M&A Deal Summary

American Securities Acquires NWN Carousel

On February 8, 2024, private equity firm American Securities acquired information technology company NWN Carousel from New State Capital Partners

Acquisition Highlights
  • This is American Securities’ 3rd transaction in the Information Technology sector.
  • This is American Securities’ 79th transaction in the United States.
  • This is American Securities’ 1st transaction in Rhode Island.

M&A Deal Summary

Date 2024-02-08
Target NWN Carousel
Sector Information Technology
Buyer(s) American Securities
Sellers(s) New State Capital Partners
Deal Type Secondary Buyout

Target

NWN Carousel

Exeter, Rhode Island, United States
NWN Carousel is a provider of information systems services and solutions. These include unified communications services, data center and virtualization, network infrastructure, end user computing, applications and data services, IT staffing services, and managed services. NWN Carousel was founded in 1986 and is based in Exeter, Rhode Island.

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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 80 of 80
Sector (Information Technology) 3 of 3
Type (Secondary Buyout) 37 of 37
State (Rhode Island) 1 of 1
Country (United States) 79 of 79
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-31 Foundation Building Materials

Santa Ana, California, United States

Foundation Building Materials is a specialty building products distributor of gypsum wallboard, suspended ceiling systems, metal framing, insulation, and complementary products throughout North America. Foundation Building Materials was founded in 2011 and is based in Santa Ana, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-22 Acuren

Tomball, Texas, United States

Acuren is a provider of non-destructive testing and related services to energy and industrial end markets in North America. Acuren serves over 8,000 individual customer sites through its 84 field offices in the United States, Canada, and the United Kingdom. Acuren was founded in 1974 and is based in Tomball, Texas.

Sell -

Seller(S) 1

SELLER

New State Capital Partners

Larchmont, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

New State Capital Partners is a private investment group focused on middle-market opportunities in the business services, healthcare and industrial sectors. The Firm will consider both majority and minority investments in funding a variety of situations. New State can invest up to $100 million in transactions valued up to $250 million. The Firm was formed in 2013 and is based in New York City.


DEAL STATS #
Overall 4 of 4
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Rhode Island) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-15 Finnoff Aviation Products

Broomfield, Colorado, United States

Finnoff Aviation Products is an international company specializing in performance products for Pilatus PC-12 aircraft worldwide for commercial and governmental use. The company was founded for the development, certification, and sales of products designed to enhance the performance, safety, comfort, and ease of use of the Pilatus PC-12 and Beechcraft King Air. Finnoff Aviation Products is based in Broomfield, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-14 Universal Plant Services - Rotating Equipment Segment

Deer Park, Texas, United States

Universal Plant Service's Rotating Equipment Segment is a specialty equipment service provider related to all rotating, reciprocating and machinery. Universal Plant Services' Rotating Equipment Segment is based in Deer Park, Texas.

Buy -