Longroad Asset Management Mergers and Acquisitions Summary

Private Equity Profile

Longroad Asset Management’s most common sectors for investment are energy services and equipment (28%) and engineering (19%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (46%) and special situations/distressed (28%). In total, Longroad Asset Management has invested in 6 US states and 3 different countries.

In the last 3 years, Longroad Asset Management has exited 1 company. The Firm’s most common exit type is trade sale (34%).

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M&A Summary

  • M&A Total Activity23
    • M&A Buy Activity11
    • M&A Sell Activity12
  • Total Sectors Invested 7
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 6
  • M&A Advisors 1

Longroad Asset Management LLC

177 Broad Street, Suite 1150,
Stamford, Connecticut 06901
United States
(203) 967-1400
www.longroadllc.com
pjc@longroadllc.com

Longroad Asset Management is a special situations private equity firm focused on troubled companies located within the United States or Canada. The firm seeks to invest in middle market companies across a wide range of industries with revenues between $30 million to $500 million. The firm typically commits between $5 million to $50 million per investment. Companies targeted may be in deep financial distress, in or near bankruptcy, operationally under-performing businesses, companies experiencing downturns in business or economic cycles and orphan businesses including divestitures, spin-offs or carve-outs. Longroad Asset Management was formed in 2001 based in Stamford, Connecticut and has office in Austin, Texas.


Investment Criteria

Sectors of Interest: Aerospace, Apparel/Textiles, Business Services, Construction, Consumer Products, Defense, Energy Services and Equipment, Engineering, Machinery, Manufacturing, Plastics

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Special Situations/Distressed, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue 30 500
Target EBITDA 25 -
Investment Size 5 30
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.0/yr) # 11 - - - - - 11
Sell (0.2/yr) # 11 - 1 - - - 12
  23

Most Recent M&A

Company Date Value Type
Blue Bell Mattress Co., LLC 2017-12-12 - Secondary Buyout
East Windsor, Connecticut · www.bluebellmattress.com
Easy Gardener Products, Inc. 2015-05-26 - Secondary Buyout
Waco, Texas · www.easygardener.com
HWD Acquisition, Inc. (dba Hurd Windows and Doors) 2014-08-06 - Add-on Acquisition
Medford, Wisconsin · www.hurd.com
Blue Bell Mattress Co., LLC 2014-01-31 - Buyout (LBO, MBO, MBI)
East Windsor, Connecticut · www.bluebellmattress.com
The Plumbline Group of Co. 2013-10-18 - Bankruptcy
Calgary, Alberta · www.plumb-line.ca
PM Engineered Solutions, Inc. 2012-10-05 - Add-on Acquisition
Watertown, Connecticut · www.pmeseng.com
Broad Street Tank Holdings, Inc. 2012-05-11 - Recapitalization
Elma, Washington · www.bmt-tank.com
Wakefield Solutions, Inc. 2012-02-29 - Sold to Management
Pelham, New Hampshire · www.wakefield.com
Waco Equipment Co. (dba Waco Scaffolding) 2011-11-21 - Add-on Acquisition
Waukesha, Wisconsin · www.wacoscaf.com
The Plumbline Group of Co. 2011-03-07 - Buyout (LBO, MBO, MBI)
Calgary, Alberta · www.plumb-line.ca
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Energy Services and Equipment - - 3 (27%) -
Engineering - - 2 (18%) -
Manufacturing - - 2 (18%) -
Construction - - 1 (9%) -
Consumer Products - - 1 (9%) -
Distribution - - 1 (9%) -
Packaging - - 1 (9%) -
Total - - 11 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States - - 9 (82%) -
  Texas - - 2 (18%) -
  New York - - 2 (18%) -
  Connecticut - - 2 (18%) -
  Wisconsin - - 1 (9%) -
  Washington - - 1 (9%) -
  New Hampshire - - 1 (9%) -
Canada - - 1 (9%) -
  Alberta - - 1 (9%) -
Hong Kong - - 1 (9%) -
Domestic - - 9 (82%) -
Cross-border - - 2 (18%) -
Total - - 11 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) - - 5 (45%) -
Special Situations/Distressed - - 3 (27%) -
Recapitalization - - 2 (18%) -
Stake Purchase - - 1 (9%) -
Total - - 11 -

Exits by Deal Type

Type Total # Value
Trade Sale 4 (33%) -
Secondary Sale 3 (25%) -
Sold to Management 2 (17%) -
Unknown 2 (17%) -
Bankruptcy 1 (8%) -
Total 12 -

Top M&A Advisors

Legal Deals
Brown Rudnick LLP
1

M&A Connections

Deals %
Exited to
PE Firm(s)
43%
3 43%
Strategic(s)
57%
4 57%

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