M&A Deal Summary

Brock Acquires Atlantic Industrial

On May 14, 2008, Brock acquired business services company Atlantic Industrial from Sterling Partners Private Equity for 250M USD

Acquisition Highlights
  • This is Brock’s 1st transaction in the Business Services sector.
  • This is Brock’s largest (disclosed) transaction.
  • This is Brock’s 3rd transaction in the United States.
  • This is Brock’s 1st transaction in Maryland.

M&A Deal Summary

Date 2008-05-14
Target Atlantic Industrial
Sector Business Services
Buyer(s) Brock
Sellers(s) Sterling Partners Private Equity
Deal Type Add-on Acquisition
Deal Value 250M USD

Target

Atlantic Industrial

Columbia, Maryland, United States
Atlantic Industrial, Inc. provides industrial services to refineries, power plants, and pulp and paper mills.

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Buyer(S) 1

Buyer

Brock

Houston, Texas, United States

Category Company
Founded 1947
Sector Business Services
Employees8,700
Revenue 975M USD (2021)
DESCRIPTION

Brock is a provider of industrial maintenance and capital project solutions (scaffolding, coatings, insulation, fabrications, painting, and various other soft crafts) that support the continuous and reliable operation and expansion of critical energy infrastructure and industrial processing facilities. For nearly 70 years, Brock has been a preferred service provider to many of the largest and most demanding refining, petrochemical, power generation, and industrial processing companies in North America.


DEAL STATS #
Overall 5 of 6
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 5 of 6
State (Maryland) 1 of 1
Country (United States) 3 of 3
Year (2008) 3 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Westcor Services

Coquitlam, British Columbia, Canada

Westcor Services Limited provides Insulation, Fireproofing, Scaffolding and Environmental services to the petrochemical, marine, pulp and paper and utility industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-09 Chinook Scaffold Systems

Nanaimo, British Columbia, Canada

Chinook Scaffold Systems is a provider of scaffolding and insulation systems serving oil & gas, smelters, mining, dams and pulp & paper customers throughout Western Canada including British Columbia, Alberta and Saskatchewan. Chinook Scaffold Systems is based in Nanaimo, British Columbia.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Sterling Partners Private Equity is the private equity arm of asset management firm Sterling Partners. Sterling Partners Private Equityis focused on investing in small to medium-sized companies positioned for growth, either organically or through acquisitions. Sterling has a strong interest in businesses with differentiated products, defensible competitive positions, recurring revenues, and diversified customers. The Firm's target equity commitment size is $5 to $175 million. Broad sectors of interest include direct marketing, education, specialty distribution, specialty manufacturing, healthcare, technology, and business services. Sterling Partners was formed in 1983 and is based in Chicago, Illinois.


DEAL STATS #
Overall 12 of 51
Sector (Business Services) 2 of 8
Type (Add-on Acquisition) 8 of 34
State (Maryland) 4 of 9
Country (United States) 12 of 49
Year (2008) 4 of 4
Size (of disclosed) 6 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-10 Cole Information

Omaha, Nebraska, United States

Cole Information is a provider of technology enabled solutions through various online platforms. Their products provide hyperlocal sales leads, marketing and customer acquisition solutions for small and medium sized businesses in multiple industry verticals, including insurance, real estate, auto, home services, government and public policy. Cole Information was founded in 1947 and is based in Omaha, Nebraska.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-01 Cornerstone Records Management

Aurora, Colorado, United States

Cornerstone Records Management LLC is a provider of secure document storage, document destruction, media vaulting, online backup, imaging, and services to the smallest and largest business, legal, medical, accounting, financial, and real estate organizations.

Buy -