M&A Deal Summary

Lubar Acquires Erdman

On April 3, 2012, private equity firm Lubar & Co. acquired business services company Erdman Corp. from Cogdell Spencer, Inc.

Acquisition Highlights
  • This is Lubar’s 2nd transaction in the Business Services sector.
  • This is Lubar’s 14th transaction in the United States.
  • This is Lubar’s 5th transaction in Wisconsin.

M&A Deal Summary

Date 2012-04-03
Target Erdman Corp.
Sector Business Services
Buyer(s) Lubar & Co.
Sellers(s) Cogdell Spencer, Inc.
Deal Type Divestiture

Target

Erdman Corp.

Madison, Wisconsin, United States
website
Erdman Corp. is a healthcare planning, development, and design-build firm, partnering with hospitals, integrated health systems, and physician groups to provide optimal healthcare facility solutions. Erdman was founded in 1951 and is based in Madison, Wisconsin.

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Buyer(S) 1

Buyer

Lubar & Co.

Milwaukee, Wisconsin, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1968
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Lubar & Co. is a private investment firm that seeks control or minority investments in Midwest US-based companies from the Great Lakes to Texas. The Firm looks for businesses with at least $15 million of revenue and valued between $15 and $100 million. Sectors of interest include niche manufacturing, business services, energy, architecture/engineering/construction, healthcare products and services, and asset management. Prospective transaction situations can include management buyouts, generational changes of ownership, recapitalizations, corporate divestitures, late-stage growth equity, and co-investments with other private equity firms. Lubar & Co. was formed in 1968 and is based in Milwaukee, Wisconsin.


DEAL STATS #
Overall 14 of 15
Sector (Business Services) 2 of 2
Type (Divestiture) 2 of 2
State (Wisconsin) 5 of 6
Country (United States) 14 of 15
Year (2012) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-02 Cogdell Spencer, Inc.

Charlotte, North Carolina, United States

Cogdell Spencer specializes in the ownership, development, acquisition, management, and leasing of medical office buildings and healthcare related facilities.

Sell $770M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-19 Hallador Energy Co.

Terre Haute, Indiana, United States

Hallador Energy is a mining company engaged in coal mining in the state of Indiana serving the electric power generation industry. Hallador Energy was foundd in 1949 and is based in Terre Haute, Indiana.

Sell -

Seller(S) 1

SELLER

Cogdell Spencer, Inc.

Charlotte, North Carolina, United States

Category Company
Founded 2005
SectorReal Estate
Employees370
DESCRIPTION

Cogdell Spencer specializes in the ownership, development, acquisition, management, and leasing of medical office buildings and healthcare related facilities.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-13 Erdman Corp.

Madison, Wisconsin, United States

Erdman Corp. is a healthcare planning, development, and design-build firm, partnering with hospitals, integrated health systems, and physician groups to provide optimal healthcare facility solutions. Erdman was founded in 1951 and is based in Madison, Wisconsin.

Buy $247M