M&A Deal Summary

BrandSafway Acquires Safway Services

On March 20, 2017, BrandSafway acquired business services company Safway Services from Odyssey Investment Partners and ATP Private Equity Partners

Acquisition Highlights
  • This is BrandSafway’s 1st transaction in the Business Services sector.
  • This is BrandSafway’s 1st transaction in the United States.
  • This is BrandSafway’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2017-03-20
Target Safway Services
Sector Business Services
Buyer(s) BrandSafway
Sellers(s) Odyssey Investment Partners
ATP Private Equity Partners
Deal Type Merger
Advisor(s) Harris Williams & Co. (Financial)
Latham & Watkins (Legal)

Target

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.

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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 2 of 15
Sector (Business Services) 1 of 6
Type (Merger) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 11
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-29 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-21 All-Safe

Brooklyn, New York, United States

All-Safe LLC is a provider of turnkey hoisting, scaffolding, shoring and bracing as well as jobsite protection solutions for commercial construction projects of any size. All-Safe is based in Brooklyn, New York.

Buy -

Seller(S) 2

SELLER

Odyssey Investment Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 8.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Odyssey Investments is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York City with an additional office in Woodland Hills, California.


DEAL STATS #
Overall 28 of 33
Sector (Business Services) 4 of 5
Type (Merger) 2 of 2
State (Wisconsin) 1 of 1
Country (United States) 27 of 32
Year (2017) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-27 Pexco

Johns Creek, Georgia, United States

Pexco is a North American designer and fabricator of engineered plastic components. It provides standard and specialty parts and components to manufacturers and end-users for a broad range of custom applications, including the specialty industrial, fluid-handling, lighting, traffic safety, fence, and electrical insulation industries. Pexco offers a full range of custom design, engineering, and fabrication services, including ISO 9001:2015 registration, across its manufacturing operations.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-16 Duravant

Downers Grove, Illinois, United States

Duravant is a provider of highly engineered automation equipment and related aftermarket solutions for packaging, material handling, and food processing applications. Duravant designs and assembles mission-critical equipment, including form-fill-seal machines, robotic palletizers, conveyors, and thermal processors, primarily serving the food and beverage, e-commerce, distribution, and agriculture end-markets. Duravant is based in Downers Grove, Illinois.

Sell -
SELLER

ATP Private Equity Partners


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

ATP Private Equity Partners is a Danish institutional investment firm focused on investing in private equity funds across Europe, North America, and select emerging markets. The Firm is supported by ATP, Denmark's largest pension fund. In addition to investing in private equity funds, ATP also looks to for co-investment situations. ATP Private Equity Partners was formed in 2001 and is headquartered in Copenhagen, Denmark.


DEAL STATS #
Overall 15 of 33
Sector (Business Services) 1 of 4
Type (Merger) 1 of 3
State (Wisconsin) 1 of 1
Country (United States) 5 of 13
Year (2017) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-16 Invitel

Budaörs, Hungary

Invitel is an alternative telecommunication service provider, Invitel offers a wide range of info-communication solutions in the whole territory of the country. Invitel was founded in 1992 and is based in Budaors, Hungary.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-11 Simply Good Foods

Denver, Colorado, United States

Simply Good Foods is a food company with a product portfolio consisting primarily of nutrition bars, ready-to-drink shakes, sweet and salty snacks, and confectionery products marketed under the Atkins®, Quest®, and Atkins Endulge® brand names. Simply Good Foods was formed in 1989 and is headquartered in Denver, Colorado.

Sell -