M&A Deal Summary

CC Industries Acquires Southern Towing

On May 30, 2019, CC Industries acquired transportation company Southern Towing from Trive Capital

Acquisition Highlights
  • This is CC Industries’ 1st transaction in the Transportation sector.
  • This is CC Industries’ 2nd transaction in the United States.
  • This is CC Industries’ 1st transaction in Tennessee.

M&A Deal Summary

Date 2019-05-30
Target Southern Towing
Sector Transportation
Buyer(s) CC Industries
Sellers(s) Trive Capital
Deal Type Add-on Acquisition

Target

Southern Towing

Memphis, Tennessee, United States
Southern Towing Co. is a transporter of fertilizer and other products along the inland waterways of the United States. STC operates a fleet of towboats and barges to provide marine transportation services to customers in the agriculture and industrial end markets. Southern Towing Co. was founded in 1958 and is based in Memphis, Tennessee.

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Buyer(S) 1

Buyer

CC Industries

Chicago, Illinois, United States

Category Company
Founded 1986
Sector Business Services
DESCRIPTION

CC Industries, Inc. operates under the umbrella of Henry Crown & Company and is the holding and management company for the Crown family’s privately held operating companies. CC Industries, Inc. was founded in 1986 and is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 4
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Tennessee) 1 of 1
Country (United States) 2 of 4
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Selig Sealing Products

Forrest, Illinois, United States

Selig Sealing Products, Inc. is a designer and manufacturer of highly engineered closure liner solutions for food, beverage, pharmaceutical, healthcare, personal care and industrial applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 CIE

Marion, Indiana, United States

CIE operates a commercial-scale distillery, which serves customers from Fortune 500 spirit, food, and fragrance brands to niche artisan craft distilleries. CIE was formed in 2004 and is based in Marion, Indiana.

Buy -

Seller(S) 1

SELLER

Trive Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2012
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trive Capital is a hands-on, operationally-focused private equity firm that targets complex or special situations in 'out of favor' but protected market niches. The Firm will consider businesses throughout North America offering differentiated products/services with leading/defensible industry positions. Trive looks to commit $10 to $300 million per investment in businesses generating revenues of $40 million to $1.5 billion. Sectors of interest include automotive, transportation, aerospace/defense, building products, construction, infrastructure, healthcare, manufacturing, industrial, chemicals, distribution, consumer goods, energy services, business services, and communications. Trive Capital was founded in 2012 and is based in Dallas, Texas.


DEAL STATS #
Overall 6 of 17
Sector (Transportation) 1 of 2
Type (Add-on Acquisition) 4 of 8
State (Tennessee) 1 of 1
Country (United States) 6 of 16
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-03 EarthLink

Atlanta, Georgia, United States

EarthLink provides internet access, premium email, web hosting, and privacy and data security products and services throughout the United States. EarthLink also has key partner relationships with several of the industry’s largest providers, enabling the Company to offer products and connectivity services available to millions of households nationwide. EarthLink was formed in 1994 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 Cadient Talent

Morrisville, North Carolina, United States

Cadient Talent provides applicant tracking and assessment products, delivered via a software-as-a-service model, to customers throughout the United States and Canada. Cadient offers one unified recruiting platform for salaried and hourly positions and is a leader in solving the complexities of high-volume, hourly hiring. The solution provides distributed managers with a constant pipeline of high-quality candidates for their workforce. Cadient Talent is based in Morrisville, North Carolina.

Buy -