M&A Deal Summary |
|
|---|---|
| Date | 2021-11-19 |
| Target | Premium Inspection & Testing |
| Sector | Test/Measurement Equipment |
| Buyer(s) | Acuren |
| Sellers(s) |
Ninth Street Capital Partners
Calvert Street Capital Partners Patriot Capital |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1974 |
| Sector | Test/Measurement Equipment |
| Employees | 5,100 |
Acuren is a provider of non-destructive testing and related services to energy and industrial end markets in North America. Acuren serves over 8,000 individual customer sites through its 84 field offices in the United States, Canada, and the United Kingdom. Acuren was founded in 1974 and is based in Tomball, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 4 |
| Sector (Test/Measurement Equipment) | 1 of 2 |
| Type (Add-on Acquisition) | 2 of 4 |
| State (Louisiana) | 1 of 2 |
| Country (United States) | 2 of 4 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-01-01 |
M&M Engineering Associates
Leander, Texas, United States M&M Engineering Associates, Inc. is a U.S. provider of field and lab engineering services to the power generation, pulp and paper, chemical, and manufacturing segments. Through its state-of-the-art integrity management, shutdown planning and failure analysis capabilities, M&M Engineering helps clients manage operational risk while reducing their overall cost of operation. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-11-01 |
Versa Integrity Group
Lake Charles, Louisiana, United States Versa Integrity Group offers a full range of inspection and maintenance repair services to industrial, refining and chemical plants, offshore oil platforms, and other industries including nondestructive evaluation (“NDE”) inspection, automated ultrasonic testing and high-end evaluation technologies such as a phased array, time of flight diffraction, and rope access. Versa Integrity Group is based in Lake Charles, Louisiana. |
Buy | - |
Ninth Street Capital Partners is a private investment firm focused on acquiring established, profitable lower middle-market companies with $5 to $50 million in revenue. Ninth Street is a generalist investor and seeks companies operating in fragmented sectors, with low cyclicality and external risk factors. Target investment situations include owners looking to retire or in need of liquidity, or owners in need of additional management and expertise and looking for a partner to pursue growth opportunities. Ninth Street Capital Partners is based in Orange Village, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Test/Measurement Equipment) | 1 of 1 |
| Type (Add-on Acquisition) | 3 of 3 |
| State (Louisiana) | 1 of 1 |
| Country (United States) | 3 of 3 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-03-07 |
O’Keefe
River Falls, Wisconsin, United States O’Keefe, Inc. is a designer, manufacturer, and sells finely crafted commercial millwork products to general contractors, architects, and builders. O’Keefe, Inc. is based in River Falls, Wisconsin. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-10-06 |
SwiftMotion
Berkeley, California, United States SwiftMotion designs accurate ergonomic and safety risk assessment tools for enterprises and workers' compensation insurance providers. SwiftMotion's full-body motion capture systems along with the ability to capture loads handled in workplaces dramatically simplify the assessment process and drives effective interventions. SwiftMotion is based in Berkeley, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 526M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Calvert Street Capital Partners (CSCP) is a private equity firm that invests in mid-sized companies. CSCP will consider opportunities across the US with a preference for opportunities located in the Eastern US. The Firm generally targets investments in scalable niche manufacturing, industrial, and business service companies. CSCP looks to invest $15 to $50 million per transaction. CSCP will not invest in start-ups, early stage venture capital, real estate or in companies that develop rapidly changing technology. Calvert Street Capital Partners was formed in 1995 and is based in Baltimore, Maryland.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 11 |
| Sector (Test/Measurement Equipment) | 2 of 2 |
| Type (Add-on Acquisition) | 7 of 7 |
| State (Louisiana) | 1 of 1 |
| Country (United States) | 10 of 10 |
| Year (2021) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-17 |
Machine Specialties
Whitsett, North Carolina, United States Machine Specialties is a manufacturer of high-precision components for customers in the aerospace and defense, medical, packaging, and industrial industries. With a vast array of CNC milling, turning, grinding, finishing, and assembly capabilities complemented by engineering and prototyping services, MSI can handle the smallest components going into satellite and medical applications to very large parts such as landing gear for military cargo planes. Machine Specialties was founded in 1969 and is based in Whitsett, North Carolina. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-07-25 |
Rowland
Pinellas Park, Florida, United States Rowland is a provider of underground infrastructure services to municipal owners in West Central Florida. It has completed hundreds of millions of dollars worth of projects for governmental owners in the areas of manhole rehabilitation, lift station rehabilitation, sanitary sewer construction, storm sewer construction, water main construction, reclaimed water construction, concrete construction, road building, and emergency water and sewer repair. Rowland was formed in 1987 and is based in Pinellas Park, Florida. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Size | Large |
| Type | Sector Agnostic |
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 $5 to $25 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 | 44 of 50 |
| Sector (Test/Measurement Equipment) | 1 of 1 |
| Type (Add-on Acquisition) | 26 of 29 |
| State (Louisiana) | 1 of 1 |
| Country (United States) | 44 of 50 |
| Year (2021) | 6 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-09 |
Union Corrugating
Fayetteville, North Carolina, United States Union Corrugating is a manufacturer of metal roofing systems and roofing components for use in residential, commercial, and post-frame/agricultural applications. Union Corrugating was founded in 1946 and is based in Fayetteville, North Carolina. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-10 |
Alto Health Care Staffing
Dayton, Ohio, United States Alto Health Care Staffing is a diversified healthcare staffing firm. Alto's three key business lines include providing clinical temporary staffing primarily for nursing homes and long-term care facilities on a per diem or short-term contract basis; travel nurses primarily to hospitals; and medical assistants to doctors' offices. Alto Health Care Staffing was founded in 2003 and is based in Dayton, Ohio. |
Buy | - |
