M&A Deal Summary

B/E Aerospace Acquires LT Energy Services

On March 1, 2014, B/E Aerospace acquired distribution company LT Energy Services from Transition Capital Partners

Acquisition Highlights
  • This is B/E Aerospace’s 3rd transaction in the Distribution sector.
  • This is B/E Aerospace’s 13th transaction in the United States.
  • This is B/E Aerospace’s 2nd transaction in Texas.

M&A Deal Summary

Date 2014-03-01
Target LT Energy Services
Sector Distribution
Buyer(s) B/E Aerospace
Sellers(s) Transition Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)
Locke Lord (Legal)

Target

LT Energy Services

Houston, Texas, United States
LT Energy Services LLC provides high-quality surface rental equipment, as well as various other oilfield services.

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Buyer(S) 1

Buyer

B/E Aerospace

Wellington, Florida, United States

Category Company
Founded 1987
Sector Aerospace
Employees10,057
Revenue 2.7B USD (2015)
DESCRIPTION
Entrance to B/E Aerospace's corporate headquarters in Wellington, Florida.
Entrance to B/E Aerospace's corporate headquarters in Wellington, Florida.

B/E Aerospace, Inc. is a manufacturer of aircraft cabin interior products and a provider of aerospace fasteners, consumables and logistics services. B/E Aerospace designs, develops and manufactures a broad range of products for both commercial aircraft and business jets. B/E Aerospace manufactured products include aircraft cabin seating, lighting systems, oxygen systems, food and beverage preparation and storage equipment, galley systems, and modular lavatory systems.


DEAL STATS #
Overall 14 of 17
Sector: Distribution M&A 3 of 3
Type: Add-on Acquisition M&A Deals 8 of 11
State: Texas M&A 2 of 2
Country: United States M&A 13 of 15
Year: 2014 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-07 Wildcat Wireline

Marshall, Texas, United States

Wildcat Wireline LLC a cased hole wireline contractors in the oil and gas industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-07 Vision Oil Tools

Rock Springs, Wyoming, United States

Vision Oil Tools LLC provides fishing services and equipment rental to the oil and gas industry. Vision was founded in 2000 and is headquartered in Rock Springs, Wyoming with field offices in Gillette, Wyoming and Williston, North Dakota.

Buy $145M

Seller(S) 1

SELLER

Transition Capital Partners

Southlake, Texas, United States

Investor Investor Investor Investor


Category Family Office
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Transition Capital Partners is a private investment firm focused on leveraged recapitalizations of entrepreneurial service-based businesses. Transition generally looks for high-growth companies with $3 million to $20 million of EBITDA where the firm can help position the company for the next level of growth. Sectors of interest include healthcare services, non-asset based logistics, retail, alternative energy and services, security services, direct marketing, software, branded food/beverage, education, telecom, oil/gas services, and outsourcing. The Firm is affiliated with family office Patterson Thoma Investments. Transition Capital Partners was formed in 1993 and is based in Southlake, Texas.


DEAL STATS #
Overall 19 of 29
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 8
State: Texas M&A 5 of 12
Country: United States M&A 19 of 29
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-01 Coordinated Home Health Care

Las Cruces, New Mexico, United States

Coordinated Home Health Care provider of home health caregiver services in the State of New Mexico.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-17 Hospice Source

Carrollton, Texas, United States

Hospice Source is a full-service provider of respiratory therapy and medical equipment (“DME”) focused exclusively on the hospice market. Hospice Source was founded in 1997 and is based in Carrollton, Texas.

Buy -