M&A Deal Summary

Calumet Acquires ADF Holdings

On April 2, 2014, Calumet acquired energy services and equipment company ADF Holdings from American Capital for 33M USD

Acquisition Highlights
  • This is Calumet’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Calumet’s 2nd largest (disclosed) transaction.
  • This is Calumet’s 3rd transaction in the United States.
  • This is Calumet’s 1st transaction in Indiana.

M&A Deal Summary
Date 2014-04-02
Target ADF Holdings
Sector Energy Services and Equipment
Buyer(s) Calumet
Sellers(s) American Capital
Deal Type Add-on Acquisition
Deal Value 33M USD

Target

ADF Holdings

Indianapolis, Indiana, United States
ADF Holdings, Inc. is a provider of engineered drilling fluid solutions and well site services to oil and natural gas land drillers.

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Buyer(S) 1

Buyer

Calumet

Indianapolis, Indiana, United States
Category Company
Founded 1916
Sector Energy Services and Equipment
Employees1,580
Revenue 4.2B USD (2023)
DESCRIPTION

Calumet is an independent producer of high-quality, specialty hydrocarbon products in North America. Calumet owns specialty and fuel products facilities primarily located in northwest Louisiana, northwest Wisconsin, northern Montana, western Pennsylvania, Texas, New Jersey, eastern Missouri and North Dakota. The Company owns and leases oilfield services locations in Texas, Oklahoma, Louisiana, Arkansas, Colorado, Utah, Wyoming, Montana, New Mexico, New York, North Dakota, Pennsylvania and Ohio. Calumet was incorporated in 1916 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 3 of 4
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 3 of 4
State (Indiana) 1 of 2
Country (United States) 3 of 4
Year (2014) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-26 Anchor Drilling Fluids

Tulsa, Oklahoma, United States

Anchor Drilling Fluids is an onshore drilling fluids and fluid handling service company in United States, providing engineered drilling fluid solutions and well site services to oil and natural gas land drillers. Anchor Drilling Fluids was founded in 1984 and is based in Tulsa, Oklahoma.

Buy $235M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-02 Paralogics

Muncie, Indiana, United States

Paralogics is a wax production company, specializing in candle and industrial waxes, as well as customized blending, slabbing, and quality testing, and warehousing. Paralogics is based in Muncie, Indiana.

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 152 of 194
Sector (Energy Services and Equipment) 4 of 4
Type (Add-on Acquisition) 73 of 87
State (Indiana) 2 of 2
Country (United States) 148 of 186
Year (2014) 2 of 13
Size (of disclosed) 55 of 56
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-13 Renaissance

Wisconsin Rapids, Wisconsin, United States

Renaissance is a provider of technology-based school improvement and student assessment programs for pre-kindergarten through to senior high (pre-K-12, aged 5-18) schools and districts. The company's products and services, currently adopted by more than 70,000 schools, are primarily focused on two curriculum areas: reading and mathematics. Renaissance was formed in 1986 and is based in Wisconsin Rapids, Wisconsin.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-03 Specialty Brands of America

Westbury, New York, United States

Specialty Brands is a packaged foods company with a portfolio of strong and differentiated brands. Specialty Brands’ largest brand is Bear Creek Country Kitchens. Bear Creek is the leading brand of hearty dry soups in the United States. Bear Creek also offers a line of savory pasta dishes and hearty rice dishes. Specialty Brands also offers Spring Tree, Cary’s and MacDonald’s pure maple syrups and pancake syrups, New York Flatbreads and Canoleo margarine.

Sell $155M
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