M&A Deal Summary

Kohlberg & Company Acquires EN Engineering

On July 18, 2019, private equity firm Kohlberg & Company acquired engineering company EN Engineering from Brookside Equity Partners, CIVC Partners, General Atlantic and Madison Capital Funding

Acquisition Highlights
  • This is Kohlberg & Company’s 1st transaction in the Engineering sector.
  • This is Kohlberg & Company’s 63rd transaction in the United States.
  • This is Kohlberg & Company’s 3rd transaction in Illinois.

M&A Deal Summary

Date 2019-07-18
Target EN Engineering
Sector Engineering
Buyer(s) Kohlberg & Company
Sellers(s) Brookside Equity Partners
CIVC Partners
General Atlantic
Madison Capital Funding
Deal Type Secondary Buyout

Target

EN Engineering

Warrenville, Illinois, United States
website
EN Engineering's corporate headquarters in Warrenville, Illinois.
EN Engineering's corporate headquarters in Warrenville, Illinois.
EN Engineering is an outsourced provider of comprehensive design, engineering, and consulting services to utilities in the U.S. EN Engineering offers customers a full spectrum of services with expertise in gas and electric distribution, pipeline infrastructure, automation systems, and integrity management solutions.

Search 171,589 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

Kohlberg & Company

Mount Kisco, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 11.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Kohlberg & Company is a private equity firm which acquires middle-market companies with consistent cash flow, and underperforming companies with operational deficiencies. Kohlberg looks to commit $100 to $500 million of equity capital in opportunities valued from $200 million to $2 billion. Kohlberg generally looks for opportunities in the manufacturing and service sectors, however the Firm will also selectively consider businesses in food and healthcare. Kohlberg tends not to consider technology or communications companies. Kohlberg & Company was formed in 1987 and has offices in Mt. Kisco, New York.


DEAL STATS #
Overall 65 of 74
Sector (Engineering) 1 of 1
Type (Secondary Buyout) 20 of 28
State (Illinois) 3 of 3
Country (United States) 63 of 72
Year (2019) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-08 Spire Orthopedic Partners

Greenwich, Connecticut, United States

Spire Orthopedic Partners is an orthopedic and neurosurgery physician services group offering a wide range of clinical care including orthopedic, sports medicine, joint replacement, neurosurgery, physiatry and ancillary services such as physical therapy and MRI.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 Franklin Energy Services

Port Washington, Wisconsin, United States

Franklin Energy Services LLC offers a seamless customer experience through energy efficiency and demand response program management services, as well as product fulfillment. Franklin Energy has a nationwide footprint and will leverage its 30 years of expertise as it continues delivering integrated customer engagement solutions alongside its implementation services and product solutions.

Sell -

Seller(S) 4

SELLER

Brookside Equity Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1977
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Brookside Equity Partners (BEP) focuses on private equity investments, including direct control investments, majority or minority co-investments alongside other investment firms, and, on a selective basis, investments in private funds or special situations. BEP targets middle-market companies with revenues greater than $15 million and at least $5 million of EBITDA. Sectors of interest include manufacturing, business services, financial services, and consumer businesses. Brookside Equity Partners was formed in 1977 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 27 of 28
Sector (Engineering) 3 of 3
Type (Secondary Buyout) 13 of 13
State (Illinois) 2 of 2
Country (United States) 26 of 27
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-08 Engage2Excel

Statesville, North Carolina, United States

Engage2Excel, Inc. is a provider of employee engagement and recognition programs. Engage2Excel helps clients measure, manage, and improve performance with the industry's only ROI-based employee recognition solution. Engage2Excel was founded in 1892 and is based in Statesville, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-21 SelectQuote

Overland Park, Kansas, United States

SelectQuote is a term life insurance sales company in the United States. It offers auto and home insurance.

Sell -
SELLER

CIVC Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1970
PE ASSETS 1.8B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

CIVC Partners is a private equity firm that provides buyout and growth capital to middle-market businesses located in the US and Canada. CIVC invests in companies generating sales of $40 - $300 million with an EBITDA of $5 to $25 million. Sectors of interest include Business Services, Information Services, Facility Services, Insurance Services, Transportation & Logistics, Tech-enabled Services, BPO, SaaS, Compliance Services, Corporate Training, IT Services, and Utility Services. The firm invests in the range of $20 - $100 million per transaction. CIVC prefers to be the lead equity sponsor and will consider both majority and minority investment situations. CIVC Partners was formed in 1970 and is based in Chicago, Illinois.


DEAL STATS #
Overall 41 of 45
Sector (Engineering) 1 of 1
Type (Secondary Buyout) 15 of 18
State (Illinois) 6 of 6
Country (United States) 41 of 44
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-14 Specialized Elevator Services

Santa Fe Springs, California, United States

Specialized Elevator Services is dedicated to providing courteous, professional elevator services to keep every building’s elevator performing and looking its best. Our end-to-end elevator services include elevator modernization, maintenance, repairs, ADA compliance, and building code upgrades.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-01 Yellowstone Landscape

Plano, Texas, United States

Yellowstone Landscape is a provider of a variety of landscaping services to commercial, governmental and institutional customers located in the Southeastern United States and Texas.

Sell -
SELLER

General Atlantic

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1980
PE ASSETS 28.0B EUR
SizeMega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest €40 to €400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 100 of 115
Sector (Engineering) 3 of 3
Type (Secondary Buyout) 21 of 24
State (Illinois) 4 of 5
Country (United States) 54 of 64
Year (2019) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-12 CitiusTech

Mumbai, India

CitiusTech is a healthcare technology services and solutions provider, partnering with over 50 leading healthcare organizations worldwide. CitiusTech offers a wide range of healthcare-related information technology services including software development, software interoperability, meaningful use compliance solutions, analytics, care management and consumer health solutions. CitiusTech has one of the largest product engineering practices in the healthcare market, and currently serves 10 of the top 20 healthcare technology organizations across the globe.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-15 Motif FoodWorks

Boston, Massachusetts, United States

Motif FoodWorks, Inc. is an ingredients innovation company dedicated to reshaping the landscape of food through science and technology. The company offers sustainable alternative proteins and wide-ranging ingredient solutions for innovative food producers.

Buy -
SELLER

Madison Capital Funding

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 8.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Madison Capital Funding is an affiliate of the New York Life Insurance Company. Madison Capital looks to fund leveraged buyouts, leveraged recapitalizations, add–on acquisitions, and various growth investments by investing across the capital structure. Madison Capital targets profitable companies with at least $3.5 million of EBITDA and can invest up to $200 million per transaction. Madison Capital Funding was formed in 2001 and is based in Chicago, Illinois.


DEAL STATS #
Overall 35 of 46
Sector (Engineering) 1 of 1
Type (Secondary Buyout) 16 of 23
State (Illinois) 4 of 4
Country (United States) 35 of 46
Year (2019) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-05 Actagro

Biola, California, United States

Actagro LLC is a developer, manufacturer, and marketer of environmentally sustainable soil and plant health products and technologies. Actagro’s premier commercial portfolio includes approximately 30 specialty products that have a strong track-record of increasing crop productivity and financial returns for growers.

Sell $340M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-09 Nobles Worldwide

St. Croix Falls, Wisconsin, United States

Nobles Worldwide, Inc. is the largest supplier of ammunition feed systems to all branches of the U.S. military and its allies. Nobles are recognized globally for their superior durability products, cutting-edge designs, and rigorous quality assurance. Nobles Worldwide offer lighter, stronger and more flexible materials used in ammunition chutes, magazines, gun mounts, and weapon stations. Nobles are based in St. Croix Falls, Wisconsin.

Sell -