M&A Deal Summary

Brambles Acquires National Recovery Systems

On January 1, 2000, Brambles acquired environmental company National Recovery Systems from First Analysis and Argentum Capital Partners

Acquisition Highlights
  • This is Brambles’ 1st transaction in the Environmental sector.
  • This is Brambles’ 1st transaction in the United States.
  • This is Brambles’ 1st transaction in Indiana.

M&A Deal Summary
Date 2000-01-01
Target National Recovery Systems
Sector Environmental
Buyer(s) Brambles
Sellers(s) First Analysis
Argentum Capital Partners
Deal Type Add-on Acquisition

Target

National Recovery Systems

East Chicago, Indiana, United States
National Recovery Systems Inc. specialized in blending, agglomerating, and recycling waste materials and by-products for heavy industry. NRS used its proprietary binder technology to manufacture a briquette, composed primarily of steel-mill waste, that is suitable for recharging back into the steel-making process. The company owned and operated National Briquette Corp., which processed blended and packaged products and high-volume by-products for both integrated and mini-mills.

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Buyer(S) 1

Buyer

Brambles

Sydney, Australia
Category Company
Founded 1875
Sector Transportation
Employees12,743
Revenue 6.5B USD (2024)
DESCRIPTION

Brambles is a supply-chain logistics company operating primarily through the CHEP and IFCO brands. Brambles enhances performance for customers by helping them transport goods through their supply chains more efficiently, sustainably and safely. The Group's primary activity is the provision of reusable unit-load equipment such as pallets, crates and containers for shared use by multiple participants throughout the supply chain, under a model known as "pooling". Brambles primarily serves the fast-moving consumer goods (e.g. dry food, grocery, and health and personal care), fresh produce, beverage, retail and general manufacturing industries, counting many of the world's best-known brands among its customers. The Group also operates specialist container logistics business serving the automotive sector. Brambles was founded in 1875 and is based in Sydney, Australia.

DEAL STATS #
Overall 1 of 9
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 1 of 9
State (Indiana) 1 of 1
Country (United States) 1 of 3
Year (2000) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-09 Gardemann Arbeitsbühnen

Alpen, Germany

Gardemann Arbeitsbühnen GmbH is a Germany's third largest supplier of powered access rental equipment, with a fleet of over 1,700 powered access units, a network of 23 depots and approximately 250 staff. The business is headquartered in Alpen, Germany (some 60 kilometres north-west of Dusseldorf), where the central management team, national call centre, fleet repair, finance, marketing, human resources and IT support operations are based.

Sell €46M

Seller(S) 2

SELLER

First Analysis

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 1981
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.

DEAL STATS #
Overall 11 of 71
Sector (Environmental) 5 of 6
Type (Add-on Acquisition) 7 of 51
State (Indiana) 1 of 2
Country (United States) 11 of 70
Year (2000) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 NetBOA

United States

netBOA outsourced COBRA benefits administration, HIPAA (Health Insurance Portability and Accountability Act) administration, and retiree benefits transaction processing for large corporations. The Company distinguished itself by offering more custom service than most of its competitors. Its clients included a large airline, utilities, and a regional telephone company. netBOA was acquired by Automatic Data Processing Inc.'s Major Accounts Services (NYSE: ADP) in January 2000.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-02-25 Omnipoint

Bellevue, Washington, United States

Omnipoint Corporation was a leader in commercializing PCS and a leading developer and supplier of wireless communication technologies, products, and engineering services. As a pioneer in the industry, Omnipoint was on the forefront of developing and integrating advanced wireless technologies including GSM, GPRS packet data, EDGE, positioning, and Internet access.

Sell -
SELLER

Argentum Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1988
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argentum Capital Partners is a private equity firm focused on investing in small to mid-sized companies with proven business models and the ability to become market leaders. Prospective transaction situations include growth capital financing, management buyouts, platform acquisitions, and recapitalization. The firm typically takes minority positions, except in the case of management buyouts. Industry sectors of interest include business services, healthcare, and technology. Argentum generally prefers opportunities located in the Eastern US, but will consider companies across the US. Argentum Capital Partners was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 5 of 44
Sector (Environmental) 2 of 3
Type (Add-on Acquisition) 3 of 31
State (Indiana) 1 of 1
Country (United States) 5 of 42
Year (2000) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 NetBOA

United States

netBOA outsourced COBRA benefits administration, HIPAA (Health Insurance Portability and Accountability Act) administration, and retiree benefits transaction processing for large corporations. The Company distinguished itself by offering more custom service than most of its competitors. Its clients included a large airline, utilities, and a regional telephone company. netBOA was acquired by Automatic Data Processing Inc.'s Major Accounts Services (NYSE: ADP) in January 2000.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-02-25 Omnipoint

Bellevue, Washington, United States

Omnipoint Corporation was a leader in commercializing PCS and a leading developer and supplier of wireless communication technologies, products, and engineering services. As a pioneer in the industry, Omnipoint was on the forefront of developing and integrating advanced wireless technologies including GSM, GPRS packet data, EDGE, positioning, and Internet access.

Sell -
Mergr

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