Add-on Acquisition • Distribution

Allredi Acquires APE Companies

On March 3, 2020, Allredi acquired distribution company APE Companies from Ridgemont Equity Partners

Acquisition Context
  • This is Allredi’s 2nd transaction in the Distribution sector.
  • This is Allredi’s 2nd transaction in the United States.
  • This is Allredi’s 1st transaction in Texas.

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M&A Deal Summary

Date March 3, 2020
Target APE Companies
Sector Distribution
Buyer(s) Allredi
Sellers(s) Ridgemont Equity Partners
Deal Type Add-on Acquisition

Target Company

APE Companies

Deer Park, Texas, United States
APE Companies is a specialty distributor of surface preparation, remediation, abatement, safety, environmental, and waterjet cutting products and solutions.
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Buyer Overview 1

Buyer

Allredi

Pasadena, Texas, United States

Category Company
Founded 1944
Sector Distribution
DESCRIPTION

Allredi is a North American distributor of surface preparation, abrasives, and safety products to industrial contractors primarily in the industrial, infrastructure, and downstream energy sectors. Allredi was founded in 1944 and is based in Pasadena, Texas.


Deal Context for Buyer #
Overall 3 of 3
Sector: Distribution 2 of 2
Type: Add-on Acquisition 3 of 3
State: Texas 1 of 1
Country: United States 2 of 2
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-28 Manus Abrasive Systems

Edmonton, Alberta, Canada

Manus Abrasive Systems, Inc. is a manufacturer and distributor of surface preparation equipment, abrasive materials, and consumables. Manus Abrasive Systems was founded in 1983 and is based in Edmonton, Alberta.

Buy -

Seller Profile 1

SELLER

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.


Deal Context for Seller #
Overall 81 of 94
Sector: Distribution 5 of 7
Type: Add-on Acquisition 29 of 36
State: Texas 17 of 21
Country: United States 70 of 83
Year: 2020 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-01 M6 Midstream

Houston, Texas, United States

M6 Midstream is a midstream company, to pursue greenfield and brownfield midstream, downstream, and energy transition opportunities. M6 Midstream is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-23 American Safety Council

Orlando, Florida, United States

American Safety Council is a provider of e-Learning training solutions to address transportation and workplace safety, testing, medical continuing education, and other regulatory-driven training on behalf of the government, institutions of higher learning, business, and industry, and individual clients. American Safety Council was founded in 1998 and is based in Orlando, Florida.

Buy -