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M&A Deal Summary

Pfingsten Partners Acquires Diamond Assets

On January 5, 2018, private equity firm Pfingsten Partners acquired information technology company Diamond Assets

Acquisition Highlights
  • This is Pfingsten Partners’ 1st transaction in the Information Technology sector.
  • This is Pfingsten Partners’ 45th transaction in the United States.
  • This is Pfingsten Partners’ 3rd transaction in Wisconsin.

M&A Deal Summary
Date 2018-01-05
Target Diamond Assets
Sector Information Technology
Buyer(s) Pfingsten Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Houlihan Capital (Financial)

Target

Diamond Assets

Milton, Wisconsin, United States
Diamond Assets is a provider of IT asset reclamation, refurbishment, and distribution services. Diamond partners with organizations in the education, enterprise and government sectors to maximize the residual value of their IT devices. Diamond Assets was established in 2014 and is based in Milton, Wisconsin.

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Buyer(S) 1

Buyer

Pfingsten Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Pfingsten's office building at 300 North LaSalle in Chicago.
Pfingsten's office building at 300 North LaSalle in Chicago.

Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.

DEAL STATS #
Overall 45 of 58
Sector: Information Technology M&A 1 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 30 of 32
State: Wisconsin M&A 3 of 4
Country: United States M&A 45 of 58
Year: 2018 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 AP+M

Boynton Beach, Florida, United States

AP+M is an independent stocking distributor of both heavy-duty and aeroderivative gas turbine parts. AP+M was established in 1990 and is based in Boynton Beach, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 Quality Valve

Mobile, Alabama, United States

Quality Valve is a distributor of OEM replacement parts for safety and relief valves repair companies. The company utilizes its significant product knowledge, industry-leading selection of parts and quick-turn capabilities to help customers react to valve repairs and ensure safety for end-users around world. Quality Valve was founded in 1994 and is based in Mobile, Alabama.

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