M&A Deal Summary

Alkegen Acquires Stellar Materials

On June 17, 2019, Alkegen acquired chemicals company Stellar Materials from Goldner Hawn Johnson & Morrison

Acquisition Highlights
  • This is Alkegen’s 1st transaction in the Chemicals sector.
  • This is Alkegen’s 1st transaction in the United States.
  • This is Alkegen’s 1st transaction in Michigan.

M&A Deal Summary
Date 2019-06-17
Target Stellar Materials
Sector Chemicals
Buyer(s) Alkegen
Sellers(s) Goldner Hawn Johnson & Morrison
Deal Type Add-on Acquisition
Advisor(s) BMO Capital Markets (Financial)

Target

Stellar Materials

Whitmore Lake, Michigan, United States
Stellar Materials LLC is a manufacturer of patented specialty chemicals and materials sold worldwide under the Thermbond® brand. Thermbond® products serve as linings in furnaces used in the metals, minerals, and hydrocarbon processing industries.

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Buyer(S) 1

Buyer

Alkegen

Buffalo, New York, United States
Category Company
Founded 1891
Sector Manufacturing
DESCRIPTION

Alkegen develops and manufactures high-performance specialty materials used in advanced applications including high-temperature industrial insulation, filtration media, battery technologies for electric vehicles and energy storage, and fire protection, among many others. Alkegen was founded in 1891 and is based in Buffalo, New York.

DEAL STATS #
Overall 1 of 5
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Michigan) 1 of 2
Country (United States) 1 of 3
Year (2019) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-23 Shenyang JiuQing Dongxiang Glass Product

Shenyang, China

Shenyang JiuQing Dongxiang Glass Product Co. Ltd. is a specialized company which produces glass products, such as standard components raw glass material and microfine glass fibers. Shenyang JiuQing Dongxiang Glass Product is based in Shenyang, China.

Buy -

Seller(S) 1

SELLER

Goldner Hawn Johnson & Morrison

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 825M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Goldner Hawn Johnson & Morrison (GHJ&M) is a private equity firm that targets middle market companies in the Midwest US. GHJ&M generally looks for businesses valued between $20 and $150 million and looks to invest between $10 to $25 million of equity capital per transaction. Sectors of interest include agribusiness, food, power generation, basic materials, medical products, consumer products, retail, restaurants, consumer services, business services, and industrials. GHJ&M prefers control investments, but in certain instances, the Firm will also consider minority positions. GHJ&M was formed in 1989 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 28 of 33
Sector (Chemicals) 2 of 2
Type (Add-on Acquisition) 15 of 16
State (Michigan) 1 of 1
Country (United States) 28 of 33
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-08 Quest Events

Frisco, Texas, United States

Quest Events is a provider of pipe and drape, scenic and furnishing rental solutions to the AV, hospitality, events, bridal and exhibition industries in North America. With 27 locations across the U.S. and an office in Toronto, Canada, Quest Events partners with clients to provide creative, effective and efficient rental solutions and installation services. Quest Events was formed in 1998 and is based in Frisco, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-18 Cameron s Coffee and Distribution

Shakopee, Minnesota, United States

Cameron's Coffee and Distribution Co. is a producer of premium specialty quality coffee and a provider of both branded and private label coffee products. Cameron's Coffee was formed in 1978 and is based in Shakopee, Minnesota.

Sell $113M
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