M&A Deal Summary |
|
|---|---|
| Date | 2024-10-17 |
| Target | PPG - Architectural coatings business |
| Sector | Chemicals |
| Buyer(s) | American Industrial Partners |
| Sellers(s) | PPG |
| Deal Type | Divestiture |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 10.0B USD |
| Size | Mega |
| Type | Sector Focused |
American Industrial Partners is a private equity firm focused on investments in North American manufacturing or industrial service companies. For platform acquisitions, the Firm seeks businesses with at least $500 million of revenue and the Firm will consider transactions valued up to $2 billion. Operating characteristics of prospective businesses include historical record of strong free cash flows, opportunities to drive value through operating enhancements, and sustainable competitive advantages. American Industrial Partners will consider a variety of transaction types including leveraged buyouts, structured equity investments, bridge financings, senior debt, carve-outs, take privates, turnarounds, and rescue financings. American Industrial Partners was formed in 1989 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 53 of 53 |
| Sector (Chemicals) | 4 of 4 |
| Type (Divestiture) | 19 of 19 |
| State (Pennsylvania) | 3 of 3 |
| Country (United States) | 46 of 46 |
| Year (2024) | 6 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-07-31 |
Nexpera
Newark, Delaware, United States Nexpera is an industrial chemistry solutions provider specializes in sulfuric acid and potassium hydroxide (KOH) regeneration services, as well as sulfur-based chemical products and related services. Nexpera is based in Newark, Delaware. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-10-31 |
Virtek
Waterloo, Ontario, Canada Virtek provides vision and laser projection solutions primarily for the aerospace, construction, and industrial end markets. The company’s proprietary laser projection systems enable customers to maximize productivity and reduce human error by providing visual guides for assembly, construction, inspection, and paint tasks. Virtek was founded in 1986 and is based in Waterloo, Ontario. |
Sell | - |
PPG manufactures and distributes a broad range of coatings, specialty materials and glass products. PPG was formed in 1883 and is based in Pittsburgh, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 6 |
| Sector (Chemicals) | 3 of 3 |
| Type (Divestiture) | 4 of 4 |
| State (Pennsylvania) | 4 of 4 |
| Country (United States) | 4 of 4 |
| Year (2024) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-08-29 |
PPG - Silicas Products Business
Pittsburgh, Pennsylvania, United States PPG's Silicas Products Business manufactures and supplies precipitated silica products to major companies worldwide as performance-enhancing additives. |
Sell | $310M |
