Buyout (LBO, MBO, MBI) • Business Services

American Securities Acquires BELFOR

On April 1, 2019, private equity firm American Securities acquired business services company BELFOR

Acquisition Context
  • This is American Securities’ 1st transaction in the Business Services sector.
  • This is American Securities’ 60th transaction in the United States.
  • This is American Securities’ 4th transaction in Michigan.

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M&A Deal Summary

Date April 1, 2019
Target BELFOR
Sector Business Services
Buyer(s) American Securities
Deal Type Buyout (LBO, MBO, MBI)

Target Company

BELFOR

Birmingham, Michigan, United States
BELFOR is a global provider of damage recovery and restoration services. The company serves customers in significant times of need, ranging from individual homeowners who may have a small loss to multinational manufacturing businesses with millions of dollars of damage. BELFOR was founded in 1946 and is based in Birmingham, Michigan.
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Buyer Overview 1

Buyer

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 23.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based with $50 to $200 million of EBITDA and valued up to $2 billion. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York, New York.


Deal Context for Buyer #
Overall 61 of 81
Sector: Business Services 1 of 2
Type: Buyout (LBO, MBO, MBI) 23 of 28
State: Michigan 4 of 4
Country: United States 60 of 80
Year: 2019 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-19 FleetPride

Irving, Texas, United States

FleetPride is an independent distributor of aftermarket heavy-duty truck and trailer parts in the United States. FleetPride was founded in 1975 and is based in Irving, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-02 Frontier Spinning

Sanford, North Carolina, United States

Frontier Spinning is a producers of cotton and cotton/polyester blend yarns for the knitting and weaving industries and holds market-leading positions in open-end and air-jet spinning. Offering a diverse product line to fulfill the demands of customers worldwide, the yarn produced by Frontier Spinning is used in sportswear, undergarments, socks, sweaters, fleece, denim, and home furnishings. Frontier Spinning was founded in 1996 and is based in Sanford, North Carolina.

Sell -