M&A Deal Summary

American Working Capital Acquires Concord Maritime

On April 18, 2018, merchant bank American Working Capital acquired business services company Concord Maritime

Acquisition Highlights
  • This is American Working Capital’s 1st transaction in the Business Services sector.
  • This is American Working Capital’s 4th transaction in the United States.
  • This is American Working Capital’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2018-04-18
Target Concord Maritime
Sector Business Services
Buyer(s) American Working Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Concord Maritime

Stamford, Connecticut, United States
Concord Maritime provides commercial management of third party crude tankers. In addition to providing commercial management services, the Company has been well capitalized to engage in significant time charter activity, projects and alternative working capital arrangements for tanker owners in conjunction with its commercial platform. Concord Maritime was founded in 2018 and is based in Stamford, Connecticut.

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Buyer(S) 1

Buyer

American Working Capital

Investor Investor Investor Investor Investor

Category Merchant Bank
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

American Working Capital is a financial advisory and investment firm focused on partnering with and advising companies valued between $25 and $250 million. Within its investing activity, American Working Capital will consider equity and junior capital investments of $5 to $50 million to support management buyouts, acquisitions, growth needs, and recapitalizations. Sectors of interest include business services, consumer products, defense, distribution, government services, healthcare, transportation, and manufacturing. American Working Capital was established in 2007 and is based in Chicago, Illinois.

DEAL STATS #
Overall 4 of 6
Sector (Business Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Connecticut) 1 of 1
Country (United States) 4 of 6
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-03 Medway Air Ambulance

Lawrenceville, Georgia, United States

Medway Air Ambulance is a provider of fixed-wing medical air ambulance services. The Company is the provider of choice for insurance companies, hospitals and governments worldwide. Medway Air Ambulance was founded in 1987 and is based in Lawrenceville, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 NRE

Mount Vernon, Illinois, United States

NRE is a provider of remanufactured locomotives for sale or lease, third-party locomotive and marine engine overhaul and maintenance services, and locomotive parts and components. NRE was founded in 1984 and is based in Mount Vernon, Illinois.

Sell -
Mergr

Product

Company

Legal