M&A Deal Summary

Aquilex Acquires Inland Industrial Services Group

On December 31, 2013, Aquilex acquired environmental company Inland Industrial Services Group from Strength Capital Partners and Manulife Investment Management

Acquisition Highlights
  • This is Aquilex’s 1st transaction in the Environmental sector.
  • This is Aquilex’s 2nd transaction in the United States.
  • This is Aquilex’s 1st transaction in Michigan.

M&A Deal Summary
Date 2013-12-31
Target Inland Industrial Services Group
Sector Environmental
Buyer(s) Aquilex
Sellers(s) Strength Capital Partners
Manulife Investment Management
Deal Type Add-on Acquisition

Target

Inland Industrial Services Group

Detroit, Michigan, United States
Inland Industrial Services Group is a provider of industrial cleaning, maintenance and turnaround services to the petrochemical, power, steel, automotive, and oil refinery end‐markets. The company provides routine, daily, and turnaround cleaning and maintenance services, including hydroblasting, vacuuming, chemical cleaning and tank cleaning.

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Buyer(S) 1

Buyer

Aquilex

Atlanta, Georgia, United States
Category Company
Founded 2006
Sector Energy Services and Equipment
DESCRIPTION

Aquilex Corp. is a provider of critical maintenance, repair and industrial cleaning solutions to the energy industry.

DEAL STATS #
Overall 2 of 2
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 2 of 2
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-25 Aquilex Specialty Repair and Overhaul

Atlanta, Georgia, United States

Aquilex Specialty Repair and Overhaul LLC, is a global provider of critical recurring and commonly nondiscretionary maintenance, repair and overhaul services to a diverse base of blue-chip customers in the nuclear, fossil power, refining, chemical processing, pulp and waste‐to‐energy industries. Aquilex SRO's proprietary processes and highly-engineered technology solutions provide unique life extension options for critical plant infrastructure and utilize proprietary automated equipment and a specialized workforce.

Sell $250M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-11 HydroChem

Deer Park, Texas, United States

HydroChem LLC is a provider of industrial services, including chemical cleaning, hydroblasting, tank cleaning, and mechanical and industrial vacuuming.

Sell -

Seller(S) 2

SELLER

Strength Capital Partners

Birmingham, Michigan, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Strength Capital Partners (SCP) is a private equity firm that specializes in acquiring or providing late stage growth capital to Midwest US based companies. Areas of interest include the manufacturing, distribution, industrial, financial services, infrastructure, and consumer products sectors. The Firm takes a hands-on investment approach, looking to use firm resources and expertise to improve operational performance. SCP will not invest in high technology or internet businesses. Strength Capital Partners has offices in Birmingham, Michigan and Cincinnati, Ohio.

DEAL STATS #
Overall 3 of 10
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Michigan) 2 of 5
Country (United States) 3 of 10
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-01 Propane Services

Romulus, Michigan, United States

Propane Services is a distributor of propane to industrial and commercial customers, specialized in commercial and industrial propane along with construction and temporary heat services. Propane Services was founded in 1965 and is based in Romulus, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-04 ARCH Global

Bloomfield Hills, Michigan, United States

ARCH Global is a manufacturer of consumable cutting tools, medical instruments and implants and precision components. ARCH’s products serve a diverse set of large and growing end markets, including general industrial, medical, transportation and aerospace and defense. ARCH Global was formed in 2011 and is based in Livonia, Michigan.

Buy -
SELLER

Manulife Investment Management

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1998
Size Large
Type Sector Agnostic
DESCRIPTION

Manulife Investment Management is a private investment group that provides mezzanine as well as non-controlling equity capital to middle-market businesses. Manulife Investment's target investment size is $10 to $50 million per transaction. The Group prefers opportunities located in the US. Manulife Investment Management was established in 1998 and maintains offices in Boston and New York City.

DEAL STATS #
Overall 4 of 19
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 2 of 7
State (Michigan) 1 of 2
Country (United States) 4 of 18
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-26 Nellson Nutraceutical

Irwindale, California, United States

Nellson Nutraceutical is a formulator of branded and private-label nutritional bar and functional powder products in North America. The company develops and manufactures nutritional bars and functional powders in a wide variety of ingredient formulations and product formats for its customer base of consumer packaged goods companies and retailers across the wellness, sports nutrition, weight control, athletic/energy, and medical nutrition end-markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-19 Document Technologies

Atlanta, Georgia, United States

DTI is a privately held legal process outsourcing company in the US serving law firms and corporations. DTI helps its clients accelerate the changes they must make to remain competitive. DTI was founded in 1998 and is based in Atlanta, Georgia.

Sell -
Mergr

Product

Company

Legal