M&A Deal Summary

Aereon Acquires Abutec

On June 13, 2016, Aereon acquired energy services and equipment company Abutec from Source Capital and Harvey & Company

Acquisition Highlights
  • This is Aereon’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Aereon’s 3rd transaction in the United States.
  • This is Aereon’s 1st transaction in Georgia.

M&A Deal Summary
Date 2016-06-13
Target Abutec
Sector Energy Services and Equipment
Buyer(s) Aereon
Sellers(s) Source Capital
Harvey & Company
Deal Type Divestiture

Target

Abutec

Kennesaw, Georgia, United States
Abutec LLC is a manufacturer of emission control products serving various industry segments including oil & gas, landfill and wastewater treatment. Abutec was founded in 2012 and is based in Kennesaw, Georgia.

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Buyer(S) 1

Buyer

Aereon

Austin, Texas, United States
Category Company
Founded 1984
Sector Energy Services and Equipment
DESCRIPTION

Aereon is a provider of standard and highly-engineered vapor recovery and combustion systems which it manufactures and markets to upstream, midstream, and downstream customers. The company's sales are balanced between domestic and international markets, standard and custom equipment as well as substantial after-market parts sales and services. Aereon was formed in 1984 and is based in Austin, Texas.

DEAL STATS #
Overall 3 of 3
Sector (Energy Services and Equipment) 2 of 2
Type (Divestiture) 3 of 3
State (Georgia) 1 of 1
Country (United States) 3 of 3
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-04 Flare Industries

Austin, Texas, United States

Flare Industries, Inc. is a designer and manufacturer of combustion and pollution control technology and equipment. Through its offices in the United States, Canada, United Kingdom, United Arab Emirates and Singapore, Flare delivers high-quality flare systems, thermal oxidizers and ignition systems to clients in a range of industries worldwide.

Buy -

Seller(S) 2

SELLER

Source Capital

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Source Capital is a private equity firm that invests in mature, smaller companies in a variety of sectors. The Firm generally looks to support management-backed leveraged acquisitions, recapitalizations, growth financings, and various turnaround situations. Source Capital's broad industry focus includes business services, consumer, distribution/supply, healthcare, and light manufacturing. The Firm prefers control investments, but will selectively review minority situations. Target companies are typically profitable with at least $2 million in EBITDA. Source Capital will not invest in venture deals, high tech, or real estate. Source Capital was formed in 2002 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 10 of 19
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 1 of 1
State (Georgia) 3 of 4
Country (United States) 10 of 19
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 S&S Industries

Yonkers, New York, United States

S&S Industries, Inc. is a manufacturer of brassiere underwire. The company operates manufacturing facilities in Central America and Asia to supply its customers’ global operations. S&S drives innovation in the industry by designing products that enhance the wearability, style, and durability of underwire bras. S&S Industries was founded in 1947 and is based in Yonkers, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-29 PTI Security Systems

Kennesaw, Georgia, United States

PTI Security Systems is a self-storage access control security and integrated technologies. PTI Security Systems provides the most innovative, durable, and reliable security products available today, and offers a wide range of integrated security solutions that help create a seamless experience for both tenants and self-storage owners and operators. PTI Security Systems was founded in 1979 and is based in Kennesaw, Georgia.

Buy -
SELLER

Harvey & Company

Investor Investor Investor Investor Investor

Category Merchant Bank
Founded 1998
Size Middle-Market
Type Sector Agnostic
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 STATS #
Overall 20 of 35
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 19 of 34
Year (2016) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-05 Liquid Technologies

Chino, California, United States

Liquid Technologies, Inc. is a contract formulator and contract manufacturer of personal care products, providing full-service capabilities including formulation, development, blend manufacturing, filling and packaging. Liquid Technologies offers hair care products such as shampoos, conditioners, styling products, and aerosols, in addition to skincare products such as creams, lotions and serums. Liquid Technologies was founded in 1988 and is based in Chino, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-12 Leidy’s Premium Meats

Souderton, Pennsylvania, United States

Leidy’s Premium Meats is a producer of fresh and processed pork and turkey products. Leidy’s Premium Meats was founded in 1893 and is based in Souderton, Pennsylvania.

Buy -
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