M&A Deal Summary

Lindsay Goldberg Acquires Big Ass Fans

On December 22, 2017, private equity firm Lindsay Goldberg acquired manufacturer Big Ass Fans for 500M USD

Acquisition Highlights
  • This is Lindsay Goldberg’s 2nd transaction in the Manufacturing sector.
  • This is Lindsay Goldberg’s 2nd largest (disclosed) transaction.
  • This is Lindsay Goldberg’s 30th transaction in the United States.
  • This is Lindsay Goldberg’s 1st transaction in Kentucky.
Investment Fate
  • Big Ass Fans was sold to a strategic buyer in 2021.
  • Big Ass Fans was sold to a financial buyer in 2021.

M&A Deal Summary

Date 2017-12-22
Target Big Ass Fans
Sector Manufacturing
Buyer(s) Lindsay Goldberg
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 500M USD

Target

Big Ass Fans

Lexington, Kentucky, United States
Big Ass Fans is a manufacturer of fans, lights, and control systems, with an emphasis on energy efficiency for industrial, commercial, and residential use under the Big Ass Fans, Haiku, and Big Ass Light brands. Big Ass Fans was founded in 1999 and is based in Lexington, Kentucky.

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Buyer(S) 1

Buyer

Lindsay Goldberg

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lindsay Goldberg is a large private equity firm that targets investments in traditional, basic industries. Lindsay looks to commit $50 to $250 million per transaction in sectors that include basic & commodity manufacturing, financial services, food, and distribution. Lindsay looks to partner with management in pursuing transactions. Lindsay Goldberg was formerly known as Lindsay Goldberg & Bessemer. The Firm was formed in 2001 and is based in New York City.


DEAL STATS #
Overall 39 of 57
Sector (Manufacturing) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 17 of 24
State (Kentucky) 1 of 1
Country (United States) 30 of 46
Year (2017) 3 of 3
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-18 WoodSpring Hotels

Wichita, Kansas, United States

WoodSpring Hotels Holdings is a lodging company operating under the WoodSpring Suites and Value Place brands, provides management and accounting services for hotels and includes business units for development, construction and operation of company-owned hotels.

Sell $231M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-31 ECS Federal

Fairfax, Virginia, United States

ECS Federal, Inc. is a national information technology solutions provider delivering cyber security, cloud, DevOps, IT modernization and advanced science and engineering solutions. ECS designs, implements and operationalizes security capabilities for some of the most highly-targeted government customers in the world. The company maintains partnerships with the world’s leading cyber and cloud technology organizations, with immediate reach-back capability and certified experience. ECS is strategically positioned at the intersection of mission and technology – delivering proven market differentiation and unparalleled growth at scale.

Sell $775M