Consolidation • Distribution

AEA Investors and Harvey & Company Acquire Meritus Gas Partners

On December 31, 2020, private equity firm AEA Investors and merchant bank Harvey & Company acquired distribution company Meritus Gas Partners

Acquisition Context
  • This is AEA Investors’ 18th and Harvey & Company’s 2nd transaction in the Distribution sector.
  • This is AEA Investors’ 86th and Harvey & Company’s 51st transaction in the United States.
  • This is AEA Investors’ 4th and Harvey & Company’s 4th transaction in New York.

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M&A Deal Summary

Date December 31, 2020
Target Meritus Gas Partners
Sector Distribution
Buyer(s) AEA Investors
Harvey & Company
Deal Type Consolidation

Target Company

Meritus Gas Partners

New York, New York, United States
Meritus Gas Partners is a national federation of high-quality independent distributors of industrial, medical, and specialty gases and associated welding and safety supplies, located in diverse geographies across North America and serving growing end-markets. Meritus Gas Partners is based in New York City.
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Buyers Overview 2

Buyer

AEA Investors

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

AEA Investors is a private investment firm focused on investing in and acquiring businesses headquartered primarily in the US, Europe, and China. AEA looks for companies operating in stable to growing industries with a proven ability to generate positive cash-flow. Broad sectors of interest include value-added industrial products/services, specialty chemicals, consumer products, and services. In addition to its primary middle-market private equity fund, AEA maintains additional funds targeted towards mezzanine financing, senior secured debt, and small business buyouts. AEA Investors was formed in 1968 and is based in New York City.


Deal Context for Buyer #
Overall 98 of 121
Sector: Distribution 18 of 19
Type: Consolidation 3 of 3
State: New York 4 of 7
Country: United States 86 of 106
Year: 2020 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-28 50 Floor

Tucker, Georgia, United States

50 Floor is a direct-to-consumer flooring company focused on the residential repair and remodel market. The Company operates in twelve attractive markets throughout the Southeast, Mid-Atlantic, Midwest, and Texas. 50 Floor strives to provide customers with an excellent experience by focusing on quick turnaround times and high-quality sales, installation, and customer support. 50 Floor was founded in 2007 and is based in Tucker, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 NCS

Grimes, Iowa, United States

NCS is a full-service fluids and systems provider to the vehicle care industry, including car wash systems, aftermarket parts, cleaning fluids, and vacuums all supported through its industry-leading distribution and services footprint. NCS was founded in 1973 and is based in Grimes, Iowa.

Sell -
DESCRIPTION

Harvey & Company is a principal investment and advisory group. The Firm works with companies and private equity firms on acquisition searches as well as makes investments of its own. Harvey & Company was established in 1998 and is headquartered in Newport Beach, California.


Deal Context for Buyer #
Overall 53 of 72
Sector: Distribution 2 of 3
Type: Consolidation 3 of 3
State: New York 4 of 4
Country: United States 51 of 67
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 La Tavola Fine Linen Rental

Napa, California, United States

La Tavola is a linen rental company for weddings, private parties, and special/corporate events. The company is known for its extensive selection of quality on-trend fabrics, designs, and colors, and serves clients across the entire country. La Tavola showrooms are currently located in Beverly Hills, Corona Del Mar, Dallas, Los Gatos, Napa, Sacramento, San Francisco, Santa Barbara, and Scottsdale.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Oliver Winery

Bloomington, Indiana, United States

Oliver Winery is a winery and vineyard that produces and sells a range of wines, including fruit-forward, sweet, dry, and specialty varieties. It distributes its wines across more than 40 U.S. states and offers direct-to-consumer sales. Oliver Winery was founded in 1972 and is based in Bloomington, Indiana.

Buy -