M&A Deal Summary

Atlas Holdings Acquires Permasteelisa

On May 1, 2020, private equity firm Atlas Holdings acquired engineering company Permasteelisa from LIXIL

Acquisition Highlights
  • This is Atlas Holdings’ 1st transaction in the Engineering sector.
  • This is Atlas Holdings’ 1st transaction in Italy.

M&A Deal Summary

Date 2020-05-01
Target Permasteelisa
Sector Engineering
Buyer(s) Atlas Holdings
Sellers(s) LIXIL
Deal Type Divestiture

Target

Permasteelisa

Vittorio Veneto, Italy
Permasteelisa is a global engineering and construction company specializing in the design, manufacture, and installation of architectural envelopes. The Company provides curtain wall, façade, and interior systems for commercial buildings, collaborating with architects and developers worldwide. Permasteelisa was founded in 1973 and is headquartered in Vittorio Veneto, Italy.

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Buyer(S) 1

Buyer

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 28 of 40
Sector: Engineering M&A 1 of 1
Type: Divestiture M&A Deals 9 of 14
Country: Italy M&A 1 of 1
Year: 2020 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-08 Flagstone Foods

Minneapolis, Minnesota, United States

Flagstone Foods is a manufacturer and distributor of private-label snacks for retailers and foodservice providers. The Company produces a range of nuts, trail mixes, and dried fruit products, offering product development, roasting, seasoning, and packaging capabilities. Flagstone Foods was founded in 2010 and is headquartered in Minneapolis, Minnesota.

Buy $90M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-25 Stryten Energy

Alpharetta, Georgia, United States

Stryten Energy is a manufacturer of energy storage and power solutions serving transportation, industrial, and stationary applications. The Company designs and produces advanced lead, lithium, and vanadium battery systems used in motive power, network infrastructure, and renewable energy storage. Stryten Energy is headquartered in Alpharetta, Georgia.

Buy -

Seller(S) 1

SELLER

LIXIL

Tokyo, Japan

Category Company
Founded 1875
Sector Building Materials
Employees48,660
Revenue 1.50T JPY (2025)
DESCRIPTION

LIXIL manufactures and distributes building materials and housing equipment, as well as related services. LIXIL was founded in 1923 and is based in Tokyo, Japan.


DEAL STATS #
Overall 3 of 4
Sector: Engineering M&A 1 of 1
Type: Divestiture M&A Deals 3 of 4
Country: Italy M&A 1 of 1
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-20 Hivic

Saitama, Japan

Hivic is a manufacturer and seller of precut timber, sales of timber, building materials, housing equipment and others, sales of building components, and construction and sales of custom-build wooden houses. Hivic was founded in 1966 and is based in Saitama, Japan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-09 Lixil Viva

Saitama, Japan

Lixil Viva Corp. provides consumers with a unique array of housing and lifestyle-related products, materials, and services through its Super VIVA Home and VIVA Home stores in Japan. The company has established a solid position in its industry by offering consumers and business customers a one stop solution in its vast stores.

Sell -