M&A Deal Summary |
|
|---|---|
| Date | 2006-04-03 |
| Target | Tomah3 Products |
| Sector | Chemicals |
| Buyer(s) | Air Products and Chemicals |
| Sellers(s) |
Mason Wells
Seidler Equity Partners Ampersand Capital Partners Northstar Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 115M USD |
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| Category | Company |
|---|---|
| Founded | 1940 |
| Sector | Chemicals |
| Employees | 20,000 |
| Revenue | 12.6B USD (2023) |
Air Products and Chemicals serves energy, electronics, chemicals, steel, and manufacturing customers globally with a unique portfolio of products, services, and solutions that include atmospheric gases, process and specialty gases, performance materials, equipment, and services. The Company is a supplier of hydrogen and helium and has built leading positions in growth markets such as semiconductor materials, refinery hydrogen, natural gas liquefaction, and advanced coatings and adhesives. Air Products and Chemicals was incorporated in 1940 and is based in Allentown, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 18 |
| Sector (Chemicals) | 1 of 6 |
| Type (Add-on Acquisition) | 3 of 9 |
| State (Wisconsin) | 1 of 1 |
| Country (United States) | 2 of 9 |
| Year (2006) | 1 of 1 |
| Size (of disclosed) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-10-20 |
Air Products Sodium Vinyl Sulfonate Business
United States Air Products Sodium Vinyl Sulfonate Business is used as an emulsifying agent in water-based systems. Diverse end-product markets served include paints, glues, photography, and galvanic baths for metals processing, among other applications. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-04-05 |
Air Products - Dinitrotoluene Production Facility
Geismar, Louisiana, United States Air Products Dinitrotoluene (DNT) Production Facility produces and supplies hydrogen, carbon monoxide and syngas. |
Sell | $155M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 2.4B USD |
| Size | Large |
| Type | Sector Agnostic |
Mason Wells is a private equity firm focused on middle-market buyout opportunities in the Midwest US. Mason Wells looks to invest in businesses operating in engineered products and services, outsourced business services, and specialty packaging. Target companies typically generate revenue of $25 to $300 million and EBITDA of at least $5 million. The Firm prefers businesses with high barriers to entry, limited customer concentration, and strong market positions. Mason Wells was originally formed 1982 as a subsidiary of Marshall & Ilsley Corporation and became an independent firm in 1998. Mason Wells is based in Milwaukee, Wisconsin.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 40 |
| Sector (Chemicals) | 2 of 3 |
| Type (Add-on Acquisition) | 8 of 24 |
| State (Wisconsin) | 9 of 21 |
| Country (United States) | 11 of 38 |
| Year (2006) | 1 of 1 |
| Size (of disclosed) | 4 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-12-29 |
HyperEdge
Batavia, Illinois, United States HyperEdge Corporation designs and markets equipment and systems that enable broadband access within the “last mile” of the telecommunications network. HyperEdge is an established provider of T1-based broadband access products. The T1 access lines enabled by HyperEdge’s products are the primary means of delivering broadband access to large and medium-sized commercial customers. HyperEdge has assembled a blue-chip customer base with sales to large telecommunication service providers such as Verizon, SBC and Bell South, accounting for more than 80% of the Company’s revenue. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-04-05 |
Dedicated Computing
Waukesha, Wisconsin, United States Dedicated Computing is a provider of embedded computers (compute engines) as well as integration and product lifecycle management services to original equipment manufacturers (OEMs) and independent software vendors (ISVs). Dedicated Computing was founded in 1978 and is based in Waukesha, Wisconsin. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 5.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Seidler Equity Partners is a mid-market private equity firm focused on partnering with business owners and management to help build market-leading companies. Seidler will consider funding growth financings, family business transitions, owner-operator recapitalizations, management buyouts, liquidity for estate planning, and traditional buyouts. Seidler looks to invest in businesses with a proven track record and opportunities for growth. Prospective companies typically have minimum revenue of $25 million and EBITDA between $5 and $50 million. Seidler is a generalist firm and will consider investments across a wide range of industries, including manufacturing, service, and distributors. Seidler Equity Partners was formed in 1999 and is based in Marina del Rey, California.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 23 |
| Sector (Chemicals) | 1 of 2 |
| Type (Add-on Acquisition) | 1 of 6 |
| State (Wisconsin) | 1 of 2 |
| Country (United States) | 4 of 23 |
| Year (2006) | 1 of 2 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-08-15 |
Paragon Medical
Pierceton, Indiana, United States Paragon Medical, Inc. is a provider of medical devices used in orthopedic surgical procedures. Paragon manufactures trays and cases for use in surgical delivery systems, surgical instruments, and precision manufactured implants for orthopedic medical device original equipment manufacturers. Paragon Medical was founded in 1991 and is based in Pierceton, Indiana. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-12-01 |
Professional Towel Mills
Abbeville, South Carolina, United States Professional Towel Mills is a largest domestic manufacturer and supplier of terry and towel products to the PPI. In December of 2006, Towels Etc acquired Professional Towel Mills |
Sell | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 3.0B USD |
| Size | Large |
| Type | Sector Focused |
Ampersand Capital Partners is a middle-market private equity group that concentrates on growth equity investment opportunities in the healthcare sector. The Firm looks to invest $10 to $100 million in businesses with $10 to $100 million of revenue. Specific areas of interests within healthcare include lab products, specialty diagnostic equipment, pharmaceutical outsourcing, and specialty pharma. Ampersand generally prefers to be the first and sole institutional investor. Ampersand was formed in 1988 and is based in Wellesley, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 55 |
| Sector (Chemicals) | 1 of 3 |
| Type (Add-on Acquisition) | 3 of 38 |
| State (Wisconsin) | 1 of 1 |
| Country (United States) | 6 of 51 |
| Year (2006) | 1 of 2 |
| Size (of disclosed) | 11 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-03-01 |
Radpharm Scientific Pty.
Princeton, New Jersey, United States Medical imaging services for clinical trials |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-04-11 |
Nuvex Ingredients
Blue Earth, Minnesota, United States Nuvex Ingredients, Inc. offers protein and fiber nutritional products for manufacturers of breakfast cereals, functional foods, and nutritional snacks. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 1.7B USD |
| Size | Large |
| Type | Sector Agnostic |
Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 80 |
| Sector (Chemicals) | 1 of 2 |
| Type (Add-on Acquisition) | 1 of 27 |
| State (Wisconsin) | 1 of 6 |
| Country (United States) | 4 of 76 |
| Year (2006) | 1 of 2 |
| Size (of disclosed) | 6 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-01-01 |
Digi-Star
Fort Atkinson, Wisconsin, United States Digi-Star LLC is a manufacturer of weighing systems designed for agricultural equipment. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-05-12 |
Liberty Wire and Cable
Colorado Springs, Colorado, United States Liberty Wire and Cable (Colorado Springs, CO) Liberty Wire and Cable is a premier global supplier of a complete line of wire and cable products along with connectors and connector systems, cable assemblies, interconnects and a broad range of related accessories. Core products are sold primarily for audio/video and security applications to customers serving the residential, commercial and broadcast industries as well as selected OEM’s. |
Sell | - |
