M&A Deal Summary |
|
|---|---|
| Date | 2014-12-15 |
| Target | Charter Brokerage |
| Sector | Transportation |
| Buyer(s) | Berkshire Hathaway |
| Sellers(s) |
Arsenal Capital Partners
Audax Private Debt Fifth Street Capital |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1998 |
| Sector | Diversified |
| Employees | 396,500 |
| Revenue | 439.3B USD (2023) |
Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services. Berkshire Hathaway was founded in 1998 and is based in Omaha, Nebraska.
| DEAL STATS | # |
|---|---|
| Overall | 63 of 69 |
| Sector (Transportation) | 4 of 4 |
| Type (Add-on Acquisition) | 43 of 47 |
| State (Connecticut) | 4 of 4 |
| Country (United States) | 60 of 64 |
| Year (2014) | 5 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-11-13 |
Duracell
Bethel, Connecticut, United States Duracell is a manufacturer and marketer of alkaline batteries. It markets its products throughout North America, China, Europe, Latin America, Africa and the Middle East. Duracell was established in 1924 and is based in Bethel, Connecticut. |
Buy | $4.7B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-02-20 |
Detlev Louis Motorradvertriebs
Hamburg, Germany Detlev Louis Motorradvertriebs GmbH is a German motorcycle apparel and accessories retailer. |
Buy | €400M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 10.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Arsenal Capital Partners is a private equity firm focused on middle-market healthcare, specialty industrial, and financial service companies. Specifically, Arsenal looks to acquire businesses in the areas of specialty chemicals, aerospace/defense, transportation, environmental services, business services, insurance, asset management, financial technology, medical products, healthcare IT, and healthcare contract research/manufacturing. The Firm typically seeks to commit $50 to $300 million per investment in profitable businesses with at least $10 million of EBITDA. Funds are generally used to support buyouts, recapitalizations, growth financings, consolidations, and divestitures. The Firm avoids investing in companies reliant on high levels of technology. Arsenal Capital Partners was formed in 2000 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 35 |
| Sector (Transportation) | 1 of 1 |
| Type (Add-on Acquisition) | 8 of 17 |
| State (Connecticut) | 1 of 1 |
| Country (United States) | 13 of 32 |
| Year (2014) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-03-01 |
Danlin Industries
Thomas, Oklahoma, United States Danlin Industries, Inc. provides chemicals to support drilling, production, and transportation of oil and natural gas. The company has 24 locations throughout the US and is headquartered in Thomas, OK. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-01-01 |
Polyventive
Calhoun, Georgia, United States Polyventive is a manufacturer of specialty chemical solutions for the HI&I, Water Treatment, Personal Care, Construction, Soft Floor Covering, and Textile industries. Polyventive’s manufacturing, technical capabilities, applications expertise, and focus on solving customer problems has made it the first choice for industry leading solutions. Polyventive is based in Calhoun, Georgia. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 5.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies valued between $10 and $60 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations.
| DEAL STATS | # |
|---|---|
| Overall | 30 of 51 |
| Sector (Transportation) | 1 of 1 |
| Type (Add-on Acquisition) | 15 of 19 |
| State (Connecticut) | 2 of 2 |
| Country (United States) | 30 of 51 |
| Year (2014) | 6 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-09-18 |
Authority Brands
Columbia, Maryland, United States Authority Brands is a parent company of two home service franchisors, The Cleaning Authority and Homewatch CareGivers. Together, these brands provide recurring home services through more than 300 franchise locations in the U.S., Canada, and Latin America. Authority Brands was formed in 2017 and is based in Columbia, Maryland. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-02-03 |
EAB
Washington, District of Columbia, United States EAB is a provider of best practices research, student success management software and data-enabled enrollment solutions to the not-for-profit higher education and K-12 markets. The Company’s solutions help institutions increase enrollment yield, balance financial aid with revenue generation, drive higher student retention and success, and implement industry best practices derived from benchmarking and research. EAB was founded in 1983 and is based in Washington, Washington DC. |
Sell | - |
Fifth Street Capital is a public investment firm focused on providing mezzanine financing to support expansions, acquisitions, recapitalizations, and management buyouts of middle-market US based companies. Fifth Street looks to invest between $5 and $50 million per transaction. Sectors of interest include consumer products, healthcare services, manufacturing, medical device manufacturing, food services, business services, restaurants, speciality retail, logistics, and value added distribution. Fifth Street Capital is based in White Plains, New York.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 59 |
| Sector (Transportation) | 1 of 1 |
| Type (Add-on Acquisition) | 12 of 27 |
| State (Connecticut) | 2 of 3 |
| Country (United States) | 22 of 58 |
| Year (2014) | 9 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-12-10 |
DISA
Houston, Texas, United States DISA specializes in providing a comprehensive suite of employee testing, screening, and compliance management solutions to a diverse set of end markets. DISA was founded in 1986 and is based in Houston, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-01-20 |
I Drive Safely
Carlsbad, California, United States I Drive Safely is a provider of online driver training solutions serving teenagers, adults, senior citizens, and corporations. |
Sell | - |
