M&A Deal Summary

BlackEagle Partners Acquires Waste Associates

On February 1, 2010, private equity firm BlackEagle Partners acquired environmental company Waste Associates from Gemini Investors

Acquisition Highlights
  • This is BlackEagle Partners’ 1st transaction in the Environmental sector.
  • This is BlackEagle Partners’ 6th transaction in the United States.
  • This is BlackEagle Partners’ 1st transaction in Virginia.

M&A Deal Summary

Date 2010-02-01
Target Waste Associates
Sector Environmental
Buyer(s) BlackEagle Partners
Sellers(s) Gemini Investors
Deal Type Secondary Buyout
Advisor(s) BB&T Capital Markets (Financial)

Target

Waste Associates

Richmond, Virginia, United States
Waste Associates, LLC is a waste management company specializing in the transportation and disposal of construction and demolition debris, non-hazardous contaminated soils, and certain types of industrial waste.

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Buyer(S) 1

Buyer

BlackEagle Partners

Bloomfield Hills, Michigan, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

BlackEagle Partners is a private investment firm that targets both financially sound businesses as well as distressed companies in need of operational improvement. Targeted distressed situations include divestitures, companies in breach of their covenants, companies in or near bankruptcy, businesses impacted by 'external shocks and globalization', and businesses in out-of-favor industries. Prospective companies generally have revenues of $25 to $250 million and EBITDA of up to $15 million. BlackEagle's target investment size is $5 to $40 million and the firm only considers control positions. Sectors of interest include aerospace/defense, building products, construction services, consumer products, distribution, healthcare products/services, industrial products/services, natural resources, niche manufacturing, and transportation. BlackEagle Partners was formed in 2007 and is based in Bloomfield Hills, Michigan.


DEAL STATS #
Overall 6 of 6
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Virginia) 1 of 1
Country (United States) 6 of 6
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-01 Eurodesign Cabinets

Pomona, California, United States

Eurodesign Cabinets, Inc. is a manufacturer and installer of high-end kitchen cabinets. Eurodesign produces a broad range of customized cabinetry for quality builders and architects in the western U.S.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-21 Federal Broach & Machine

Harrison, Michigan, United States

Federal Broach & Machine Company is a manufacturer of specialized broach machines and broach tools.

Sell -

Seller(S) 1

SELLER

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 9 of 48
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 2 of 13
State (Virginia) 1 of 1
Country (United States) 9 of 48
Year (2010) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Telscape Communications

Los Angeles, California, United States

Telscape Communications, Inc. is a competitive local exchange Carrier and high speed internet services provider.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-12 Wingstop

Dallas, Texas, United States

Wingstop is a chicken wing restaurant chain. Wingstop was founded in 1994 and is based in Dallas, Texas.

Sell -