M&A Deal Summary

Asahi Kasei Acquires Erickson Construction

On November 5, 2018, Asahi Kasei acquired construction company Erickson Construction from Atlas Holdings

Acquisition Highlights
  • This is Asahi Kasei’s 1st transaction in the Construction sector.
  • This is Asahi Kasei’s 4th transaction in the United States.
  • This is Asahi Kasei’s 1st transaction in Arizona.

M&A Deal Summary

Date 2018-11-05
Target Erickson Construction
Sector Construction
Buyer(s) Asahi Kasei
Sellers(s) Atlas Holdings
Deal Type Add-on Acquisition

Target

Erickson Construction

Chandler, Arizona, United States
Erickson Construction Co., Inc. is a construction services and pre-fabricated building products company. It provides turnkey framing services, framing packages, trusses, and other products to builders and developers. Erickson Construction Co., Inc. was founded in 1975 and is based in Chandler, Arizona.

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Buyer(S) 1

Buyer

Asahi Kasei

Tokyo, Japan

Category Company
Founded 1922
Sector Chemicals
Employees49,295
Revenue 2.78T JPY (2024)
DESCRIPTION

Asahi Kasei provides chemicals Segment offers organic and inorganic industrial chemicals, synthetic resin, synthetic rubber, high-compound fertilizer, coating materials, latex, pharmaceutical and food additives, explosives, photopolymers and platemaking systems, separation and ion-exchange membranes, systems, and equipment. Asahi Kasei was incorporated in 1922 and is based in Tokyo, Japan.


DEAL STATS #
Overall 4 of 5
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Arizona) 1 of 1
Country (United States) 4 of 5
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-19 Sage Automotive Interiors

Greenville, South Carolina, United States

Sage Automotive Interiors, Inc. is a provider of an automotive bodycloth, including a range of knit and woven technical textiles, to many of the world's leading automobile manufacturers. Sage has global offices and manufacturing locations in the U.S., Brazil, United Kingdom, China, Korea and Japan and has contract manufacturing relationships worldwide.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-25 Veloxis Pharmaceuticals

Cary, North Carolina, United States

Veloxis Pharmaceuticals is a fully integrated specialty pharmaceutical company that develops a clinically validated drug-delivery platform for overcoming the deficiencies of drugs with low water solubility, thus improving the bioavailability of marketed drugs and new chemical entities (NCEs). Veloxis Pharmaceuticals is based in Cary, North Carolina.

Buy kr.8.9B

Seller(S) 1

SELLER

Atlas Holdings

Greenwich, Connecticut, United States

Category Private Equity Firm
Founded 2002
Size Large
Type Sector Agnostic
DESCRIPTION

Atlas Holdings is a private equity and investment holding firm focused on acquiring controlling interests in businesses operating in traditional, basic industries. Areas of interest include automotive, business services, industrial services, building materials, pulp and paper, distribution, energy, packaging, specialty steel and wood products. The Firm will participate in bankruptcy investments, highly structured equity and debt investments, leveraged ESOP acquisitions, out-of-court restructurings, and roll-ups. Atlas typically partners with private and institutional investors and structures one investment at a time. Atlas Holdings was established in 2002 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 6 of 12
Sector (Construction) 1 of 2
Type (Add-on Acquisition) 4 of 5
State (Arizona) 1 of 1
Country (United States) 5 of 11
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-12 Granite Shore Power

Bow, New Hampshire, United States

Granite Shore Power is comprised of five generating assets in New Hampshire formerly owned by Public Service Company of New Hampshire (PSNH) d/b/a Eversource Energy. These facilities include Merrimack Station in Bow, Newington Station in Newington, Schiller Station in Portsmouth and combustion turbines located in Northumberland and Tamworth.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-04 Saxco

Concord, California, United States

Saxco International LLC is a provider of rigid packaging solutions to the wine, beer, liquor, and food industries. Saxco International was founded in 1936 and is based in Concord, California.

Buy -