M&A Deal Summary |
|
|---|---|
| Date | 2014-01-06 |
| Target | Keystone Automotive Operations |
| Sector | Distribution |
| Buyer(s) | LKQ |
| Sellers(s) |
Platinum Equity
Littlejohn Bain Capital Private Equity Aurora Resurgence |
| Deal Type | Add-on Acquisition |
| Deal Value | 450M USD |
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| Category | Company |
|---|---|
| Founded | 1998 |
| Sector | Automotive |
| Employees | 46,000 |
| Revenue | 13.1B USD (2021) |
LKQ is a provider of alternative collision replacement parts and also a provider of recycled engines and transmissions and remanufactured engines, all in connection with the repair of automobiles and other vehicles. LKQ also has operations in the United Kingdom, Canada, Mexico, Taiwan, the Netherlands, Belgium, France, Guatemala and Costa Rica. LKQ operates more than 500 facilities, offering its customers a broad range of replacement systems, components and parts to repair automobiles and light, medium and heavy-duty trucks. LKQ was founded in 1998 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 28 of 45 |
| Sector (Distribution) | 10 of 20 |
| Type (Add-on Acquisition) | 25 of 40 |
| State (Pennsylvania) | 2 of 3 |
| Country (United States) | 22 of 30 |
| Year (2014) | 1 of 6 |
| Size (of disclosed) | 5 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-06 |
JCA Coatings
Reading, United Kingdom JCA Coatings Ltd. engages in the distribution of refinish materials to the vehicle body repair market. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-15 |
VEAM B.V.
Heerenveen, Netherlands VEAM B.V. is a distributor of automobile parts. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 48.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.
| DEAL STATS | # |
|---|---|
| Overall | 28 of 77 |
| Sector (Distribution) | 3 of 4 |
| Type (Add-on Acquisition) | 16 of 39 |
| State (Pennsylvania) | 2 of 6 |
| Country (United States) | 21 of 64 |
| Year (2014) | 1 of 9 |
| Size (of disclosed) | 9 of 21 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-12-10 |
BlueLine Rental
Shippensburg, Pennsylvania, United States BlueLine Rental LLC is a provider of rental equipment services in North America, offering comprehensive lines of earthmoving, aerial and other construction equipment to service its customer base across multiple end markets, including the industrial, energy, infrastructure, nonresidential and residential construction, and non-construction markets. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-13 |
Sensis Pty
Melbourne, Australia Sensis is a print and online directory and digital advertising services provider in Australia. The company is organized into three distinct business segments: White Pages, Yellow Pages, and Digital Partnership and Innovation. |
Buy | AU$454M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 7.8B USD |
| Size | Mega |
| Type | Sector Agnostic |
Littlejohn is a private equity firm that makes control investments in mid-sized companies undergoing change; either in capital structure, strategy, operations, or growth. Littlejohn looks to commit $50 to $250 million of equity, mezzanine, or credit capital in companies with annual revenues of $100 to $800 million. Sectors of interest include industrial equipment, packaging, chemicals, automotive and transportation parts and equipment, food and food processing, healthcare, plastics, aerospace/defense, distribution, environmental and infrastructure services, and consumer products. The Firm avoids investing in real estate, fashion, retail, and businesses engaged in high technology. Littlejohn prefers opportunities located in the US, but also considers opportunities in Europe and Canada. Littlejohn was formed in 1996 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 45 |
| Sector (Distribution) | 3 of 7 |
| Type (Add-on Acquisition) | 9 of 19 |
| State (Pennsylvania) | 2 of 4 |
| Country (United States) | 15 of 41 |
| Year (2014) | 1 of 5 |
| Size (of disclosed) | 7 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-12-16 |
Hostway
Chicago, Illinois, United States Hostway is a provider of hosted information technology solutions to over 500,000 small and medium-size businesses and enterprise customers. Hostway delivers customized Infrastructure-as-a-service (IaaS) and Cloud solutions, a robust suite of web presence and web optimization solutions, hosted exchange and a variety of other value-added applications and services in customizable managed, shared, cloud or hybrid environments. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-02-13 |
Installed Building Products
Columbus, Ohio, United States Installed Building Products is a manufacture, sale, and installation of building products for the commercial building industry. IBP provides insulations, shower doors, mirrors, shelving, waterproofing, gutters, garage doors, and fireplaces. Installed Building Products was founded in 1977 and is based in Columbus, Ohio. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 44.2B USD |
| Size | Mega |
| Type | Sector Agnostic |
Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.
| DEAL STATS | # |
|---|---|
| Overall | 56 of 138 |
| Sector (Distribution) | 4 of 5 |
| Type (Add-on Acquisition) | 14 of 40 |
| State (Pennsylvania) | 4 of 7 |
| Country (United States) | 39 of 84 |
| Year (2014) | 1 of 9 |
| Size (of disclosed) | 34 of 44 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-01 |
Kestra
Kirkland, Washington, United States Kestra is a development-stage manufacturer of wearable cardioverter defibrillator solutions designed to prevent sudden cardiac death and promote cardiac recovery in at-risk patients. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-08 |
MedHOK
Tampa, Florida, United States MedHOK, Inc. is a provider of software-as-a-service (SaaS) solutions for health plans offered by insurance companies, health systems and companies that administer drug benefits. |
Buy | - |
| Category | Distressed Investor |
|---|---|
| Founded | 1991 |
| PE ASSETS | 550M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Aurora Resurgence is a private equity firm focused on complex or special situation investments. The Firm is associated with private equity group Aurora Capital Group and looks to invest $25 to $100 million of equity or debt capital to support a variety of investment situations including buyouts, carve-outs, recapitalizations, 363 sales, secondary debt purchases, DIP financings, and restructurings. Aurora Resurgence is based in Los Angeles, California.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 10 |
| Sector (Distribution) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 2 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 4 of 8 |
| Year (2014) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-07-02 |
Miami Valley Steel Service
Piqua, Ohio, United States Miami Valley Steel Service, Inc. provides steel processing services and engages in the distribution of low carbon flat roll steel products. Miami Valley provides steel coil, sheets, precision blanks, edged conditioned coil, oscillate coil and bar stock. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-02-04 |
International Cookware SAS
Chateauroux, France International Cookware SAS designs, manufactures, and distributes cookware equipment, primarily made of borosilicate glass, which offers superior thermal shock resistance. It is primarily sold under the iconic Pyrex® brand, which International Cookware commercializes across EMEA under an exclusive licensing agreement granted by Corning Inc and Corning Limited. The Group has also developed its own cookware brand, Ôcuisine, which has a large range of products distributed throughout the world. |
Buy | - |
