M&A Deal Summary

One Equity Partners Acquires AMECO

On May 4, 2021, private equity firm One Equity Partners acquired machinery company AMECO from Fluor for 73M USD

Acquisition Highlights
  • This is One Equity Partners’ 3rd transaction in the Machinery sector.
  • This is One Equity Partners’ 16th largest (disclosed) transaction.
  • This is One Equity Partners’ 57th transaction in the United States.
  • This is One Equity Partners’ 1st transaction in South Carolina.

M&A Deal Summary

Date 2021-05-04
Target AMECO
Sector Machinery
Buyer(s) One Equity Partners
Sellers(s) Fluor
Deal Type Divestiture
Deal Value 73M USD

Target

AMECO

Greenville, South Carolina, United States
AMECO's corporate headquarters in Greenville, South Carolina.
AMECO's corporate headquarters in Greenville, South Carolina.
AMECO is a full-service provider of construction equipment, scaffolding, small tools management and total site solutions to capital construction project owners, contractors and ongoing plant operators in the chemical, power, energy, life sciences and advanced manufacturing sectors across the U.S. and Canada. AMECO was founded in 1947 and is based in Greenville, South Carolina.

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Buyer(S) 1

Buyer

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $150 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York, New York.


DEAL STATS #
Overall 95 of 131
Sector (Machinery) 3 of 6
Type (Divestiture) 18 of 29
State (South Carolina) 1 of 1
Country (United States) 57 of 78
Year (2021) 2 of 9
Size (of disclosed) 16 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-21 Gordian Medical

Irvine, California, United States

Gordian Medical is a provider of advanced wound care, ostomy, urology, and tracheostomy supplies and services. AMT provides both critical care supplies and clinical support services to skilled nursing facilities and other post-acute care settings across the United States. The Company assists healthcare providers in managing the treatment of more than 250,000 wounds annually. Gordian Medical was founded in 1994 and is based in Irvine, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-05 Intren

Union, Illinois, United States

Intren is a utility specialty contractor primarily providing electrical distribution network services under various multi-year master service agreements to the nation's largest utilities, municipalities, and cooperatives. Intren was founded in 1988 and is based in Union, Illinois.

Sell $420M

Seller(S) 1

SELLER

Fluor

Irving, Texas, United States

Category Company
Founded 1912
Sector Engineering
Employees30,187
Revenue 15.5B USD (2023)
DESCRIPTION
Fluor's campus in Greenville, South Carolina.
Fluor's campus in Greenville, South Carolina.

Fluor provides engineering, procurement, construction, maintenance (EPCM), and project management to governments and clients in diverse industries around the world. Fluor develops and implements solutions for complex project issues in diverse industries, including chemicals and petrochemicals, commercial and institutional (C&I), government services, life sciences, manufacturing, mining, oil and gas, power, renewable energy, telecommunications, and transportation infrastructure. Fluor was founded in 1912 and is based in Irving, Texas.


DEAL STATS #
Overall 3 of 6
Sector (Machinery) 1 of 1
Type (Divestiture) 2 of 4
State (South Carolina) 1 of 1
Country (United States) 2 of 3
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-25 Seagreen Wind Energy

Reading, United Kingdom

Seagreen Wind Energy is a developer of an offshore wind development zone located about 16 miles off the Angus coast of Scotland. Seagreen Wind Energy is based in Reading, England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-08 NuScale Power

Portland, Oregon, United States

NuScale Power is a nuclear plant, a smaller, scalable version of pressurized water reactor technology, designed with natural safety features. NuScale Power was founded in 2007 and is based in Portland, Oregon.

Sell -