M&A Deal Summary

CD&R, Brookfield Private Equity, Ardian and Enviri Acquire BrandSafway

On November 26, 2013, private equity firm CD&R, private equity firm Brookfield Private Equity, private equity firm Ardian and Enviri acquired business services company BrandSafway from First Reserve

Acquisition Highlights
  • This is CD&R’s 4th, Brookfield Private Equity’s 3rd, Ardian’s 16th and Enviri’s 2nd transaction in the Business Services sector.
  • This is CD&R’s 26th, Brookfield Private Equity’s 2nd, Ardian’s 21st and Enviri’s 3rd transaction in the United States.
  • This is CD&R’s 3rd, Brookfield Private Equity’s 1st, Ardian’s 3rd and Enviri’s 1st transaction in Georgia.

M&A Deal Summary
Date 2013-11-26
Target BrandSafway
Sector Business Services
Buyer(s) CD&R
Brookfield Private Equity
Ardian
Enviri
Sellers(s) First Reserve
Deal Type Secondary Buyout

Target

BrandSafway

Atlanta, Georgia, United States
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.

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Buyer(S) 4

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 34 of 92
Sector (Business Services) 4 of 10
Type (Secondary Buyout) 8 of 26
State (Georgia) 3 of 7
Country (United States) 26 of 67
Year (2013) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-28 SiteOne Landscape Supply

Roswell, Georgia, United States

SiteOne Landscape Supply is a distributor of wholesale irrigation, landscape lighting, nursery, hardscapes, maintenance products and supplies for the green industry. SiteOne Landscape Supply was founded in 2001 and is based in Roswell, Georgia.

Buy $465M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-19 PharMEDium Healthcare

Lake Forest, Illinois, United States

PharMEDium Healthcare Holdings, Inc. is a provider of intravenous (IV) admixture services supplied to the hospital market. The Company’s IV admixture service involves the mixing of drug compounds into intravenous solutions for infusion into patients.

Buy -
Buyer

Brookfield Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
PE ASSETS 44.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

Brookfield Private Equity is the private equity arm of global asset management firm, Brookfield Asset Management. Brookfield Private Equity looks to acquire and invest in a variety of North American and European companies with broad sector interest in business services, industrials, and residential real estate. In addition to acquiring companies, Brookfield looks to invest in businesses through the public debt and equity markets, or by providing financing. Brookfield Private Equity is based in Toronto.

DEAL STATS #
Overall 4 of 24
Sector (Business Services) 3 of 5
Type (Secondary Buyout) 2 of 6
State (Georgia) 1 of 1
Country (United States) 2 of 13
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-23 Longview Timber

Longview, Washington, United States

Longview Timber LLC, a forest product company.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-23 NBS Technologies

Minneapolis, Minnesota, United States

NBS Technologies provide solutions for card personalization, secure identity, smart card manufacturing, wafer handling & embedding, and a whole host of card printing and embossing solutions. NBS Technologies was founded in 1974 and is based in Minneapolis, Minnesota.

Sell -
Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.

DEAL STATS #
Overall 203 of 418
Sector (Business Services) 16 of 35
Type (Secondary Buyout) 56 of 137
State (Georgia) 3 of 7
Country (United States) 21 of 59
Year (2013) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-19 SynerLab

Entzheim, France

SynerLab is a European pharmaceutical contract development and manufacturing organization (CDMO). SynerLab develops, manufactures, and packages drugs in various forms (solid, liquid…) on value-adding niches, specialized in small and medium-sized batches. SynerLab was founded in 2001 and is based in Entzheim, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-02 CCC

Vienna, Austria

CCC provides customers with care and BPO solutions with 18 locations in eight countries. The company draws on 19 years of experience in handling incoming calls, outgoing campaigns, written customer communication via e-mail, chat, and social media, as well as back-office activities. CCC was founded in 1998 and is based in Vienna, Austria.

Sell -
Buyer

Enviri

Philadelphia, Pennsylvania, United States
Category Company
Founded 1853
Sector Metals/Mining
Employees13,000
Revenue 2.1B USD (2023)
DESCRIPTION

Enviri is a diversified industrial company serving major industries that are fundamental to worldwide growth and development, including steel and metals, railways and energy. Enviri was founded in 1853 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 13 of 17
Sector (Business Services) 2 of 2
Type (Secondary Buyout) 1 of 1
State (Georgia) 1 of 1
Country (United States) 3 of 7
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-09 ESCO Interamerica

Costa Rica

ESCO Interamerica Ltda., is a suppliers of engineering services for infrastructure work in Latin America and the Caribbean.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-06 Hammco

Owasso, Oklahoma, United States

Hammco Corp., is a provider of process coolers for the natural gas and petrochemical processing industries.

Buy -

Seller(S) 1

SELLER

First Reserve

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 32.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

First Reserve is a specialist private equity firm focused on investments in energy companies. First Reserve targets equity investments of $50 to $500 million in companies valued from $100 million to $10 billion. Target areas of interest within the energy industry include energy manufacturing and services (drilling service providers and wellhead equipment manufacturers), energy infrastructure, energy reserves, renewable energy and alternative fuels, and energy related insurance and financial products. First Reserve was established in 1983 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 39 of 57
Sector (Business Services) 1 of 3
Type (Secondary Buyout) 4 of 7
State (Georgia) 3 of 3
Country (United States) 25 of 38
Year (2013) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-22 TNT Crane & Rigging

Houston, Texas, United States

TNT Crane & Rigging is a mobile crane rental company serving the Louisiana and Oklahoma region. TNT provides crane rental and rigging services primarily to the refinery, oil & gas, petrochemical, power and commercial end markets. The Company owns one of the largest and most diverse mobile crane fleets in the region, with cranes ranging in size from 15-tons to 800-tons. TNT Crane & Rigging was founded in 1985 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-01 Expanse

Houston, Texas, United States

Expanse is a provider of electrical infrastructure, automation and maintenance services and materials to the oil and gas and commercial and industrial industries. Expanse operates as a network of companies across the United States with a wide scope of offerings that serve the electrical demands of automation, artificial lift, and enhanced oil recovery. Expanse offers turn-key solutions by providing a national reach with local service capabilities, supply chain management, and around-the-clock maintenance. Expanse is based in Houston, Texas.

Buy -
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