M&A Deal Summary

Boyne Capital Partners Acquires ASAP Industries

On July 10, 2018, private equity firm Boyne Capital Partners acquired manufacturer ASAP Industries from American Capital

Acquisition Highlights
  • This is Boyne Capital Partners’ 2nd transaction in the Manufacturing sector.
  • This is Boyne Capital Partners’ 10th transaction in the United States.
  • This is Boyne Capital Partners’ 1st transaction in Louisiana.

M&A Deal Summary
Date 2018-07-10
Target ASAP Industries
Sector Manufacturing
Buyer(s) Boyne Capital Partners
Sellers(s) American Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

ASAP Industries

Houma, Louisiana, United States
ASAP Industries is a manufacturer of high-pressure flow control products and provider of BOP repair and recertification services primarily to the North American oil and gas industry. ASAP Industries was founded in 2003 and is based in Houma, Louisiana.

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Buyer(S) 1

Buyer

Boyne Capital Partners

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Boyne Capital Partners is a Florida-based investment group focused on smaller businesses with at least $2 million in cash-flow. Boyne targets companies in the US and Canada. Sectors of interest include niche manufacturing, specialty services (IT, healthcare, financial), value-added distribution, wastewater, 'next generation' energy, and restaurants. Boyne prefers control positions and will consider a variety of transaction situation, including buyouts, recapitalizations, divestitures, add-on acquisitions, and growth financings. Boyne was formed in 2006 and is based in Miami.

DEAL STATS #
Overall 10 of 27
Sector (Manufacturing) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 6 of 17
State (Louisiana) 1 of 1
Country (United States) 10 of 26
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-28 Greenrise Technologies

Murfreesboro, Tennessee, United States

Greenrise Technologies is a full-service green infrastructure firm that delivers innovative, reliable and precise engineered turnkey systems in the following areas, Greenroofs, Stormwater Management, Growing Medium, Componentry and Maintenance. With a relentless commitment to quality and service, we transform the performance requirements and aesthetic ideals of clients into thriving, customized, sustainable solutions that reduce the impact of development, improve quality of life, and exceed expectations every time. Greenrise Technologies was founded in 2007 and is based in Murfreesboro, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-30 IRONMARKETS

Fort Atkinson, Wisconsin, United States

IRONMARKETS is a provider of integrated marketing solutions across five business-to-business media platforms including digital, print, mobile, live events and social media to the heavy construction and food & supply chain logistics industries. IRONMARKETS was founded in 2014 and is based in Fort Atkinson, Wisconsin.

Buy -

Seller(S) 1

SELLER

American Capital

Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.

DEAL STATS #
Overall 189 of 194
Sector (Manufacturing) 16 of 16
Type (Buyout (LBO, MBO, MBI)) 4 of 4
State (Louisiana) 1 of 1
Country (United States) 181 of 186
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-19 Flexera

Itasca, Illinois, United States

Flexera is a provider of strategic software solutions for application usage management. The Company's solutions help clients deliver continuous compliance optimized usage and maximized value to application producers and their customers. Flexera was founded in 1987 and is based in Itasca, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 TestAmerica Environmental Services

North Canton, Ohio, United States

TestAmerica Environmental Services LLC is the largest provider of outsourced laboratory testing services in several of the most attractive niche segments within the $10 billion non-clinical outsourced laboratory testing services market. Company headquartered in Asheville, North Carolina.

Sell $175M
Mergr

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