M&A Deal Summary

American Capital Acquires A. H. Harris & Sons

On December 28, 1999, private equity firm American Capital acquired distribution company A. H. Harris & Sons

Acquisition Highlights
  • This is American Capital’s 3rd transaction in the Distribution sector.
  • This is American Capital’s 30th transaction in the United States.
  • This is American Capital’s 1st transaction in Connecticut.
Investment Fate
  • A. H. Harris & Sons was sold to a consortium of financial buyers in 2006.
  • A. H. Harris & Sons was recapitalized in 2015.
  • A. H. Harris & Sons was sold to a publicly-traded strategic buyer in 2018 for 380M USD.

M&A Deal Summary

Date 1999-12-28
Target A. H. Harris & Sons
Sector Distribution
Buyer(s) American Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

A. H. Harris & Sons

West Hartford, Connecticut, United States
A.H. Harris distributes building products to the heavy & highway, commercial, industrial and residential markets with the same goal in mind as its founding fathers.

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Buyer(S) 1

Buyer

American Capital


Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.


DEAL STATS #
Overall 31 of 265
Sector: Distribution M&A 3 of 6
Type: Buyout (LBO, MBO, MBI) M&A Deals 23 of 125
State: Connecticut M&A 1 of 5
Country: United States M&A 30 of 253
Year: 1999 M&A 15 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-23 Warner Power

Warner, New Hampshire, United States

Warner Power LLC is a designer and manufacturer of electrical transformers and power systems. Warner Power was founded in 1948 and is based in Warner, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-15 Fulton Bellows

Knoxville, Tennessee, United States

Fulton Bellows LLC is a manufacturer of precision engineered metal bellows, bellows assemblies, seamless tubes and thermal actuators.

Buy -