M&A Deal Summary

Alfred Kärcher & Co. KG Acquires Castle Rock Industries

On June 21, 2006, Alfred Kärcher & Co. KG acquired machinery company Castle Rock Industries from New Heritage Capital

Acquisition Highlights
  • This is Alfred Kärcher & Co. KG’s 1st transaction in the Machinery sector.
  • This is Alfred Kärcher & Co. KG’s 1st transaction in the United States.
  • This is Alfred Kärcher & Co. KG’s 1st transaction in New York.

M&A Deal Summary

Date 2006-06-21
Target Castle Rock Industries
Sector Machinery
Buyer(s) Alfred Kärcher & Co. KG
Sellers(s) New Heritage Capital
Deal Type Add-on Acquisition

Target

Castle Rock Industries

Rochester, New York, United States
Castle Rock Industries is a designer, manufacturer and marketer of innovative floor and carpet maintenance equipment for commercial and industrial applications.

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Buyer(S) 1

Buyer

Alfred Kärcher & Co. KG

Winnenden,, Germany

Category Company
Founded 1935
Sector Machinery
DESCRIPTION

Alfred Kärcher GmbH & Company engages in the manufacturing of cleaning equipment for homes, gardens, transport, buildings, and other professional applications.


DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2006 M&A 1 of 1

Seller(S) 1

SELLER

New Heritage Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

New Heritage Capital is a private investment firm specializing in the acquisition and equity-based recapitalization of private, family owned businesses. Heritage looks to invest in growing, middle-market companies with at least $30 million in annual revenue and EBITDA of at least $4 million. Target sectors include aerospace, consumer products, food/beverage, media/publishing, healthcare, manufacturing, pet products, plastics/packaging, printing, and value-added distribution. New Heritage Capital was formed in 2006 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 7 of 23
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 9
State: New York M&A 3 of 5
Country: United States M&A 7 of 20
Year: 2006 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-31 OneSource Distributors

Oceanside, California, United States

OneSource Distributors is a wholesale distributor of electrical products. automation controls, industrial supplies. Company also offer a full range of tool & safety products, wire & specialty cable, and solar equipment. OneSource is an authorized Allen-Bradley and Rockwell Automation distributor, with 17 locations serving San Diego, Los Angeles and all of southern California, Nevada, Arizona, Hawaii, and Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-30 DIAM

Les Mureaux, France

DIAM is a provider of point of sale merchandising solutions for major luxury, cosmetic and retail brands. It provides POS and interior design services to brands and retailers, specializing in perfumes, cosmetics, para-pharmaceuticals, wines and spirits, jewellery and consumer goods, as well as point of sale installation, logistics, and support services. DIAM was founded in 1973 and is based in Les Mureaux, France.

Sell -