M&A Deal Summary

Center Rock Capital Partners Acquires Flanders

On March 3, 2021, private equity firm Center Rock Capital Partners acquired electrical equipment company Flanders

Acquisition Highlights
  • This is Center Rock Capital Partners’ 1st transaction in the Electrical Equipment sector.
  • This is Center Rock Capital Partners’ 7th transaction in the United States.
  • This is Center Rock Capital Partners’ 2nd transaction in Indiana.

M&A Deal Summary

Date 2021-03-03
Target Flanders
Sector Electrical Equipment
Buyer(s) Center Rock Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Flanders

Evansville, Indiana, United States
Flanders is a provider of electrical motor and component services, and automation and control systems for heavy industrial applications. The Company serves mining, mills, general industrial, power & utilities, oil & gas, and marine customers from its 17 locations across 5 continents.

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Buyer(S) 1

DESCRIPTION

Center Rock Partners is a private investment group focused on investing in middle-market industrial companies headquartered in North America that serve domestic and global markets. The Firm generally pursues companies with $50 to $500 million in revenue and up to $50 million of EBITDA. Specific areas of interest include Industrial manufacturing, industrial distribution and industrial services. Center Rock Capital Partners was formed in 2017 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 7 of 9
Sector (Electrical Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (Indiana) 2 of 2
Country (United States) 7 of 9
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-05 Eastern Wholesale Fence

Medford, New York, United States

Eastern Wholesale Fence is a manufacturer and distributor of a full range of fence products. Eastern Wholesale Fence produces poly vinyl-chloride (“PVC”), wood, and chain link fence and railing products. Eastern Wholesale Fence was founded in 1971 and is based in Medford, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 Power Plant Services

Melrose Park, Illinois, United States

Power Plant Services is a provider of aftermarket turbine components and turnkey MRO services for the global power generation and general industrials markets. The Company serves utility, independent power producers, and industrial plant customers domestic and internationally. PPS’s core product and service offering include quick turn component manufacturing, shop repairs, field services, field machining, and engineering services for turbines, other power generation, and balance of plant equipment. Power Plant Services is based in Melrose Park, Illinois.

Buy -