M&A Deal Summary

Altrad Acquires Sparrows Offshore

On July 11, 2022, Altrad acquired energy services and equipment company Sparrows Offshore from AEA Investors

Acquisition Highlights
  • This is Altrad’s 3rd transaction in the Energy Services and Equipment sector.
  • This is Altrad’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2022-07-11
Target Sparrows Offshore
Sector Energy Services and Equipment
Buyer(s) Altrad
Sellers(s) AEA Investors
Deal Type Add-on Acquisition

Target

Sparrows Offshore

Aberdeen, United Kingdom
Sparrows Offshore is a supplier of crane and lifting equipment maintenance and support services to the offshore oil & gas sector. It has presence in the North Sea, Gulf of Mexico, South America, Caspian, Middle East, West Africa and Asia/Pacific regions.

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Buyer(S) 1

Buyer

Altrad

Montpellier, France
Category Company
Founded 1985
Sector Machinery
DESCRIPTION

Altrad manufactures Scaffolding and construction equipment. Altrad was founded in 1985 and is based in Montpellier, France.

DEAL STATS #
Overall 4 of 4
Sector (Energy Services and Equipment) 3 of 3
Type (Add-on Acquisition) 4 of 4
Country (United Kingdom) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-07 Cape

Singapore, Singapore

Cape is a provider of industrial services focused on the energy and natural resources sectors. Cape was founded in 1893 and is based in Singapore.

Buy £332M

Seller(S) 1

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 71 of 79
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 22 of 26
Country (United Kingdom) 1 of 3
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-24 Inovar

Dallas, Texas, United States

Inovar is a large custom printer/converter in the south-central US. Inovar manufactures a wide array of pressure-sensitive labels, tags, and screen-printed products. Inovar's focus is on superior quality for value-added applications for a very diverse customer base in the food, beverage, automotive after-market, chemical, and retail industries. Inovar was founded in 1964 and is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-21 Bespoke Partners

San Diego, California, United States

Bespoke Partners is a firm focused exclusively on executive recruiting and leadership advisory services for private equity-backed enterprise software companies. Bespoke Partners has offices in San Diego, Austin, and Philadelphia and provides human capital services spanning the deal cycle from due diligence to leadership build-out to exit readiness. Bespoke Partners is based in San Diego, California.

Buy -
Mergr

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