M&A Deal Summary

TGF Management Acquires Orion Marine

On October 1, 2004, private equity firm TGF Management acquired marine company Orion Marine for 32M USD

Acquisition Highlights
  • This is TGF Management’s 1st transaction in the Marine sector.
  • This is TGF Management’s 3rd largest (disclosed) transaction.
  • This is TGF Management’s 18th transaction in the United States.
  • This is TGF Management’s 10th transaction in Texas.

M&A Deal Summary

Date 2004-10-01
Target Orion Marine
Sector Marine
Buyer(s) TGF Management
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 32M USD

Target

Orion Marine

Houston, Texas, United States
Orion Marine is an operator and maintains a fleet of more than 400 pieces of specialized marine equipment. Its specialty services include salvage, demolition, diving, surveying, towing and underwater inspection, excavation and repair. Orion Marine was founded in 1994 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

TGF Management

Austin, Texas, United States

Category Private Equity Firm
Founded 1992
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

TGF Management is a private equity firm focused on management buyouts and recapitalizations of profitable, middle-market companies generating sales of $50 to $250 million and EBITDA of $5 of $25 million. Areas of interest include manufacturing, distribution, construction, industrial service, outsourced business services, food, and consumer products. TGF's target investment size is $25 to $100 million and the Firm's geographic focus is on opportunities in the Southwest US. TGF will not invest in oil/gas exploration and production companies, real estate, and businesses with 'significant technology risk'. TGF Management was formed in 1992 and is based in Austin, Texas.


DEAL STATS #
Overall 18 of 22
Sector: Marine M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 7
State: Texas M&A 10 of 13
Country: United States M&A 18 of 22
Year: 2004 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-23 Lofland Acquisition

Houston, Texas, United States

Lofland Acquisition, Inc. is a distributor of steel rebar and other construction related products.

Sell $47M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-06 ENSR International

Westford, Massachusetts, United States

ENSR International Corp. is an environmental consulting firm focused on the corporate market. ENSR provides comprehensive services to meet the environmental needs of corporate clients in areas such as capital permitting, risk assessment, due diligence, air quality, hazardous waste, and process engineering.

Sell -