M&A Deal Summary

Armor Holdings GP Acquires Simula

On April 24, 2003, Armor Holdings GP acquired safety/security company Simula from Levine Leichtman Capital Partners for 115M USD

Acquisition Highlights
  • This is Armor Holdings GP’s 1st transaction in the Safety/Security sector.
  • This is Armor Holdings GP’s largest (disclosed) transaction.
  • This is Armor Holdings GP’s 1st transaction in the United States.
  • This is Armor Holdings GP’s 1st transaction in Virginia.

M&A Deal Summary
Date 2003-04-24
Target Simula
Sector Safety/Security
Buyer(s) Armor Holdings GP
Sellers(s) Levine Leichtman Capital Partners
Deal Type Add-on Acquisition
Deal Value 115M USD
Advisor(s) W Partners Group LLC (Financial)

Target

Simula

Arlington, Virginia, United States
Simula, Inc. makes high-tech products designed to protect people in vehicles. As a research firm, Simula helps draft safety requirements for civil and military air transports; as a manufacturing firm, the company designs products to meet the new requirements. The company's business is split evenly between the military and commercial sectors.

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Buyer(S) 1

Buyer

Armor Holdings GP

Jacksonville, Florida, United States
Category Company
Founded 2000
Sector Aerospace
DESCRIPTION

Armor Holdings GP LLC provides security products and vehicle armor systems for the military, law enforcement, and commercial markets.

DEAL STATS #
Overall 1 of 1
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2003) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Levine Leichtman Capital Partners

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1984
PE ASSETS 12.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Levine Leichtman Capital Partners (LLCP) is a West Coast US based private investment firm that targets mezzanine and other structured equity investments in middle-market companies. The Firm has several funds, each with different strategies. LLCP's larger fund targets subordinated debt, preferred equity, and/or common equity investments in companies with $100 to $750 million of revenue. The Firm's smaller fund invests $5 to $15 million in emerging companies with less than $25 million in revenue. LLCP also invests in financially distressed businesses. LLCP was formed in 1984 and has offices in Beverly Hills, California; Chicago, Illinois; Dallas, Texas; New York City; and London.

DEAL STATS #
Overall 3 of 56
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 2 of 16
State (Virginia) 1 of 1
Country (United States) 3 of 51
Year (2003) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-03 SeaWest Financial

Long Beach, California, United States

SeaWest Financial Corporation purchaser, seller, servicer of retail automobile installment sale contracts originated by automobile dealers located throughout the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-03 CiCi s Pizza

Coppel, Texas, United States

CiCi's Pizza is engaged in franchising and operating sit-down pizza restaurants with more than 650 locations throughout the United States. CiCi's Pizza is based in Coppel, Texas.

Buy $90M
Mergr

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