M&A Deal Summary

Bison Capital Asset Management and Angeles Equity Partners Acquire Precision Surfacing Solutions

On October 11, 2022, asset manager Bison Capital Asset Management and private equity firm Angeles Equity Partners acquired machinery company Precision Surfacing Solutions

Acquisition Highlights
  • This is Bison Capital Asset Management’s 1st and Angeles Equity Partners’ 1st transaction in the Machinery sector.
  • This is Bison Capital Asset Management’s 1st and Angeles Equity Partners’ 1st transaction in Germany.

M&A Deal Summary
Date 2022-10-11
Target Precision Surfacing Solutions
Sector Machinery
Buyer(s) Bison Capital Asset Management
Angeles Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Precision Surfacing Solutions

Rendsburg, Germany
Precision Surfacing Solutions is a developer of technology to produce micron accuracy surface finishes. Precision Surfacing Solutions is based in Rendsburg, Germany.

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Buyer(S) 2

Buyer

Bison Capital Asset Management

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2001
PE ASSETS 10.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bison Capital is a private equity firm which makes non-control investments in middle-market companies with revenue of $20 to $500 million and at least $5 million of EBITDA. Bison Capital invests in businesses to finance their growth, balance sheet restructurings, recapitalizations, and to fund buyouts. Bison looks to invest between $10 and $30 million per transaction. Bison Capital was formed in 2001 and is based in Los Angeles, California with an additional office in Charlotte, North Carolina.

DEAL STATS #
Overall 31 of 32
Sector (Machinery) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 7 of 7
Country (Germany) 1 of 1
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Quixote Studios

West Hollywood, California, United States

Quixote Studios is a provider of sound stages and production services to the entertainment industry. Quixote rents sound stages, cast trailers, trucks, grip and lighting and other equipment essential for content production.

Sell $360M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-31 MPA

Torrance, California, United States

MPA is a remanufacturer, manufacturer and distributor of automotive aftermarket parts -- including alternators, starters, wheel hub assembly products and brake master cylinders utilized in imported and domestic passenger vehicles, light trucks and heavy duty applications. MPA was founded in 1968 and is based in Torrance, California.

Buy -
Buyer

Angeles Equity Partners

Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 360M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Angeles Equity Partners LLC is a private equity firm focused on acquiring North American headquartered companies valued up to $350 million. Angeles is a hands-on investor and prefers underperforming companies in need of restructuring, non-core assets of larger businesses, or family/founder owned businesses that could benefit from operational assistance. Target sectors include automotive, building materials, machinery, chemicals, electronics, manufacturing, metals, transportation/logistics, packaging, and distribution. Angeles Capital Partners was formed in 2014 and is based in Los Angeles, California.

DEAL STATS #
Overall 12 of 16
Sector (Machinery) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 6 of 8
Country (Germany) 1 of 1
Year (2022) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-22 Freymiller

Oklahoma City, Oklahoma, United States

Freymiller is a provider of temperature-controlled, time-sensitive freight transportation and logistics solutions. The Company offers a unique suite of highly complementary service offerings through a combination of an asset-based fleet, asset-light brokerage capabilities, and a full-service trucking dealership offering service & maintenance, and financing. Its national network delivers freight in 48 states serving a large and diverse customer base and is one of the few temperature-controlled platforms of scale in the industry. Freymiller is based in Oklahoma City, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-08 Data Clean

Des Plaines, Illinois, United States

Data Clean provides mission-critical contamination control and removal services for data centers and other telecommunications facilities (through its “Data Clean” branded division) and biopharmaceutical and life sciences cleanrooms (through its “Sterile Science” branded division). Its services play an integral role in ensuring efficient performance, preventing costly downtime, and maintaining regulatory compliance in these highly sensitive environments. Supported by its technically skilled workforce, the company provides recurring maintenance and pre-and post-construction decontamination services for a nationwide, blue-chip customer base. Data Clean is based in Des Plaines, Illinois.

Buy -
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