M&A Deal Summary

A.Hak Industrial Services BV Acquires InTank

On November 6, 2011, A.Hak Industrial Services BV acquired business services company InTank from The Carlyle Group and Riverstone Holdings

Acquisition Highlights
  • This is A.Hak Industrial Services BV’s 1st transaction in the Business Services sector.
  • This is A.Hak Industrial Services BV’s 1st transaction in the United States.
  • This is A.Hak Industrial Services BV’s 1st transaction in Maryland.

M&A Deal Summary

Date 2011-11-06
Target InTank
Sector Business Services
Buyer(s) A.Hak Industrial Services BV
Sellers(s) The Carlyle Group
Riverstone Holdings
Deal Type Add-on Acquisition

Target

InTank

Laurel, Maryland, United States
InTANK, Inc. is a provider of in-service above ground storage-tank inspections and cleanings.

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Buyer(S) 1

Buyer

A.Hak Industrial Services BV

Tricht, Netherlands

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

A. Hak Industrial Services B.V. provides industrial, pipeline, and inspection services for (petro) chemical, refining, and pipeline industries.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Maryland M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1

Seller(S) 2

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 184 of 488
Sector: Business Services M&A 8 of 22
Type: Add-on Acquisition M&A Deals 90 of 202
State: Maryland M&A 7 of 10
Country: United States M&A 122 of 261
Year: 2011 M&A 23 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 Edelweiss Financial Services

Mumbai, India

Edelweiss Financial Services is an Indian domestic brokerage house and is fast emerging as a diversified financial services conglomerate. Edelweiss Financial Services was founded in 1995 and is based in Mumbai, Maharashtra.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-15 RMI

Atlanta, Georgia, United States

RMI LLC is an independent provider of accurate, reliable, comprehensive and secure rail information services to the transportation industry.

Sell -
SELLER

Riverstone Holdings

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 40.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Riverstone Holdings is a large specialist asset management and private equity firm focused on opportunities in the energy and power industry. Specific areas of interest include oil & gas exploration, midstream transportation/logistics, electric generation, energy & power service, power infrastructure, and energy & power technology. Riverstone Holdings was formed in 2000 and is based in New York, New York.


DEAL STATS #
Overall 23 of 61
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 11 of 32
State: Maryland M&A 1 of 3
Country: United States M&A 19 of 45
Year: 2011 M&A 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-07 Sapphire Power Holdings

Houston, Texas, United States

Sapphire Power Holdings is a private independent power company consisting of seven, mid-merit, natural gas-fired, combined cycle power generation units and one natural gas-fired, peaking unit. The Portfolio is located in the Northeast U.S. and has a nameplate capacity of 869.9 MW.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-28 Petroplus Holdings AG

Zug, Switzerland

Petroplus Holdings AG is an independent refiner and wholesaler of petroleum products based in Zug, Switzerland.

Sell -