M&A Deal Summary

Rotork Acquires Fairchild Industrial Products

On November 18, 2011, Rotork plc acquired manufacturing company Fairchild Industrial Products Co. from HighPoint Capital Management LLC, Wincove Private Holdings, Hampshire Equity Partners and Patriot Capital for 76M USD

Acquisition Highlights
  • This is Rotork’s 1st transaction in the Manufacturing sector.
  • This is Rotork’s 2nd largest (disclosed) transaction.
  • This is Rotork’s 5th transaction in the United States.
  • This is Rotork’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2011-11-18
Target Fairchild Industrial Products Co.
Sector Manufacturing
Buyer(s) Rotork plc
Sellers(s) HighPoint Capital Management LLC
Wincove Private Holdings
Hampshire Equity Partners
Patriot Capital
Deal Type Add-on Acquisition
Deal Value 76M USD

Target

Fairchild Industrial Products Co.

Winston-Salem, North Carolina, United States
website
Fairchild Industrial Products Co. is a designer and manufacturer of pneumatic and electro-pneumatic industrial control products and power transmission products. Fairchild's products are sold to a variety of end user markets, including the food processing, pharmaceutical, oil and gas, paper and pulp, textile, and automotive industries.

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Buyer(S) 1

Buyer

Rotork plc

Bath, United Kingdom

website


Category Company
Founded 1957
SectorManufacturing
Employees3,400
Revenue 605M GBP (2020)
DESCRIPTION

Rotork is the market actuator manufacturer and flow control company that operates in any market where the flow of gasses or liquids needs to be controlled. It has established manufacturing facilities, a global network of local offices and agents who can truly provide a worldwide service. You will be able to locally source Rotork's products, supported by life-of-plant maintenance, repair and upgrade services. Rotork was founded in 1957 and is based in Bath, the United Kingdom.


DEAL STATS #
Overall 10 of 21
Sector (Manufacturing) 1 of 3
Type (Add-on Acquisition) 9 of 18
State (North Carolina) 1 of 1
Country (United States) 5 of 6
Year (2011) 5 of 6
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-25 K-Tork International, Inc.

Dallas, Texas, United States

K-Tork International Inc is a well established manufacturer of pneumatic vane-type actuators and damper drive systems, serving a wide range of industries and utilities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-30 Prokits Ltd

Mansfield, United Kingdom

Prokits Ltd, is a designer and manufacturer of valve adaptor kits and accessories for the valve industry, based in Mansfield, UK.

Buy -

Seller(S) 4

SELLER

HighPoint Capital Management LLC

Boston, Massachusetts, United States


Category Private Equity Firm
Founded 2004
SizeSmall
Type Sector Agnostic
DESCRIPTION

HighPoint Capital LLC is a specialty finance company that provides capital for internal growth needs, refinancings, strategic acquisitions, management buyouts and dividend recapitalizations. HighPoint provides cash flow and asset based senior and subordinated term loans ranging between $2 and $10 million for lower middle market companies. The firm focuses on companies with $10 to $100 million of revenue and EBITDA of $2 to $10 million. HighPoint Capital was formed in 2004 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 3 of 13
Sector (Manufacturing) 2 of 4
Type (Add-on Acquisition) 2 of 7
State (North Carolina) 1 of 1
Country (United States) 3 of 13
Year (2011) 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-03 Solidscape, Inc.

Merrimack, New Hampshire, United States

Solidscape, Inc. manufactures rapid prototyping systems that produce small, resin parts. The Company's equipment is particularly effective in making high-precision parts that require dimensional accuracy and a high quality surface finish.

Sell $38M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-05 Double E Company LLC

West Bridgewater, Massachusetts, United States

Double E Company LLC is a manufacturer of highly-engineered components for web converting applications. Double E’s product offering includes critical wear components such as chucks, brakes, shafts, slitters, web guides, core cutters and roll movers. These products secure, straighten, apply tension, cut and move rolled raw materials through continuous manufacturing processes. Double E was established in 1972 and is headquartered in West Bridgewater, Massachusetts.

Sell -
SELLER

Wincove Private Holdings

New York, New York, United States

Investor Investor

website


Category Private Equity Firm
Founded 2008
SizeSmall
Type Sector Agnostic
DESCRIPTION

Wincove Private Holdings is an independent private equity firm that invests in smaller, profitable companies in partnership with management. Wincove looks to support family and/or seller succession transactions, recapitalizations, management buyouts, consolidations, and corporate divestitures. Wincove is a generalist firm, and will consider opportunities in a variety of industries. The Firm targets companies located in the US and Canada. Prospective companies typically have less then $50 million in revenue. Wincove Private Holdings was formed in 2008 and is based in New York City.


DEAL STATS #
Overall 2 of 6
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (North Carolina) 1 of 1
Country (United States) 2 of 6
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-15 Impact Products LLC

Toledo, Ohio, United States

Impact Products is a manufacturer and distributor of branded and private label commercial cleaning and maintenance accessories, safety & personal protection products (PPE) for use in the janitorial, foodservice, healthcare, industrial, school, hospitality, commercial office, and retail end markets. Impact offers a comprehensive and well-recognized brand portfolio, consisting of ProGuard, Malt, Layflat, DiversaMed, Foameeze, Naturelle, Eclipse, and Rest Assured.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-14 Homecare Software Solutions LLC

Long Island City, New York, United States

HHA eXchange is a homecare management software solution for the Medicaid LTSS population. The company acts as a single source of truth in connecting payers, providers, and patients through an intuitive web-based platform, enabling unparalleled communication, transparency, and visibility. HHA eXchange was formed ion 2007 and is based in Long Island City, New York.

Buy -
SELLER

Hampshire Equity Partners

Greenwich, Connecticut, United States

website


Category Private Equity Firm
Founded 1990
PE ASSETS 730M USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Hampshire Equity Partners invests in buyouts, recapitalizations, growth financings, consolidations, and corporate restructurings of established public and private companies. Hampshire Equity focuses on investing in companies with annual sales of $25 to $150 million and EBITDA of $3 to $15 million. Hampshire Equity's target investment size is $10 to $25 million. Industries of interest include basic manufacturing, media and telecommunications, specialty retailing, healthcare, business services, and consumer products. Hampshire Equity Partners was formed in 1990 and is based in New York City.


DEAL STATS #
Overall 10 of 11
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (North Carolina) 1 of 1
Country (United States) 10 of 11
Year (2011) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-15 Impact Products LLC

Toledo, Ohio, United States

Impact Products is a manufacturer and distributor of branded and private label commercial cleaning and maintenance accessories, safety & personal protection products (PPE) for use in the janitorial, foodservice, healthcare, industrial, school, hospitality, commercial office, and retail end markets. Impact offers a comprehensive and well-recognized brand portfolio, consisting of ProGuard, Malt, Layflat, DiversaMed, Foameeze, Naturelle, Eclipse, and Rest Assured.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-09 Cost Plus, Inc.

Alameda, California, United States

Cost Plus, Inc. is a specialty retailer of casual home furnishings and entertainment products in the United States. The Company operates more than 250 stores under the names World Market, Cost Plus World Market, Cost Plus Imports, and World Market Stores in 30 states. Cost Plus was formed in 1946 and is based in Oakland, California.

Sell $550M
SELLER

Patriot Capital

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
SizeLarge
Type Sector Agnostic
DESCRIPTION

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $3 to $20 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.


DEAL STATS #
Overall 9 of 42
Sector (Manufacturing) 1 of 4
Type (Add-on Acquisition) 7 of 26
State (North Carolina) 1 of 3
Country (United States) 9 of 42
Year (2011) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-03 Vantage Media LLC

El Segundo, California, United States

Vantage Media is a leading search engine marketing company, providing customized, web-based customer acquisition solutions to hundreds of clients throughout the world. The company has developed a proprietary search engine optimization technology, which enables it to focus its efforts on high quality leads versus lower-quality alternatives. As a result, the company is able to provide substantial benefits to its clients by increasing customer acquisition leads while simultaneously reducing customer acquisition costs. Vantage currently manages more than 40 million keywords yielding over one billion impressions per year and is one of the largest providers of search-based marketing leads for educational institutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Expert JMS

Knoxville, Tennessee, United States

Expert JMS is a provider of outsourced facility services to customers in the retail, health care and commercial sectors.

Buy -