M&A Deal Summary

Bain Capital Private Equity Acquires Harrington

On September 7, 2023, private equity firm Bain Capital Private Equity acquired distribution company Harrington from Nautic Partners

Acquisition Highlights
  • This is Bain Capital Private Equity’s 11th transaction in the Distribution sector.
  • This is Bain Capital Private Equity’s 116th transaction in the United States.
  • This is Bain Capital Private Equity’s 18th transaction in California.

M&A Deal Summary

Date 2023-09-07
Target Harrington
Sector Distribution
Buyer(s) Bain Capital Private Equity
Sellers(s) Nautic Partners
Deal Type Secondary Buyout
Advisor(s) Jefferies
William Blair (Financial)
McDermott Will & Emery (Legal)

Target

Harrington

Chino, California, United States
Harrington is a distributor of industrial products for corrosive and high-purity applications. The company distributes and fabricates products that move fluids in corrosive and high-purity process applications. Products include thermoplastic pipes, valves, fittings, tanks, tubing and hose, pumps, filtration, and instrumentation. Harrington was founded in 1959 and is based in Chino, California.

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Buyer(S) 1

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 224 of 235
Sector (Distribution) 11 of 11
Type (Secondary Buyout) 61 of 65
State (California) 18 of 20
Country (United States) 116 of 124
Year (2023) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-15 Fogo de Chao

Dallas, Texas, United States

Fogo de Chao is a Brazilian steakhouse, or churrascaria, which has specialized in fire-roasting high-quality meats utilizing the centuries-old Southern Brazilian cooking technique of churrasco. Fogo de Chao was founded in 1979 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-19 Sunac China Holdings

Beijing, China

Sunac China Holdings is an integrated residential and commercial property developer. Sunac is engaged in project developments in the Bohai-rim, South Jiangsu and Chengdu-Chongqing regions, which are currently in different phases and has covered a diverse range of property types, such as high-rise and mid-rise residences, detached villas, retail properties, offices and parking spaces. Sunac China Holdings was founded in 2003 and is based in Beijing, China.

Sell -

Seller(S) 1

SELLER

Nautic Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Nautic Partners is a private equity firm focused on middle-market company investments based in the US. Nautic looks to invest $50 to $400 million of equity in businesses valued between $100 million and $1 billion. Nautic's industry focus is business services, manufacturing, healthcare, and communications. Prospective investment structures include buyouts, recapitalizations, consolidations, and growth financings. Nautic prefers majority investment positions. Nautic Partners was formed in 1986 and is based in Providence, Rhode Island.


DEAL STATS #
Overall 47 of 47
Sector (Distribution) 2 of 2
Type (Secondary Buyout) 20 of 20
State (California) 5 of 5
Country (United States) 46 of 46
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-28 Venturi Restoration

Schaumburg, Illinois, United States

Venturi Restoration is a property reconstruction and renovation industries serving thousands of residential, commercial and multi-family customers from United States. Venturi Restoration was founded in1997 and is based in Schaumburg, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-13 Angels of Care Pediatric Home Health

Sherman, Texas, United States

Angels of Care Pediatric Home Health is a provider of long-term home health services to pediatric patients with complex medical conditions and employs over 3,000 clinicians across 18 locations. The company provides high-quality private duty nursing care, skilled therapy, and other home health services to patients in Texas and Colorado. Angels of Care Pediatric Home Health was founded in 2000 and is based in Sherman, Texas.

Buy -