Special Situations/Distressed • Energy Services and Equipment

ACON Investments Acquires Signal International

On February 3, 2003, private equity firm ACON Investments acquired energy services and equipment company Signal International

Acquisition Context
  • This is ACON Investments’ 2nd transaction in the Energy Services and Equipment sector.
  • This is ACON Investments’ 3rd transaction in the United States.
  • This is ACON Investments’ 1st transaction in Mississippi.

Explore All 19 Special Situations/Distressed Energy Services and Equipment Deals - Search the Database Free


M&A Deal Summary

Date February 3, 2003
Target Signal International
Sector Energy Services and Equipment
Buyer(s) ACON Investments
Deal Type Special Situations/Distressed

Target Company

Signal International

Pascagoula, Mississippi, United States
Acquired by ACON out of the bankruptcy estate of Freide Goldman Halter following their Chapter 11 bankruptcy, Signal International is a leading provider of conversion, retrofit, construction and repair services for offshore oil platforms in the Gulf of Mexico.
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Buyer Overview 1

Buyer

ACON Investments

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

ACON Investments is an international private equity firm that targets investments in the US, Europe, and Latin America. ACON's investment strategy covers 'opportunities at times of change - responding at points of inflection where value creation is possible'. Examples include businesses that serve the rapidly growing US Hispanic population, energy and energy service needs, businesses in need of operational help, and opportunities in Latin America resulting from economic deregulation and political liberalization. ACON's looks for companies where it can commit $20 to $150 million of equity capital. Target sectors include consumer products and services, distribution, business services and industrial manufacturing. ACON Investments was formed in 1996 and has offices in Washington DC; Houston, Texas; Los Angeles, California; and Madrid, Spain.


Deal Context for Buyer #
Overall 8 of 74
Sector: Energy Services and Equipment 2 of 6
Type: Special Situations/Distressed 2 of 3
State: Mississippi 1 of 1
Country: United States 3 of 43
Year: 2003 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-04-12 Telemundo Communications Group

Hialeah, Florida, United States

Telemundo Communications Group, Inc. is an American television network that broadcasts in Spanish. The network is the second-largest Spanish-language content producer in the world.

Sell $2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-01 ImpreMedia

Los Angeles, California, United States

ImpreMedia LLC is a news and Information company in the United States in Online and Print.

Buy -