M&A Deal Summary

Nautic Partners Acquires AKAM

On February 14, 2020, private equity firm Nautic Partners acquired real estate company AKAM

Acquisition Highlights
  • This is Nautic Partners’ 1st transaction in the Real Estate sector.
  • This is Nautic Partners’ 61st transaction in the United States.
  • This is Nautic Partners’ 3rd transaction in New York.

M&A Deal Summary

Date 2020-02-14
Target AKAM
Sector Real Estate
Buyer(s) Nautic Partners
Deal Type Recapitalization
Advisor(s) Piper Sandler & Co. (Financial)
Hunton Andrews Kurth (Legal)

Target

AKAM

New York, New York, United States
AKAM is a provider of residential property management, commercial management and leasing, capital project management, and sales and brokerage services. AKAM Living Services was founded in 1983 and is based in New York.

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Buyer(S) 1

Buyer

Nautic Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Nautic Partners is a private equity firm focused on middle-market company investments based in the US. Nautic looks to invest $50 to $400 million of equity in businesses valued between $100 million and $1 billion. Nautic's industry focus is business services, manufacturing, healthcare, and communications. Prospective investment structures include buyouts, recapitalizations, consolidations, and growth financings. Nautic prefers majority investment positions. Nautic Partners was formed in 1986 and is based in Providence, Rhode Island.


DEAL STATS #
Overall 62 of 76
Sector (Real Estate) 1 of 1
Type (Recapitalization) 5 of 6
State (New York) 3 of 3
Country (United States) 61 of 75
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-18 Spartech

St. Louis, Missouri, United States

Spartech is a producer of plastic products including polymeric compounds, concentrates, custom extruded sheet and roll stock products, and packaging solutions for a wide spectrum of customers. Spartech was founded in 1960 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Harrington

Chino, California, United States

Harrington is a distributor of industrial products for corrosive and high-purity applications. The company distributes and fabricates products that move fluids in corrosive and high-purity process applications. Products include thermoplastic pipes, valves, fittings, tanks, tubing and hose, pumps, filtration, and instrumentation. Harrington was formed in 1959 and is based in Chino, California.

Buy -