M&A Deal Summary

Axios Industrial Group Acquires A&L Industrial Services

On June 5, 2020, Axios Industrial Group acquired construction company A&L Industrial Services from Hastings Equity Partners

Acquisition Highlights
  • This is Axios Industrial Group’s 1st transaction in the Construction sector.
  • This is Axios Industrial Group’s 1st transaction in the United States.
  • This is Axios Industrial Group’s 1st transaction in Texas.

M&A Deal Summary

Date 2020-06-05
Target A&L Industrial Services
Sector Construction
Buyer(s) Axios Industrial Group
Sellers(s) Hastings Equity Partners
Deal Type Merger
Advisor(s) Locke Lord (Legal)

Target

A&L Industrial Services

La Porte, Texas, United States
A&L Industrial Services is a provider of scaffolding, insulation, and industrial coating to refineries, petrochemical plants, and liquified natural gas facilities across the Gulf Coast. A&L Industrial Services was formed in 1985 and is based in Deer Park, Texas.

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Buyer(S) 1

Buyer

Axios Industrial Group

The Woodlands, Texas, United States

Category Company
Founded 1966
Sector Energy Services and Equipment
DESCRIPTION

Axios Industrial Group provides scaffolding, insulation, coatings, and associated specialty services to the energy sector with a focus on refining, petrochemical, and power generation throughout North America. Axios Industrial Group was formed in 1966 and is based in The Woodlands, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Construction) 1 of 1
Type (Merger) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

DESCRIPTION

Hastings Equity Partners is a private investment firm focused on small to mid-sized enterprises in the business and industrial services sector. Hastings looks to invest in and acquire North American companies with trailing EBITDA of $5 to $20 million. Hastings looks for control situations only and will consider funding buyouts (LBOs, MBOs), recapitalizations, and growth capital financings. Hastings Equity Partners was formed in 2004 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 18 of 20
Sector (Construction) 1 of 1
Type (Merger) 3 of 4
State (Texas) 5 of 6
Country (United States) 17 of 19
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-31 Specialty Welding and Turnarounds

Gonzales, Louisiana, United States

Specialty Welding and Turnarounds is a provider of specialty welding and other highly technical services to the oil and gas refinery, biodiesel, petrochemical, and industrial markets. Specialty Welding and Turnarounds was founded in 2014 and is based in Gonzales, Louisiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-03 MKD Electric

Elgin, Illinois, United States

MKD Electric is a full-service electrical, instrumentation, and systems, integration contractor. MKD Electric designs, builds, installs, and maintains client systems, projects and facilities by focusing on safety, quality and value through industry-leading training initiatives and relationship focus. MKD Electric was founded in 1995 and is based in Elgin, Illinois.

Buy -