M&A Deal Summary |
|
|---|---|
| Date | 2014-03-03 |
| Target | Thermal Product Solutions |
| Sector | Manufacturing |
| Buyer(s) |
Resilience Capital Partners
Tecum Capital |
| Sellers(s) | SPX Technologies |
| Deal Type | Divestiture |
| Deal Value | 43M USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2001 |
| PE ASSETS | 675M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Resilience Capital Partners is a private equity firm focused on investing in lower middle-market underperforming and turnaround situations. Resilience targets non-core divisions or subsidiaries, companies with severe operational issues, businesses suffering from insufficient management focus, and privately held companies with lack of access to capital. Sectors of interest include niche manufacturing, specialty chemicals, and industrial services. Prospective companies are generally located in North America with $25 to $250 million in revenue, and EBITDA typically under $20 million. Resilience Capital Partners was formed in 2001 and is located in Cleveland, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 41 |
| Sector (Manufacturing) | 1 of 5 |
| Type (Divestiture) | 7 of 8 |
| State (Pennsylvania) | 3 of 6 |
| Country (United States) | 23 of 40 |
| Year (2014) | 1 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-12-01 |
Affinity
Jeffersonville, Indiana, United States Affinity specializes in selling and distributing of occupational apparel and services, including the design, marketing, and distribution of customized and off-the-shelf apparel collections to customers through managed direct purchase uniform programs. Affinity was established in 1898 and is based in Jeffersonville, Indiana. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-08-21 |
Hynes Industries
Youngstown, Ohio, United States Hynes Industries is a manufacturer of custom and standard rolled formed shapes, slit coil and strip steel products, specialty wire, and flat wire shapes. Hynes was established in 1925 and is based in Youngstown, Ohio. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| PE ASSETS | 750M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Tecum Capital is a private equity firm focused on lower middle-market companies across the Eastern-US. Tecum will consider a variety of investment situations including leveraged buyouts, management buyouts, successions, strategic acquisitions, growth capital financings, and recapitalizations. Investment sizes range from $5 - $20 million. Industries of interest include manufacturing, plastics, specialty distribution, technology, healthcare services, defense, food, and business/consumer services. Tecum will not consider investments in start-ups or real estate. Tecum Capital was formed in 2005 and is based in Wexford, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 20 of 73 |
| Sector (Manufacturing) | 4 of 9 |
| Type (Divestiture) | 2 of 5 |
| State (Pennsylvania) | 12 of 24 |
| Country (United States) | 20 of 73 |
| Year (2014) | 2 of 8 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-29 |
Uncle Charley s Sausage Company
Vandergrift, Pennsylvania, United States Uncle Charley's Sausage Company LLC produces and distributes gourmet sausage and meat products to retail markets throughout six states, including Pennsylvania, West Virginia, Ohio, and Maryland. Uncle Charley's Sausage was established in 1988 and is based in Vandergrift, Pennsylvania. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-03-07 |
The Shamrock Companies
Westlake, Ohio, United States The Shamrock Companies, Inc. is a diversified business process outsourcing company that focuses on a vast array of marketing needs for its clients. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1912 |
| Sector | Machinery |
| Employees | 4,500 |
| Revenue | 1.5B USD (2022) |
SPX Technologies is a global supplier of highly specialized, engineered solutions for the energy and food/beverage industries. Key products include processing systems and components for the food and beverage industry, pumps, valves and filtration equipment used in oil and gas processing, power transformers used by utility companies, and cooling systems for power generation plants and HVAC applications. SPX Technologies was founded in 1912 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 19 of 23 |
| Sector (Manufacturing) | 7 of 7 |
| Type (Divestiture) | 19 of 23 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 15 of 17 |
| Year (2014) | 1 of 2 |
| Size (of disclosed) | 7 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-12-06 |
Service Solutions Segment SPX
Canton, Michigan, United States SPX's Service Solutions business develops, manufactures, and sells service equipment, repair-shop accessories, and software for the global automotive market. |
Sell | $1.2B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-21 |
PCX Aerostructures
Newington, Connecticut, United States PCX Aerostructures is a manufacturer of flight-critical and other essential components for rotorcraft and fixed-wing aerospace platforms serving military and commercial markets. PCX Aerostructures is based in Newington, Connecticut. |
Sell | $62M |
