M&A Deal Summary

Aggregate Industries Acquires Meyer Material

On June 26, 2006, Aggregate Industries acquired manufacturer Meyer Material from EagleTree Capital and Park Avenue Equity Partners for 231M USD

Acquisition Highlights
  • This is Aggregate Industries’ 1st transaction in the Manufacturing sector.
  • This is Aggregate Industries’ largest (disclosed) transaction.
  • This is Aggregate Industries’ 1st transaction in the United States.
  • This is Aggregate Industries’ 1st transaction in Illinois.

M&A Deal Summary
Date 2006-06-26
Target Meyer Material
Sector Manufacturing
Buyer(s) Aggregate Industries
Sellers(s) EagleTree Capital
Park Avenue Equity Partners
Deal Type Add-on Acquisition
Deal Value 231M USD

Target

Meyer Material

McHenry, Illinois, United States
Meyer Material Co. is a regional concrete and aggregate business. Meyer Material produces and delivers ready-mix concrete and mines and sells aggregate materials.

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Buyer(S) 1

Buyer

Aggregate Industries

Markfield, United Kingdom
Category Company
Founded 2005
Sector Building Materials
DESCRIPTION

Aggregate Industries Limited quarries, manufactures, and supplies heavy building materials to the construction industry in Europe.

DEAL STATS #
Overall 1 of 4
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Illinois) 1 of 1
Country (United States) 1 of 3
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Forticrete/ assets

United Kingdom

Buy -

Seller(S) 2

SELLER

EagleTree Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 5.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EagleTree Capital is an independent private equity and investment firm focused on mid-market leveraged buyouts. The Firm's buyout group looks to invest $50 to $200 million to support acquisitions of profitable companies in the media/communications, consumer products, and water/industrial products and services sectors. EagleTree Capital was formerly known as Wasserstein Partners, an investment firm formed by Bruce Wasserstein, the late CEO of investment bank Lazard Freres. EagleTree Capital is based in New York City.

DEAL STATS #
Overall 8 of 25
Sector (Manufacturing) 1 of 2
Type (Add-on Acquisition) 5 of 13
State (Illinois) 1 of 2
Country (United States) 6 of 23
Year (2006) 2 of 2
Size (of disclosed) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-27 American Seafoods

Seattle, Washington, United States

American Seafoods is a catcher-processor of Alaska pollock in U.S. Bering Sea and a harvester of fish for human consumption in United States. The Company owns protected rights to harvest pollock and also holds the right to participate in three other fisheries, including pacific whiting (hake), yellowfin sole, and pacific cod. American Seafoods was founded in 2000 and is based in Seattle, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-02 Penton Media

New York, New York, United States

Penton Media, Inc. is an information services and marketing company. Penton’s products inform with rich industry insights and workflow tools; engage through dynamic events, education and networking; and advance business with powerful marketing services programs.

Buy $530M
SELLER

Park Avenue Equity Partners

New York, New York, United States
Category Private Equity Firm
Founded 1997
PE ASSETS 340M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Park Avenue Equity Partners is a private equity firm that seeks investments in North American middle-market companies operating in basic industries. Areas of interest include construction, solid waste, transportation, recycling, healthcare and financial services. Park Avenue looks to invest $50 million per transaction and has an investment horizon of five to seven years. Park Avenue Equity Partners was formed in 1999 and is based in New York City.

DEAL STATS #
Overall 3 of 7
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Illinois) 1 of 1
Country (United States) 3 of 7
Year (2006) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-21 Impact Products

Toledo, Ohio, United States

Impact Products is a manufacturer and distributor of branded and private label commercial cleaning and maintenance accessories, safety & personal protection products (PPE) for use in the janitorial, foodservice, healthcare, industrial, school, hospitality, commercial office, and retail end markets. Impact offers a comprehensive and well-recognized brand portfolio, consisting of ProGuard, Malt, Layflat, DiversaMed, Foameeze, Naturelle, Eclipse, and Rest Assured.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-03 Thomas Concrete

Atlanta, Georgia, United States

Thomas Concrete is a ready-mixed concrete supplier to residential and commercial customers. Thomas operates a network of eleven permanent ready mix concrete plants, three mobile concrete plants, and a fleet of 109 front-loading mixer trucks. Thomas Concrete was established in 1985 and is based in Atlanta, Georgia.

Buy $177M
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