M&A Deal Summary

American Securities Acquires CS Energy

On May 4, 2021, private equity firm American Securities acquired renewable energy company CS Energy from Ares Private Equity Group

Acquisition Highlights
  • This is American Securities’ 1st transaction in the Renewable Energy sector.
  • This is American Securities’ 69th transaction in the United States.
  • This is American Securities’ 3rd transaction in New Jersey.

M&A Deal Summary
Date 2021-05-04
Target CS Energy
Sector Renewable Energy
Buyer(s) American Securities
Sellers(s) Ares Private Equity Group
Deal Type Secondary Buyout
Advisor(s) Lazard Ltd.
Cowen Group, Inc. (Financial)
Morgan Lewis (Legal)

Target

CS Energy

Edison, New Jersey, United States
CS Energy engages in the solar and energy storage sectors, having constructed over 1 GW of solar projects and 300 MWh of energy storage projects throughout the United States and in select international markets. CS Energy was founded in 1906 and is based in Edison, New Jersey.

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Buyer(S) 1

Buyer

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B 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 companies and generally seeks to commit $300 to $700 million per transaction. 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 City.

DEAL STATS #
Overall 70 of 80
Sector (Renewable Energy) 1 of 2
Type (Secondary Buyout) 31 of 37
State (New Jersey) 3 of 4
Country (United States) 69 of 79
Year (2021) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-01 OnTrac Final Mile

Vienna, Virginia, United States

OnTrac is the parcel carrier of choice for last-mile e-commerce deliveries that helps retailers and shippers build a competitive advantage through faster delivery times, lower costs, coast-to-coast coverage, and reliable on-time performance. OnTrac was founded in 1986 and is based in Vienna, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 Oregon Tool

Portland, Oregon, United States

Oregon Tool is a manufacturer of saw chain and guide bars for chainsaws, and a leading manufacturer of lawnmower blades, agricultural tractor attachments, and a broad range of other products used by professionals and consumers in the forestry, lawn, and garden, and agricultural end markets. Oregon Tool was founded in 1946 and is based in Portland, Oregon.

Sell -

Seller(S) 1

SELLER

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 20.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.

DEAL STATS #
Overall 37 of 43
Sector (Renewable Energy) 1 of 2
Type (Secondary Buyout) 14 of 16
State (New Jersey) 2 of 2
Country (United States) 34 of 39
Year (2021) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 TricorBraun

St. Louis, Missouri, United States

TricorBraun is a distributor of rigid packaging solutions including containers, closures and related components. TricorBraun was established in 1902 and is headquartered in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 Farrow & Ball

Dorset, United Kingdom

Farrow & Ball is dedicated to creating eco-friendly paint and wallpaper using only the finest ingredients and richest pigments. The result is a directional palette of paint colors with an extraordinary response to light and artisanal wallpapers with a tactile finish, uniquely achieved by printing paint on paper. Farrow & Ball was formed in 1946 and is based in Dorset, United Kingdom.

Sell -
Mergr

Product

Company

Legal