M&A Deal Summary

American Securities and Ridgemont Equity Partners Acquire FleetPride

On December 19, 2018, private equity firms American Securities and Ridgemont Equity Partners acquired distribution company FleetPride from TPG

Acquisition Highlights
  • This is American Securities’ 2nd and Ridgemont Equity Partners’ 10th transaction in the Distribution sector.
  • This is American Securities’ 59th and Ridgemont Equity Partners’ 94th transaction in the United States.
  • This is American Securities’ 7th and Ridgemont Equity Partners’ 25th transaction in Texas.

M&A Deal Summary
Date 2018-12-19
Target FleetPride
Sector Distribution
Buyer(s) American Securities
Ridgemont Equity Partners
Sellers(s) TPG
Deal Type Secondary Buyout
Advisor(s) Vinson & Elkins (Legal)

Target

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.

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Buyer(S) 2

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 60 of 80
Sector (Distribution) 2 of 5
Type (Secondary Buyout) 28 of 37
State (Texas) 7 of 10
Country (United States) 59 of 79
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-16 CPM

Blaine, Minnesota, United States

CPM designs, engineers, and manufactures a broad variety of branded pellet mills, oilseed processing equipment, twin screw extruders, and industrial-scale thermal processing equipment. The Company serves a global base of over 5,000 customers annually from facilities in Europe, Asia, Latin America, and North America. It produces premier process equipment and engineered systems that provide customers with a superior level of operating efficiency, durability, and reliability, maximizing process performance and machine uptime. CPM was founded in 1883 and is based in Blaine, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 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.

Buy -
Buyer

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 108 of 133
Sector (Distribution) 10 of 12
Type (Secondary Buyout) 18 of 24
State (Texas) 25 of 32
Country (United States) 94 of 118
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 Nolan Transportation Group

Atlanta, Georgia, United States

Nolan Transportation Group is a provider of truckload brokerage and third-party logistics services. Nolan Transportation Group was founded in 2005 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 HealthMark Group

Dallas, Texas, United States

HealthMark Group is a provider of digital health information management solutions for healthcare providers across the country. HealthMark patient engagement and release of information solutions help thousands of hospitals and clinics transform administrative processes into seamless digital encounters. HealthMark Group is based in Dallas, Texas.

Buy -

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.

DEAL STATS #
Overall 191 of 267
Sector (Distribution) 2 of 2
Type (Secondary Buyout) 22 of 36
State (Texas) 21 of 26
Country (United States) 137 of 193
Year (2018) 23 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-17 Tes Global

London, United Kingdom

Tes Global is an international provider of software services to make life easier for schools and teachers. All products and services are built with teachers and schools needs at the core, ensuring they are innovative, trusted education solutions. Tes Global products play a critical role helping teachers and school leaders deal with the challenges of teaching, including safeguarding and compliance, smart pupil management, and staff management. This dedication and focus supports educators across the globe in providing high quality education to millions of children using smart, flexible, and cost-effective solutions. A global Company, Tes Global was formed in 1910 and and operates across 10 offices, including in London, Sheffield, Hong Kong, Melbourne, Sydney, and Dubai.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-16 Fractal Analytics

Mumbai, India

Fractal Analytics is a provider of advanced analytics services and helps companies across the globe enhance profitability with the help of scientific decision-making. Fractal has deployed analytics to drive significant value for many Fortune 1000 companies in the areas of customer acquisition, retention, value enhancement, risk management, and marketing optimization. Fractal Analytics was founded in 2000 and is based in Mumbai, India.

Buy -
Mergr

Product

Company

Legal