M&A Deal Summary

CD&R Acquires Artera Services

On August 22, 2018, private equity firm CD&R acquired construction company Artera Services from Kelso

Acquisition Highlights
  • This is CD&R’s 1st transaction in the Construction sector.
  • This is CD&R’s 42nd transaction in the United States.
  • This is CD&R’s 5th transaction in Georgia.

M&A Deal Summary
Date 2018-08-22
Target Artera Services
Sector Construction
Buyer(s) CD&R
Sellers(s) Kelso
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co. (Financial)
Debevoise & Plimpton (Legal)

Target

Artera Services

Atlanta, Georgia, United States
Artera Services is a provider of integrated infrastructure services to natural gas and electric industries across 34 states. Artera delivers maintenance and construction services to energy utilities, infrastructure companies, municipalities, and cooperatives across America. Artera Services was founded in 2012 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

CD&R

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.

DEAL STATS #
Overall 58 of 92
Sector (Construction) 1 of 1
Type (Secondary Buyout) 20 of 26
State (Georgia) 5 of 7
Country (United States) 42 of 67
Year (2018) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-13 NaviHealth

Brentwood, Tennessee, United States

NaviHealth, Inc. is the largest manager of post-acute benefits for health plans and a leading value-based care partner to health systems and providers. naviHealth currently serves more than two million insured members and manages care transitions for approximately 800 acute hospitals and 11,000 post-acute care facilities nationwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-10 SmileDirectClub

Nashville, Tennessee, United States

SmileDirectClub was founded on a simple belief: Everyone deserves a smile they love. Recognizing an opportunity to increase access to dental care, the company pioneered the creation of cutting-edge platforms and technology for doctor-directed, at-home aligner therapy. With a digital network of more than 200 affiliated licensed dentists and orthodontists overseeing customer treatment plans, from impressions made with an at-home kit or from a digital scan at one of the 150 SmileShops across the United States, SmileDirectClub has made orthodontic solutions more affordable and convenient than ever before. SmileDirectClub was founded in 2014 and is headquartered in Nashville, Tennessee.

Buy -

Seller(S) 1

SELLER

Kelso

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1971
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.

DEAL STATS #
Overall 33 of 53
Sector (Construction) 2 of 2
Type (Secondary Buyout) 7 of 13
State (Georgia) 4 of 7
Country (United States) 28 of 46
Year (2018) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-10 Elara Caring

Dallas, Texas, United States

Elara Caring is a provider of home-based care, with a national footprint in the Northeast, Midwest, and Southwest. Elara Caring leads patients through the post-acute care journey by providing the appropriate level of care, delivered wherever our patients call home. The company’s intimate understanding of its patients’ needs allows it to apply proprietary platforms to deliver proactive, customized care that improves quality of life and keeps patients in their homes. Elara Caring was founded in 1975 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-13 Newport

Walnut Creek, California, United States

Newport is an independent provider of retirement services in the U.S., with over one million employee participants and more than $160 billion in assets under administration. Newport's services include retirement plan recordkeeping and administration, insurance distribution, and consulting services related to retirement plans. Newport was founded in 1984 and is based in Walnut Creek, California.

Buy -
Mergr

Product

Company

Legal