M&A Deal Summary |
|
|---|---|
| Date | 2005-11-01 |
| Target | WL Plastics |
| Sector | Plastics |
| Buyer(s) |
Onex Falcon
Sequel Holdings |
| Sellers(s) | Merit Capital Partners |
| Deal Type | Secondary Buyout |
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| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 4.5B USD |
| Size | Large |
| Type | Sector Agnostic |
Onex Falcon is a mezzanine finance firm that provides junior capital for North American businesses. Falcon looks to provide $30 to $150 million of subordinated debt to companies with EBITDA of at least $10 million. Falcon has no specific industry focus. Investment proceeds are typically used to support LBOs/MBOs, growth and acquisition financings, restructuring, recapitalizations, take privates, and generational ownership transfers. Onex Falcon was formed in 2000 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 56 |
| Sector (Plastics) | 1 of 1 |
| Type (Secondary Buyout) | 2 of 8 |
| State (Texas) | 6 of 9 |
| Country (United States) | 14 of 53 |
| Year (2005) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-08-01 |
ATC Associates
Lafayette, Louisiana, United States ATC Associates is a multi-disciplinary science and engineering firm providing consulting services in geotechnical engineering, construction materials testing and special inspection, roofing and water proofing consulting, industrial hygiene and occupational health consulting, environmental management, and environmental health and safety training. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-11-16 |
LVI Services
New York City, New York, United States LVI Services, Inc. is a provider of cost-effective, schedule-efficient, high quality environmental remediation and facility services. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2002 |
| Size | Small |
| Type | Sector Agnostic |
Sequel Holdings LP is a private equity firm specializing in equity investments in profitable middle-market businesses. Sequel focuses primarily on companies in the food, beverage, agribusiness, plastics and other industrial sectors. Sequel Holdings was formed in 2002 and is based in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 12 |
| Sector (Plastics) | 1 of 2 |
| Type (Secondary Buyout) | 1 of 5 |
| State (Texas) | 1 of 2 |
| Country (United States) | 2 of 12 |
| Year (2005) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-10-19 |
Lakeview Farms
Delphos, Ohio, United States Lakeview Farms is a manufacturer of sour cream, dips, and refrigerated desserts and markets its products under store brands as well as its own brands. Lakeview Farms was founded in 1988 and is based in Delphos, Ohio. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-11-11 |
Homeowners of America
Irving, Texas, United States Homeowners of America is a Managing General Agent and insurance carrier hybrid with high margins and a capital-efficient reinsurance strategy that limits retained risk. HOA primarily operates in six states, including Texas, Arizona, North Carolina, South Carolina, Virginia, and Georgia. The company was founded in 2006 in Texas, a $10 billion homeowners insurance market, and was the 12th largest home insurer in Texas in 2019. HOA is licensed to operate in 31 states, positioning it for nationwide expansion as part of Porch. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 2.2B USD |
| Size | Large |
| Type | Sector Agnostic |
Merit Capital Partners is a private investment firm that targets investments in middle market manufacturing, distribution, and service based businesses. Merit looks for companies generating at least $25 million in sales and at least $4 million in EBITDA. Merit can provide both equity and junior capital financing and looks to commit at least $15 million per transaction. Prospective transaction situations include management buyouts, recapitalizations, growth financings, divestitures, unsponsored transactions, and ESOPs. Merit Capital will not invest in start-ups, turnarounds, real estate, specialty retail, or oil/gas opportunities. Merit Capital was originally known as William Blair Mezzanine Capital and became independent in 2004. Merit was formed in 1993 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 52 |
| Sector (Plastics) | 1 of 2 |
| Type (Secondary Buyout) | 6 of 20 |
| State (Texas) | 3 of 6 |
| Country (United States) | 11 of 51 |
| Year (2005) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-08-01 |
Peak Sulfur
Lawrence, Kansas, United States Peak Sulfur, Inc. is a manufacturer, trader, and distributor of sulfur-related products including commercial-grade sulfuric acid and ultra-pure sulfuric acid. Additionally, Peak Sulfur receives and regenerates sulfuric acid which has been used by refineries, and then sells fresh commercial acid back to the refinery. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-02-01 |
Rikco International
Mequon, Wisconsin, United States Dr. Comfort, LLC is a provider of therapeutic shoes and custom inserts primarily to the niche diabetic footwear segment. Headquartered in Mequon, Wisconsin, the Company serves the 21 million diabetics in the United States, of which roughly 25% will develop diabetes related foot problems, through a nationwide network of podiatrists and drugstores. |
Buy | - |
