M&A Deal Summary

Chromatic Industries Acquires Quality Oil Tools

On October 25, 2017, Chromatic Industries acquired energy services and equipment company Quality Oil Tools from Plexus Capital

Acquisition Highlights
  • This is Chromatic Industries’ 1st transaction in the Energy Services and Equipment sector.
  • This is Chromatic Industries’ 1st transaction in the United States.
  • This is Chromatic Industries’ 1st transaction in Louisiana.

M&A Deal Summary

Date 2017-10-25
Target Quality Oil Tools
Sector Energy Services and Equipment
Buyer(s) Chromatic Industries
Sellers(s) Plexus Capital
Deal Type Add-on Acquisition

Target

Quality Oil Tools

Jennings, Louisiana, United States
Quality Oil Tools, Inc has developed an excellent reputation in the oilfield as a premier provider of high quality pressure control equipment, including gate valves, check valves, chokes and kill manifolds as well as replacement parts and repairs.

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Buyer(S) 1

Buyer

Chromatic Industries

Conroe, Texas, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Chromatic Industries LLC is a global manufacturer of specialty engineered valves focused on customers most demanding services applications. Company specialty engineered valves are focused in the gas process, pipeline, power, and petro-chemical and drilling markets.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Louisiana M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 23 of 44
Sector: Energy Services and Equipment M&A 1 of 3
Type: Add-on Acquisition M&A Deals 13 of 23
State: Louisiana M&A 1 of 3
Country: United States M&A 23 of 44
Year: 2017 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-19 Protect Plus Industries

Hickory, North Carolina, United States

Protect Plus Industries is a manufacturer and distributor of retail air filters and related products for home HVAC systems. Protect Plus Industries was founded in 2003 and is based in Hickory, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-21 Arc Drilling

Valley View, Ohio, United States

Arc Drilling is a provider of fast hole EDM, wire EDM, and sinker EDM manufacturing services. Arc Drilling is a long-time supplier to OEMs and Tier I suppliers in the industrial gas turbine, aerospace engine, and industrial markets. Arc Drilling has manufacturing operations in Cleveland, Greenville, South Carolina and Charleston, South Carolina. Arc Drilling was founded in 1961 and is based in Valley View, Ohio.

Buy -