Divestiture • Building Materials

Anchorage Capital Partners Acquires Acrow Formwork & Scaffolding Pty

On October 1, 2010, private equity firm Anchorage Capital Partners acquired building materials company Acrow Formwork & Scaffolding Pty from Boral

Acquisition Context
  • This is Anchorage Capital Partners’ 1st transaction in the Building Materials sector.
  • This is Anchorage Capital Partners’ 3rd transaction in Australia.
Investment Fate
  • Acrow Formwork & Scaffolding Pty was sold to a publicly-traded strategic buyer in 2018.

Explore All 295 Divestiture Building Materials Deals - Search the Database Free


M&A Deal Summary

Date October 1, 2010
Target Acrow Formwork & Scaffolding Pty
Sector Building Materials
Buyer(s) Anchorage Capital Partners
Sellers(s) Boral
Deal Type Divestiture

Target Company

Acrow Formwork & Scaffolding Pty

Revesby, Australia
Acrow Formwork & Scaffolding Pty Ltd. operates a national network of scaffolding and formwork solutions branches, including the industry standard Acrow brand in formwork and Cuplock in scaffolding, consisting of 11 scaffolding branches, four formwork branches, and three dual formwork and scaffolding hybrid branches across Australia. The company presently holds the number three position in the overall Australian scaffolding market.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Anchorage Capital Partners

Sydney, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 810M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Anchorage Capital Partners is a specialized private equity firm that focuses on control investments in established businesses with a strong market position or brand which are not performing at their full potential, often as a result of capital constraints, lack of management attention or being a non-core ‘orphan’ in a large corporate. Target companies generally have at least A$100 million of revenue and are valued up to A$250 million. Anchorage will consider companies in a variety of sectors, however, the Firm avoids investing in technology, direct real estate or mineral exploration. The Firm will consider opportunities throughout Australia, New Zealand, and Southeast Asia. Anchorage Capital Partners was established in 2008 and is based in Sydney.


Deal Context for Buyer #
Overall 5 of 25
Sector: Building Materials 1 of 1
Type: Divestiture 2 of 7
Country: Australia 3 of 17
Year: 2010 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-23 Hampton Roads Bankshares

Virginia Beach, Virginia, United States

Hampton Roads Bankshares, Inc. operates as the bank holding company for Bank of Hampton Roads (BOHR) and Shore Bank that provide community and commercial banking services primarily to individuals and small to medium-sized businesses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-28 Total Eden Pty

Airport West, Australia

Total Eden Pty Ltd. is a retailer of sustainable water solutions and has specialist capabilities in the design, construction and operation of end to end water systems.

Buy -

Seller Profile 1

SELLER

Boral

Sydney, Australia

Category Company
Founded 1946
Sector Building Materials
Employees11,032
Revenue 5.7B AUD (2020)
DESCRIPTION

Boral is a multinational company focused on international building & construction materials supplier and products. Boral was founded in 1946 and is based in North Sydney, Australia.


Deal Context for Seller #
Overall 4 of 7
Sector: Building Materials 2 of 5
Type: Divestiture 4 of 7
Country: Australia 4 of 6
Year: 2010 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-31 Gocrete Pty

Maddington, Australia

Gocrete Pty Ltd. offers concrete placing services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-22 Owens Corning Masonry Products

Toledo, Ohio, United States

Buy -