M&A Deal Summary

BrandSafway Acquires Aluma Enterprises

On July 29, 2005, BrandSafway acquired construction company Aluma Enterprises from Longroad Asset Management

Acquisition Highlights
  • This is BrandSafway’s 1st transaction in the Construction sector.
  • This is BrandSafway’s 1st transaction in Canada.
  • This is BrandSafway’s 1st transaction in Ontario.

M&A Deal Summary

Date 2005-07-29
Target Aluma Enterprises
Sector Construction
Buyer(s) BrandSafway
Sellers(s) Longroad Asset Management
Deal Type Add-on Acquisition

Target

Aluma Enterprises

Toronto, Ontario, Canada
Aluma Systems is one of the largest North American industrial scaffolding and concrete construction services companies. The company provides equipment and services to refineries, shipyards, oil platforms, power plants, tunnels, bridges, roadways and high-rise buildings. Aluma Systems has 32 offices worldwide and alliances in 20 countries.

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Buyer(S) 1

Buyer

BrandSafway

Atlanta, Georgia, United States

Category Company
Founded 1919
Sector Business Services
Employees38,000
DESCRIPTION

BrandSafway is a provider of specialized services to the global energy, industrial, and infrastructure markets. Its range of service offerings includes work access, corrosion management, atmospheric and immersion coatings, insulation services, fireproofing and refractory, mechanical services, forming and shoring, and other complementary specialty services. Brand delivers its services through a network of more than 370 branches on six continents, with a focus on the major hydrocarbon and power generation markets globally. BrandSafway was founded in 1919 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 1 of 15
Sector (Construction) 1 of 5
Type (Add-on Acquisition) 1 of 14
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2005) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-20 Safway Services

Waukesha, Wisconsin, United States

Safway Services LLC is a provider of scaffolding services and access solutions in North America for the industrial and commercial construction markets. The Company provides a comprehensive portfolio of services, including the design, engineering, erection, dismantling, rental and sale of scaffolding throughout the U.S. and Canada. In the industrial market, the Company services multiple end-markets, including refining, power generation, Canadian Oil Sands, chemical and pulp & paper.

Buy -

Seller(S) 1

SELLER

Longroad Asset Management

Stamford, Connecticut, United States

Category Distressed Investor
Founded 2001
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Longroad Asset Management is a special situations private equity firm focused on troubled companies located within the United States or Canada. The firm seeks to invest in middle market companies across a wide range of industries with revenues between $30 million to $500 million. The firm typically commits between $5 million to $50 million per investment. Companies targeted may be in deep financial distress, in or near bankruptcy, operationally under-performing businesses, companies experiencing downturns in business or economic cycles and orphan businesses including divestitures, spin-offs or carve-outs. Longroad Asset Management was formed in 2001 based in Stamford, Connecticut and has office in Austin, Texas.


DEAL STATS #
Overall 4 of 12
Sector (Construction) 2 of 3
Type (Add-on Acquisition) 1 of 4
State (Ontario) 2 of 2
Country (Canada) 3 of 4
Year (2005) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 Morgan Buildings & Spas Manufacturing

Garland, Texas, United States

Morgan Buildings & Spas Manufacturing Corporation manufactures portable and relocatable buildings, spas, hot tubs, and redwood related products to the government and concerns. It also offers construction materials to individuals and contractors.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-25 Trimco Group

Herning, Denmark

Trimco Group is a global supplier of brand identity products for international fashion and sports brands. Trimco Group is the combined force of CLOTEX, LABELON, and A-TEX with more than 1,700 employees in 22 countries, serving more than 740 brand owners and 8,600 manufacturers around the world. Trimco Group was established in 1978 and is based in Herning, Denmark.

Sell -