M&A Deal Summary

Oak Hill Capital Acquires Safe Fleet

On January 9, 2018, private equity firm Oak Hill Capital acquired safety/security company Safe Fleet from The Sterling Group

Acquisition Highlights
  • This is Oak Hill Capital’s 3rd transaction in the Safety/Security sector.
  • This is Oak Hill Capital’s 50th transaction in the United States.
  • This is Oak Hill Capital’s 1st transaction in Missouri.

M&A Deal Summary
Date 2018-01-09
Target Safe Fleet
Sector Safety/Security
Buyer(s) Oak Hill Capital
Sellers(s) The Sterling Group
Deal Type Secondary Buyout
Advisor(s) Morgan Stanley
Harris Williams & Co. (Financial)
Willkie Farr & Gallagher LLP (Legal)

Target

Safe Fleet

Belton, Missouri, United States
website
Safe Fleet is a provider of safety solutions for fleet vehicles. Safe Fleet owns a portfolio of brands that help its customers improve the safety and efficiency of their fleets, their operators, passengers and pedestrians. Safe Fleet was founded in 2013 and is based in Belton, Missouri.

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Buyer(S) 1

Buyer

Oak Hill Capital

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1986
PE ASSETS 9.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.

DEAL STATS #
Overall 57 of 72
Sector (Safety/Security) 3 of 3
Type (Secondary Buyout) 19 of 24
State (Missouri) 1 of 1
Country (United States) 50 of 65
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 EPIC Insurance Brokers & Consultants

San Francisco, California, United States

EPIC Insurance Brokers & Consultants is a unique and innovative retail property & casualty and employee benefits insurance brokerage and consulting firm. EPIC's expertise across key lines of insurance, including risk management, property and casualty, employee benefits, unique specialty program insurance, and private client services. EPIC Insurance Brokers & Consultants was founded in 2007 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-29 Paragon

Avon, Connecticut, United States

Paragon provides unique opportunities and solutions to retail agents, insurance carriers, reinsurers and vendor partners. Paragon was founded in 20154 and is based in Avon, Connecticut.

Buy -

Seller(S) 1

SELLER

The Sterling Group

Houston, Texas, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1982
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Sterling Group is a private equity firm focused on acquiring middle-market businesses within basic manufacturing, industrial services, and distribution. Sterling looks for companies valued from $100 to $750 million with positive cash-flow, strong market positions, and potential to grow. Sterling avoids investments in financial services, real estate, healthcare, or information technology companies. The Sterling Group was formed in 1982 and is based in Houston, Texas.

DEAL STATS #
Overall 24 of 29
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 10 of 15
State (Missouri) 1 of 1
Country (United States) 21 of 26
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Tangent Technologies

Aurora, Illinois, United States

Tangent Technologies LLC is a premier provider of plastic lumber solutions serving the outdoor living market. Tangent manufactures high-density polyethylene (“HDPE”) lumber used for outdoor furniture, site amenities, structural applications, and marine decking.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 Specified Air Solutions

Buffalo, New York, United States

Specified Air Solutions is a multi-branded, commercial and industrial HVAC equipment manufacturer focused on providing end users with semi-custom, energy efficient solutions for indoor air quality, cooling, heating, and dehumidification needs. The company's diverse product offering is utilized in a range of niche market applications, including education, hospitality, distribution warehouses, retail, community centers, vehicle service shops, commercial offices, and manufacturing facilities. Specified Air Solutions was founded in 1923 and is based in Buffalo, New York.

Sell -
Mergr

Product

Company

Legal