M&A Deal Summary

ABB Acquires SEAM Group

On February 20, 2024, ABB acquired business services company SEAM Group from Align Capital Partners and Five Points Capital

Acquisition Highlights
  • This is ABB’s 2nd transaction in the Business Services sector.
  • This is ABB’s 12th transaction in the United States.
  • This is ABB’s 1st transaction in Ohio.

M&A Deal Summary

Date 2024-02-20
Target SEAM Group
Sector Business Services
Buyer(s) ABB
Sellers(s) Align Capital Partners
Five Points Capital
Deal Type Add-on Acquisition
Advisor(s) Lincoln International
Cowen Group, Inc. (Financial)
Calfee, Halter & Griswold (Legal)

Target

SEAM Group

Beachwood, Ohio, United States
SEAM Group provides an unparalleled approach to strategic enterprise asset management, ensuring a safe environment while achieving improved utilization, enhanced performance and reliability all while reducing costs. SEAM specializes in electrical safety, predictive maintenance programs, reliability consulting and repair services; each supported by patented software systems ensuring program metrics. SEAM Group was formed in 1993 and is based in Beachwood, Ohio.

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Buyer(S) 1

Buyer

ABB

Zurich, Switzerland

Category Company
Founded 1883
Sector Engineering
Employees108,700
Revenue 32.2B USD (2023)
DESCRIPTION
Entrance to ABB's headquarters in Zurich, Switzerland.
Entrance to ABB's headquarters in Zurich, Switzerland.

ABB is an engineering company that helps customers use electrical power effectively and increase industrial productivity in a sustainable way. ABB creates and supports a range of products, systems and services that increase energy efficiency, reliability and productivity for a variety of industrial, utility, and transport and infrastructure customers. ABB was founded in 1883 and is based in Zurich, Switzerland.


DEAL STATS #
Overall 37 of 38
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 34 of 35
State (Ohio) 1 of 1
Country (United States) 12 of 13
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-19 PowerTech Converter

Berlin, Germany

PowerTech Converter provides electric power supply systems for automotive vehicles. PowerTech Converter is based in Berlin, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-05 Aurora Motors

Hayward, California, United States

Aurora Motors is a vertical pump motors provider for a wide range of industrial and agricultural applications, with engineering and operations in Shanghai, China. Aurora Motors was founded in 1987 and is based in Hayward, California.

Buy -

Seller(S) 2

SELLER

Align Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2016
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Align Capital Partners is a private equity firm focused on growth-oriented companies with recurring products and services. Align will consider companies with $3 to $15 million of EBITDA headquartered in the US or Canada. Sectors of interest include aerospace, defense, medical products, energy services, business services, chemicals, packaging, building materials, transportation, utility products/services, niche manufacturing, and value-added distributors. Align Capital Partners is based in Dallas, Texas.


DEAL STATS #
Overall 9 of 9
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 5 of 5
State (Ohio) 2 of 2
Country (United States) 9 of 9
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-24 Counsel Press

New York, New York, United States

Counsel Press is a provider of preparing, filing, and serving appeals in state and federal appellate courts nationwide and several international tribunals through its experienced staff of attorneys, appellate consultants and appellate paralegals. Counsel Press was founded in 1938 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-04 MKB Company

Belleville, Pennsylvania, United States

MKB Company is a provider of products and services in the environmental control market. The Company’s products are used in perimeter control, sediment management, erosion control, and pollution control markets. MKB Company was founded in 2012 and is based in Belleville, Pennsylvania.

Buy -
SELLER

Five Points Capital

Winston-Salem, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.


DEAL STATS #
Overall 56 of 58
Sector (Business Services) 8 of 9
Type (Add-on Acquisition) 23 of 24
State (Ohio) 2 of 2
Country (United States) 56 of 58
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-18 Revela Foods

New Berlin, Wisconsin, United States

Revela Foods is a provider of dairy flavorings, cheese sauces, seasonings, and functional cheese. Revela Foods provides customers with a full-service cheese ingredient offering from product development through final manufacturing. Revela Foods was founded in 1986 and is based in New Berlin, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-09 JSI

Greenbelt, Maryland, United States

JSI is a provider of regulatory and compliance consulting services to telecommunications providers in rural communities across the US. JSI's deep knowledge of the telecom industry and rural broadband markets is a key differentiator benefiting its longstanding client base. The company also provides financial, business management and executive management training services to its client base. JSI was founded in 1962 and is headquartered in Greenbelt, Maryland.

Sell -