-
Environmental	-	-	1 (4%)	-
Infrastructure	1 (8%)	-	1 (4%)	-
Internet Software and Services	1 (8%)	-	1 (4%)	-
Marine	1 (8%)	-	1 (4%)	-
Total	13	-	23	$1.9B

Sector

Current #

Value

All-time #

Value

Business Services

3 (23%)

5 (22%)

300M (15%)

Oil/Gas Exploration

4 (17%)

221M (11%)

Communications

1 (8%)

2 (9%)

Information Technology

2 (15%)

2 (9%)

Transportation

2 (15%)

2 (9%)

Real Estate

1 (4%)

800M (41%)

Utilities

1 (4%)

616M (32%)

Aerospace

1 (8%)

1 (4%)

Energy Services and Equipment

1 (8%)

1 (4%)

Environmental

1 (4%)

Infrastructure

1 (8%)

1 (4%)

Internet Software and Services

1 (8%)

1 (4%)

Marine

1 (8%)

1 (4%)

Total

$1.9B

State/Country	Current #	Value	All-time #	Value
United States	7 (54%)	-	14 (61%)	1.0B (53%)
	Texas	-	-	3 (13%)	221M (11%)
	Illinois	1 (8%)	-	2 (9%)	800M (41%)
	Arizona	1 (8%)	-	1 (4%)	-
	Virginia	1 (8%)	-	1 (4%)	-
	South Carolina	1 (8%)	-	1 (4%)	-
	Oklahoma	1 (8%)	-	1 (4%)	-
	Florida	1 (8%)	-	1 (4%)	-
	North Carolina	-	-	1 (4%)	-
	Colorado	-	-	1 (4%)	-
	California	-	-	1 (4%)	-
United Kingdom	4 (31%)	-	5 (22%)	616M (32%)
Canada	1 (8%)	-	2 (9%)	-
	Ontario	1 (8%)	-	2 (9%)	-
Poland	1 (8%)	-	1 (4%)	-
Germany	-	-	1 (4%)	300M (15%)
Domestic	7 (54%)	-	14 (61%)	1.0B (53%)
Cross-border	6 (46%)	-	9 (39%)	916M (47%)
Total	13	-	23	$1.9B

State/Country

Current #

Value

All-time #

Value

United States

7 (54%)

14 (61%)

1.0B (53%)

Texas

3 (13%)

221M (11%)

Illinois

1 (8%)

2 (9%)

800M (41%)

Arizona

1 (8%)

1 (4%)

Virginia

1 (8%)

1 (4%)

South Carolina

1 (8%)

1 (4%)

Oklahoma

1 (8%)

1 (4%)

Florida

1 (8%)

1 (4%)

North Carolina

1 (4%)

Colorado

1 (4%)

California

1 (4%)

United Kingdom

4 (31%)

5 (22%)

616M (32%)

Canada

1 (8%)

2 (9%)

Ontario

1 (8%)

2 (9%)

Poland

1 (8%)

1 (4%)

Germany

1 (4%)

300M (15%)

Domestic

7 (54%)

14 (61%)

1.0B (53%)

Cross-border

6 (46%)

9 (39%)

916M (47%)

Total

$1.9B

Type	Current #	Value	All-time #	Value
Secondary Buyout	8 (62%)	-	11 (48%)	916M (47%)
Divestiture	2 (15%)	-	5 (22%)	221M (11%)
Buyout (LBO, MBO, MBI)	-	-	3 (13%)	800M (41%)
Joint Venture	1 (8%)	-	2 (9%)	-
Stake Purchase	2 (15%)	-	2 (9%)	-
Total	13	-	23	$1.9B

Type

Current #

Value

All-time #

Value

Secondary Buyout

8 (62%)

11 (48%)

916M (47%)

Divestiture

2 (15%)

5 (22%)

221M (11%)

Buyout (LBO, MBO, MBI)

3 (13%)

800M (41%)

Joint Venture

1 (8%)

2 (9%)

Stake Purchase

2 (15%)

2 (9%)

Total

$1.9B

Type	Total #	Value
Trade Sale - Public Company	4 (36%)	4.6B (100%)
Secondary Sale	4 (36%)	-
Trade Sale	2 (18%)	-
Bankruptcy	1 (9%)	-
Total	11	$4.6B

Type

Total #

Value

Trade Sale - Public Company

4 (36%)

4.6B (100%)

Secondary Sale

4 (36%)

Trade Sale

2 (18%)

Bankruptcy

1 (9%)

Total

$4.6B

Financial	Deals
RBC Capital Markets	2
J.P. Morgan Securities	1
National Bank Financial	1

Financial

Deals

RBC Capital Markets

J.P. Morgan Securities

National Bank Financial

Legal	Deals
Cassels	1
Hogan Lovells	1
Addleshaw Goddard	1

Legal

Deals

Cassels

Hogan Lovells

Addleshaw Goddard

buy	#	Total
$100M to $1B	4	$1.9B
TOTAL	$1.9B
Largest	InterPark Holdings $800M (2011-06-30)

buy

Total

$100M to $1B

$1.9B

TOTAL

$1.9B

Largest

InterPark Holdings
$800M (2011-06-30)

sell	#	Total
> $1B	2	$4.0B
$100M to $1B	1	$600M
TOTAL	$4.6B
Largest	Reliance Home Comfort $2.1B (2017-03-31)

sell

Total

> $1B

$4.0B

$100M to $1B

$600M

TOTAL

$4.6B

Largest

Reliance Home Comfort
$2.1B (2017-03-31)

		Deals
Acquired from
Investor(s)	48%	11 (48%)
Strategic(s)	26%	6 (26%)
Exited to
Investor(s)	36%	4 (36%)
Strategic(s)	45%	5 (45%)

Deals

Acquired from

Investor(s)

11 (48%)

Strategic(s)

6 (26%)

Exited to

Investor(s)

4 (36%)

Strategic(s)

5 (45%)

FAQ

When was Astatine Investment Partners founded?

Astatine Investment Partners was founded in 2005.

What type of investor is Astatine Investment Partners?

Astatine Investment Partners is an infrastructure investor.

Where is Astatine Investment Partners headquartered?

Astatine Investment Partners is headquartered in Greenwich, Connecticut.

How much capital does Astatine Investment Partners have under management?

Astatine Investment Partners has 10.0B USD under management.

Astatine Investment Partners Mergers and Acquisitions Summary

Infrastructure Profile

M&A Summary