Secondary Buyout • Aerospace

ATL Partners and BCI Acquire Valence Surface Technologies

On July 8, 2019, private equity firm ATL Partners and asset manager BCI acquired aerospace company Valence Surface Technologies from Trive Capital

Acquisition Context
  • This is ATL Partners’ 1st and BCI’s 1st transaction in the Aerospace sector.
  • This is ATL Partners’ 4th and BCI’s 5th transaction in the United States.
  • This is ATL Partners’ 1st and BCI’s 1st transaction in California.

Explore All 103 Secondary Buyout Aerospace Deals - Search the Database Free


M&A Deal Summary

Date July 8, 2019
Target Valence Surface Technologies
Sector Aerospace
Buyer(s) ATL Partners
BCI
Sellers(s) Trive Capital
Deal Type Secondary Buyout
Advisor(s) Lazard (Financial)

Target Company

Valence Surface Technologies

El Segundo, California, United States
Valence Surface Technologies is a provider of aerospace surface finishing services, which has historically been a highly fragmented, geographically focused, and technically challenging part of the supply chain. The company was built to offer a differentiated, full-service, supply chain solution for critical, complex parts to the aerospace industry, delivering the lead times, capacity, and technical resources needed to match growing aircraft build rate demand. Valence Surface Technologies was founded in 1957 and is based in El Segundo, California.
Explore More Deals

Browse All 215,130 Deals

FILTER BY

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

Search Free

Buyers Overview 2

DESCRIPTION

ATL Partners is a private investment firm focused on private equity and debt investments in the aerospace, transportation, and logistics sectors. ATL's minimum investment size is $75 million, however the Firm has the ability to invest up to $750 million with its co-investment partners. ATL Partners was formed in 2014 and is based in New York City.


Deal Context for Buyer #
Overall 4 of 8
Sector: Aerospace 1 of 1
Type: Secondary Buyout 2 of 3
State: California 1 of 1
Country: United States 4 of 8
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 Rock-It

New York, New York, United States

Rock-It is a provider of freight forwarding and logistics to the music touring, fine arts, sports & live events, film & TV production, corporate events, and industrial projects end markets through its family of affiliated brands including Rock-it Global, Dietl, Cosdel, CargoLive, and Dynamic International. Rock-It was founded in 1978 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-19 GEOST

Tucson, Arizona, United States

Geost is a designer and integrator of small-to-medium-sized electro-optical/infrared sensors for high-value, national security space missions. Geost was founded in 2004 and is based in Tucson, Arizona.

Buy -
Buyer

BCI

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1999
PE ASSETS 21.1B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

British Columbia Investment Management Corp. (BCI) is large asset manager focused on providing investment management services to British Columbia’s public sector. The Firm looks to invest in a range of asset categories and will consider opportunities globally. BCI's private equity practice was established in 1995 and seeks leverage buyout and growth equity opportunities that include market leading companies with tangible downside protection. Portfolio companies have a sustainable competitive advantage, offer value-added products and services, and are led by talented management teams. British Columbia Investment Management Corp. is headquartered in Victoria, British Columbia.


Deal Context for Buyer #
Overall 13 of 32
Sector: Aerospace 1 of 1
Type: Secondary Buyout 5 of 14
State: California 1 of 1
Country: United States 5 of 15
Year: 2019 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-05 Navitas

Perth, Australia

Navitas is an education provider that offers an extensive range of educational services through three major Divisions to students and professionals including university programs, creative media education, professional education, English language training and settlement services. Navitas was founded in 1994 and is based in Perth, Western Australia.

Buy $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-28 Waterlogic

High Wycombe, United Kingdom

Waterlogic is a designer, manufacturer, distributor and operator of mains attached point-of-use ("POU") drinking water purification and dispensing systems designed for environments such as offices, factories, hospitals, hotels, schools, restaurants, and other workplaces. Waterlogic was founded in 1992 and is based in High Wycombe, United Kingdom.

Buy -

Seller Profile 1

SELLER

Trive Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2012
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trive Capital is a hands-on, operationally-focused private equity firm that targets complex or special situations in 'out of favor' but protected market niches. The Firm will consider businesses throughout North America offering differentiated products/services with leading/defensible industry positions. Trive looks to commit $10 to $300 million per investment in businesses generating revenues of $40 million to $1.5 billion. Sectors of interest include automotive, transportation, aerospace/defense, building products, construction, infrastructure, healthcare, manufacturing, industrial, chemicals, distribution, consumer goods, energy services, business services, and communications. Trive Capital was founded in 2012 and is based in Dallas, Texas.


Deal Context for Seller #
Overall 7 of 17
Sector: Aerospace 1 of 3
Type: Secondary Buyout 2 of 5
State: California 2 of 3
Country: United States 7 of 16
Year: 2019 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 Cadient Talent

Morrisville, North Carolina, United States

Cadient Talent provides applicant tracking and assessment products, delivered via a software-as-a-service model, to customers throughout the United States and Canada. Cadient offers one unified recruiting platform for salaried and hourly positions and is a leader in solving the complexities of high-volume, hourly hiring. The solution provides distributed managers with a constant pipeline of high-quality candidates for their workforce. Cadient Talent is based in Morrisville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-22 Precise Packaging

Fall River, Massachusetts, United States

Precise Packaging, Inc. manufacturer of small-format aerosol and liquid products for the personal care, home fragrance and over-the-counter end markets. Precise Packaging was founded in 1988 and is based in Fall River, Massachusetts.

Sell -