M&A Deal Summary

Arcline Investment Management Acquires Cooper Machinery Services

On July 18, 2019, private equity firm Arcline Investment Management acquired machinery company Cooper Machinery Services from Baker Hughes

Acquisition Highlights
  • This is Arcline Investment Management’s 1st transaction in the Machinery sector.
  • This is Arcline Investment Management’s 3rd transaction in the United States.
  • This is Arcline Investment Management’s 1st transaction in Texas.

M&A Deal Summary

Date 2019-07-18
Target Cooper Machinery Services
Sector Machinery
Buyer(s) Arcline Investment Management
Sellers(s) Baker Hughes
Deal Type Divestiture

Target

Cooper Machinery Services

Houston, Texas, United States
Cooper Machinery Services is an OEM and aftermarket solutions provider of machinery that transports natural gas. Cooper supplies parts and aftermarket services to a large installed base of highly respected brands. The company's brands include Cooper-Bessemer, Ajax, Superior, Gemini, Enterprise, TSI, CSI, TXC, and Joy. Cooper Machinery Services was founded in 1833 and is based in Houston, Texas.

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Buyer(S) 1

Buyer
DESCRIPTION

Arcline Investment Management is a private equity firm that seeks to invest in niche, market-leading companies. Arcline is a generalist investor, however the Firm prefers businesses in the industrials, technology, life science, and chemicals sectors. The Firm targets businesses with $10 to $100 million of EBITDA and valued up to $1 billion. Arcline was formed in 2018 and has offices in New York City and San Francisco.


DEAL STATS #
Overall 3 of 27
Sector (Machinery) 1 of 5
Type (Divestiture) 1 of 2
State (Texas) 1 of 2
Country (United States) 3 of 23
Year (2019) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Integrated Polymer Solutions

Long Beach, California, United States

Integrated Polymer Solutions is a manufacturer of custom, highly-engineered elastomeric components, such as seals, gaskets, and tooling for composite manufacturing, for the aerospace, military, biopharma, and specialty industrial end markets. Integrated Polymer Solutions was founded in 1985 and is based in Long Beach, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 Dark Horse Consulting Group

Walnut Creek, California, United States

Dark Horse Consulting Group is a global consultancy practice specializing in cell and gene therapy product development. Dark Horse's services have been used by over 100 industry leading life sciences clients to enhance their business intelligence, quality, manufacturing, regulatory, technology transfer and supply-chain practices. Dark Horse Consulting Group was founded in 2014 and is based in Walnut Creek, California.

Buy -

Seller(S) 1

SELLER

Baker Hughes

Houston, Texas, United States

Category Company
Sector Energy Services and Equipment
Employees57,000
Revenue 25.5B USD (2023)
DESCRIPTION

Baker Hughes is a provider of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company operates in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. Baker Hughes is headquartered in Houston, Texas.


DEAL STATS #
Overall 7 of 10
Sector (Machinery) 2 of 3
Type (Divestiture) 7 of 10
State (Texas) 5 of 6
Country (United States) 6 of 9
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-22 Baker Hughes - Rotoflow Turboexpander Business

Houston, Texas, United States

Baker Hughes - Rotoflow Turboexpander Business is a provider of an industrial gas and liquefied natural gas (LNG) turboexpander capabilities into growing hydrocarbon, petrochemical and energy segment.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-01 Lufkin

Missouri City, Texas, United States

Lufkin is a global provider of rod lift products, technologies, services and solutions, including automated control and optimization equipment and software for rod lift equipment to the oil and gas industry. Lufkin manufactures a complete line of surface pumping units, downhole sucker rod pumps and automation systems in six manufacturing and assembly facilities worldwide. Lufkin has an extensive global service footprint that operates throughout the oil-producing world. Lufkin was founded in 1902 and is based in Missouri City, Texas.

Sell -