M&A Deal Summary |
|
|---|---|
| Date | 2019-01-01 |
| Target | CiDRA |
| Sector | Test/Measurement Equipment |
| Buyer(s) | Advantage Capital Partners |
| Sellers(s) | Expro International Group |
| Deal Type | Divestiture |
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| Category | Growth Capital Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 2.6B USD |
| Size | Large |
| Type | Sector Agnostic |
Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.
| DEAL STATS | # |
|---|---|
| Overall | 225 of 272 |
| Sector (Test/Measurement Equipment) | 5 of 5 |
| Type (Divestiture) | 3 of 4 |
| State (Connecticut) | 20 of 23 |
| Country (United States) | 224 of 270 |
| Year (2019) | 6 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-01-01 |
mTrade
Oxford, Mississippi, United States mTrade focuses on improving the way organizations buy, sell, and analyze whole loans. mTrade solutions optimize your mortgage trading and collaboration process. mTrade was founded in 2016 and is based in Oxford, Mississippi. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-02-08 |
Covetrus
Portland, Maine, United States Covetrus is a provider of technology-enabled healthcare services for companion and equine veterinary practitioners. The company partners with veterinarians to create insight into gaps in patient care and offer professionalized pro-active prescription management to drive client engagement and improve compliance. Covetrus was formed in 2010 and is based in Portland, Maine. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1973 |
| Sector | Oil/Gas Exploration |
Exploration & Production Services - was owned by Flextech. The company provided a small, highly specialised range of services to the oil and gas industry worldwide, including major oil companies such as BP and Shell. Because of the highly specialised nature of its services, Expro was able to command high margins and had been consistently well managed and profitable for a number of years.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Test/Measurement Equipment) | 1 of 1 |
| Type (Divestiture) | 1 of 2 |
| State (Connecticut) | 1 of 1 |
| Country (United States) | 1 of 2 |
| Year (2019) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-01-16 |
CiDRA
Wallingford, Connecticut, United States CiDRA develops instrumentation solutions for measurement, monitoring, and control applications. The company offers flow and entrained air measurement, entrained air measurement, and grind management products. CiDRA was founded in 1990 and is based in Wallingford, Connecticut. |
Buy | $61M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-11-17 |
Expro International Group - PowerChokes Business
Texas, United States Expro International Group's PowerChokes Business consists of pressure control-related product sales and service, along with a rental offering of good control and MPD equipment. PowerChokes product sales and services are provided for various domestic, offshore, and international drilling markets, and will soon be introducing new products for the completion and production pressure control markets. |
Sell | - |
