M&A Deal Summary

KKR and AIMCo Acquire Marmic

On July 24, 2024, private equity firm KKR and pension AIMCo acquired safety/security company Marmic from HGGC

Acquisition Highlights
  • This is KKR’s 3rd and AIMCo’s 1st transaction in the Safety/Security sector.
  • This is KKR’s 206th and AIMCo’s 22nd transaction in the United States.
  • This is KKR’s 3rd and AIMCo’s 2nd transaction in Missouri.

M&A Deal Summary

Date 2024-07-24
Target Marmic
Sector Safety/Security
Buyer(s) KKR
AIMCo
Sellers(s) HGGC
Deal Type Secondary Buyout

Target

Marmic

Joplin, Missouri, United States
Marmic Fire & Safety's headquarters in Joplin, Missouri.
Marmic Fire & Safety's headquarters in Joplin, Missouri.
Marmic is a full-service fire protection company providing inspection, maintenance, repair, and installation services to commercial customers throughout the United States. Marmic was formed in 1951 and is based in Joplin, Missouri.

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Buyer(S) 2

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 481 of 499
Sector: Safety/Security M&A 3 of 3
Type: Secondary Buyout M&A Deals 106 of 113
State: Missouri M&A 3 of 3
Country: United States M&A 206 of 212
Year: 2024 M&A 14 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-24 Proserv

Aberdeen, United Kingdom

Proserv is a controls technology company incorporating two divisions, Proserv Controls, which encompasses our innovative subsea controls solutions, alongside our topside, IWOCS, sampling, and measurement offerings to the oil & gas and renewables markets, and Gilmore, a Proserv Company, known for its globally renowned control valves. Proserv is based in Aberdeen, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-26 Asian Institute of Medical Sciences

Faridabad, India

Asian Institute of Medical Sciences is a 425 bedded Super specialty tertiary care hospital, truly futuristic in its services & technology and brings together some of the most talented medical professionals. AIMS provides preventive, diagnostic, therapeutic, rehabilitative, palliative and support services under one roof and is designed to meet patient care and research requirements of the new millennium. Asian Institute of Medical Sciences was founded in 2010 and is based in Faridabad, Haryana.

Buy -
Buyer

AIMCo

Investor Investor Investor Investor Investor


Category Pension
Founded 2008
PE ASSETS 179.6B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

AIMCo is a Canadian diversified institutional investment manager serving pension, endowment and government funds in the province of Alberta. In addition to investing in public equities, fixed income, and debt, AIMCo looks to invest in private equity, real estate, timberlands, and infrastructure. AIMCo's private equity group invests in funds and directly in companies throughout North America and Western Europe. Areas of interest include consumer, industrials, business services, financial services, technology, and healthcare. AIMCo is based in Edmonton, with additional offices in Toronto and London.


DEAL STATS #
Overall 40 of 40
Sector: Safety/Security M&A 1 of 1
Type: Secondary Buyout M&A Deals 15 of 15
State: Missouri M&A 2 of 2
Country: United States M&A 22 of 22
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-04 Alter Domus

Luxembourg, Luxembourg

Alter Domus is a provider of fund administration and corporate services to the alternative investment industry. Alter Domus was founded in 2003 and is based in Luxembourg, Luxembourg.

Buy -

Seller(S) 1

SELLER

HGGC

Palo Alto, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HGGC focuses on middle-market leveraged buyouts, growth equity financings, recapitalizations, take privates, and corporate divestitures. The Firm primarily targets North American companies, but will consider international opportunities as well. HGGC looks for companies with at least $100 million in revenue. HGGC primarily targets enterprise software companies, however, the Firm will also consider opportunities in business services, consumer services, financial services, healthcare, industrial services, and information services. HGGC was formed in 2007 and is based in Palo Alto, California.


DEAL STATS #
Overall 26 of 27
Sector: Safety/Security M&A 1 of 1
Type: Secondary Buyout M&A Deals 6 of 7
State: Missouri M&A 2 of 2
Country: United States M&A 22 of 23
Year: 2024 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-22 Dynata

Shelton, Connecticut, United States

Dynata is a global provider of data solutions and technology for consumer and B2B survey research. Dynata reaches participants in 90+ sample countries via internet, telephone, mobile/wireless and mixed-access offerings. Dynata was founded in 1977 and is based in Shelton, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-09 AMI

Duluth, Georgia, United States

AMI is a provider of out-of-band server management firmware, and UEFI and BIOS firmware, with its products deployed in a high proportion of all servers, data centers, embedded devices, and personal computers worldwide. AMI was founded in 1985 and is based in Duluth, Georgia.

Sell -