M&A Deal Summary |
|
|---|---|
| Date | 2017-09-21 |
| Target | Hudson Products |
| Sector | Machinery |
| Buyer(s) | Chart Industries |
| Sellers(s) |
Riverstone Holdings
The Carlyle Group Intermediate Capital Group Prospect Capital Management |
| Deal Type | Add-on Acquisition |
| Deal Value | 410M USD |
| Advisor(s) | Goldman Sachs (Financial) Latham & Watkins (Legal) |
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| Category | Company |
|---|---|
| Founded | 1859 |
| Sector | Machinery |
| Employees | 11,637 |
| Revenue | 3.4B USD (2023) |
Chart Industries is a provider of cryogenic equipment used in industrial gas, hydrocarbon, and medical applications. Chart Industries was incorporated in 1859 and is headquartered in Ball Ground, Georgia.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 17 |
| Sector (Machinery) | 3 of 5 |
| Type (Add-on Acquisition) | 9 of 15 |
| State (Texas) | 1 of 1 |
| Country (United States) | 8 of 12 |
| Year (2017) | 3 of 3 |
| Size (of disclosed) | 2 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-09-01 |
VCT Vogel
Gablingen, Germany VCT Vogel GmbH is a provider of cryogenic and other mobile gas tank equipment and trucks, and is a European leader in truck mounted drive and control systems for the operation of cryogenic pumps on trailers, rigid trucks and containers. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-02 |
Skaff Cryogenics & Cryo-Lease
Brentwood, New Hampshire, United States Skaff Cryogenics & Cryo-Lease LLC is a provider of repair service and remanufacturing of cryogenic and liquefied natural gas storage tanks and trailers. Skaff Cryogenics & Cryo-Lease was founded in 1979 and is based in Brentwood, New Hampshire. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 40.0B USD |
| Size | Mega |
| Type | Sector Focused |
Riverstone Holdings is a large specialist asset management and private equity firm focused on opportunities in the energy and power industry. Specific areas of interest include oil & gas exploration, midstream transportation/logistics, electric generation, energy & power service, power infrastructure, and energy & power technology. Riverstone Holdings was formed in 2000 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 49 of 58 |
| Sector (Machinery) | 2 of 2 |
| Type (Add-on Acquisition) | 26 of 31 |
| State (Texas) | 23 of 26 |
| Country (United States) | 38 of 42 |
| Year (2017) | 3 of 3 |
| Size (of disclosed) | 17 of 19 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-05-17 |
Vesta Energy
Calgary, Alberta, Canada Vesta Energy is a private junior oil and gas company with a focus on drilling light oil and liquids-rich prospects from the Mannville Group in central Alberta. Vesta Energy is based in Calgary, Alberta. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-08 |
Lucid Energy Group
Dallas, Texas, United States Lucid Energy Group is a provider of midstream services to producers in high-growth production areas pursuing organic development projects and strategic acquisitions in other producing basins. Lucid Energy Group is based in Dallas, Texas. |
Buy | $1.6B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 435.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.
| DEAL STATS | # |
|---|---|
| Overall | 333 of 481 |
| Sector (Machinery) | 8 of 11 |
| Type (Add-on Acquisition) | 140 of 198 |
| State (Texas) | 35 of 38 |
| Country (United States) | 195 of 259 |
| Year (2017) | 16 of 26 |
| Size (of disclosed) | 64 of 136 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-09-19 |
Coates Hire
Mascot, Australia Coates Hire is Australia’s largest equipment hire company with 120 years of experience, supplying to a wide variety of markets including Engineering Civil Construction, Building Construction and Maintenance, Mining and Resources, Manufacturing, Government, Industrial Shutdowns and Events. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-09-28 |
Klenk Holz AG
Oberrot, Germany Klenk Holz AG produces lumber, solid wood panels, softwood lumber, multi-purpose panels, garden wood, solid construction timber, moulded pallet blocks, moulded wood pallets and waste timber. This product range is sold through builders merchants, retail, wood processing industries and the packaging industry, among others. Klenk Holz exports approx. 30% of its products and annually cuts approx. 2 million cubic metres. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 74.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.
| DEAL STATS | # |
|---|---|
| Overall | 189 of 217 |
| Sector (Machinery) | 5 of 5 |
| Type (Add-on Acquisition) | 56 of 67 |
| State (Texas) | 1 of 1 |
| Country (United States) | 10 of 13 |
| Year (2017) | 9 of 11 |
| Size (of disclosed) | 46 of 73 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-09-11 |
Staci
Saint-Ouen-l'Aumône, France Staci is a third-party logistics provider with a focus on complex retail logistics. Staci offers innovative B2B and B2C logistics solutions for companies wishing to outsource all or part of their logistics and distribution. Staci was founded in 1989 and is based in Saint-Ouen-l'Aumône, France. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-11-07 |
Inenco Group
Lancashire, United Kingdom Inenco Group provides businesses with strategic energy management procurement and risk management services. |
Sell | - |
| Category | Business Development Company |
|---|---|
| Founded | 1988 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Prospect Capital Corporation is a publicly traded mezzanine debt and private equity firm that primarily provides non-control financing to support growth, recapitalizations, acquisitions, and development. Prospect will selectively consider control acquisitions by providing multiple levels of the capital structure. Prospect was initially formed in 1988 and went public 2004. The Firm is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 40 of 48 |
| Sector (Machinery) | 3 of 3 |
| Type (Add-on Acquisition) | 15 of 17 |
| State (Texas) | 5 of 7 |
| Country (United States) | 39 of 47 |
| Year (2017) | 2 of 2 |
| Size (of disclosed) | 6 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-03-20 |
Arctic Glacier
Winnipeg, Manitoba, Canada Arctic Glacier is a producer, marketer and distributor of packaged ice, with a strong and loyal customer base across Canada and much of the northern, central and western United States. Arctic Glacier was founded in 1996 and is based in Winnipeg, Manitoba. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-02-28 |
CCPI
Blanchester, Ohio, United States CCPI develops, manufactures, and sells a range of proprietary refractory materials, temperature sensing devices, and other consumable products. CCPI's high-tolerance products are used in multiple industrial applications, including steel production, aluminum production, and industrial heat treating. The Company maintains a sales office in the Netherlands and sells its products under various proprietary brands including COMAT and TunTemp. CCPI was formed in 1957 and has manufacturing facilities in Ohio, Connecticut, the United Kingdom, and Bahrain. |
Sell | $43M |
