M&A Deal Summary

Berkshire Partners Acquires NCS

On January 5, 2021, private equity firm Berkshire Partners acquired consumer services company NCS from AEA Investors

Acquisition Highlights
  • This is Berkshire Partners’ 3rd transaction in the Consumer Services sector.
  • This is Berkshire Partners’ 77th transaction in the United States.
  • This is Berkshire Partners’ 3rd transaction in Iowa.

M&A Deal Summary
Date 2021-01-05
Target NCS
Sector Consumer Services
Buyer(s) Berkshire Partners
Sellers(s) AEA Investors
Deal Type Recapitalization
Advisor(s) BlackArch (Financial)

Target

NCS

Grimes, Iowa, United States
NCS is a full-service fluids and systems provider to the vehicle care industry, including car wash systems, aftermarket parts, cleaning fluids, and vacuums all supported through its industry-leading distribution and services footprint. NCS was founded in 1973 and is based in Grimes, Iowa.

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Buyer(S) 1

Buyer

Berkshire Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $150 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 88 of 100
Sector (Consumer Services) 3 of 3
Type (Recapitalization) 23 of 23
State (Iowa) 3 of 3
Country (United States) 77 of 88
Year (2021) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-09 FoodChain ID

Fairfield, Iowa, United States

FoodChain ID is a provider of analytic testing, third-party certification, and consulting services to the agriculture and food industries. The company’s products are used for the testing of food and agricultural products to detect genetically modified organisms (GMOs) and to ensure compliance with national and international government regulations, client and trading partner demands, and consumer information needs. FoodChain ID was founded in 1996 and is based in Fairfield, Iowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 Comlinkdata

Boston, Massachusetts, United States

Comniscient is a provider of telecom data analytics software and insights. The company gives telecom providers a unique insight into consumer behavior. Through an online platform, combined with analytic services, It provides clients with the competitive data they need to help guide their strategic business decisions and optimize their network investments. Comlinkdata was formed in 2010 and is based in Boston, Massachusetts.

Buy -

Seller(S) 1

SELLER

AEA Investors

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

AEA Investors is a private investment firm focused on investing in and acquiring businesses headquartered primarily in the US, Europe, and China. AEA looks for companies operating in stable to growing industries with a proven ability to generate positive cash-flow. Broad sectors of interest include value-added industrial products/services, specialty chemicals, consumer products, and services. In addition to its primary middle-market private equity fund, AEA maintains additional funds targeted towards mezzanine financing, senior secured debt, and small business buyouts. AEA Investors was formed in 1968 and is based in New York City.

DEAL STATS #
Overall 63 of 78
Sector (Consumer Services) 3 of 3
Type (Recapitalization) 3 of 3
State (Iowa) 1 of 1
Country (United States) 59 of 71
Year (2021) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-31 Meritus Gas Partners

New York, New York, United States

Meritus Gas Partners is a national federation of high-quality independent distributors of industrial, medical, and specialty gases and associated welding and safety supplies, located in diverse geographies across North America and serving growing end-markets. Meritus Gas Partners is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 TricorBraun

St. Louis, Missouri, United States

TricorBraun is a distributor of rigid packaging solutions including containers, closures and related components. TricorBraun was established in 1902 and is headquartered in St. Louis, Missouri.

Sell -
Mergr

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