M&A Deal Summary

Alfa Laval Acquires Air Cooled Exchangers

On December 31, 2012, Alfa Laval acquired manufacturer Air Cooled Exchangers from Clearview Capital and AEA Investors

Acquisition Highlights
  • This is Alfa Laval’s 1st transaction in the Manufacturing sector.
  • This is Alfa Laval’s 2nd transaction in the United States.
  • This is Alfa Laval’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2012-12-31
Target Air Cooled Exchangers
Sector Manufacturing
Buyer(s) Alfa Laval
Sellers(s) Clearview Capital
AEA Investors
Deal Type Add-on Acquisition

Target

Air Cooled Exchangers

Broken Arrow, Oklahoma, United States
Air Cooled Exchangers LLC based is a manufacturer of air-cooled heat exchangers for natural gas compression systems and other applications.

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Buyer(S) 1

Buyer

Alfa Laval

Lund, Sweden
Category Company
Founded 1883
Sector Machinery
Employees21,767
Revenue 63.6B SEK (2023)
DESCRIPTION

Alfa Laval is a provider of specialised process engineering solutions, equipment and services in the areas of separation, heat transfer and fluid handling. Alfa Laval was founded in 1883 and is based in Lund, Sweden.

DEAL STATS #
Overall 5 of 12
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 5 of 9
State (Oklahoma) 1 of 1
Country (United States) 2 of 4
Year (2012) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Ashbrook Simon-Hartley

Newcastle-under-Lyme, United Kingdom

Ashbrook Simon-Hartley is a liquid/solid separation technology company and provides solutions for dewatering, process systems or fluid control requirements.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-29 Niagara Blower Company

Buffalo, New York, United States

Niagara Blower manufactures energy-efficient heat transfer products that are engineered-to-order, and suited for use in the oil and gas processing industries.

Buy -

Seller(S) 2

SELLER

Clearview Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 645M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Clearview Capital LLC is a private equity firm that targets investments in North American companies with operating profits between $4 and $20 million. Sectors of interest include general manufacturing, plastics, food processing, furniture, education, healthcare, outsourcing, distribution, oil field services, consumer products, and industrial. The Firm prefers majority investment situations in transaction types that include corporate divestitures, management buyouts, and ownership transfers of closely-held companies. Clearview Capital was formed in 1999 and has offices in Connecticut, California.

DEAL STATS #
Overall 7 of 24
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 2 of 5
State (Oklahoma) 1 of 1
Country (United States) 7 of 24
Year (2012) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-12 Battenfeld Technologies

Columbia, Missouri, United States

Battenfeld Technologies, Inc. is a designer, developer and supplier of branded shooting and hunting accessories to the outdoor sporting goods industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-24 Hillsdale Furniture

Louisville, Kentucky, United States

Hillsdale is a designer and importer of residential case goods and accent furniture. Hillsdale sells a broad line of bedroom, dining room, occasional and accent furniture targeting promotional to middle price points. Hillsdale Furniture is based in Louisville, Kentucky.

Sell -
SELLER

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 STATS #
Overall 26 of 78
Sector (Manufacturing) 2 of 6
Type (Add-on Acquisition) 11 of 25
State (Oklahoma) 1 of 1
Country (United States) 23 of 71
Year (2012) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-22 Houghton International

Valley Forge, Pennsylvania, United States

Houghton International, Inc. is a producer of metalworking fluids and provider of chemical management services. Houghton International operates research, manufacturing and office locations in 33 countries around the world delivering solutions that increase productivity, reduce operating costs and improve product quality for our customers. Houghton International was established in 1865 and is based in Valley Forge, Pennsylvania.

Sell $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Suhyang Networks

Seoul, South Korea

Suhyang Networks is a branded premium baby and kids wear retailer in Korea targeting 0-7 age group through a portfolio of well-known brands and multiple channels including branded shop-in-shops at department stores, off-label stores and multi-brand stores. Suhyang Networks was founded in 1991 and is based in Seoul, South Korea.

Buy -
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