M&A Deal Summary

Axson Technologies Acquires Cass Polymers

On August 15, 2013, Axson Technologies acquired chemicals company Cass Polymers from Akoya Capital Partners and ShoreView Industries

Acquisition Highlights
  • This is Axson Technologies’ 1st transaction in the Chemicals sector.
  • This is Axson Technologies’ 1st transaction in the United States.
  • This is Axson Technologies’ 1st transaction in Oklahoma.

M&A Deal Summary
Date 2013-08-15
Target Cass Polymers
Sector Chemicals
Buyer(s) Axson Technologies
Sellers(s) Akoya Capital Partners
ShoreView Industries
Deal Type Add-on Acquisition

Target

Cass Polymers

Oklahoma City, Oklahoma, United States
Cass Polymers, Inc. is an operator of specialty chemical manufacturing company that produces several lines of commercial, industrial and military floor coatings as well as a line of resins, adhesives, and fillers for the automotive, yachting and industrial tooling markets. Cass Polymers is based in Oklahoma City.

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Buyer(S) 1

Buyer

Axson Technologies

Cergy Pontoise Cedex, France
Category Company
Founded 1994
Sector Chemicals
Revenue 75M CHF (2015)
DESCRIPTION

Axson Technologies engages in the field of epoxy and polyurethane polymer formulations for design, prototyping and tooling, structural adhesives, composite materials and encapsulation products for the automotive, aeronautical, nautical, renewable energy, sports & leisure and construction markets.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1

Seller(S) 2

SELLER

Akoya Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Akoya Capital Partners is a private equity firm focused on acquiring profitable US-based middle-market companies with $25 to $200 million in revenue. The Firm generally pursues privately-owned companies, especially family-owned businesses. Sectors of interest include chemicals, food, information services, consumer products, industrial products, and industrial distribution. Akoya Capital Partners was formed in 2005 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 11
Sector (Chemicals) 1 of 3
Type (Add-on Acquisition) 1 of 8
State (Oklahoma) 1 of 1
Country (United States) 1 of 11
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-20 Panhandle

Oklahoma City, Oklahoma, United States

Panhandle is an oil field services provider which serves a diversified base of customers in nine states. Panhandle was founded in 1989 and is based in Oklahoma City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-15 BlueWater Mfg.

Chaska, Minnesota, United States

BlueWater Mfg., Inc. is a manufacturer of pre-engineered, modular guardrail systems. BlueWater has been manufacturing the easy-to-install SafetyRail 2000 guardrail which has become the leading product for non-penetrating fall protection systems for roof edge safety applications. BlueWater was founded in 2001 and is based in Chaska, Minnesota.

Buy -
SELLER

ShoreView Industries

Category Private Equity Firm
Founded 2002
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ShoreView Industries is a middle-market private investment principally focused on partnering with family or entrepreneurial-owned companies. ShoreView will consider a variety of investment situations, including buyouts, leveraged recapitalizations, minority investments, and industry consolidations. Areas of interest include engineered products, distribution, industrial services, business services, and niche consumer products. ShoreView industries was established in 2002 and is headquartered in Minneapolis, Minnesota.

DEAL STATS #
Overall 9 of 29
Sector (Chemicals) 1 of 2
Type (Add-on Acquisition) 5 of 9
State (Oklahoma) 1 of 2
Country (United States) 9 of 28
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-08 Rollease Acmeda

Stamford, Connecticut, United States

Rollease Acmeda is a designer, manufacturer, and value-added distributor of components and fabrics for custom window coverings. The company is the market leader in clutch-based operating systems for roller shades and is at the forefront of the industry for innovation in motorization and child safety. Rollease Acmeda was established in 1980 and is based in Stamford, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-31 Niagara Thermal Products

Niagara Falls, New York, United States

Niagara Thermal Products LLC is a manufacturer and marketer of specialty heat removal systems such as heat sinks, thermal heat exchangers and fin materials.

Buy -
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